Bottom
GSPLGSPL:- Stock has given breakout by forming double bottom pattern keep your eye.
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Ajay.
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Bitcoin reversal from $10.000-$12.000Based on the fork, the trend continued to move down. But the bottom is near. It will reverse after breaking above the fork. The bottom can from between $10.000-$12.000 area.
Pattern in Formation :Radico KhaitanIn NSE:RADICO the Rounding bottom is in Formation. Long side can be taken after the breakout of neckline. The Price Objective for the same will be the Height of the rounding bottom to the neckline (If the pattern is completed). The stop loss for the same can be determined after the completion of pattern.
Will the pattern complete?
* It is my Analysis and not Buy or sell recommendation.
Wipro Bottom and Triangle Wipro is one of the large cap IT stocks that has been hammered by the stock market. However, one can see a decent triangle formation and bottom formation going on here. If this formation succeeds, it can be a great accumulation zone for the stock for the medium term. The base of the triangle (marked in the chart) is your stop loss.
Bottom out in iexIex been consolidating here from a long time and we can see price has already corrected so from here it is safe to accumulate soon will move higher
and we know how europe energy crisis is going on so in india upcoming energy transactions will go further .
GNFC Weekly Roungding BottomGNFC: CMP 485.95 - Weekly Chart = Bullish for Long Term
Perfect Rounding Bottom in GNFC Indicates Possible Breakout
Running Pattern : Rounding Bottom
Trend : Bullish
Important Support 451.00
Target : 505-518-525-547.50 ATH breakout 548.50.
CMP : 485.85
Buy@ 491 Stop loss 471.00
Jyothi Labs on 1W TF, A good positional tradeIf you observe this stock. It has given breakout on weekly TF and entry is activated.
If someone is looking for a positional trading, It is going to be a good trade.
Just observe this trade.
Strong Closing for NIFTY 50 and Good Consolidation at 4H TFObserve the behavior on 4H and 1H TF, A good Base Formation if break out it will give a good momentum
Adanient short term buyAdanienet short term buy.
Market braked the long term day resistance.
and also braked the HR tf resistance.
it indicates to reach the weekly resistance
Bottom in the price of Bitcoin (Pi Cycle indicator)
Py cycle indicating, on the black arrow, the crossing of the averages,
''the bottom of the price of Bitcoin''. We never trust only one indicator but this indicator so far has not missed tops or bottoms on the Bitcoin chart.
We have to be careful to understand that when he gives the signal we can still make the bottom and go down a little more,
it's not automatic or immediate.(indicator Created By Philip Swift)
Trent short term buyMarket hr retracement + 15 DB formation + 15 MIn trend line acting.
if market break the resistance and DB then enter the trade.
BTC Blood Path !!! But where is the BOTTOM ???Good day to everyone!
BTC enters the BOTTOM zone which is between 16-22k. Best buy zone is 16-18k .
We may rally to the resistance zone 48-50k after few months of bottom consolidation (July - October), and then continues the Bull Run breaking ATH.
Get ready for the next Bull Cycle..
~RPS
NIFTY - Where is the BOTTOM ??? We have a GOOD NEWS !!!Good day to everyone!
NIFTY price action is trapped inside a Descending Broadening Wedge (Blue lines).
The Good News is that Descending Broadening Wedge is a Bullish or Continuation Pattern.
Since the long term trend is uptrend, the probability of the trend continuation is higher which is bullish .
Where is the bottom?
The price action is currently supported at the yellow support line where I expect the price to recover in the month of July.
Still I am expecting the price to fall back to the Descending Broadening Wedge Support again between September and October which will be the BOTTOM.
This analysis is purely based on the Descending Broadening Wedge and Support & Resistance.
~RPS~
Nasdaq (US 100) near its bottom. Dont expect much downside.Nasdaq near its trendline support and very near to 200 weekly ema (only touches during crash period).
Also Weekly rsi is heavily oversold with a bullish divergence.
Market cap of s&p500 index came down to near its december,2020 period. it means all surplus (of covid period) already sucked out of markets.
Soon a bottom will be formed and markets show a meaningful bounceback.
