Mahanagar Gas Ltd.Hi,
A Bullish Flag & Pole pattern is visible on the daily chart of NSE:MGL after consolidation of around a month.
Daily MACD have given negative crossover on 12'Feb 24 and it is turning to bullish. On weekly and monthly charts the MACD has already given a positive crossover. So, expecting the momentum to continue.
All the Levels with proper stoploss mentioned on the chart are for educational purpose. Consult your financial advisor before making any investment decision.
Dailyanalysis
big bullish weekly flag and pole breakout in logistics stockA Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:SNOWMAN
MACD already gave Positive crossover on Daily, weekly and monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
If you like it Make the rocket fly to boost the idea.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
#HITECH Breakout Retest and Volume ConfirmationTechnical Analysis:
HITECH has been exhibiting a strong uptrend on both the daily and weekly timeframes.
Recent breakout followed by a retest of the breakout level, which is a bullish sign indicating
potential continuation of the uptrend.
The retest of the breakout level occurred with declining volume, suggesting weakening
selling pressure.
Today's price action shows signs of renewed buying interest as it attempts to move higher
after breaking the previous high.
Notable aspect: The test of support occurred with very low volume, indicating lack of selling
interest and potential accumulation by bulls.
Disclaimer: This is not financial advice. Trading involves risk, and it's essential to conduct thorough research and analysis before making any trading decisions.
EUR/AUD SHORT I waited patiently for Price to Reach the Top of the Trend Line Channel. Once it reached the top i realized the Highs on the MACD were higher than the Last Swing High (Hidden Divergence). Momentum started pushing towards the Down Side. I placed a Sell Stop at 1.65074 and set the Stop Loss at the bottom of the last Demand Zone.
Jupiter Wagons Ltd forms bullish "Continuation Wedge" "Continuation Wedge (Bullish)" chart pattern formed on Jupiter Wagons Ltd ( NSE:JWL ).
This bullish signal indicates that the stock price may rise from the close of 309.50 to the range of 348-380.
The pattern formed over 37 days which is roughly the period of time in which the target price range may be achieved.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
HDFC BREAKOUT HDFC took reversal Fib 50% level and now gave trendline breakout.
Next Targets - 2927-2936
Nifty & Banknifty market analysis for 28th June 2023Nifty created a fresh ATH today and breached the 19,000 level briefly. But with VIX edging higher, the question still remains: will Nifty continue going up? Adani shares did contribute to Nifty's gains, but that was possibly temporary given GQG's infusion. Can Reliance help Nifty close above 19,000?
EURCHF Sell trade opportunitiesEURCHF Sell trade opportunities
Overall it's a sell trend that recently breakout the short-term support line next prediction is will retrace some pips to test the resistance line as I mentioned in the chart it will be a very good opportunity to sell the trade on the resistance area with good risk rewards