#banknifty reverse head & shoulder pattern #price action #follow for daily updates
HCLTECH has formed a symmetrical triangle and likely to give good momentum after the breakout. Keep it on your watchlist.
BEML could breakout anytime out of this triangle flag pattern. keep in radar for long entry in upcoming sessions.
AdaniEnt had a breakout on Hourly chart. round bottom pattern can be seen here.
Most probably breakout is possible, wait for conformation. If breakout fails go short.
A good bullish candle is formed at the bottom of the parallel channel indicating support. Besides, IndusInd bank has a history of taking support on 100EMA since September 2020 (7 months). Based on the same analysis, I gave an idea on 29 Jan too (past support day) and it worked like charm.
ICICI Bank Long Weekly closing 594 is above 20 and 50 day EMA RSI breakout price is at near trendline breakout can buy at CMP or wait for close above 600 Buy above 600 SL- 580 Target-635, 670 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Buy Level = 400-405 Stop Loss Level = 395-398 Target 1 = 425 Target 2 = 450 It can fill the gap but please book 50-60% profit at Target 1. Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.
SUBROS | Simple supply & demand play - Can see 35-40% CMP : 325 (Dip : 300) SL : 280 Target : 425 1:5+ risk reward setup
Simple Analysis For Monday . Nifty Touch 3 times 14879 level so there is strong resistance at this level. . You can buy CE when Nifty cross 14900 for the target of 15050. . There is a support at 14700 if its break downside . You can buy PE for the 14600. . Learn more Earn More.✌️
Breaking short term trend line resistance and having support at long tern horizontal line.
KEEP THIS IN RADAR the perfect example of technical analysis. learn to earn
Long term resistance breakout. Retest complete.
LONG AMBUJACEM TARGET - 350 S L - 260
LONG AUBANK - TARGET - 1500. S.L - 1100.
Good spiky volumes and bullish 2hr closing. SL: 324
V-GUARD is breaking out of a long-term resistance (2 years). closing above 260 looks good for entry with short to medium term view. Risk is a little more as the time frame is Weekly. Plan according to your risk appetite.
Entry above 156.5. Targets 168. Have a look at my other charts below. Feedback is always welcome. Thank you