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Chart Patterns

Technical trading Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified. ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
Deep information for option trading When you trade options, you're essentially placing a bet on if a stock will decrease, increase or remain the same in value; how much it will deviate from its current price; and in what time those changes will occur. Based on those parameters, you can choose to enter into a contract to buy or sell a company's stock. Option trading gives the buyer the right but not the obligation to buy (call option) or sell (put option) a certain underlying asset at a predetermined price within a stipulated period. Options trading involves strategies that provide traders with various market positions to make gains or mitigate the spot market risk.
NSE:HDFCBANKEducation
by SkyTradingZone
3
Comprehensive Technical Analysis of IRFC Weekly Chart: TrendsTrend Analysis: Current Price: ₹145.42 (as shown on the chart). Trend Direction: The breakout from the descending wedge earlier suggests bullish momentum. However, the price has been consolidating in a sideways pattern recently, indicating indecision among traders. A strong support level is evident near ₹140–₹144. Support and Resistance Levels: Immediate Support: ₹144 (near Pivot Point and S1 zone). If the price breaks below ₹144, it could retest lower Fibonacci levels like ₹130–₹125 (S2 and S3). Resistance Levels: ₹153 (R1): If the price can cross this, further upward movement toward ₹160 (R2) and ₹180 (R3) is possible. MACD Insights: Current Status: MACD is below the signal line, suggesting bearish momentum in the short term. The histogram shows shrinking red bars, indicating weakening bearish momentum and potential for reversal. Possibilities: If the MACD crosses above the signal line, it would confirm bullish momentum. If bearish momentum persists, expect further price consolidation or a downward move. Volume and Momentum: The chart does not explicitly show volume bars, but momentum indicators (like MACD) suggest a slowdown in bearish pressure. Wedge Breakout and Potential Scenarios: Bullish Continuation: If ₹145–₹150 is held as support, the price may rally toward ₹160 and eventually ₹180 in the medium term. Bearish Breakdown: If ₹144 is breached, the price may revisit ₹130, a strong support level from previous consolidations. Sideways Consolidation: If momentum remains weak, the price could range between ₹144–₹153 for a few weeks.
NSE:IRFC
by TrueVithbyVishwanath
1
Can we bet on Hospital Stocks due to Surge HMPV Virus Cases?Introduction: HMPV Virus Cases are surging and market reacted wildly to the reports of fresh cases in India. Hence healthcare and hospital sectors are again coming under limelight. The India VIX, a measure of market fear, surged by 13% due to a broad sell-off in mid and small-cap stocks across all sectors. The Sensex declined by more than 1,200 points, reaching a daily low of 77,960, while the Nifty plummeted close to the 23,600 mark. Hospital stocks garnered investor interest following the government's confirmation of three cases of Human Metapneumovirus (HMPV)—two in Karnataka and one in Gujarat—amidst fears of a viral outbreak causing turmoil in China. About KMC Hospitals KMC Speciality Hospitals (India) is in the healthcare sector running, operating, maintaining multi-specialty hospital in Trichy. The company belongs to the Kauvery Hospitals group. The Company is primarily engaged in the business of rendering medical and healthcare services. Fundamentals: Market Cap: ₹ 1,297Cr.; Stock P/E: 50.0 (Ind. P/E: 58.09) 👎; ROCE: 21.7% 👍 ; ROE: 23.6% 👍; 3 Years Sales Growth: 20% 👍; 3 Years Profit Growth: 34% 👍; Technicals: The stock has given a strong breakout for the last 6 sessions by taking strong support around 75 levels. RSI (56.24) is indicating price strength. 20 EMA (Black Line) is trading below 50 EMA (Orange Line). To confirm the bullish trend 20 EMA has to get past 50 EMA and 100 EMA (Sky Blue Line) in the daily charts. Resistance levels: 84, 92, 95 Support levels: 75, 71
BSE:KMCSHILLong
by shanmurali
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Resistance Breakout in KIOCL BUY TODAY SELL TOMORROW for 5%
NSE:KIOCL
by Kapil-Mittal
3
Nifty 50 Analysis: Key Levels and Trends for January 2025The Nifty 50 Index has experienced notable downward momentum recently, currently trading at 23,581, marking a 1.77% decline. Here’s a breakdown of the technical outlook: Channel Trends Descending Channel: The index is trading within a downward sloping channel (blue). It has respected both the upper and lower trendlines, suggesting the bearish trend remains intact for now. Broader Structure: The yellow trendlines highlight the long-term rising channel. Nifty remains well above the lower support of this broader channel, indicating a potential cushion if the selloff deepens. Key Fibonacci Levels The Fibonacci retracement and extensions indicate critical zones: 1.618 Level: 23,112, acting as immediate support. 3.618 Extension: 22,444, a deeper bearish target in case of further selloff. Support and Resistance Immediate Resistance: 24,791 (upper channel boundary). Critical Supports: 23,112 (1.618 extension). 22,444 (long-term support). Volume Analysis Significant volume spikes are observed during major selloffs, suggesting heightened institutional activity. A continuation of higher volume at lower prices may signal capitulation or accumulation. Outlook Bearish Continuation: As long as Nifty trades within the descending channel, expect further downside with supports at 23,112 and 22,444. Bullish Recovery: A breakout above 24,791 may signal a reversal, leading to potential upside targets near 26,000.
