NSE: IRCTC is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 10% to 15% gain on...
As we can see NIFTY rallied over 300++ points after the breakout of inverted head and shoulders pattern and got rejected exactly from our trendline now until the trendline is breached above we are bearish and expected to remain sideways to negative so plan your trades accordingly.
price broke out of a triple bottom and now the price is retesting the 200EMA sharp reversal from 200 day EMA can accumulate stocks for decent gains .
In the Weekly Chart of SFL , we can see that, it has created a Halt candle at very bottom. we have a opportunity to buy at bottom with RSI less than 30. Enter on breaking its High with Low as SL.
In the Weekly Chart of BATAINDIA , we can see that, after the breakdown of Trendline, much of selling has not happened. We might a bull momentum from here. Expected momentum is shown in chart.
In the Weekly Chart of CROMPTON, we can see that, it can turn Bullish from here. Enter at 273 with SL as 263. Expected momentum is shown in chart.
In the Weekly Chart of AUBANK , we can see that, it has created a Halt Candle on support. Enter on Halt Candle's high with Low as SL.
In the Weekly Chart of NYKAA , we can see that, after W breakout, it has taken a halt and now it is ready for up move. Enter on Halt Candle's high with Low as SL.
Two resistances were identified based on 50% retracement and pivot high
NSE: BAJAJFINSV is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 11% to 16% gain on...
falling wedge pattern pattern for educational purpose only
NSE: METROPOLIS is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 10% to 15% gain on...
For last few trading sessions, market is volatile and is taking the stop losses. Today also the market remained in a range and closed below the daily 20 ema. There is a rejection from the levels and an inverted hammer is formed on the daily charts. If there is a gap up to flat opening and market starts trading below today's low, it can test the lower support...
NSE: RADICO is closing with a bullish momentum candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving with bullish momentum for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital...
As we can see BANKNIFTY after taking support recovered almost 1000 points, now it can be seen trading in a crucial zone as this zone has been acting as a strong inflexion zone ever since. Hence if BANKNIFTY opens strong then we might see another strong rally above but will remain sideways to negative in this zone so plan your trades accordingly.
Apart from BPCL, IOC is also given a multiyear breakout and has taken support at the same level and formed a kind of hammer candlestick pattern in the weekly timeframe.
Angel One had given a good rally after its IPO and after reaching a certain level, profit booking can be seen in it but if you look at it in a weekly timeframe and draw Fibonacci then you can see that it is taking support at 0.61 and also form a hammer candlestick pattern.