CUMMINS MAKING DOUBLE TOP PATTERNCUMMINS INDIA after results has dropped with volumes. Double top at 1700 is in making, just waiting for 1530 levels to breach where double top breakdown will happen. A conditional sell
Double Top or Bottom
Glaxo: Strong Double bottom and BO with strong volumes on weeklyGlaxo: Strong Double bottom and BO with strong volumes on weekly chart.
Strong BO of 1350 is happening after 7 months.
Buy above 1404
Targets: 1416/1430/1445
SL: As per risk capacity
Disclaimer: Im not SEBI registered, Contact your financial advisor before taking any trades.
CHEMFAB - LOOKS GOODThere is a positive development as the price breaks above the upper trendline before the triangle reaches its apex. This breakout is accompanied by a noticeable increase in trading volume, which serves as confirmation of the bullish nature of this pattern. It suggests a reversal of the prior downtrend and indicates a potential upward movement in the price.
In summary, the price has shown signs of reaching a bottom and is now displaying a bullish reversal pattern known as a Bottom Triangle. The breakout above the upper trendline, accompanied by increased volume, suggests a potential upward trend in the market.
Conclusion:
The price is in bullish Trend.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
GREAVES COTTONGREAVES COTTON
Study - Double Bottom Formation seen
Time Frame - 1 hour
Entry At 125 and Stop loss Near 120 , Target price seen from chart is 140+
This char is only for educational purpose. Do your own study before taking any trade
MOIL - Reverse Head & Shoulder PatternMOIL has formed Reverse Head & Shoulder Pattern after long down trend. Can be added at current level around 157-158 with target of 170 and set SL at 153. This gives us risk to reward ration of 1:3.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
LOKESH MACHINES - 78% RETURNS!!!BUY - LOKESH MACHINES
CMP - Rs. 145
Target - 1: Rs. 210
Target - 2: Rs. 260
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Technicals - Double Bottom BO
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This is just a view by an expert analyst, please invest at your own risk.
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Smart earning IdeasHello traders XAUUSD a Sell tread setup, don,t miss this chance good opportunity for you follow me on treading view for more ideas .../// thank you
Tata Steel : Watchout for Double bottomNSE:TATASTEEL has made double bottom and is near the neckline. One can initiate long trade only after closing of breakout candle above the neckline. Keep a wa
MCX FUTMCX FUT made double bottom pattern on an hourly chart by breaking above 1375.25 with good OI.
Could be bought with mentioned stoploss & target.
Smart earning IdeasHello traders XAUUSD a Buy tread setup, don,t miss this chance good opportunity for you follow me on treading view for more ideas .../// thank you
DXY bullish HTFDXY is very bullish in 4hr htf
Because of the 1 day takeout the liquid
& 15 min choch conformation & also retest successfully
Arpa USDTArpa Usdt Double Bottom
Short ARPA Usdt
Entry : 0.10580, 0.10650, 0.10800
TP: 0.10,0.09745, 0.0950
SL: 0.10900
Correction completion with double bottomIf someone is looking to accumulate tata elxsi
it has shown good double bottom formation after correction.
Since these are big targets and SL one might need to control the qtys to reduce risk of max loss.
SL 6600
T1 8300
T2 10150
banknifty 24th may rising wedge and double top bank nifty is forming rising wedge pattern (blank line) and double top (M) green line and there is a strong support trendline. If the support trendline is broken at 43888 level then possibility of reaching 43333 is high. if it takes support at 43888 level then market might retest and try to break all-time high.
Don't be bullish or bearish trade with the market direction.
Buy above 440057(43900 CE) Target 44132,44282,44410,44550.
Sell below 43766 (43800 PE) Target 43579,43465, 43333.
nifty 19th may W-pattern and failing wedgeNifty is in failing wedge pattern if it sustains above 18210 then possibly it can reach 18414 level and there is another indication of W pattern or double bottom forming if it breaks the same level(18210) then it can reach 18418 level easily. From the Feb speed resistance fan it is taking support at 0.382 level(18110) and if it breaks then 18004 is the next support(0.5 level) and if it takes supports at 18110 level then possibly it can reach 18417 level.
I would suggest being neutral and go with the market direction accordingly.
Buy above 18213(18150 CE) Target 18256, 18304, 18343
Sell below 18106 (18150 PE) Target 18054, 18005, 17942
DEEPAK FERTILISERSThe chart is self-explanatory.
upside potential > 50%
TREND ANALYSIS + VOLUME ANALYSIS + ADVANCE CONFIRMATIONS
Disclaimer: This is for educational purposes only. This is not buying or selling recommendations. I am not SEBI registered.
Berger Paints - CASHThere can be a breakout coming on daily chart of BERGEPAINT. As the stock trying to break resistance of 605-608.
Also looks like an inverse double top pattern on the chart therefore we can create a long position and expect a target of 625-630 with a stop loss at 604-603.
CRUDE OIL SWING IDEAS (LONG)Crude oil has formed based and will travel further north in coming days due to the following reasons
1)Base formation or consolidation for quiet few weeks
2)20 EMA & 50 EMA crossover on an hourly chart
3)Lows not broken, swing high is taken out
4)W pattern
Need to patiently hold & wait, might see bigger target
(FOR EDUCATION PURPOSE ONLY)
W pattern : double bottomNSE:BAYERCROP
after long bear run we can reversal
if price go above 4151
Take Long trade :
ENTRY : 4152
Target 4341 (4.73%)
SL 4042 (2.72%)
GUJARAT ALKALIESThe chart is self-explanatory.
upside potential > 30%
TREND ANALYSIS + VOLUME ANALYSIS + ADVANCE CONFIRMATIONS
Disclaimer: This is for educational purposes only. This is not buying or selling recommendations. I am not SEBI registered.
Buy KRISHANA Above 456"Delivery Idea 17-05-23
KRISHANA (CMP: 454.95)
Buy Above: 456
SL Below: 440
Target: 486"
Stock has Reversal Pattern in Day Candle and Trend Breakout and retesting in Hourly Candle.
Bank Nifty 44072 dated 15-5-2023Bank Nifty 44072 dated 15-5-2023
Daily Chart
Positional View
1. Double Top @ 44152
Buy only above 44155 for target 45500-47500
SL 43300
Sell below 43300 for target 42600-42000-41500
SL 44200
