🔰 MY thought process : ⭐Elliot waves for the uptrend ended while giving it an ATH now it has broken a serious trendline = downtrend but it's on its monthly support zones which were used to be resistance zones :) ⭐Also at 0.3 fibo so and making a good contraction pattern below the good uptrend line and 50dema, A buy would be initiated if it breaks the consolidation...
26-May-21 NSE:TATAMOTORS Stock in excellent uptrend, but faces lots of hurdles ahead Pro's Strong uptrend, and consolidating. New 52w Hi, Plus Hight and tight consolidation indicates likely upmove soon Likely Targets: 432-448, 548-564 Cons Overall upmove likely to face multiple resistances ahead. Consolidation ahead could be likely long drawn,...
Hey folks! I have drawn important support and resistances for Tata Motors in this chart. These levels have been tested multiple times and I feel are reliable if the market conditions remain stable. Disclaimer: This analysis is only for educational purposes.
Buy on 1hr chart if u want an early entry but a safer bet would be on the D chart with RSI above 62 only for no divergence pattern ...... Happy trading :)
As we can see tata motor is following trendline .... it is taking support from this trend line ...may be it will consolidate following to this tredline.. BUY ABOVE-978 SHORT Below-960 SL maintain FOR BOTH-870 if it might break then we can see fall for 1 or 2 trading session... it might be give false breakout ...so take trade wisely . . .if agree ..LIKE IT :)
Price is consolidating so it can go anyway levels are mentioned on chart. Please like idea if you agree ..
Analysis mentioned on chart
MOTHERSUMI after price correction Price is currently ranging in a zone Breaking 163.50 Level Price can test 175 Levels Weak Below 152.50 Level Between these Levels avoid Trading Resting on imp. Level of Fibo currently.
Silver formed inside bullish candle in 4 hour time frame, and breached consolidation zone. Possible targets: 1) 67,500 (that is 50% Fibonacci level), if it sustain on that level then we can hold to achieve the next target. That is 2) 68,500. Feel Free To Ask For Any Technical/Fundamental Query Comment Down Below Educational Purpose Only.
NSE:BAJFINANCE OVERALL TREAND - STRONG BULLISH ON 19TH NOV,AFTER WIDE RANGE OPENING BULLISH CANDLE,PRICE STRUGGLED TO MOVE HIGHER AND VOLUME ALSO ON DECLINING SIDE AFTER WHICH SHARP DOWN MOVEMENT HAPPENED WITH WIDE RANGE BEARISH CANDLES ON HIGH VOLUME TODAY WE CAN SEE EITHER, >>>>>>>PRICE TEST RESISTANCE LEVELS 4652-4678 AND THEN MOVE DOWN TO SUPPORT...
Both for Intraday & Swing. Tech Mahindra has been consolidating for a 2-3 days. It can give a breakout either for long or short. No Trade Zones has been given, if it breaks either of it, it will give good targets.
Consolidation for about a week, once breakout or a breakdown given it will be a very strong.
ICICI Bank has consolidated in the range of 340 to 380. Moving average band suggest the bullish trend formation. Stock is in short term uptrend above 380. There is high resistance at 390 and 415. Suggest to book partial profit at these levels if you have positioned it at below levels. If there is good momentum in NIFTY and BANK NIFTY and if it sustains above...
By my PERSPECTIVE if stock want top go up it has chances to make MOUNTAIN & HILL pattern before going up! Or it will CONSOLIDATE between CONCOLIDATION AREA ! Tommorow It has Chances to open up! This Analysis is for EDUCATIONAL & INTELLIGENCE pourpose,Trade at your own risk!!
I AM not sure on any TREND INDICATOR because its in consolidation, its has a chances of making DOUBLE BOTTOM!!
like if you understand it!
Manappurna finance has given Head & Sholder + Parallel channel breakout in the daily time frame today . Possible consolidation near 143.25 level because of the previous breakout level makes it important (Purple Rectangular Area). . Upcoming support zone will be around: 134.50. Good Shorting Opportunity. . Stop-Loss must be over the immediate resistance level i.e...