For the past 2 years, the price has been unable to break through the resistance. However, recently, there has been a significant increase in volume.
The stock just broke out of a double bottom pattern on the weekly chart, and it did so with a strong bullish candle. This could signal a shift in momentum or the continuation of an upward trend. It's a significant move worth keeping an eye on for traders and investors.
it has sucessfull history of m-pattern so here we are looking for short
In the Weekly Chart of OAL , we can see that, it is at decision making point and Hammer candle is created. We might see a big W shape recovery from bottom.
In the Weekly Chart of RELAXO, we can see that, it is at decision making point. Possible momentums are shown in chart.
For Educational Purpose.. ⚠️ I'm not a SEBI REGISTERED analyst & my view can be biased ⚠️ No Buy Sell recommendation, do your own Analysis. #SREEL (SREELEATHERS LTD) IS READY TO BUY LONG - Monthly Chart Shows W Pattern - After 9 Year Breakout - Last 2 -3 Month Volume Build up Waiting Time 3-6 Months Long Above - 375 SL - 340 Target - 400, 425 & Thank you
Balmer Lawrie & Company Ltd is extremely bullish with rising volume as visible form the chart . The financials of the company are pretty solid as well : 1. Rising PE 2. Increasing sales 3. increasing net profit 4. rising EPS Along with all this the company also gives pretty solid dividend as well. It is the stock to watch out for🚀🚀.
Bank nifty seem to have rejected the top levels with a sharp fall. it would now make sense if the stock remains out of channel. if support 2 is broken then BN will go down to fill the gaps. If support 2 is not broken, then a possible sideways market for few days. This Analysis is purely based on my own view, happy to share it with you all.
IRCTC has given multiple small breakouts recently. Now it is on for a major one! IRCTC made double bottom pattern after a long consolidation of multiple quarters. It has now shown good volumes interest in past a few weeks and is ready to give the breakout from its previous high of 758. Once that is done it will be out of lower highs trends and get into higher...
Hfcl formed double bottom chart pattern and breaks the resistance line, formed the decisive bullish candle, shows the bullish momentum for up side till 80.
For Educational Purpose only good above 977 for target of 1) 15% 2) 30% 3) 60% Also long term view above 2X SL Daily Close below 860 Analysis of Piramal Enterprise Chart 💹 Good to buy above 977 Good Breakout in weekly timeframe on 22nd May at present support confirmed on 0.618 fib golden level also good volume coming in this week also it form Double...
After a straight line rally, stock made a Drop-base-drop and again a base. So can it be a drop-base-rally?. On weekly TF stock has made a base near 2000 making it a strong support area. Also a short trend line and a long trend line broken. 50 EMA breach on weekly and also support taken on monthly TF. Looking good for upside if close above 2500. Short term tgt...
NSE:SREEL has recently broken out from a double bottom pattern on the monthly chart, and this breakout was accompanied by significant trading volumes. In addition to this, there was a multi-year breakout with good volumes. The combination of a double bottom pattern breakout with huge volumes on the monthly chart and a multi-year breakout further strengthens the...
⚡️Almost Zero Debt ⚡️Promoters FIIs DIIs increasing stake ⚡️Double Bottom ⚡️Volume rising ⚡️Multiyear Breakout expected ⚡️4Y Long Base 🔴 SL 251 🟡 CMP 264 🟢 TGT 291/330/396
Nifty has formed a double top on 15 mins time frame and expected to test lower levels. Sell @ 21160 SL 21210 Targets - 21120, 21085 To motivate us, Please like the idea If you agree with the analysis. Happy Trading!
Naukri (Infoedge) has formed a double top on daily chart which is a bearish pattern and expected to come towards 4520 and below levels until 5100 is intact on the upside. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
USDT.D formed bullish shark and waiting for double bottom which conforms support then it pumps which leads BTC and Alts bleed for sometime
BankNifty Today’s Analysis The opening candle in Banknifty had a swing range of 189pts ~ 0.4%. That candle looked dangerous and I really thought we would have a deep RED day today. Quite interestingly, BN made a W pattern right at the top band of the ascending channel (see the 63mts chart link also). 4mts chart link - click here Once BN got caught in that...