NSE:NIFTYShort
by ayusharya_001
IREDA Levels IREDA is currently trading at 230.55, and I am anticipating a bullish price movement. My initial target is 240.00, aligning with a significant previous quarter's high, which could act as a liquidity pool where buy-side orders may rest. A move to this level would suggest the market is efficiently drawing liquidity upward. My final target is 310.00, corresponding to the previous year's highs, representing a larger liquidity draw. Observing how price trades through these levels can provide insight into the market's delivery process and the institutional order flow. #IREDA
NSE:IREDALong
by EmpireCrown
Bitcoin Bybit chart analysis December 31 Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is the Nasdaq 30-minute chart. There is no indicator announcement today, and unlike yesterday, the 30-minute chart is touching the resistance line. The purple finger section 1 at the top is the best short entry point for today. I proceeded with a strategy of moving up to the 4 + 6 + 12 center line without adjustment. If I'm lucky, the 4 + 6 + 12 MACD golden cross might be there. Since yesterday was a sudden plunge without a short entry point, I proceeded aggressively from the opposite perspective, and I'll apply it to Bitcoin as it is. This is the Bitcoin 30-minute chart. Looking at the current movement, As expected, it doesn't seem to have fallen that much yesterday. First of all, I judged that there will be no crash in Nasdaq today. At the very least, it would be good if it moves sideways. Also, it has touched the 4-hour and 6-hour central lines of the Bollinger Band, which can be a resistance line, and during a short-term upward trend, the 4+6+12 MACD golden cross is in order. On the other hand, Tether Dominance requires a vertical decline, but instead, since the 30-minute candle is a long bullish candle, I played a short and thick game. I cut my loss sharply, * When the red finger moves, One-way long position + chase buying strategy. 1. 93,563 dollars long position entry point / stop loss price when green support line is broken 2. 96,241.5 dollars long position 1st target -> Good -> Great -> Miracle Target price in that order. As you can see, I chased and bought during the long negative candlestick, and I made a bet here, not blindly, but in comparison with Tether dominance. If it breaks the green support line today, it will be dangerous. I think it would be good to think of the bottom as a safe rising section. That's it.... Please use my analysis for reference and use only and don't forget the essentials of principle trading and stop loss price... You've worked so hard this year, and I hope you all stay healthy and rich next year. Happy New Year to everyone. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
Nifty 50: Key Levels to Watch for Tomorrow’s Trading SessionNifty 50 Index Analysis Timeframe: 15-Minute Chart Current Price: ₹23,990.15 Key Levels to Watch: Resistance Zone: Immediate resistance at ₹24,046. Targets are ₹24,148 (1st Target), ₹24,208 (2nd Target), and ₹24,309 (3rd Target). Support Zone: Immediate support at ₹23,927. A break below this level could lead to ₹23,788. Bullish Scenario: Buy above ₹24,046 with potential targets of ₹24,148, ₹24,208, and ₹24,309. The trendline and support zone near ₹23,927 provide a solid base for bullish momentum. Bearish Scenario: Sell below ₹23,927, targeting ₹23,788. A breakdown below the support zone and trendline could trigger bearish momentum. Indicators: RSI is showing weakness near 38, indicating a need for caution in the short term. MACD has a bearish crossover, signaling possible downside unless momentum strengthens. Conclusion: Watch for a breakout above ₹24,046 for bullish opportunities. Stay cautious below ₹23,927 as it may lead to further downside. Always plan trades with proper stop-losses to manage risk effectively. Disclaimer: - Please always do your own analysis or consult with your financial advisor before taking any kind of trades. If you found this analysis insightful, don’t forget to hit like and follow for more such content! For related trading ideas and educational posts, check out our profile @TraderRahulPal Let’s learn and grow together!
NSE:NIFTY
by TraderRahulPal
4