Community ideas
[Conditional Short]Double Top Neckline breakdown in NIFTYIn today's session, Nifty showing breakdown of its double top pattern neckline with strong bearish candle. After breakout of this support expected nifty will give downside target of 13600 in upcoming trading session. Today nifty hold its nearest trend support. We can wait for breakout of this support too. After breakout possible quick downfall towards the target.
This view only valid if nifty trading below 13250 level. If nifty trading above 13600 this view will be change.
Burger King ready for a bull runBurger king is consolidating for a time and has also formed a double bottom. Chart pattern and MACD single are showing some trend reversal sign means single for a bull run.
Buying zone - 130 or below
Targets - 150 ,170, 170+
FAQ
- What are Double top and double bottom?
Answer - Double top and double bottom are reversal chart patterns observed in the technical analysis of financial trading markets of stocks, commodities, currencies, and other assets.
BANKNIFTY ON 15 min CHART PATTERNBanknifty has formed double bottom pattern on 15 min chart. If we look closely it is approaching towards its resistance level. Tomorrow we have news on INTEREST WAIVER. So we would suggest to wait until the decision. If the decision favors for market one should go fir long positions ne cause there’s a chance bank nifty might break 200 ma and change its trend.
▰ Stock of The Month #2: JUBLINDS ▰► Stock of The Month #2 ◄
➟ Everything on Chart !!!! ➘
📌 I have found 15 new patterns on the charts. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ I will post the remaining patterns one by one every month. For more, you can check out my previous studies 😍 as well.
☆ Follow me @ tradingview for more updates. Kindly like the chart ❤ & share this analysis.
☆ Thank you. Happy Trading!!!
Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✮ Disclaimer ✮
--------------------------------------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
--------------------------------------------------------
[Positional/swing] HPL Electrical LongBO with recorded high volumes now at retest
Buy at CMP (good buy zone is 50-45)
weak below 38(Small cap so please maintain SL below 38 on closing basis)
target of 64-74-90
Resistance acts as Support near 49-47 Also Fibonacci retracement zone (61.8%) near 48
Increasing volumes during uptrend
volume dry up during consolidation
Inverted Head & Shoulder Pattern * A beautiful chart set up in HPL Electric Motor Ltd. when volume is exceptionally low or high, it usually pays to take a closer look.
High volume represents that big players are participating. In this stocks inverted H & S breakout with significant volume at time of breakout .
Bullish Peanut Breakout! a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents. Buy with stop loss close below 29.50.
Bandhan Bank Chart AnalysisDouble Top Pattern
1. Double Top Pattern is a Trend Reversal Pattern.
2. In this case the trend prior to the Double Top Pattern was clearly an Uptrend.
3. Bandhan Bank broke the confirmation line and a good entry, in this case, would have been @ 374 on 15.01.2021 using the Retest Entry Technique.
4. Target would have been the Height of the Double Top Pattern or 2R.
Ascending Triangle Pattern
1. Ascending Triangle Pattern is a Trend Continuation Pattern and should be identified in an Uptrend.
2. Similarly, Descending Triangle Pattern is also a Continuation Pattern and should be identified in a Downtrend.
Bandhan Bank is forming an Ascending Triangle Pattern in a downtrend. Is it still valid to trade this pattern?. Nonetheless, the fact here is that the buyers seem to be in control forming higher lows and if the resistance of 350 is broken we can go for a long trade with a target of 380 (confirmation line of the double top pattern) or 400 (width of the base of the triangle). But it all depends on how the stock behaves at the breakout or breakdown.
💡Don't miss the great buy opportunity in EURUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.2155).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.20.
Take Profits:
TP1= @ 1.2240
TP2= @ 1.2285
TP3= @ 1.2345
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Head and Shoulder Pattern Breakout in MARUTI for target of 6132-In today's session, Maruti gives head and shoulder pattern on the daily chart. After this breakout huge downside expected. According to the pattern projected target possible 6132 in the upcoming few trading sessions. 6740 and 6300 levels will act as intermediate support during this fall.
