GOLD is consolidating in a very important level and is expected to breakout/breakdown from this level, watch your positions carefully!!!
#hdfcbank heading south. it slid from the year long trendline channel post q1 results and then M pattern neckline broke off earlier to set loose the slide and now lost the Fibonacci 50 retracement level 61% also along with a below 40 rsi bearish momentum. Twice of double bottom could take the FII darling till 1360?
If you ask me, it looks bearish as it broke resistance and failed retest, then retested new resistance and now validated it and remains below 7330. Earnings are also in and the emotion is bearish. All levels in the chart. High OI at 7000. Once that is broken, we could see price drop fast. MFI pointing down. I would target 6850, and trail below. Would definitely...
Nifty View: A disappointing close from the benchmark Nifty index in today’s session - down 85 points to post a close at 15,734. This fall reverses the short term trend of the index DOWN and back to the support zone close to 15,650 which has so far worked well to hold up most sell-offs. Now, will it be able to hold up the index this time? My guess is as good as...
Pure price action-based video on what to do in dr reedy now?
Auto Sector M pattern neckline broken. is it heading to break the weekly one.?
In 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...
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...
#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.
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...
HCLTECH (4HR):- CMP 987.9, KEEP EYE ON BREAKOUT OR BREAKDOWN 1) Symmetrical Triangle Pattern 2) Wait for Volume :)
Trend line break & Retest wait for Confirmation , It's a Continuation down trend either Fake breakdown
Watch 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 !!
The 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
HINDUNILVR (15TF) :- CMP 2452 looks good for 2400 (Breakdown Trade)
Short Balkrishna Industries Near 2260-2270 Stoploss 2325 Target 2110 Trendline Breakdown and Retest Structure
The 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
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...