Nifty is currently in the downward wave three correction. We have witnessed two red rays, which are part of wave 5 of the downward wave 3. So, we can witness one more red candle day that can complete wave 5 (of the larger wave 3) on the downside, and then the market should rally up in wave 4. Beware of the major wave 5 correction which is likely to begin in the...
NIFTY 50 ON HOURLY TIME FRAME CREATING INVERTED H&S PATTERN. Considering global views nifty could correct and could reach till target 1 & target 2. target 3 is Base made by index... Views are purely technical with considering Views of Chinese and American Economic Data
Gold price analysis: The 4-hour chart offers a neutral-to-bearish stance as OANDA:XAUUSD develops below all its moving averages, with the 20 SMA providing intraday resistance. Finally, technical indicators are directionless. The Momentum indicator heads nowhere around its 100 line, while the Relative Strength Index (RSI) indicator hovers around 40. ...
Hello Traders and Investors, i hope you all will be doing good. I have brought an analysis on Tech Mahindra, i hope it will be beneficial to you guy's, So let's start:- As we have seen a Neat and Clean solid Breakout of Tech Mahindra stock after a long Accumulation Phase. Do you guy's know What is an Accumulation Phase? Okay i will write what i know about...
📊 Pattern: Falling Wedge Stock May Break down 📌 Symbol/Asset: HERO MOTORCORP LIMITED 🔍 Description: Stock in bearish momentum may break down 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
EICHER MOTORS Key highlights: 💡 ✅On 1 hour Time Frame Stock Showing Reversal of Downtrend Channel Pattern . ✅ It can give movement upto the final target of Above 3275+. ✅Can Go short in this stock by placing a stop loss below 3191-.
📊 Pattern: Falling Channel 📌 Symbol/Asset: BANDHAN BANK 🔍 Description: Stock in Down Trend 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
After a good upside rally as can be seen in the chart, 'Berger Paints' went into a consolidation phase. today it has broken the consolidation zone and also has changed the trend in the smaller time frame. Now we can keep it on the radar for the coming days so we can see if this is a breakdown which is more likely to happen or a fakeout to trap sellers. both side...
Overall Trend : Down Retracement at least 50-60 Points in Nifty50 Entry below Shooting Star SL : 5 Points + above Shooting Star Risk Reward : 1: 2:3:4:5
Look Weak chart of Voltas. The chart is forming LL and LH. A very high probability that stock will breakdown the support area. can take short entry below 745 for the next level of 700-690-685 with SL of 770
TVC:DJI sharing important buy sell zones derived from analysing resistance/support zones on major timeframe to smaller time frame study. dow has been struglling to move upward since it entered the monthly/daily sell zone and resistance are which dow has been unsuccefull to break since few weeks in past, unless we get something positive and strong news , dow may...
DLF's uptrend movement looks like fading away. In today's trading stock closed below 14 days EMA forming bearish inside candle pattern. MACD is also giving a bearish signal. Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
Apple/AAPL, Long Term Analysis DOWNTREND Apple Analysis -Monthly Chart with Fibonacci Extension
Dow Jones trading at upper range of trendline currently and are resisting to cross from last 5 trading sessions, if it did not cross then you can take a short trade below the recent low with stop loss of current recent swing high.
FIRST THE TECHNICAL VIEW Attached: Nifty IT Index Weekly Chart as of 13th April 2023 In the Chart above, I have mapped out the Potential Elliot Wave Count to play out over the coming Months: - Price has fallen in 3 Waves which is our Larger A Wave - Then Price did a Corrective bounce in an ABCDE structure making up our Larger B Wave - And now the Larger C Wave...
once again Dow price rejection at previously discussed several times as resistance and distribution area as shown in chart. Rejection is very clear with diamond pattern indicating bearish trend towards target of 32000 which is previous seen support.
DJ:DJI dow can bounce back from current support zone of 33340/33275, if breached then next support zone will be the target.
Dow jones short, enter at 33380-33410, stop-loss at 33430, first target at 33300, thank you.