With 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.
A 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...
GMR 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...
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...
NIFTY --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 -- 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...
In 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....
ORIENT GREEN POWER CO LTD- DAILY CHART 1. Trendline breakout seen on daily chart recently 2. Triangle pattern breakout also can seen on chart 3. Double bottom formation seen, where both double bottom candles are hammer candle, 4. After hammer candle last closing candle is bullish green which confirm double bottom and trend reversal to bullish 5. wave trend also...
jk cement made bottom for now fundamentally very strong company running at discounted price 35% down from its all time high buy and hold for long term good stock to invest at this point
short term buying view buy only above 6170 may we found bottom here
LTI also looks like a counter where the bottom has been made. One can accumulate for long term. Bottom fishing level is clearly marked.
It's forming TRIPLE BOTTOM pattern wait for reversal candle, As we know market discounts everything so the downfall happened before the earnings data release on 27 jan so there would be profit booking and new buyers should come keep an eye on it.
Price movement has led to Rounded Bottom in the making. If the price faces temporary resistance at 2498.58 then it may change to Cup & Handle - Bullish
basf india target 3250 sl 2800 buy basf for 10-12 trading sessions
Double bottom pattern NIfty maybe at bottom 1) Can pickup good quality smallcap stocks 2)Can start buying nifty etf for good 10%returns 3) bull spread would work best above 17500 nifty will become bullish and 90% chance it will form new high.
4 Year Long Rounding Bottom Pattern If weekly price gives breaks out above 500 with high volume and confirm the same with closing of candle, then only one should enter into the stock. Disclaimer: This is for Educational purpose only, you can observe and learn this trade strategy and build confidence in your decision making while looking to enter in a potential...
From the current levels, it has the potential to go 1800 and beyond. The rounding bottom is clearly formed with a higher high formation. Enter at the current levels with stop below the breakout line. Kindly note that this is not a recommendation and do your own analysis before investing.
Dear Friends, Everything Explained in the chart. Thanks