Bharti Airtel has finished Wave 5 according to the Elliot Wave Theory and is poised for a correction. We're currently anticipating a strong follow-up candle to the recent Lower High (Spinning Top Candle), which could signify a trend reversal. ADDITIONALLY, ENDING DIAGONAL TRAIANGLE CAN ALSO BE SEEN.
Nifty me Downtrend As you can see in chart nifty took exact resistance from FIBB Golden Zone and is now following downtrend. reason and targets as follows, Reason - - Major Trendline Breadown - Perfect FIBB retest from Golden Zone Target - Follow FIBB Levels from Chart
Nifty was tested 22022 as per our previous prediction. It was filled the gap successfully. It is also showing strength as per our prediction from reversal level 22000. Positive Divergence seen on chart. It can long for target 22430 and also 22720 on extreme case.
Why We Think the Price Might Drop: 1. The support level broke at 2160 and is being tested again. 2. The RSI (Relative Strength Index) is around 40, suggesting a signal to sell. 3. The Super Trend indicator indicates a bearish trend. What Might Happen Next: Overall, it might be a good idea to sell XAUUSD when the price is around 2160 . We're aiming for...
Why We Think the Price Might Drop: 1. The price is hitting a trendline around 2195-2205 . 2. We expect a correction after a big increase in price. What Might Happen Next: Overall, it might be a good idea to sell XAUUSD when the price is between 2200-2210 . We're aiming for targets around 2145 and 2085 afterwards.
Data Patterns (India) Ltd 1) Time Frame - Daily. 2) The Stock has been in a downtrend / consolidation since (September, 2023). Now It has given a breakout & Closed at it's 5 months High with good bullish momentum in Daily Time Frame. 3) Option 1 - With the strong 5 months consolidation breakout in Daily, Buy at this current level. Option 2 - Wait for the strong...
Today price break the trend line. As we can see price create a head and shoulder pattern. It's indicate that price will go down with in couple of days. Indicator: MACD divergency. Support 1: 1042 Support 2:1032 if we can see a bearish candle create near 1042 then we can take short position target of 1032 .
VAIBHAVGBL 1) Time Frame - Monthly. 2) The Stock was in downtrend since 2021 and had a breakout in August, 2023. 3) It has been consolidating since August, 2023 and has given a breakout with bullish momentum & Huge volume. 4) The stock may reach its previous Life Time High (1050) in the long term. 4) Recommendation - Strong Buy
PAKKA 1) Time Frame - Weekly. 2) Stock has given a breakout with huge volume & strong bullish candle close in weekly. 3) The next target would be around the price (460 - 19%) from the current price 385.45. 4) Recommendation - Strong Buy
Big Red Candle: Today's trading session witnessed a significant bearish movement, evident in the formation of a substantial red candle on the daily chart. EMA Confirmation: Adding to the bearish outlook, Banknifty closed below the 20 EMA, reinforcing the negative sentiment among traders. Short-Term Downtrend Signals: Lower Low and Lower High Lower Low...
INDIAGLYCO 1) Time Frame - Weekly. 2) 2 Years of Downtrend Breakout in weekly with huge bullish candle and volume. 3) Next resistance / Target would be its previous Life Time High at price (1151.95 - 22%). 4) Recommendation - Strong Buy
3 Gaps Still Pending Candles are Getting Weaker ......................................................................
NIFTY index on a weekly timeframe, a notable diamond top formation seems to be developing. Historically, diamond patterns have often signaled significant price reversals. Based on this observation, a potential 1000 pts move could be on the horizon. Analysis: Diamond Top Formation : The diamond pattern, often considered a reversal formation, has manifested...
Pokarna Ltd. has been in a downtrend for quite a bit, but this week it is breaking the structure of the downtrend and shifting to an uptrend. Buy Eligibility will require I. The price to close above 420 ii. The high of this week is to be broken. The chart is for educational purposes, and trade as per your analysis.
As per my views , i can see copper in down trend, which it could go 700. In higher time frame it is visible "Head and Shoulder pattern".
* All the information shared in this chart is provided for strictly educational purposes only. * This chart is sharing information are based on the theory of technical analysis . * This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security. * Back test yourself before jump into live market consult your...
A resistance level is the point on a price chart at which an upward price trajectory is impeded by an overwhelming inclination to sell the asset. If a market price is nearing a resistance level, a trader may opt to close their position and take the profit, rather than risk the price falling back.
The moving average works just as well in lower and higher time frames. As a result, day traders will find benefit in placing 50-bar EMAs on 15 and 60 minute charts because they define natural end points for intraday oscillations