Forming Reversal Chart pattern on Daily time frame - A reversal pattern in technical analysis is a chart pattern that indicates a potential change in the prevailing trend of a financial asset. These patterns suggest that an ongoing uptrend or downtrend is losing momentum and may be about to reverse direction. Traders and investors use reversal patterns to...
Weekly Technical Analysis of Gold MCX Futures : - As discuss in the previous week's Technical analysis, Gold is following a strong bullish price action, with good volume followed by breakout on daily chart. In last week our first 2 positional targets achieved. We are still into a bullish territory over the charts for gold.
As we can see NIFTY had been rejecting from 19500 level zone since last month making it weaker. Hence more retests of the given level could lead to breach of the level resulting in good fall. Till NIFTY secures our psychological level of 19500, we can still expect a strong RECOVERY in the first half so plan your trades accordingly.
Nifty has been taking support around the round figure number of 19500 and has formed a kind of tweezer top on the weekly charts. The market has been volatile and still confused in deciding the trend. It has closed below the 20 ema on the daily charts. There is an inside candle or a halt candle after a gap down opening. Market has been consolidating in a range...
In the Weekly Chart of JSWHL , we can see that, After breakout, it has retested and created a Hammer candle Enter on breaking Candle's High with low as SL. Hold till upper target. Expected momentum is shown in chart.
In the Weekly Chart of BLUEDART , we can see that, After strongest W pattern breakout, it has gone side ways. Now it has a Decision making candle. Enter on breaking its High with Low as SL. Possible momentums are shown in chart.
In the Weekly Chart of OAL , we can see that, it is at decision making point. Possible momentums are Shown in chart.
In the Weekly Chart of KOTAKBANK , we can see that, it has mad a bounce back from trendline. Possible momentums are shown in chart.
In the Weekly Chart of HEROMOTOCO , we can see that, it is same range since 4 weeks. Possible momentums are shown in chart.
Scalping position during US session. If it Tests and makes a Engulfing Bullish Candle. Take position. TP1 near 1980. BE+ SL to Entry. Will Enter this trade. Only for Educational Purpose. No Guarantee on Profit or Loss.
KOTAKBANK | Clear sight on the target ? CMP : 1765 SL : 1690 Target : 2000 1:2+ risk reward setup
NSE:BIOCON after a big fall has been able to create a HH and HL, this is an indication of an Uptrend. And the price has just reacted from a Trap Zone, hence expecting it to go up to 281 for now, which is approx. 9.44% Return on Investment.
As we had analysed in our previous post that we might see NIFTY heading towards 19500 levels which could act as a POTENTIAL SUPPORT and we can expect REVERSAL from here and we did see that but closed below our zone which shows our levels has been acting well hence we can expect NIFTY to reject and respect our levels before finally breaking out huge so plan your...
As we analysed in our previous analysis that NIFTY will remain bullish till it maintains itself above the trendline but it failed to take support and fell unidirectionally as analysed. Now that NIFTY has closed above our level, we can still expect a good fall till 19500 which is a psychological level and can act as a potential SUPPORT so plan your trades accordingly.
HUHTAMAKI | Channel breakout in Monthly time frame - Looks potential for 80-100% CMP : 312 (Dip : 280) SL : 240 Target : 500++
IXIC (Nasdaq) | To bottom out in 1-2 days CMP : 13070 Support (SL) : 12800
BESTAGRO | Potentially looking good for 35-40% CMP : 1163 SL : 1040 Target : 1650 1:4+ risk reward setup
ALICON | Channel pattern - Looks good for 25% CMP : 862 SL : 800 Target : 1080 1:3+ risk reward setup