The idea is based on the Elliott Wave Theory. A potential ending diagonal suggests a reversal of the trend. In this case, we can see some more upside near to 4500 level, followed by a bearish correction/impulse.
bse downtrend will continue
as it seems to be in zig zag correction
downfall came in five , sharp upmove came in 3 steps
now again down trend continuing possible five wave formation may form ,
let's wait and watch
it is an analysis , not a trading advice trade with your due diligence.
All indicators or previous chart history showing upward movement of YES Bank BSE
This is buy trade setup and valid for next 3 months...
All analysis is based on historical data and some calculations based on RSI indicator...
So, do your own research before trading this stock...
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BSE Ltd. is a quality stock as it offers the holders promising fundamentals & the dividend payout is also good.
Possibility of Upside in sight if trend breaks the wedge. Good stock for long position.
Technical: Falling Wedge
Time Frame: 12-16 months
📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
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BSE has made hammer candle in weekly TF, 540-553 will be great place to initiate long trade which will provide low risk and high reward setup. Also on daily TF RSI is about to give breakout from its falling trend line(on day TF, connect trend line from high's of 8th Sept,27th oct, 4th Nov, 25th Nov).
1) Enter once price close above 587, targets 1) 642...
Dixon technologies stock is making inverted head and shoulder pattern on weekly chart. Closing above 4600 with good volumes and RSI above 60, can be taken as a good opportunity for taking long side trade .
On weekly charts, Nifty was not able to give a proper candle close above 17900 levels on last three rejections but able sustained above it this week with a strong candle close. It has also given a breakout on trendline or channel type of pattern which is respected for long time.
Can initiate a Trade for upside when 18150 levels is taken out in 15min charts with...
Bank nifty is in range from last two weeks. Its most to be break upside and can be directional till 42000 levels.
Can initiate a trade for upside after it starts to trade above 41550-600. Immediate target for upside will be 42000 levels.
It is preferred to trade with full quantity for upside as it favors the trend.
For Downside, 41000 levels need to broken...
Market Is Trading In Range So If The Market Break Suppy Zone Or we Can Say Resistance Zone Then a Big Upside Momentem Can Be Possible & If The Market Breaks Demand Or Support Zone Then a Selling Momentem Can Be Possible.