Lets look at the analysis ---> 1> EW ANALYSIS :- Assuming this trend from 1490.9 level in corrective phase, we will assume impulse wave completed at 830.1, after that it slightly got complicated, still we will keep prefer count as B as flat, now we might be in wave c of B. 2> Classical TA :- a. the downtrend channel has given a breakout b. formed a minor...
Double Bottom pattern observed in Tata Chemicals. Neck level was broken in second week of May thereby confirming the pattern. The recent fall could be counted as neck level retesting. In that case the stock will move up to 672 where the pattern target falls. However, a trendline still holds and we could see noticeable resistances at 635 and 658. A break above 635...
double bottom formation on 30min T.F & ascending triangle formed due to trend line.
Britannia may have found its support around 2630 making a double bottom.
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We are now in Plan F as mentioned in the video idea published on 9th April 2019 9th April 2019 - Elliottwaves - Let us make some wedges ------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy Once Head & Shoulder Pattern gets activated as explained over the...
After hitting the mark of $65, crude oil is consolidating in the form of a bullish flag pattern. Two legs of the flag pattern has completed and it is currently at its third and final leg. Although, we expect the flag pattern to render a bullish breakout, for now, we expect a movement to the resistive trendline only.
Lupin made double bottom pattern in weekly and monthly chart which is a reversal pattern.
FB formed a double Bottom from 11/18 to 02/19 which was confirmed by the succesful breakout on 14 january. Fueled by the earnings Reports on 30 january FB had a big upside gap. Now we have breakout of the consolidation and so we have further updside potential. Profit Target 215$, Stop loss 165$ 2:1 reward : risk ratio
The pair is confined within the ranges of 1.57393-1.60778 for the past 2 months. It can be construed as ABC correction and the pair is assumed to in bull cycle. The value of 1.57393 provided strong support to the counter and it reversed the pair from the downtrend. A double bottom pattern formed at the formidable support of 1.57393 is actually the wave 1 and 2 of...
Double botton: Buy above 216 sl 212 for 220- 223
IRB made Double bottom in Monthly Time frame chart Good for long term
POSITIONAL TRADE IN INDIAN BANK WEEKLY RANGE BREAKOUT LIKELY CLOSE ABOVE 274 WILL ASSURE US 0F 200-DMA BREAK APRIL FUT BUY@274 STOP@262 TARGET@294 LOT:2000 QTY:3 2-TO-3 WEEKS OF TIME FRAME
The pair has made a double bottom in the hourly chart. It can retrace to support at 1.03147, for now, which is a good entry point for long trades. We expect the pair to move to the resistance at 1.03523.
See the chart, its leading to form double bottom.