TATA Elxsi forms the flag and pole pattern, the market is at a crossroads, presenting traders and investors with both opportunities and risks. A careful analysis of the breakout or breakdown, along with volume confirmation, will be crucial in making informed decisions. Remember, while technical patterns provide valuable insights, it's essential to consider other...
HDFCBANK broke down of its 3 year long Ascending triangle with a big red candle and high volumes this week. Can head down if the down momentum continues. Or it could bounce back next week and come back into the triangle to break upwards.
Good Morning Traders, Nifty trading at support zone, we might can see a reversal from current levels to downward slopping trendline. Best action can be seen only if nifty breaks its important support zone or give breakout of downward slopping trendline. We might can see upside momentum also in coming days. Let's see we will just work according to price action.
...
NSE:JUBLINGREA is consolidating within a broader range of rs 80. and currently it consolidation in the lower range. One can buy the scrip at Rs. 414 with a stop loss of Rs. 385 on daily closing basis for a target of Rs. 485
Exit the position if the stop loss triggered on DCB.
DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME.
I AM EAGERLY...
TECHNICAL ANALYSIS :
ASCENDING RECTANGLE BREAKDOWN -
Price has broken down from the ascending rectangle pattern with confirmation
VOLUME SPIKE -
On 21st july, price has shown huge volume spike with the breakdown indicating strong downward momentum
50D SMA BREAKDOWN -
Price has broken out of the 50D sma after consolidating above it for a long...
Good Morning Traders, i hope you all will be doing good in trading. On friday our sensex hero zero trade has done really well, i hope you all will have made good profits.
Let's focus on today's Nifty analysis.
As i discussed earlier that was not a proper bullish flag pattern, but on thursday it has given huge momentum, and we also shifted bullish side that day....
Indiamart is set to break out/down because it has been consolidating in tight parallel channels for a while, a big move can be anticipated on either side !
look for additional trend confirmation !
📊 Pattern: Falling Wedge Stock May Break down
📌 Symbol/Asset: HERO MOTORCORP LIMITED
🔍 Description:
Stock in bearish momentum may break down
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
📊 Pattern: Channel Resistance
📌 Symbol/Asset: ADANI POWER
🔍 Description:
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
After a good upside rally as can be seen in the chart, 'Berger Paints' went into a consolidation phase.
today it has broken the consolidation zone and also has changed the trend in the smaller time frame.
Now we can keep it on the radar for the coming days so we can see if this is a breakdown which is more likely to happen or a fakeout to trap sellers.
both side...
Banknifty has broken its structure, that means price is getting into a retracement.
Now on intraday its most likely to sell on rise.
Wait for support to break and turn it into resistance or if gap up then short near resistance.
There is also a probability that market can trap buyers by retesting a recent high and then fall sharply.
📊 Pattern: Wedge Breakdown
📌 Symbol/Asset: QUICK HEAL
🔍 Description:
Wedge Breakdown
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
📊 Pattern: Parallel Channel
📌 Symbol/Asset: Kalptaru Projects
🔍 Description:
Price is at support, stock may break down
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
DLF's uptrend movement looks like fading away. In today's trading stock closed below 14 days EMA forming bearish inside candle pattern. MACD is also giving a bearish signal.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
Introduction:
In the dynamic world of trading, identifying relative strengths and weaknesses among stocks and indices is crucial for maximizing profits. This idea focuses on the underperformance of ICICIBANK compared to the Nifty 50 index. By analyzing the daily charts and employing a ratio chart, we can spot a potential opportunity for a pair trade. This write-up...
IEX Share has broken down and may take support at 130 levels. However, the breakdown is due to fundamental issues and thus, one needs to take a closer look before jumping in. Coupling has been announced and this means that IEX will be hurt when it comes to price matchmaking. Even though IEX is more or less of a monopoly, margins might be under pressure due to new...
