Time frame - 1 D Chart pattern - Diamond formation. 1. Diamond formation is at bottom of downtrend, signaling trend reversal. 2. Chart has already taken support multiple times around 486 levels. 3. Support is at important fibo level of 0.786 adding more conviction. 4. Now, if breakout is supported with volume the can give target of 615. 5. Risk : Reward ratio-...
looks like Glenmark is on verge of long consolidation breakout....just wait for the direction. Huge movement possible. Keep track
On Daily Time Frame, COFORGE consolidated and formed the diamond pattern after the uptrend. In the upcoming few sessions expected breakout/breakdown of this pattern. According to the pattern higher probability, this trade gives breakdown and indicates trend reversal up to 4000 downside target. In case it gives breakout of resistance line then it is possible it...
BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL...
BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL...
BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL...
diametric pattern is 7 leg pattern...abcdefg waves... in which range slowly contracting within 36300--35700 of which it seems banknifty completed legs upto 'f' wave and now going for 'g' wave..
today again banknifty made low near 35700 after getting resistance near 36200-300 it is trading in a diamond pattern and range is contracting... breaking of pattern will bring clear direction.. it is strong only above 36300 level it will bring more weakness below 35700
banknifty made diamond pattern near the important resistance zone 36100-36300 breaking of pattern will decide clear trend.. Till than play support resistance 35700---36300
BUY GUIDANCE: Never buy before 3PM (I have been burnt over and over). Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL GUIDANCE: Selling in Profit: Sell...
Nice DIAMOND PATTERN Formation in *JM FINANCE* Weekly Chart Target 150 Note my analysis is only for educational purposes, Feel free to give your suggestions on my analysis
Motilal Oswal is looking very bullish for upcoming sessions because it is formed a Diamond Bottom Formation on its weekly chart and also there is a breakout of this pattern with huge volume so go long in this for upcoming target of 1600+ in next 6 months...
1. Diamond bottom pattern formation on a weekly chart indicating a bullish reversal. 2. Pattern formed after a downtrend and took almost 3 years to complete. 3. Breakout from the pattern with high volumes over several weeks. 4. Retested and now starting to move again. 5. Final Target should be equal to the height of Pattern which is 475 points. 6. The target...
Diamond pattern wait for conformation
Bullish above 842 Target : 900, 942 SL: 770 Risk is yours and Reward is too yours