Neutral as of now. Needs a good breakout from the base to take a short position. Targets are Given on the chart.
NSE:JKPAPER TECHNICAL ANALYSIS --> JKPAPER has given a breakout from its previous ATH which is 285. and also has given a breakout above its Trendline joining all previous ATH. --> JKPAPER has broken out of the DESCENDING TRIANGLE after consolidating above its previous ATH. ENTRY --> Take a postion when stock gives 1 HR closing above 325. ...
Nifty has reversed from the lows with good momentum and broke out the Descending Channel. After the breakout the momentum is still Bullish, however index made a Gap of 200 points between 16-17Mar, possibilities are that this gap will get filled in upcoming sessions. Now talking on Support the 1st zone which can give Nifty a cushion is 16800 while 2nd support will...
Accumulate on Correction Add around 630-640 range for 720-750 targets Positional Trade
share name : dhampur sugar mill call type : poistional - share is consolidating in a tight range from a very long time and forming a descending triangle too - We can see a clear breakout on descending triangle and range too - we can accumulate this share above 345 level with target of 400 and 472 with sl of 300 thanks
market is at confuse state trade with less quantity or avoid it because market can be volatile also do your own analysis
Nifty is forming descending triangle pattern, so we will wait till nifty gives breakout from this pattern for going long and will wait for breakdown below 16850 to go short as there is four bottoms. More probability is of breakdown amid conditions of war. Short nifty below 16850. I also have attached the image of yesterday's data how negative it was which does not...
As per current market sentiments and global news we can see bearish momentum in Nifty 50 in upcoming days. Technically also the Index is forming descending triangle pattern taking support at 16900 -800 zone and once this support breaks than we can see Nifty to 17600 levels. Now talking about the levels plotted on chart we can plan out trade based on these area,...
So, guys after analyzing the chart we can see clearly a descending triangle pattern on 15 min time frame which shows us that market is looking weak. According to the chart pattern tomorrow we can look for short positions below 17235 and book our profits at 17100 price level. Best of luck.
Descending Triangle chart breakout above 175 with good volume will activate long entry Relative strength is strong and above 0.10 RSI Above 60
KPIT has delivered stellar returns to the investors in the past two years. Stock is currently trading at the support level of a Descending triangle pattern. If it closes below the 600 level, it can fall further to 500 levels. However, if it breakout from the pattern, it can reach its previously high levels. Cheers! This is as per my Analysis. Feel free to share...
results are also positive, all odds are in favour keep close eye on this!
1. 850 zone was tested several times and acted as a strong support. 2. From 24th Jan bull run/extended move was seen. Correction was yet to be come after such move. 3. It was into consolidation (correction in time) from last 4 days i.e. from 1st Feb. 4. Also bottoming tail bar, shakeout bar, no range body bar is seen in consolidation , tug of war is fought between...
This stock is in Descending Traingle pattern but it shows the signs of breaking out above the trendline. Expecting an Elephant bar soon because of the green volume spike on 6th Jan.
DESCENDING TRIANGLE formation in HDFC LIFE.We can short after breaking 50ema and 668 levels .and make 200ema as target 1.For long entry it should break the trendline. Targets are mentioned in the chart itself.
We can see DESCENDING TRIANGLE formation in descending triangle. Short entry should be made below the 200ema.Targets are mentioned in the chart itself.
share name : hindustan foods ltd call type : poistional - share is consolidating in a range and forming a descending triangle - Inside candle on Weekly time frame - 2120 - acting as a huge resistance if a breakout comes. we can see good targets of 2550,2800 sl 1800 Thanks
NSE:RBLBANK #NSE:RBLBANK formed descending triangle All the possible levels mentioned on chart !!