In the Weekly Chart of BORORENEW , we can see that, it is at a Decision Making point. If it moves in upward direction then we will see a W patter breakout at lowest point. Enter at 430 with SL as 416. Possible momentums are shown in charts.
In the 3 hour Time Frame HDFCbank is about to give a short term break out, Target 1586 CMP 1548
- Company is expected to give good quarter - Company has delivered good profit growth of 23.4% CAGR over last 5 years - Debtor days have improved from 81.8 to 42.6 days. - Annual Revenue rose 57%, in the last year to Rs 814 Crores. Its sector's average revenue growth for the last fiscal year was 14%. - Annual Net Profit rose 574% in the last year to Rs 66...
BankNifty Analysis BankNifty had a similar chart pattern as that of Nifty. An opening gap-up of 272pts ~ 0.6% and then a 2nd leg of rally from 10.30 of 279pts ~ 0.63%. The only difference I saw was that after the day’s high was hit - BankNifty started falling gradually whereas Nifty went flat. Tomorrow’s RBI MPC outcome at 10.00 might be interesting. We would...
BankNifty Analysis For today I had a neutral stance instead of a bearish one - mainly because we made a double bottom pattern in the last session. But the opening 5mts candle simply negated that in one go. Still, Banknifty was staying relatively strong versus Nifty. Both of them did break the swing low - but BankNifty’s recovery was more convincing. Bulls should...
Nifty Analysis Recap from yesterday: “My stance still remains bearish with the first downside target of 19446. The moment we break 19776 on the upside — I wish to exit the short stance and go long.” The first target of 19446 was not today even though we dropped 103pts in the opening 5mts. The low of today was 19479 breaking the recent swing low of 19492. Two...
equitasbnk breakingout from double bottom good volume and RSI immediate target can be 100 educational idea only
Time Frame Weekly- A range bound formation after breaking double bottom formation May go higher above 2150 Fundamentally strong stock This chart is only for educational purpose do your own study before taking any trade
Multiple IB breakout Can be added on retest of Previous ATH Level or can be in parts now SL: Below Previous Swing low Target: 1095/1180 DISC: For educational purposes only. Please consult your financial advisor before any trade.
This chart explains that ICICI Bank has broken the mid-point (support) and formed a double top pattern and got activated by breaking the support line in Weekly Time Frame However nothing to panic as the next level of support is very near by and it is a short pattern. Unless it reverses and closes back above 950 this pattern will be valid. If the pattern...
NSE:DIXON formed Bearish Engulfing, Bearish marubozu, Rising Wedge, Double Top and -ve RSI Divergence on Daily TF. ITs a high probability trade. Entry : 4920.30 Target : 4650 SL : 5225 RR : 0.9
In the Weekly Chart of MEDPLUS , we can see that, it has retested the support second time. it might retest the W breakout trendline. Expected momentums are shown in chart.
In the Weekly Chart of ARVINDFASN , we can see that, it has multiple rejections at 360-375 levels. Let it retest the W pattern breakout properly and create a Pinbar or Halt candle then we will enter with SL.
In the Weekly Chart of SASKEN , we can see that, pinbar is created. Enter on breaking its high OR let it retest the trendline properly. Expected momentum is shown in chart.
In the Weekly Chart of RAJESHEXPO , we can see that, will there be a W pattern breakout and stock will move up OR selling will still continue. Possible momentums are shown in chart.
In the Weekly Chart of RAJESHEXPO , we can see that, it is near lowest level. will there be a W pattern breakout and stock will move up OR selling will still continue. Possible momentums are shown in chart.
The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. Diamond pattern has been witnessed in the stock GAEL. The Diamond pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the...
BTC clearly showing down trend reasons : 1. bearish shark pattern 2. trend line nearly rejection 3. RSI overbought region and macd cross 4. double top pattern