Chart patterns
HDFC Bank (Hourly) - Inverted Head & Shoulders Chart Pattern HDFC Bank (Hourly)
Chart Pattern - Inverted Head & Shoulders
Target - 1610 (Depth of the head)
Seems to have retested the neckline after the breakout
Has entered the 3rd wave in hourly and 5th wave in daily
RSI is above 60 and the stochastic 14,3,3 is in positive crossover
Bollinger band is challenged on the upper end
+DI is above the -DI in Directional Movement Index (DMI) with ADX above 15
All indicators / oscillators are positive in hourly and daily time frame
On weekly timeframe, thought the MACD is downtick but we have an early buy signal of stochastic 5,3,3 being in positive crossover
Kotak Mahindra Bank - Head & Shoulders Neckline Breakdown Kotak Mahindra - Daily
Chart Pattern - Head & Shoulders
Neckline breakdown
Lower bollinger band is challenged and the price candle is extending below it
MACD below the zero line of the histogram
Solid red bars below the zero line in the histogram
RSI is below 40 and in oversold zone
Stochastic is in negative crossover state
ADX is above 15 with -DI > +DI
5 EMA < 13 EMA
Even the weekly chart has indicators and oscillators indicating price is poised to go down
VEDANTA Daily Chart Analysis 04.12.2021TO AKSHAY DHULE14 Sir,
Thanks for your message and as far as Vedanta is in a consolidation zone for last few days and it has a support at 332 and 324 if it breaks the consolidation zone of 334 level. And as per weekly chart the stock looks weak for a fall. So trade carefully. According to me market invariably indecisive and at this time avoid futures and options until market turns bullish.
TIPS INDUSTRIES | Cup & Handle PatternNSE:TIPSINDLTD
Swing / Positional Trade
(Passed All My Technical Analysis / Fundamental Analysis Check's)
Entry / Exit - This Time What Suits You According to the setup. :: (Risk Must Be Managed.)
Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market.
FOLLOW 🤝 | LIKE 👍 | COMMENT ✍
--------------Any Suggestions--------------
Warning - This Stock is in T2T Surveillance Category, You Will Only Able to sell it after 3 Trading Days. Enter At Your OWN Risk
CDSL | Volatility Contraction PatternNSE:CDSL
Swing / Positional Trade
(Passed All My Technical Analysis / Fundamental Analysis Check's)
Entry / Exit - This Time What Suits You According to the setup. :: (Risk Must Be Managed.)
Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market.
FOLLOW 🤝 | LIKE 👍 | COMMENT ✍
--------------Any Suggestions--------------
GBPUSD keeps bounce off 1.3270 key support, bears in chargeGBPUSD struggles to defend 1.3270 support convergence, comprising a descending trend line from late July and 61.8% Fibonacci retracement (Fibo.) level of September 2020 to June 2021 upside. Even so, nearly oversold RSI conditions hint at a corrective pullback towards a short-term resistance line near 1.3375, a break of which will challenge the 20-DMA hurdle surrounding 1.3430. In a case where the cable rises past 1.3430 resistance, July’s low of 1.3570 and November 9 swing high near 1.3610 will be important to watch for further direction.
Meanwhile, GBPUSD bears will have a tough task breaking the 1.3270 support but following that a 100-pip fall towards October 2020 peak near 1.3175 can’t be ruled out. During the pair’s weakness below 1.3175, December 2020 trough and 78.6% Fibo. level, respectively near 1.3130 and the 1.3000 psychological magnet will be in focus. To sum up, GBPUSD sellers remain in command but 1.3270 offers a near-term key question to answer.
Tata Motors - Daily Chart Analysis - 23.11.2021Tata Motors as per the chart patten analysis is in brief consolidation and once the resistance 525 level is broken then target 550 is achievable. So far the stock had tried to break this level twice and there might be a third attempt and if it sustains above 525 level then its a consolidation break out or it might retrace and in the 4th attempt it can break. More the stock consolidates and tries to hit the resistance level the more the chances the stock will touch 600 level too. Iam already holding the stocks and wish you all a very happy trading.