FIRST Wave: ( Leading Diagonal Contracting )
In the first wave, we have detected the Leading Diagonal contracted within two yellow-colored covering lines but the leading diagonal occasionally appear in the first wave position of impulse. I have labeled by using roman numbers.
SECOND Wave: ( The 50% Retraced )
Its a corrective wave formed A, B, and C. Its...
Showing "Triangle Pattern" Breakout and Retest successfully done in 'Daily' time frame , as shown in image. Can go for LONG Position for good targets.
This my view on above stock. Have our on Analysis before taking any further actions.
This for and only my view for educational purpose.
Swing opportunity available. It is also very good for long term as the management has strong strategies to enhance the growth of the company in the future. Look at the chart and see that Tata Motors is kind of forming a symmetrical triangle (Higher highs and Lower lows). Wait for a correction in the market and take trades appropriately.
Keep an eye on Hindustan Petrol. Expected momentum is in upward direction.
Reason to Buy:
1) Forming a triangle pattern
2) Taking support on weekly as well as daily trend line.
3) Formation of 'W-Pattern' (wait for neck line break)
Stop-loss must be below the previous immediate swing. RR ratio must be calculated and traded accordingly.
Keep an eye on Justdial it is on the verge of breakdown. It has been consolidating in small space since June in addition to that it has been showing green candles for 3 days in a row. Be ready for retracement then breakout.
Stop-loss will be below previous immediate swing. Calculate your RR ratio an then trade.
Indus bank is on the verge of breakout keep an eye on it. Formation of triangular pattern and good volume contraction in Bollinger Band indicator.
If bank nifty falls their is a high chances that the breakout will be in the downward direction else sky is the limit.
Calculate your RR ratio and trade accordingly.
infy is making a triangular pattern is on the verge of breakup. Stop-loss must be below the immediate swing.
Reason to Buy:
1) Formation of a triangular pattern.
2) Bollinger Bands showing consolidation.
Possible breakout in upcoming few days. After breakout retracement is possible at the same levels and momentum will continue after that.
Sellers fail to bring down SBIN 3 times denote's pressure from the bottom to push up.
Reason to buy:
1) Trend Line breakout
2) Buying pressure from bottom
Next best entry will be after retracement i.e after 201.60. Stop loss will be below intimidate swing i.e below 197.00.
RR ratio should be calculated and accordingly trade should be taken.
This shows the Daily Chart of Shriram Transport Finance for a period of 10 years. The Chart is divided into 3 parts:
1. The red portion shows a strong support region
2. The yellow region is seen as both a Resistance as well as Support in different periods.
3. The dark green region is the first level of Resistance (and an initial profit-booking level).
I HAVE DONE ANALYSIS ON ASIAN PAINTS BEFORE.... IT WORKED WELL CHECK IT OUT TOO GUYS !
we have a clear trendline breakout with a spiking volume
wait for retracement and then enter for LONG.
There is a clear support zone check it out too before entering
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Daily Bajaj Finance Ltd Wolfe Wave Chart
Strong Resistance At Current High : 3125
Strong Sell Sign At Point : 2950-2975 Near
Take Profit 1 : 2700
Take Profit 2 : 2500
Stoploss : 3125 ( Current High)
Please Note :
1. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade.
2. Please keep...
Axis Bank Creates the triangle pattern on a daily basis last if Break the 370 then take support near 350 and go up but in upside very low chance if this time break 350 then come to 325-300 and if go up then cross and close above 415 then come to 440 and cross with volume then come to 465-480 in next session so take this level in your mind and trade.