head and shoulder formation in cipla this stock has been delivering very poor bullish momentum and surprising it have formed a bearish head and shoulder NSE:CIPLA
Chartpattren
EURJPY, 2H Supply and Demand setup EURJPY 2H Chart analysis base on SUPPLY AND DEMAND setup with bearish ENGULFING Candle. The triple confirmation, then open SELL ENTRY stop loss 590 pips and take profit 194 pips.
TP-1 143.250
TP-2 142.060
GBPAUD, Triple Top PatternGBPAUD starts lower lower trend. Triple Top Pattern creates with RSI Divergence and breakout structure, After that I Open SHORT ENTRY.
XAUUSD, 2HXAUUSD oversold RSI and support in Fibonacci level 0.382 with buying pressure.
Entry 1775.060
Stop Loss 1803.039
Take Profit 1803.039
IEX is about to complete it's correctionIndian energy exchange is now about to complete it's correction ,it is doing a double correction in major wave IV, fifth to the upside is still due. We can expect correction to complete near 124.85-125.85 and then final V wave target will be 407.
And I'm expecting fifth to be extended because normal projection limit of wave V are 0.382 & 0.618 but as you can see these levels are already under wave III so wave V will be an extended wave.
GBPAUD Short SetupGBPAUD Short tram BEARISH Trend with multiple confirmed, then open SHORT TRADE. The first target 1.79269.
AMBUJACEM CUP&HANDLEAMBUJACEM making C&H pattern on daily time frame.
Long only after closing of daily candle above resistance zone.
Trade as per your setup and price action.
CASH ACCUMULATION, WATCHOUTJSW STEEL gave breakout of symmetrical triangle on daily time frame and re tested the level also, there are 3 targets for JSW for 5-6 months.
trade as per your setup and price action.
BHELNSE:BHEL trying to break abv bullish pennant. Stock can give some bullish momentum abv 76.5
Towards Higher end of Trend channel.
Sigachi Industries H&S Chart PatternHead and shoulder chart pattern formation is done in Sigachi Industries.
Waiting for closing above neckline/confirmation line.
Thanks for watching video.
GRASIM CASe studyGrasim spot cmp 1750 levels
cup and handle pattern formation, where breakout can be confirmed above levels of 1835 , need 2 consecutive daily close above levels for confirmation
symmetrical triangle pattern formation, where counter have resistance zone around 1790-1825 levels and support zone around 1690-1720 levels.
decisive breakout on any side would lead to a move of 8-10% on either side.
pre assumption of harmonic pattern formation. if the formation goes according to ploting, counter would give sharp retracement to levels of 1450-1500 levels,
elliot wave suggest counter is trading in 5th wave of motive phase, now as there are cofluence of resistance around 1790-1830 levels wave 5 can be trucated in nature and soon the motive phase might come to end, now if happens so motive phase would lead counter to good retracement levels,,
time to book you long position on every rally, now investment should be considered only above levels of 1835 on 2 consecutive close,
Bulls need to be cautious at current juncture.
NIFTY50 INDEX HEADING TOWARDS ALL TIME HIGHNIFTY50 Index is range bound ( in range of 18000-18180 ) since 1-11-22. Eight trading sessions are gone. Index does not break the range. I drew a parallel lines for defining range. If, market showing upward trading in upcoming session, it will create double bottom and index will touch all time high in near future.
However, If Index breaks 17900 on closing basis, then market will be in bearish mode. It is very unlikely scenario.
First, we will discuss factors enabling bullish scenario.
1. Nifty50 stood at PE of 21.53 as on 10-11-22. It's showing very affordable valuation of Indian stocks.
2. FII bought INR 8531.51 Cr. till 10-11-22 ( taken from NSE)
Except two days, We have seen FII inflow in cash segment on continuous basis since 20th Oct-22.
Fingers are crossed, In my opinion; we will see all time high market.
Kotak Mahindra Bank I have observed that Kotak Mahindra Bank is in weekly range of 1650-2000 since two years. Bank Nifty has shot-up up to 71 percent in last two years. Kotak Mahindra Bank is one of the fig four bank in major four private banks namely HDFC, ICICI, Axis and Kotak.
Still kotak mahindra bank is within the range. If, Kotak Mahindra Bank breaks range of 2000 and moves above, we will see fantastic rally in such stock.
PENNY STOCK READY FOR BREAKOUTWITH VOLUME 50-70% RETURNS 🔥🔥Vikaslife Care Is A Penny Stock Has Made A Triangle Pattern Has Ahigh Potenital For Breakout With Volume .
Follow For More !
Parallel channel - United Breweries4 hour time frame
Good opportunity, add to your watchlist and take advantage.
Parallel channel - Looks good4 hours time frame
Good opportunity, add to your watchlist and take advantage.
Triangle patternTriangle pattern - good opportunity, but wait for the volume confirmation and take advantage.
Parallel channel - Broke the resistance.I have posted this on 3 Oct in weekly time frame. Now it's time to enter in daily time frame, it broke the resistance and consolidated for few days and formed a bull candle.
I've already entered the trade yesterday.
There is all time high between 1100 to 1200, take risk according to your risk appetite.
*Market is always superior*
PAGEIND - Channel patternChannel pattern - good opportunity, but wait for the confirmation and take advantage.
Add to your watchlist.
Starhealth Daily Chart AnalysisStarhealth is creating a ascending tringle pattern on daily, likely to breakout
Not Trading Suggestions !!!
1DTF parallel pattern with good volumeParallel pattern with good volume breakout.
Traders keep on your radar to catch the momentum.