Info Edge Bottom in placeWith today's strong move Info Edge confirmed that the bottom has been made in the stock. A very strong stock with very strong cashflows. These levels are great to accumulate the stock.
Rounded Bottom Breakout in GESHIPA nice rounded bottom pattern has been formed and had broken out the supply zone of 380 with a nice and big green candle and above average volume. RSI is little extended upwards, but when we see the past RSI value of this stock, overbought area of RSI is near 80 so it is ok that way. Aggresive entries can done at the close of the candle or above the high of the current candle next day with a stop loss below previous swing low or the low of the breakout candle with a target of 440 which is previous high and could act as a ressistance. And for a safe entry wait for the price to consolidate near breakout zone or the RSI value to come near 60 and enter when it bounce back upwards.
GMR INFRA --ROUNDED BOTTOM -- BULLISHGMR INFRA -- DAILY CHART -- ANALYSIS
1. Bullish Rounded bottom formation at Daily chart
2. trendline breakout seen around 36.75 level recently which is bullish indicators
3. same pattern follows target can seen 40-44-48 as per chart setup
4. RSI Seen near 60 level currently 57.8 at closing above 60 will strongly bullish .
5, suppoort and resistance level define as S And R in chart setup
BUY GMR INFRA between 36-38
TARGET 40-44-48
STOP LOSS 28
88 THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING . !!
BankNifty Spot Weekly Outlook For Expiry Week Falcon Analytics Outlook Bank Nifty for the week (May 23 – May27)
Technically on the daily charts we see major support on the downside for BankNifty index lies at 32955 levels,
whereas major resistance on the upside is capped around 35000 levels.
If BankNifty index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 32323/31691 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 35631/36263.
Currently BankNifty index is just trading above 200 day EMA @ 35947 suggests long term trend is Bearish .
Falcon Analytics predicts range for the week is seen from 32323 on downside and 35631 on upside.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 36263
RESISTANCE 3: 35631
RESISTANCE 2: 34999
RESISTANCE 1: 34609
WEEKLY PIVOT LEVELS: 33977
SUPPORT 1: 33345
SUPPORT 2: 32955
SUPPORT 3: 32323
SUPPORT 4: 31691
All above views for education purpose only.
Regards,
MD .
NIFTY --DOUBLE BOTTOM--NEXT WEEK TREND --16/05/2022NIFTY --DAILY CHART--DOUBLE BOTTOM --NEXT WEEK TREND --16/05/2022 to 20/05/2022
1. NIFTY seen Double bottom formation on daily chart at oversold level around 15750-15770 sub level , this is same bottom where earlier nifty rally from extreme oversold .
2. short term bounce is possible from current level around 400-500 points at resistance 16400-16500 level
3. nifty overall chart is still sell on rise but since double bottom at oversold level there is more chance bounce from this level kind of relief rally ahead
4. for confirmation we want next candle to form as doji or bullish Green with no pin bar downside, then this trend will confirm it means next candle should not red one
5. if next candle red with pin bar downside then this double bottom will be not carried trend up .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..
HAPPY TRADING. !!
NIFTY -- FINDING BOTTOM -- WEEKLY CHARTNIFTY -- WEEKLY CHART --FINDING BOTTOM
1. well recent sharp fall of nifty from recent higher level around 18100 to 16200 Sub level seen on chart as nifty form lower high and lower low channel
2. AS per this channel try to following the same nifty has broken support 16800 then next support comes to 15800 Where earlier nifty was bottom out and Bounce back This support will be tested agian if some fall further due to negative global and local sentiments
3. following the channel if this support broken then channel showing the support at 15000 where i find most probable bottom formation at worst negative sentiments
4. so idea is if one has mid, ling term investment view .. USE SIP method at every gap down 100-200 points if fall further till this 15000-15500. for better output in keeping view of 6 month - 1 year time from now onward.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..
HAPPY TRADING !!
An unfolding bear marketIn search of the next bottom, we look for five-wave declines to complete. Prices have been falling inside a channel and a breakout would put us in the price territory of the previous ivth wave near 16404 to the gap zone near 16484. But what if we do not breakout and keep falling below 16000 we could see a free fall with multiple extensions on the downside. Sentiment is poor and markets look oversold but will that work?
