ZENSARTECH | NSE INDIA | ANALYSISThis is the analysis of Zensartechnology stock.
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Double Top
USDCADUSDCAD is forming a double top on the monthly timeframe. Currently in an uptrend on the daily timeframe. It may respect the uptrend channel. You can place a stop order for a swing trade at 2:1 RR. On the Gann, it is on the verge of breaking the 1/1 line to continue further in uptrend.
ZENSARTECH | NSE | ANALYSISThis is the analysis of ZENSARTECH stock on NSE.
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banknifty viewbanknifty has immediate hurdle of 35400---35550
as gap resistance, channel resistance and psychological level pause
below this level one more dip towards 35200--35000 possible
UPL ShortDouble Top + Bat Pattern in UPL, Enter after price fall below the Neckline of Double Top and Target will be the D point of the Bat pattern.
BANKNIFTY done double top near 36000Banknifty made double top near 36000 which became immediate hurdle
if sustains below this than retest of 35500-600 possible
#DRREDDY Monthly bullish Weekly bearish#DRREDDY Look at the monthly for the "good" cup and handle pattern with a bullish reverse momentum divergence. Now look the weekly for the bad/ugly where it is forming a double top and approach neckline. To go for long or short depend on your time horizon for the trade.
SHOPPERSTOP LongSHOPPERSTOP Long
Today it breaks double top chart pattern also a breakout of ascending triangle pattern with good volume.
Buy above 273 (on closing basis)
SL- 240
Target- 300, 318, 355
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Charts and views are only for educational purpose.
Auto Sector M pattern neckline brokenAuto Sector M pattern neckline broken. is it heading to break the weekly one.?
DLF: Deja vu close observed near resistanceDLF
This pattern occurs when two green days appear with equal closes in an uptrend. It might indicate a short term top has been reached.
- A new high was made today but there was no follow through buying, which bought it back to previous day's close.
- Interestingly this has happened near the high made in March 2021
- It could be a case of a good resistance price.
Explaining the pattern :
- The stock has been higher, as evidenced by strong green candle on 18th July (previous day).
- The next day, the stock opens lower but then it recovers back, tests the previous day's high but eventually closes at the same / similar price as previous day. This is possibly an indicative of short term resistance and may cause much concern with the bulls.
Entry can be considered when midpoint of previous day's green candle is broken.
SL can be kept at the highest point of last 2 trading sessions
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- the last 2 days F&O volume has been the highest in this series and is almost 3 times the average volume of previous 16 trading sessions
- however the Open Interest has not increased at all.
Which prima facie, suggests change of hands, rather than fresh buying interest.
F&O strategy for the given set up
Consider selling July expiry 340 Call option between 5 - 7.5
Closing price is 6.05
If selling at 5, The strategy will have a max profit potential of Rs 16500/- per lot till 29 July.
More importantly, it would have an inbuilt loss protection for a rise up to 345 till expiry.
Trust you find the overall analysis useful.
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DOUBLE TOP FOR BECTOR FOOD- POSSIBILITY OF SHORT TERM REVERSALBECTORFOOD has fallen to a low of 328 in March 2021 and has been Bullish since then. It has reached a High of 445 in June and has retraced from the resistance zone at 442-452 range to a low of 395.
Now it has reached the resistance zone again and has made a Bearish Pin Bar that is half of the Evening Star Candle Stick Pattern. There is also a Bearish Divergence. So short term the pattern is bearish.
To go long we have to wait for break of the resistance zone at 442-452 range and wait for a retest and can go long on a confirmation Bullish Candle for Targets of 502.
Levels for - 15 July 2021 ∘ Hdfcbank Overview
∘ What kind of Pattern do you see ? Comment in below 👇
DELTA CORP FORMED A DOUBLE TOP PATTERN BEARISHDelta Corp had formed a Cup and Handle Pattern and has reversed from a strong Resistance Zone near 197-203 forming a Double Top Pattern. Also there is a RSI Bearish Divergence.
I see Double top in SBIN and Buyers are winning.I see Double top in SBIN and Buyers are winning. Classing Ascending triangle pattern. I hope to see Buyers winning, Last time, buyers were winning too but this time Buyers are more aggressive and buying at a much higher price than the Support.
NIFTY and double top ?NIFTY 50 appears to be forming a double top pattern. If this pattern completes breaksout - a nice fall is expected.
FMGOETZE - Ascending Triangle, RectangleAscending Triangle, Rectangle & Rounding Bottom breakout on Daily Chart of FED MOGUL GOETZE. BUY CMP/355.10 -> 390, 400, 420, 440-450. SL/Support 315-25, 300, 283-85, 278. Double Top at 354 and reversed from 351 on 11th of June. Another Double Top at 465. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
SHORT MUTHOOTFINNSE:MUTHOOTFIN
#MUTHOOTFIN
After a god rally, Sideways consolidation on daily is going on. Double Top formation on daily charts with rejection from the higher levels going on. Neckline breakdown can give a good downward move into the stock.
CHART BY HarmonicTrading™
Dow jones DJI form double top.Dow jones : it forms double top pattern, Deep correction may come soon. lower levels 32525 and 31750
JUBLFOOD - EVENING STAR AND DOUBLE TOP WITH NEGATIVE DIVERGENCE.JUBLFOOD - EVENING STAR CS PATTERN AND DOUBLE TOP WITH NEGATIVE DIVERGENCE.
