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Chart Patterns

Nifty - Market Sentiment Cycle on Actual ChartThere are 14 stages of market sentiment cycle, the 2 stages which are the most interesting and which every seasoned trader tries to identify are Euphoria and Despondency / Depression. Euphoria stage - This is the point of maximum financial risk Despondency / Depression - Point of maximum financial opportunity Have tried to plot the best estimate to understand where are we currently in the market sentiment cycle. Markets are completely unpredictable and the shared chart is only for an understanding to try and plot the sentiment cycle in real-world scenario
NSE:NIFTYEducation
by Imran_I_Ahmed
5
BUDGET 2024: Technical Outlook & Money Flow in Different SectorsNSE IT SECTORS NSE:CNXIT TREND: POSITIVE India IT sector is currently on an upward trend. After a bullish Pole & Flag pattern was spotted on the chart, a breakout occurred leading to a surge in index and the formation of a bullish Pennant pattern. Encountering resistance at the 38,600 level, the IT index underwent a correction and consolidation phase. During this consolidation, a Rounding Bottom pattern emerged, suggesting a potential continuation of the trend. Since the breakout, the index has successfully maintained levels above the breakout point and is steadily climbing higher. NSE FMCG SECTORS NSE:CNXFMCG TREND: POSITIVE The chart shows a strong uptrend. In the past, there was a bullish Pole & Flag pattern formation, resulting in a surge after the breakout. The index faced significant resistance at 58,000, causing a correction and consolidation. A Cup & Handle pattern appeared emerged in the chart, suggesting a potential continuation of the trend. The recent breakout in the cup & handle pattern suggests that the FMCG index has managed to stay above the breakout level and is gradually moving higher. NSE METAL SECTORS NSE:CNXMETAL TREND: NEGATIVE The metal industry underwent a period of consolidation time and again in the past. Reaching a peak near the 10,200 level, the metal index consolidated again, and a recent breakdown suggests a potential downward movement. Looking at the downside, the 8,800 level could serve as a solid support, leading to a possible rebound in the index. NSE MEDIA SECTOR NSE:CNXMEDIA TREND: NEGATIVE A bullish Ascending Triangle pattern was visible in the chart earlier. Instead of breaking upwards, the index experienced a breakdown, marked by a powerful bearish marubozu candle. Furthermore, the support level was breached, leading to a notable decline. The index eventually found support and traded within a box pattern. Following the breakout, the index rallied but encountered resistance at the former support level, now acting as a resistance post-breakdown. It is anticipated that the Media index will continue to decline and potentially find support around the 1,750 level.
NSE:CNXITEducation
by GoodluckCapital
DIVISLAB and ONGC showing high rise in Future OIDIVISLAB The price has been consolidating in a narrow range for more than a year. Recently, the price successfully surpassed its resistance level. Since the breakout, the price has maintained above the breakout point and is steadily increasing. The current RSI is above 60, suggesting strong buying pressure. ONGC Before, the price was rising steadily, pushing the highs and lows higher. Since March’24, the price has entered a consolidation phase, and an ascending triangle pattern has been established. A breakout with significant volume has occurred recently. The RSI is currently above 60, indicating strong buying pressure.
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NSE:DIVISLABEducation
by GoodluckCapital
2
BBTC: Keep an eye on this multiyear breakout stock(1) The price at the 2050 level was strongly rejected in the past, leading to an 63% decrease. (2) Eventually, the price found support near 690 and began to rise. (3) However, it was rejected again near 1570 and fell. (4) The price surged after a notable increase, breaking through its trendline resistance and carrying on with its upward momentum. (5) At long last, after nearly half a decade, the price managed to shatter its resistance barrier and hold its ground above it.
NSE:BBTCEducation
by GoodluckCapital
Glrnmark Pharma's upward trend is notable. Can it be maintained?(1) Before, the price was strongly rejected around the 1250 level. (2) Then, the price dropped by about 85%. (3) Later on, the price found support near the 165 level and began to rise. (4) However, the price was rejected again around the 690 level and dropped. (5) After a significant increase, the price finally broke the neckline of the Double Bottom pattern and continued to rise. (6) Finally, after nearly 9 years, the price successfully broke through its resistance zone and maintained its position above it.
