crompton greaves at support level now , can form double bottom from here with good risk reward
IT index has shown outperformance in the past few days. Following it HAPPSTMNDS is now bouncing from the support. Forming a Triple bottom pattern on a weekly chart, with a Demand zone of 815 to 875.
Price is forming a triple top pattern with a top of 219-220. Looking at the option chain 220 CE of 25 Jan expiry, trading at Rs 1.75 has the highest open interest. Hence 222 is an important level. Overall it is in a crucial zone.
Go Long above 406.55 for Targets of 461.1, and 515.65 with SL 352 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 2. Also a bullish chart pattern Double Bottom is formed around 0.5 Fibonacci...
On a Monthly log chart, it is near a 9 year old trendline. Looking at the chart it seems the price closes near the trendline every 3 years. Starting from 2014, 2017, 2020 and now 2023. Every time it has given a run up of 100-150%. But this does not guarantee. Hence as price keeps giving breakouts positions can be built.
LODHA rose from 430 in Apr 2021 to 1500 in Nov 2021. Made a top 1540 and formed a falling wedge pattern. From the top price fell 50% in 5 months. This is like the covid fall. Hence whoever regrets investing during that period, this is the same thing. But there is a fact that some stocks also go to zero when they start falling. Therefore it should not be the reason...
Price is forming a double top pattern with a supply zone of 2450-2700. Doing further analysis. It is a part of the Plastic Products sector. ASTRAL is also in the same sector. Astral is also near a breakdown point. ASTRAL and SUPREMEIND are the biggest companies in the sector. Hence there is something happening all over the sector. Therefore it does not mean that...
Take an entry in USDJPY around 129.050-129.80 with target of 129.250 - 129.400 with Stoploss of 128.840
its very good opportunity on coal india that will break and will give good profit. its double bottom pattern
Investment Plan ( My own, don't take it as a call or advice, just an Idea ) This stock is making a great pattern known as descending triangle pattern, on the weekly time frame, but here you will see how the stock went under breakdown in May 2022, the stock got out of pattern and marked a lower low there with a bottom around 3100 levels; it retraced back....
Price is forming multiple patterns on the monthly chart. 1. Flag and pole Price moved from 74 to 740 in 20 months and then was consolidated. 2. Cup and handle 3. Triangle 4. Triple top It is forming a supply zone of 780-880. Hence it is important to look at the chart.
PIIND near a 10 year old trendline. It was once broken in March 2022 but closed well above the line. It is also forming a double top pattern. Therefore it will be interesting to see how everything plays out. Hence it is at an important position to study business from various other perspectives including fundamental analysis and cycle analysis.
Price is a triple top pattern with a top of 1240-1250. With reference to option chain 1240 CE of 25 Jan expiry is trading at Rs 30 with highest open interest. It means 1240+30=1270 is an important level. Hence it is at a crucial level.
It is rising very quickly but can face a resistance as it is near forming a double top pattern at 2210 levels. Although it seems that it will break out.
We can enter long position on the trend line breakout with bullish candle. We can expect target at around next resistance zone. Stoploss at swing low. Please Like and Follow me.
Chart is forming a triangle pattern. Price has fallen 18% from the top of Nov. It is also forming a triple bottom in the base of a triangle.
sbin in 4hrs time formed symmetrical triangle chart pattern. getting support from down side and facing resistance from upper side. waiting for break out in which direction stock will give then we can make 8 to10% return from stock as we can see in chart
Market analysis in advance of the budget Hello every one, here is the market study. How is the market performing in terms of pre-budget volatility? India VIX is rising, NSE:INFY NSE:HCLTECH IT stock results will be available today and in the following days, As well as a market overview of the current market structure. Watch till the end Best good luck...