on 15 min tf , sunpharma is forming a flag....these type of charts usually gives a good move on the upside
but this can be also traded on the downside if the price breaks the trendline downside
wait for retest
keep a target of 0.8 or 1% of the stock......
We see a pattern within a pattern here.
A low vol flat 1mth base within rounding bottom pattern.
Broke out conclusively with volume. Good swing opportunity.
Gold , Before last week, I just named a structure as Umbrella pattern, and it went really bearish with super sell signal,
again i marked out today in a 1HR chart with a Small umbrella, which provides a foundation for a bearish move..
XAUUSD may look to go around 1770 - 60 area this week.. let see..
Analysis only for education purpose..
Godrej properties - Price is consolidating and trading inside a bullish rectangle after a good impulsive move.
Price rallied from 575 to 900+ in an impulsive move in June 2020, took resistance at 0.618% retracement level. The price is hovering between 850 to 950 range for the last 3 moths.
A clear breakout is awaited above 965 to take a long entry.
Sl should...
Since, it didnt breach its support and formed a good bullish candle after a week consolidation, will look for now a buy opportunity if sustained above PDH (Previous day high)
Nifty moving in a narrowing wedge since March end, i.e. after the Feb-Mar correction.
Within the wedge, there is a channel n control line drawn, 11280, 11471 and 11710 can be expected if it keeps following the trend.
11090 and 11012 are supports within the channel, a big down move may come if it breaks the support line of wedge.
10909 and 10712 are the...
Asian Paint Symmetrical triangle breakout or breakdown either side with targets, T1 T2 & T3 for both sides.Once Price action moves in any direction follow strict SL with one's risk appetite.Above posted chart is for educational purpose, as i am not SEBI registered analyst consult your financial advisor before taking any position.
Hi traders ,
One of my followers yesterday requested me to put some light on ITC , here this analysis for him and many more who are the part of this scrip or want to be. I circled an evening star pattern in white see this is tested by red long shooting star on red resistance. Clearly shows this pattern is active and you can see the effect...
Bullish pennant in an uptrend. Awaiting breakout.
After a month-long rally from 19 April 2020 to 15 March 2020, Bharti Airtel taking an 8-day breather and likely to continue higher.
Pennants look very much like a symmetrical triangle but are typically smaller in size, ( volatility ) and duration.
The weekly charts displays inv head & shoulder marked in green, while the daily charts displays a topping h&s marked in red. Any one pattern needs to be negated. While RSI is into bullish zone, any retracement can be utilized for getting into position in the stock. While the MACD is bullish on daily as well as weekly time frames. It will be a good watch in the...
1. ENTRY : Closing Above 1126.70 ( Closing above the Neckline )
2. Minimum Price Target : 1350 ( Adding the difference between highest high made and lowest low during the formation to The Neckline )
3. Stop loss : 900 (Usually, price closing below the second bottom is a stop-loss.)
Only Problem While treading Double Bottom is it's having a 1:1 Risk...
NSE:NIFTY
After breaking channel Nifty retraced to 23% from all time high.
Today it created inverted hammer pattern which is a bearish reversal pattern.
Also there is considerable position in 11500 PUT so if Nifty starts trading above 510 one can go long.