NSE:GLENMARKEducation
by GoodluckCapital
IEX - entering Stage-2 after long accumulation- trade/investmentThe analysis is done on Weekly TF. The purpose of sharing this analysis is to make viewers understand the stage concept Legendary Trader - Stan Weinstein has introduced this concept of Stage analysis of a stock. A stock goes through 4 stages in its lifetime and the cycle repeats. The stock has been in accumulation phase for past 2 years almost and now seems to be coming out of its stage-1 and entering into Stage-2 A stock moves fastest in its stage-2 and hence a stock entering stage-2 should always be on our radar for opportunities if we want to make good money. This concept of Stage analysis has been used by many traders/investors like Mark Minervini and others. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:IEXEducation
by TradewithAditya
2
chart patterns Please find different types of chart patterns 1. Pole and flag chart pattern - it is a continuation chart pattern. In uptrend when prices when up upto level then prices got consolidation for some time and again shoot up further. Similarly in downtrend as well. 2. Cup and handle chart pattern - it is a bullish chart pattern. It takes time to form in shape of a cup and its handle. Handle vertical length should be less than half of depth of cup. It is also called multibagger pattern as it gives multiple targets and each target is equal to depth of cup.
NSE:SUNPHARMAEducation
by hemantjantora
CHART PATTERNBearish reversal patterns double top pattern - prices go to almost same level twice and fall back and if support at base of pattern is broken by reasonable volume, it downs further. head and shoulder pattern - 2 shoulders and 1 head. here level of head should be higher than both shoulders. although level of both shoulders may not be equal and it is accepted. lows which are formed both sides of head are important levels and draw a ray connecting these two points and if price fall below this line with support of good volume, direction of stock price may change from uptrend to downtrend.
NSE:KOTAKBANKEducation
by hemantjantora
TVS MOTOR INV HEAD & SHOULDER BREAKOUT & RETEST STRATEGY TVS MOTOR CO 1. Inv Head & Shoulder Pattern 2. Breakout & retest strategy 3. Close within 52W high zone (2313.45) 4. Close above the previous day's high (2238.80) 5. High increase in 1 month (+9.6%) 6. High increase in 12 months (+72.3%) 7. Promoter holding 50.27 % 8. Pledged percentage 0.00 % 9. Change in Prom Hold 0.00% 10. FII holding 20.8 % 11. Chg in FII Hold 1.56 % 12. DII holding 20.3% 13. Chg in DII Hold -1.53% 14. Stock PE 63.4 15. Industry PE 63.4 16. ROCE 18.8% 17. ROE 27.4% For Educational Purpose Only
NSE:TVSMOTOREducation
by Sachin_Lokchandani
1
Linear Vs Logarithmic Chart. Which one to use ?NSE:ADANIENT Hello, Traders! 👋 I hope you’re all having a fantastic weekend! 🌟 Whether you’re sipping coffee, analyzing charts, or just enjoying some downtime, let’s make it even more productive. 📈💡 In today’s educational post, we’ll explore a concept that might have slipped under your radar or left you slightly puzzled. No worries—I’m here to shed light on it! Understanding Linear vs. Logarithmic Charts 🔹When it comes to visualizing data, two chart types stand out: linear charts and logarithmic charts. These seemingly simple charts can reveal powerful insights about trends, growth rates, and relative changes. Buckle up—we’re about to explore their differences and use cases! 📊🚀 What is a Linear chart? 🔹The Price plotted on a graph which we call charts, the price on the Y-axis shown will be consistent and uniformly scaled, which shows more significance to recent price action over old price action. 🔹Linear charts are great for showing absolute changes when each price has similar increments. 🔹Linear charts are easy to understand and you are already using them. What is Logarithmic Chart (Log Scale): 🔹A logarithmic chart, or log scale, depicts percentage changes, giving a more accurate view of relative movements. 🔹Logarithmic charts are especially useful when analyzing Long-term price data. They can show proportional relationships and percentage changes more effectively. 🔹As time goes by, the difference between linear and logarithmic charts becomes more pronounced. Log scales are often preferred for their accuracy. On this difference table, you can easily understand the uses and benefits of logarthmic charts. How to switch to a logarithmic chart? Just right right-click on the Price scale on the Tradingview chart and you will find log chart. or you can just hover your cursor at the bottom of the price scale you will see A and L (A - means arithmetic and L- Logarithmic). Note:- On short-term or recent price action these charts will not make any big difference but surely they impact longer-term data. Feel free to explore both chart types and choose the one that suits your analysis best! 📊🔍 If you’d like more examples or have other questions, just ask—I’m here to help! 😊🚀 Keep Learning, Happy Trading.
