Get started

Chartpattren

CDSL for Swing Trade.As marketing Dynamics have shifted towards the bull run after a long period of consolidation. Nifty witnessed strong rally in last trading day and touched record high. Where lot of sectors and stocks have shown significant run up but CDSL is still available at 30% discount, If we look at its financials there is no red flags concerning its fundamentals. We can anticipate a promising Bull Run extending further in this stock. Technical CDSL has shown significant run up in last 3 months and formed a good trend reversal pattern last week in weekly timeframe. We can see trend line breakout above 1130. For further understanding of the price just add this stock in your watchlist. Buy-1155 Target- 1400, 1500
NSE:CDSLLong
by BullishLine
Double bottom chart patternICICI Securities given double bottom formation on chart breakout level is 577 if price sustain above 577 there will be more up side in stock you can place target up to 734 after This breakout level is resistance which will become support after breakout once it break 577 price will suddenly rise after it may be some profit booking for intraday traders those who take it at breakout because of this profit booking by very short term traders this will take price down so it may retest the level of 577 after breakout when it retest that level resistance will become support here again fresh buying will come those who not able to take because of fast up movement at breakout they are waiting to take again if price come at that level of 577 this will lead to take price again in up direction after retesting from here there may be a good move in stock for target of 734 Double Bottom chart pattern : This chart pattern is seems as " W " pattern where price comes down from higher side and give a price correction which make first bottom Then price again try to follow trend and comes down but price rejected to go more down by buyers and near support of first bottom it reject the trend continuation and this up move from support with first bottom create second bottom on chart which seems as "W" At previous correction high by price given last swing high this high is consider as breakout level for double bottom chart pattern This chart formation is a sign of trend reversal
BSE:ISECLong
by ProfitPicks
2
BankNifty Futures Levels 12.06.23I have posted enough Charts here for one to see how the price responds at the lines marked. We can go down to lower Time frames of 5 min and 3 min to study the price action . It would be very interesting to observe what happens when 1. Price opens within the range marked of Red, Blue and Green Lines. 2. Price opens below / above the range but within the range of the previous day 3. When there is a Gap up and Gap down opening. Constant visualization and practice makes one familiar with what type of price action can come and what type of the day it can be. The dotted lines can be tagged by price as these are untouched area where price can probably reach depending upon upward or downward movement. Further studying the OI and unwinding on either side can help in deciphering a directional move. Along with the charts the study becomes more interesting.
NSE:BANKNIFTY1!
by SABMR
Nifty Futures 11th June 2023I have posted enough Charts here for one to see how the price responds at the lines marked. We can go down to lower Time frames of 5 min and 3 min to study the price action . It would be very interesting to observe what happens when 1. Price opens within the range marked of Red, Blue and Green Lines. 2. Price opens below / above the range but within the range of the previous day 3. When there is a Gap up and Gap down opening. Constant visualization and practice makes one familiar with what type of price action can come and what type of the day it can be. The dotted lines can be tagged by price as these are untouched area where price can probably reach depending upon upward or downward movement. Further studying the OI and unwinding on either side can help in deciphering a directional move. Along with the charts the study becomes more interesting.
NSE:NIFTY1!
by SABMR