📊 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.
Ambuja cement 1Dtf breakdown from a beautiful trendline with six previous supports Bearish in both 1htf and 1dtf
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...
1 . hindalco forming bearish patterns 2. head& shoulder pattern formed 3. inverse flag 4. abcd may happen in harmonics 5. with strict sl one can go short
Chart patterns look good for a short trade in Reliance industries REASONS 1. RELIANCE has been trading inside an Ascending Channel and currently it is down under its Downswing move inside the channel 2. There is a Monthly breakdown (shown in chart) out of a 5 year old trendline support Monthly timeframe chart below - 3. In weekly chart shown below, ...
Chart Patterns look good for a short trade REASONS 1. In Weekly timeframe, Ashokleyland broke out of the Ascending channel on sep 2022 & Right now it formed a Bearish Pennant pattern and Gave breakdown for that too!!!(SHOWN BELOW) 2. In daily time frame, it is moving alike Inverted cup& Handle pattern(shown below) 3. In 2hr timeframe, it is...
TCS had formed a perfect head and shoulder pattern on weekly chart which was nicely broken down and had finally reached the target
AXIS BANK BIG STRONG BREAKDOWN MAY BE DUE TO RESULTS,AS per our technical analysis short if it crosses breakdown candle low below on tuesday with minimum 1:2 take profit
Breakdown not sooo solid buy small sl can short when it crosses low below the breakout candle on tuesday with 1:2 minimum take profit
infosys had formed DOUBLE TOP in the last few weeks and had finally broken it and reached the target The double top was formed alongwith the wedge pattern which was earlier mentioned
SELL CROMPTON on low break of breakoput candle with minimum 1:2