Auto Sector M pattern neckline brokenAuto Sector M pattern neckline broken. is it heading to break the weekly one.?
Breakdown
Multiple Breakouts in UptrendIn this Birla Corp. stock we have witnessed multiple breakouts in bullish trend for almost now a year.
This trend line is now a major support.
These are the multiple points where an investor or trader can take entry
and can efficiently plan a strategy and do money management.
And price action makes analysis simple and easy to understand and is least complicated.
The more simplistic the analysis is for yourself and more effectively and efficiently one can take actions in entry point for investment decision or trading position.
And the money flow index helps me to understand the strength in breakouts and breakdowns and volumes too.
This post is for to show you how without making things complicated you can analyze and earn money.
But remember just seeing breakouts/breakdowns one should not enter.
Multiple confirmation are must, like candlestick patterns, fibo retracement, price action patterns, etc.
This post is for information purpose only.
WATCH THIS BOUNCE BACK !Cochin Shipyard is clearly forming a parallel channel pattern as you can see in the chart. Stock is now very much near its support line and can bounce back at any moment.
Note :- If stock gives breakdown of support line , don't make a long call here. If a proper reversal candlestick pattern like morning star, doji , bullish engulfing etc is seen near the support line only then make a long call.
Target will be near the resistance line , i will advise you all to book profit before the stock touches the resistance line as it can reverse before too.
Only for education , feel free to share your views/feedback.
BANKNIFTY #BANKNIFTY FUT (D):- CMP 34670, if BNF sustain above 34500/34555 then we can see a good short covering in BNF FUT in 2nd half :)
Otherwise breakdown happened, & more fall further continue...
#Disclaimer:-I just shared view for only educational purpose.
PENNANT & POLE PATTERN BREAKOUT AHEAD !SAIL : As you all can see that SAIL is forming pennant pattern from around 07 may 2021 , it took around 70 days to make this pattern. Now pattern is almost about to give a breakout / breakdown.
If it gives breakout , it will also break the 50 simple moving average (green line in the chart ) , Which is a strong bullish sign. Pole height is around 60% this implies the stock has more room ahead to move. If not 60% , 20% to 30% is also a good target for short term.
Lets keep Entry above 130 and very short term swing target of 148 .
Mid and long term holders can keep high targets.
This was my personal analysis on the stock and it was only for educational purpose. Feel free to share your views/ feedback.
HCLTECH HCLTECH (4HR):- CMP 987.9, KEEP EYE ON BREAKOUT OR BREAKDOWN
1) Symmetrical Triangle Pattern
2) Wait for Volume :)
USDJPY Overview Trend line break & Retest wait for Confirmation , It's a Continuation down trend either Fake breakdown
ACC awaiting bounce or breakdownWatch ACC for an trade oppurtunity.
Wait for bounce or breakdown, check the volume for confirmation.
Retrace would be a good entry.
Disclaimer : Sharing my ideas only for knowledge, please don't interpret as buy/sell/hold call. Do your analysis before any action !!
Hindalco Bearish ascending channelThe stock has formed a ascending channel and breakdown from the channel expecting down side and also formation of head and shoulder pattern
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
Short Balkrishna IndustriesShort Balkrishna Industries Near 2260-2270 Stoploss 2325 Target 2110
Trendline Breakdown and Retest Structure
Techm breakdown and retestThe stock break the major support (dynamic support )
we can expect fall in the upcoming day but
ill prefer to buy on dips coz its over all good company (long term view)
short term sell on rise
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
Mentorship InstaView 23 June’21: Disappointing
Nifty View: Indeed it was a disappointing trading session for Bulls as the benchmark Nifty index failed to hold onto its strong opening, slipped significantly from intraday highs to close below 15,700. We were anticipating a sustained break above (15,750-15,800), which the index did break but could not sustain - a sign of selling pressure at higher levels. Now with the expiry of derivatives contracts scheduled tomorrow, we need to be extra careful as intra-day volatility is likely to be above average. On the upside, super important for Bulls will be to scale above 15,800 and in such a case we can see some high-momentum move up. Chances of a slide down should not be discounted, especially after today’s late-hour selling. A break below today’s low of 15,677 and we should be heading towards 15,620. Stay cautious and prepare to deal with the heightened volatility coming our way.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Alkyl Amines - Might Breakdown- Alkyl Amines is consolidating from a long time.
- It has strong support at 3540. If it breaches support then it can go down to 3340.
- Volume has been dry for AA this month after the stock split.
- Stock is trading below EMA 50.
Hindalco Bearish Descending Triangle ShortPositional Trade(3-4 weeks): Hindalco's fate is hanging by a thread. Bearish breakout is imminent.
Short: Hindalco
CMP: 381
Target: 340
Stop Loss: 395
Btc is trading within symmetrical triangle, what next?Hello everyone, welcome to this quick update :-
BTC is trading under the triangle as of now and is successfully holding the 39k level since the breakout.
What matters the most is we need a healthy retracement here.
There's also a CME gap around 38k level.
So this pump could end up being a trap.
Just my opinion!
Expecting breakout in the next 4 to 6 hours.
The direction of the breakout will decide the trend.
Break above the 41k level can take BTC to upper resistance levels around 43k to 48k and eventually 52k.
Breakdown means test of 38k and continue to the upside for 43k to 48k .
In both ways we are bullish .
We wait for the breakout now.
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#bitcoin #crypto #nextmove #bullmarket #bearmarket #sideways #breakdown #btcusd #dailyclosed #symmetricaltriangle
Short BitcoinShort Bitcoin Near 35500 Stoploss 40000 Target 25000
Study: Symmetrical Triangle Breakdown + Going to retest at breakdown area
Bearish sign in BitcoinA bear flag is going to be broken which will result in the fall down of BTC. Trade with caution with proper SL
SBIN looks bearish SBIN which at highest of the time, showing head and shoulder pattern. volume seem to be diminishing.
watch for the breakdown below 430.
Power of Symmetrical Triangle !ASAHIINDIA is forming symmetrical triangle pattern which is famous for giving breakout and breakdown both. If stock gives breakout from this pattern that it can be a good swing trade ( Also watch overall market sentiment). Also note that this chart analysis was done by me for educational purpose, feel free to share your feedback/queries.
