Types of Market Phases There are 4 clear market phases, and all markets go through these phases in a repeated way: All markets go through 4 clear phases in a repeated way: 1.Accumulation Phase This phase occurs after the market has bottomed and early adopters begin to buy, figuring the worst is over. At this phase, valuations are very attractive, and general...
NIfty50 stock BPCL formed Ascending triangle pattern. You can see Rising lower trend line having ascending Higher Lows and a Flat upper trend line acting as resistance line. I have marked A and B point, to calculate the target. Price at A point = 252 Price at B point = 478.65 Formula to calculate the target is Target = (Price difference between A & B) + Price...
“Control your emotions or be consumed by them.” This is exactly how the financial markets play. You need to be cautious enough to surf the wave of emotions. An illustration as to how quickly our emotions change with respect to the market movement has been explained with the help of NIFTY’s weekly chart. Optimism: It is the hopefulness and confidence about the...
Long weekly down trend appears to have bottomed out with a surge in volumes forming a "Cup" pattern. Thereafter, slight retracement from marked yellow resistance zone confirms formation of the "Handle" to the "Cup". Breakout of the Cup & Handle is indicative of a Bullish Reversal, which could push up towards the next resistance zone. NFA. DYOR.
Buy Maruti Suzuki Near 6840-6850,Stoploss 6680 Target 7280 Study : Cup & Holder Pattern Breakout and Retest Structure
It has been observed on a weekly chart that the price action is forming a bullish "Inverse Head n Shoulder Pattern" indicating buyers coming back in the stock and shall turnaround stock to upside in coming weeks. It is providing a good investment opportunity with holding time of 6m-1year. T1- 250 SL 130
Buy with sl of 153 tgt: 168/180
Fibonacci Channels are used to determine fibonacci support and resistance levels within an identified trend. These channels can easily be drawn in both uptrends or downtrends to find potential areas where price action could change. Uptrend When drawing a Fibonacci Channel on an uptrend, a clearly identified trend needs to be established with higher lows ...
Buy CDSL at CMP Stoploss 798 Target 880 Study: Ascending Triangle Pattern Breakout
All analysis has been given on charts itself. The stock has been bouncing from the same levels several times, hence the stock may bounce from there again. Hence Trades must be taken only below suggested levels of 1315 i.e Confirmation Level. Feel free to share your feedback and queries.
After long term correction, stock has given a breakout of a long term downtrend line & restested as well. On observation we can find an inverse Head and Shoulder pattern. The prices has given a breakout above the neckline of the inverted H&S with strong volume on weekly chart. On the perspective of wave analysis, we can clearly count the up move from the bottoms...
The Fibonacci ratios are widely used among traders to help identify potential areas of reversal in the movement of price action. The Trend-based Fibonacci Extension tool utilizes three points on a previously identified trend in order to draw the Fib ratios on the chart. In the chart above, price was rejected twice forming a double top which is a fairly strong...
IRCTC is taking support at rising trend line multiple times. Ascending triangle is clearly visible. This pattern gives smooth move on upside. Similarly Descending triangle gives smooth move in downside. Currently IRCTC is moving in narrow range ( marked by dotted line ) either side break. If it breaks on downside that will mark a lower high and new Lower low...
Good Volume Breakout Accumulate till 267 267 Strong Support SL 249 TP 695
* Inverted Head & Shoulder Chart Pattern Breakout with extremely high volume .
TCI:- CMP 280 (BUY ON DIP 285 TO 260) FOR TARGET 330/350 SL 230 DCB 1) Multiyear Cluster Breakout :) 2) Huge Volume Buildup
For Buying ---------------- Buy Above 374.. But not advisable for Buy.. Cannot to see any buying pressure. Even Symmetric Triangle breakout happen in upper side, there is lot of resistance.. price will difficult to move upside. For Sell ---------------- Sell Below when the trend line breakout.. if the price tested the trend line again & if breaks this will...
Simple Price Action Analysis. Breakout from Cup and Handle will take the price higher.