SBILIFE has made an inverted H&S pattern near it's crucial 10 month old TL. The pattern has already activated and if this TL is intersected, one can expect 920 levels in the short term and 990 levels in the long term.
Larger the consolidation, more powerful is the breakout.
All logic explained on chart
For traders
First Target 2500
Stop loss 1975 to 2000 on daily close basis
It started its down fall journey with head and shoulder lets see if history repeats other side as well
buy 270 if sustains we may see target of 440 as per pattern in long run in between there are other targets as well
based on resistance. Important is sustaining above 270 which is its january high(pre covid level)
Above 2730
Sl-2560
Target 2900-3031-3340
Respecting descending trendline from aug month
finding good support near 2500-2442(which is also fib bonaci levels )
above all important moving average
PNB has given breakout ( double bottom pattern as well as long term trend line) on daily chart . This breakout is supported with huge volume . post breakout, it has tested the support and ready for fresh upmove. Minimum upisde should be about Rs 50
Disclaimer : for education purpose only
#zensartech 3 Strong reasons: 1 -- passed 2 major levels and string bullish engulfing candle formed... 2 -- Volumes are very good when passed current hurdle...
3- Channel Breakout... Enter above 265 with SL 250 for 300 - 330 - 350
BPCL is looking good to blast out of the 400 mark with a cup & handle formation. One can go long above 398 and expect 405 levels in the short term and 414 levels to be achieved in the long term.
Bajaj auto showing parallels channel breakout at 3160 and after breakout its retraced and continue its bullish rally towards the 3485+ target.
Possible Trade:
Buy BAJAJAUTO Above 3242
Stop-loss - 3160
Target 3485+
GUJRAT FLUOROCHEM Spot chart is forming CUP WITH HANDLE pattern. If Retest neckline may give and go up then it may give marked target to validate this pattern successfully.
VIEW NEGATED BELOW - 509 (DCB).
This stock is very interesting for me. Why? Let me explain
Let's start with monthly chart.
Last time it touched 200 level it bounced back like anything and again it touched level of 200 and this time also it failed to break those level and more interestingly it created a W pattern with Double bottom in longer term as well.
Let's look at weekly chart now.
A...
This is ICICI monthly timeframe chart, which has a major trend as an uptrend.
In this, 1 to 4 waves have been formed and to complete the impulse module, the 5th wave is going to be made.
The third wave is extensive. The wave count of it is a bit unclear. When we count the minor waves of the 3rd wave, the 4th wave of minor waves is overlapping. But if we see the...
BTC USD in Harmonic wave Maximum length 16763 and after returned towards downward one can go for sell 16440 with a stop loss of maximum length no. and target given on the chart.
