This is also a converging triangle formed with one flat horizontal line on the top & an inclined line meeting at a common point as illustrated in the chart. The flat horizontal line act as a resistance for the prices & the on the inclined line the prices take support. It’s not necessary that the ascending triangle formation takes place only in the bull market,...
L.T.Foods Ltd-Cup & Handle Pattern Breakout Weekly Time Frame. Entry Zone-100/110. Expect a Target(1)150/Target(2)180.Stop Loss-85 Closing Basis. Only Education Purpose.
FX:EURUSD Hi Everyone Its been a long time almost an year EUR/USD had been falling. We were falling in an structure of L series (mean long term wave ) and recently we have completed L5 a 0.98132. Now its time for an ABC correction structure which we represent with LC1, LC2. ( C stand for correction). Let see structure equation, 1) We are in (LC 1 >) in...
Hey everyone! 👋 In the next few posts, we'll be looking at the key elements involved in building a solid trading plan, but today, to introduce the concepts in a fun way, we will be looking at a completely hypothetical situation. - Let’s say that you’re walking down the street, and a stranger approaches you with a business proposal; he’s recently sold his...
Patterns play an important role in trading. Especially when the same patterns appear on the different time frames. In Marico we see the formation of triangle patterns on Daily, Weekly and Monthly time frames. Daily Chart - Ascending Triangle Pattern In two trading sessions the price had tested the upper and lower length of the triangle. So, from this we predict...
NSE:MAXHEALTH BSE:MAXHEALTH Time Frame – Weekly Observations :- * Trading in Right-Angled Ascending Broadening Wedge pattern * ATH Breakout above 458.05 * Symmetrical Triangle BO and small range (395-345) BO done last week * Good Consolidation & Range formation going on in 320 – 458.05 range Resistance – 555 / 665 / 765 / 870 Support – 395 – 345...
How to Find Pattern Targets correctly. Many people miss the basic points while calculating target from patterns as per text books. I have explained how to calculate targets and how i do it for myself.
Hi all, hope you guys are doing well. Over the last 2 months, we have seen a great rally in the majority of the indices, except one - The IT index. Read this post to find out why I think IT is going to pump soon! 1. The IT index has been strongly underperforming the benchmark as well as all other sectoral indices for the last few months. I have taken the June...
Hey everyone! In this post, we are going to talk about a candlestick pattern known as Marubozu, along with a few exhibits that may help you solidify your understanding of this pattern. Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular style of...
Exide looks strong on weekly chart by breaking falling trendline resistance with good volume jump and breaking Bollinger upper band too and gives a bullish closing on above both so that we can see coming bullishness in this counter. Cause of long-: 1- Falling resistance breakout. 2- Bollinger bands breakout. 3- Volume breakout.
NSE:INDTERRAIN BSE:INDTERRAIN Time Frame – Weekly Observations :- * Trading in Ascending broadening wedge pattern * Facing Resistance in 75-65 zone * Major BO above 75 * Trendline resistance break with good volume * Weekly 200 SMA break with good volume * Good volume activity seen * If weekly / monthly closed above 75 then Price action is changing ...
AXISBANK 75m chart is exhibiting a cup and handle bottom formation within a broader tilted Head and Shoulders formation. Bulls and bears fighting for dominance, although bulls seem to be winning with this cup and handle in place. Would be interesting next few days to see which side the tide turns and therefore which side do we need to turn and enter our position.
Balkrishna Inds Cmp 2007 dated 7-9-2022 1. Trendline support @ 1950 2. Falling Wedge Pattern BO @ 1915 Buy above 2015 for a tgt of 2040-2065-2100-2150 2240 SL 1950 It is just a view, pls trade at your own risk.
Channel breakout in Exide Industries Stock has broken its previous major resistance with significant volume. Also, we can observe a Inverted Head and shoulder breakout in hourly time frame. For further strong momentum in the stock, price has to close above 174 in daily chart. Price between 165-170 is a good range to enter the trade. Stop loss can be placed at...
Discription: Stock Name: ESCORTS Chart Pattern: Falling wedge pattern Time Frame: 15 MIN Entry: Breakdown below -1990 Targets: Breakdown target -1933
CMP: 220 - Earnings gap on 18 July, never looked back - Broke out above 200 EMA - Trading sideways above 21 EMA since then
ULTRATECH CEMENT .... 1 - forming cup and handle pattern and inverted h&s pattern 2 - 5 month consolidation 3 - good rsi momentum 63 4 - golden crossover buy above day high
Chart -> FSL Daily Today FSL has given a symmetrical triangle breakout with a huge volume bar. CMP: 114 Targets: 125 and 140 SL: 106, daily close Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.