Daily Chart Positional Levels
Bank Nifty Cmp 39546 dated 23-9-2022
1. Double Top @ 41850
Sell below 39400 for target 39300-38900-38500-
38000-37300 SL 40500
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means...
In Silver, we have seen double top pattern forming in 3 hourly timeframe.
The double top pattern is reversal price action where prices make almost two equal high from the previous support price levels.
Silver is in down trend in daily timeframe as we can see and rejection from resistance level is good level to short.
There is bearish divergence on top of double...
As we can see BANKNIFTY is back from where it started its bull run and showed almost 1300 points upmove and is now again trading around those levels hence we can again expect BANKNIFTY to show some signs of support which previously acted as a great resistance but if fails to sustain itself above 39300 then one sided fall 500++ points coming up in single trading sessions
Formed EVENING STAR, BEARISH ENGULFING & DOUBLE TOP PATTERN IN WEEKLY TIME FRAME
EVENING STAR PATTERN low was breached on 29 Aug but not taken out on WCB & then high was breached on 13 Sept - 15 Sept continuously but not taken out on WCB, ended up in BEARISH ENGULFING PATTERN along with DOUBLE TOP. Now finally both the patterns have been validated with lows been...
Indication:-
Double Bottom
Short Term correction done
weekly Expiry is over and now monthly expiry
I am long as per the theory bank nifty has made high so nifty has to make a new short term high
All the negative news have been discounted.
Double Bottom #Breakout at #MAHLOG (Mahindra Logistics Ltd) Weekly Chart. Soon its start #Outperformed #Nifty.
BSE: 540768 \\ NSE : MAHLOG
What Is a Double Bottom?
A #doublebottom #pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index,...
Buy Monte carlo 700, till 580 for 950,1050. Double bottom made at 450 range and stock is regularly surging higher. Today at 700 is highest weekly close. Exit if falls below 450 on weekly closing basis.
#LearnInvestAndEarn
RHIM is looking good on weekly charts above 675, close above this level will give a big blast from here.
#RHIM (W):-CMP 688 Looks Good here, Ready For Big Blast :)
#Disclaimer:-View shared is for educational purposes only. Kindly study on your own before making any trading or investment decisions.
Welcorp is showing breakout on Monthly chart, close above 285 only monthly candle will be strong signal for new highs from here.
Keep it on radar, updates will be posted regularly on this.
This stock has made double bottom in Daily time frame and has reversed the trend.
The stock is trading with good volumes so liquidity wont be an issue.
the stock is new to market as this was listed recently through IPO window and has created a great returns through listing gains.
profit booking in the stocks by big players led the stock to decline. now it is...
Cochin Shipyard is forming double top on weekly chart near 420 - 435 range. These levels are very crucial as if these levels are crossed stock can shows fresh 52 week highs.
Its an early entry which will give an great risk to reward if the analysis comes true and if not can give very small stop loss. This pattern will already give 1:3 risk to reward trade till it goes to its neck line. and after its neck line breakout we can even sit for an technical pattern of W. Which will again give as very huge risk to reward ratio.
NIFTY making doubble tip and bearish divergence on daily frame. we can go short after it breaks the neckline.17300-18100 is a consolidation area it may spend few weeks in this area.
This isn't buying recommendation... I'm just validating / sharing my analysis with community of traders.
Although, I have bearish view on Infy because of recent news and thoughts of CEO about the employees. ;)
Well, Targets are %age of removal of total investment. 25% removal at every target. And shifting S/L to recent target. 👍
Due to the strong bearish candle on Friday's session, the Nifty has formed a bearish engulfing candle
on weekly charts which indicates exhaustion of the uptrend. Is this so? let's take a multidimensional view
Nifty has passed below 20DEMA above which it was taking support in last few days
which is a sign of weakness and a signal of strength...
