Double bottom or W pattern has formed .These both are reversal patterns so nifty is expected to move up from here. We can wait for little retracement then buy. Disc:Only for educational purposes
Nity double top break out is confirmed. It may have some pull backs But immediate target is 14200
3 weeks earlier also I had published an idea saying that USDINR could soon see levels of 76, and my target achieved. Now, it looks like its ready for 76.5 by giving breakout of double bottom pattern with rising RSI and positive MACD crossover .
Nifty has broken down on weekly chart from an expanding wedge and a doble top is nested inside that wedge Looks like a powerful topping pattern. Beginning of the bear market?
Nifty Futures (04 Mar) Gap down opening low made 16235 It would be double bottom pattern formation. If prices sustain above these level for more that 2 hours. then we can see a decent bounce back
If nifty holds below 16500 this week could complete the double top formation. That will be very bearish and that could be beginning of a multi year bear market.
The Levels are marked in the chart. This is only for educational purpose, please do your own analysis before trading/investing.
Hello Traders, Today BANKNIFTY initially faced resistance in the first candle at daily pivot - S1. We waited for the market to form the INITIAL BALANCE. After that BANKNIFTY formed a DOUBLE BOTTOM - CHART PATTERN. Then it breaked the S1 and perfectly retested that level. ( Break & Retest Strategy ) ( NOTE : broken resistance will now act as support ) * That...
Nifty has made a double top in weekly TF which can be seen clearly. The neckline of this double top is 16200-16400. We should keep this pattern in back of our minds while trading for next few weeks. If tensions escalate in geo-political situation then in upcoming weeks we can see a break of this neckline and a potential Tgt of this double top will be 14500. Trade...
W-PATTERN FORMATION . CAN BE BOUGHT FOR MINIMUM TARGET 9620 WHICH IS 50% RETRACEMENT FOR LONG TERM FIBONACCI. If reverses can further added at trendline retest and Fibonacci 0.236 level.
Stock is showing Bearish order flow in Higher timeframe, can look for shorting opportunity, but on the contrary if the stock breaks above 932 level on the upside can look for long entry with a target of 945 - 949 levels
nzd usd is making triple top sell when touch and make a berrish englafin candel or inverted hammer it is good 1 isto 3 ratio trade
Disclaimer: I don’t own shares of Cognizant Technology Solutions ( CTSH ) The below analysis is not a trading or investment recommendation & is only for learning purpose. 1. CTSH entered a long-term uptrend in Nov’21 with price closing above the 200MA. 2.Price broke the previous high around $83 after having retraced 38% to $66. 3.Price has formed a double top...
Go Long above 1229.65 for Targets of 1318.3, and 1406.95 with SL 1141 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618...
For the first time BITCOIN had shown a negative MACD histogram on monthly charts be cautious, also Double Top is clearly visible and RSI has also shown breakdown below 60 making its chart the dangerous one.
Double bottom pattern. A double bottom 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, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter...
Spike In volume in 2nd Bottom Compared to 1st Bottom Both Indicating an uptrend
Nifty has formed a clear double top in Day timeframe which shows that if the neckline is broken i.e 16400 then the next stop is at 14500-15000 range.