Nifty View: Intraday volatility continues as the benchmark Nifty index consolidated yesterday’s sharp sell-off today. The nascent underlying short term UP trend is now vulnerable for a reversal. On the 75min chart we can clearly observe a range bound activity for the Nifty which is taking the shape of an Ascending Triangle. A break below today’s low of 14,616 will...
NSE:POWERMECH Levels already mentioned.. Good for Swing...
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Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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3. Views...
NSE:TEAMLEASE Levels already mentioned.. Good for intraday to Swing...
Appreciate our work by like, share and following..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more...
Godrej Industries on a daily timeframe is forming ascending triangle. And LTP(Last Traded Price) is at a very crucial resistance zone on daily chart.
Expecting a pullback around 487(around -10% from current market price). It'd be a good buy at around 487 for swing as 487 is a price at trendline support as well as horizontal support.
So Godrej Industries is at wait...
I have plotted the HUL wedge formation with ABC wave structure in ascending triangle. The price is likely to retrace up to 2250 to 2230 in 3-4 weeks then again it will bounce back to previous high 2560 in further few weeks, total Duration of pattern will be 7-8 weeks. Observation: 1. Wedge formation in ascending triangle 2. Price is respecting 50 sma on weekly...
This is Just for study purpose. ASIAN PAINTS seems to be a ascending triangle breakout (Pattern - strong, Confident - average).
Buy if first candle opens above 2471 (SUPPORT) Mar 29 Monday.
It may retest at SUPPORT and possibly could reach 1st level target 2563 (RESISTANCE) and if this breaks it may reach 2nd level target 2665 (LONG POTENTIAL).
Today I've taken a long position in ACC as it has given an ascending triangle breakout with 20 day and 50 day moving average golden crossover.
My entry was at 1873.90
Stop loss at 1751.20.
Target : 2119.45
Stock is trading at all time high that is why I have kept 1:2 risk reward only.
How many of you have also taken entry in this stock? Please do let me know....
1. With TVL in the DEX protocols standing at $16 Bn, Uniswap stands in the third position with $4 Bn locked in its protocol.
2. UNI has been trading above its 20 and 50 DEMA. It is not able to sustain above $35. Closing above $35 on Daily Time Frame may trigger fresh buying to the upside to the levels of $39 followed by $45 .
3. The support to the lower...
Nice bounce from the intermediate trend line three times with good above avg volume and then retracement with low decreasing volume. Breakout with nice volume. Overhead resistance is present indicating proper exit points to be careful about. Triangle is not perfect yet the formation is interesting. NSE:CYIENT
MCX Mentha Oil Overall Outlook Is ‘Strongly Bullish’
How many of you bought Mentha oil after reading this report?
Mentha oil made a high of 964.9 yesterday, and the first target has come.
Approx. Profit /L = Rs.15,000+
The short-term investors can book profit here. As I mentioned in the above chart, it's MA crossover time. It may move sideways.
Overall,...
First, wait for a clear Ascending triangle form. Right now, MCX Mentha oil at the support trendline (rising lower trendline). It will try to hit 964 - 986 - 1000 - 1020 levels from here. Intraday traders can go with the current trend.
But don't buy below the support trendline.
This is a chart which is worth looking at.
Monthly chart is reflecting that it is at its demand level in monthly time frame. Most importantly it stopped making lower highs and lower lows after a long long time.
Last time stock moved to higher levels exactly from these levels and now testing the same levels again.
Monthly Chart for the reference:-
Looking at...
