SPICE JET - Now time to flyshare name : spice jet
call type : positional or investment
- share is forming a descending triangle pattern
- moring star on c point on monthly time frame
- we can see a good base on 61 it will definitely
act as resistance if it will take out and price
will form higher low . we will definitely see
targets up to 61,108 126 as per gartley
- we can accumulate this share at current level with stop loss of 33 which is all time low of this stock
thanks
Descending Triangle
Descending Triangle in adani green energy ltdA descending triangle appears in Adani Green Energy.
This pattern is seen to start with a market high and then the market makes a new low, then the market makes a higher low and a lower high.
When the market breakouts the channel, bearish power is seen within the market.
The market is likely to make new lows.
T 1= 1939
T 2= 1858
SL =2124
Thank you
@Money_Dictators
Bajaj finance chart dailywhere do bajaj finance go first ? What do you think ?
1. Bearish H&S is forming break below neckline. it will fall.
2. It will rise from Support zone.
3. It is forming a continuation pattern, it will rise after breakout above trendline.
4. it is making a bearish pattern descending triangle, it will fall.
Please do comment your answer.
my vote goes 2 option.
Note : only for learning, not a trading tip.
GATEWAY might rally (Significant demand zone)From the above chart we see that #GatewayDistriParks, a company into logistics has been moving downwards and recently had a volume spike and a breakout of the downward sloping trendline, it gave a low volume pullback & since listing it has respected a Demand Zone, ample of times and every time some buying can be seen happening in that zone. The recent price action is a retest but this is a risky trade so a strict SL needs to be there below the demand zone and resistances mentioned above in the charts are targets for the same.
A high risk short term bet so abide by strict SL, Targets.
Thanks for reading!
M&M Finance SHORT , Descending TriangleThe Short Setup is Very Clear here + on Friday there was a News Item: "RBI bars Mahindra Finance from using third-party recovery agents after Hazaribagh mishap" which is serving as the Catalyst for the Selling Pressure in this Stock. M&M Finance involved in Unethical Practices and hence the Stock Price is being Hammered.
A Classic Descending Triangle on the Hourly Time Frame
One can Short for
Targets:
T1= 185
T2= 182 - 180
with Stop Loss > 200
Tech Mahindra LTD - Trendline + Descending Triangle Breakout 📊 Script: TECHM (TECH MAHINDRA LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY IT / NIFTY 500
📊 Sector: Information Technology
📊 Industry: Computers - Software & Consulting
Daily timeframe Trendline + Descending Triangle Breakout.
Weekly timeframe Trendline + Descending Triangle Breakout.
Key highlights: 💡⚡
📈 Script is trading at middle band of Bollinger Bands (BB) and taking support of middle band which is SMA20.
📈 MACD is going to give crossover.
📈 Double Moving Averages crossover yet to come.
📈 Script is giving Trendline + Descending Triangle Breakout in both daily and weekly timeframe.
📈 Current RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1090
🟢 Target 🎯🏆 - 1185
⚠️ Stoploss ☠️🚫 - 1061
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
DLF BO !!NSE:DLF
#NSE:DLF formed Descending triangle, TL, Cup & Handle BO.
Descending Triangle BO is too perfect, stock move up from downwards and Trend line tried to break 4 times and given BO candle closure for 5th time.
Adding to that a beautiful #Cupandhandle pattern.
SL marked for practice, Target open.
Have the market aroused the sleeping 'LION' !!!The heading justifies the stock correctly and chart also indicate that
lion is ready to roar once again after a pause of 7 months.
Here, lion is referred as Balaji Amines who was asleep from last 7 months
after steep fall but, now it seems that market has aroused the sleeping lion.
Descending triangle was under construction since last 7 months and finally
we're witnessing breakout from the pattern with rocket volumes and RSI breakout
which further indicates that the sleeping period is over.
Target 3 achieved in Psp Project | 18% MoverThis idea is a follow-up to Pspprojects
You can check the Link to Related Ideas
Disclaimer: The information provided is for educational purposes only. Our intention is not to provide any financial advice, don't take any decision without consulting your financial advisor
ADANI WILMAR is again , ready to give high returns hey guys ,
from a long time , we are seeing that ADANI COMPANIES ARE GIVING GREAT RETURNS,
in this group of companies , there is a stock called ADANI WILMAR ,
this stock was giving a great returns , JUST AFTER LISTING
this stock has gave a return of APPROX 250% RETURN in just 73 DAYS ,
but after a short period of time ,
this stock has started to follow a pattern called , DESCENDING TRIANGLE .
and now the time has come to BREAK THIS PATTERN ,
and now you can see that , THIS STOCK HAS CROSSED ITS RESISTANCE
and has made GREAT BIG GREEN CANDLE ,
you can see that , stock has taken support on its resistance and now gave a great green candle ,
therefore , I SUGGEST YOU THAT YOU CAN BET ON THIS STOCK AND TRY TO EARN GREAT RETURNS ,
I have marked the STOP LOSS AND TARGET ,
STOP LOSS - 567.60
TARGET - 768.70
BUT PLS CONSIDER THE GLOBAL MARKET SITUATIONS
1. INFLATION
2. WAR
3. RISING BANK RATES
4. INCREASING CRUDE OIL PRICES
AFTER CONSIDERING THESE SITUATIONS
YOU CAN BUY THIS STOCK
ADANI WILMAR - AWL
FUNDAMENTALLY ALSO , THIS COMPANY IS WELL ESTABLISHED .
THEREFORE , YOU CAN BET ON THIS STOCK