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NSE:ADANIENTEducation
by SANJAYPATIDAR_
16
RELIANCE- Big Elephant of NIFTY forms Descending TriangleAnalyzing the Descending Triangle Pattern on RELIANCE Daily Charts Introduction: In the world of technical analysis, patterns often provide valuable insights into potential market movements. One such pattern that has caught the attention of traders is the descending triangle forming on the Reliance Industries Limited (RIL) daily charts. Let's delve into this pattern and explore what it could mean for RIL's future price action. Understanding the Descending Triangle Pattern: The descending triangle is a bearish continuation pattern characterized by a horizontal support line and a descending trendline. In this pattern, the price forms lower highs, indicating a potential weakening of bullish momentum. Meanwhile, the support line remains relatively flat, signaling a level at which buying pressure may be concentrated. Analyzing RIL's Descending Triangle: On RIL's daily charts, we can observe the formation of this pattern, with the stock consistently making lower highs since a recent peak. The horizontal support line is evident, showcasing a level at which buyers have historically stepped in. Implications for Traders: 1. Bearish Bias: The descending triangle typically suggests a bearish bias, indicating that sellers may gain control as the pattern progresses. 2. Breakout Potential: Traders often look for a breakout below the support line as a confirmation of the pattern. A decisive move below this level could signal further downside. 3. Volume Confirmation: Volume plays a crucial role in confirming pattern validity. Traders should monitor volume trends, especially during a potential breakout. Key Levels to Watch: - Support: Keep a close eye on the support level of the descending triangle. A break below this level could signal further downside pressure. - Resistance: The descending trendline acts as a resistance level. A break above this line may invalidate the pattern. Risk Management: As with any trading strategy, risk management is paramount. Traders should consider implementing stop-loss orders and position sizing strategies to protect against unexpected price movements. Conclusion: The descending triangle pattern forming on RIL's daily charts presents an interesting opportunity for traders to monitor. While patterns provide valuable insights, it's essential to wait for confirmation signals such as a breakout with increased volume before making trading decisions. Keeping risk management in mind can help traders navigate potential opportunities while minimizing downside risks. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Traders should conduct their own research and consider their risk tolerance before making any trading decisions.
NSE:RELIANCEEducation
by HappynessPro
SPARC - BO FAIL, IMPORTANT RISK MANAGEMENT LESSONHello Community, today i will talk about the importance of risk management in stock market, why its important to respect risk in stock market with proper stoploss method you should have as per your risk apetite with example. We have talked much about the BO stocks which had made good money for us but still in market there are lot many examples where good BO got failed at later stage. I was looking at the chart of sparc which i traded before as a 52 WEEK BO but since after my entry it stalked a little bit so i booked my profit as i got other opportunity to make money and keep the alerts at BO points to reenter later. Now to day while scanning my multiyear bo watchlist i saw that a BO Faliure with gaps in the chart at weekly time frame. Rest details are on chart. That's why i say everytime profit booking is also very improtant at every level, you can always reenter in any stocks becoz booking profit is better than the looking profit. Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get best result always wait for confirmation. Focus on Risk Management and Position sizing. I use Trading view for my Analysis and charts Repositories. I could have Or Couldn’t have positions in Sharing Ideas. Treat trading like a business and it will pay you like a business…..!! Hope this post is helpful to community Thanks RastogiG
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NSE:SPARCEducation
by RastogiG
12