ICICI bank is trading at its all time high levels. Formed a very good cup and handle pattern recently and closed at high of the day in last trading session.
Cup and handle pattern is a bullish price formation.
Four stages of pattern formation as originally described by its founder, William O'Neil, are described below:
1) Previous uptrend taking a stock to a new...
Are you confused still?
this weekly chart presents a vivid description
of the whole on going wave counts.
we are up in three waves then we had a pull back in wave 4
which is 38.5 percent of wave 3.
Incidentally we had a pull back in wave 2 which was around 61.8 percent of wave 1.
Only we are waiting for the on going wave 5 to take out the high of wave 3
Coz only 3...
On there occasion I had expressed my view at the week ends.
This time on 23/07/2021 It appears down trend of bank nifty has been arrested.
On 20 th July it made a low of 34357,Twice it attempted to break that low
on both occasion it failed to do so.
Pitch fork it self depicts the trend reversal.
Bank nifty has fallen all the way from uml (upper median line) to...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ITC uptrend reversal and RSI breakout on daily chart.
One repetative pattern found
In every 69bars price touch from lower trend line to upper trend line
and increase in price of Rs-74.
if it follow same pattern it will touch Rs:270+ by october end with stoploss of 190.
Its my personal observation do investment after consulting your financial...
Just normal video for you guys on your demand: Here we analyze the stocks given by you guys, you can put your stock in the comment section or DM me on the trading view platform :) I hope you like the content
Dear All, As Zomato was listed on Friday and we have only 1 Day chart on this. Here I have discussed a simple trick to trade Zomato for coming days.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Close above purple line can add momentum.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Hi Guys,
Please find our analysis for ITC Ltd!!!
Script has strong resistance at 220 and Trendline will act as the resistance too.
Now the script has braked out the triangle pattern.
Trend was reversed from downtrend to Uptrend as weekly chart was formed Higher Highs and Lower Lows refer the screen shot:
Confluence...
Midterm forecast:
While the price is above the support of 1744.50, a resumption of an uptrend is expected.
We make sure when the resistance at 1916.50 breaks.
If the support at 1744.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades if the Midterm level 1744.50 is broken.
Technical analysis:
A peak...
Major resistance at 34700 - 35000 USDT and also previous highs... Last trend break it fell 1700 USDT. RSI almost reached overbought in 4H.
RSI broke its daily downtrend since January. It is a good sign for Bulls.
NIFTYIT/NIFTY ratio chart has been trading in a range for the last 9 months since Sep'20, as shown in the rectangle pattern. The chart is breaching the top trend line of the pattern with momentum.
RSI, the momentum indicator, never reached oversold conditions at the two times the ratio touched the bottom of the rectangle, indicating strength. The RSI is also well...
TEJASNET daily: Looks good for more upside at CMP
1) Pennant Pattern BO
2) Optical and data networking products company
A pennant is a type of continuation pattern formed when there is a large movement in a security, followed by a consolidation period followed by a breakout movement in the same direction as the initial large movement.
The initial move is met...
