INDUSINDBK has formed flag pattern after bullish move from breakout of cup & handle pattern.
It also have trend line intersecting at current price.
Above 630.5, it can show another set of move in coming days or tomorrow.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging...
ITC (CMP: 172.20)
Date: 12 Oct 2020
Interesting setup in ITC. Today's price has broken the falling trendline and most important point to note is that the volume breakout is 3 times than the avg. volume in the last 40 days. The only concern is that today's inverted hammer candlestick couldn't give breakout above the 20 DEMA. However, since Covid, whenever RSI in...
Note: This is for educational purpose only.
After a steep downfall, there seems to be a bullish hammer/ bullish pin bar at support level. Moreover, there seems to be a bullish RSI divergence which indicates there might be rise in price.
According to technical indicators and candlestick analysis looks like the Indian I.T sector share gets overstretched and correction is possible. Also, RSI is in the overbought zone (80), and also in day frame analysis, it has formed a "Shooting Star" pattern (Trend reversal pattern).
Here, by Nifty I.T analysis I am referring to I.T stocks
Eg: NSE:TECHM , ...
Currently infratel trading end of its ascending triangle bullish trend formation. We will see either breakout or breakdown in this stock in tomorrow session. There have two possibilities mentioned in the chart due to stock trend is downtrend but the market trend is positive.
Keep an eye on BHARTIARTL forming an official book like triangular pattern this might breakout soon in upcoming days.
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Calculate your RR Ratio and then trade. Stoploss should be below the previous immediate swing.
Note: This is for educational purpose only.
21 EMA seems to have acted as a dynamic support before in Laurus Labs uptrend. There seems to be a bullish engulfing at 21 EMA. RSI above 65 indicates bullish momentum. There seems to be a bullish breakout in RSI as well.
Inverse Head & shoulder pattern formation in nifty. It indicates a stronger bullish move above 11305 levels. According to the pattern, we will see the minimum target is 11475 after the breakout.
Here is my 2 cents on HDFC LIFE as why I am very bullish on the stock
1.Inverse Head and Shoulders pattern on daily and weekly time frame.
2.Decending Triangular pattern on upside, signifying continuation of major trend i.e., uptrend.
3.100 day Moving Average support.
4.3rd time taking support on the trend line.
5.Stock taking support 3rd time at 0.236 Fibonacci...
Beautiful Symmetrical Triangle pattern shaped up in CHOLAFIN.
Waiting for confirmation of pattern and upside breakout.
Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
95% TRADER TRADE WHAT YOU SEE ON THE LEFT SIDE. THE PERSON READING THIS , YES YOU ! You have also traded like the 95% retailers havent you and at some point you realise that it isnt working for you!
Smart money lies with the 5% , but you never realise that !
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!!
If the price is unable to take out the red zone in 1hr & 4hr time frame then it will consolidate in between the red and green...
Hello friends , Today i have the technical chart Of Relaxo Footwears . Friends as you can see here that it is making Inverted Head and Shoulder chart pattern which means it can go up but if you see closely that it can also break and can go down . Because it is not that much type nice Inverted Head and Shoulder . Its Neck line you can take is at rs 680.10 and its...
We have identified some technical reasons of recent fall in Indian share market in Fab-Mar 2020.
After that we saw a sharp upside rally but in middle of Sep we are finding some major technical reasons which can move the market further downside.
Parallel Channel Formation In M&M, Look Good For Buying And Selling After Support And Resistance Is Taken Away .
Buy After - 655
Sell Below - 595
Median Support - 630
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
IEX has been consolidating since Jun 20 in narrow range and gave breakout 14 Sep 20 and retested its breakout level in previous day session. Formation of a good bullish candle here will make a good buy for swing / Long term. You can see inverted Head and shoulder pattern as well.
![INFRATEL: [Short Term] INFRATEL Ascending Triangle Pattern Analysis](https://s3.tradingview.com/j/jIYft2i7_mid.png "[Short Term] INFRATEL Ascending Triangle Pattern Analysis")
![NIFTY: [Short Term] Head and Shoulder Formation Breakout above 11305](https://s3.tradingview.com/y/YdqFGIZT_mid.png "[Short Term] Head and Shoulder Formation Breakout above 11305")
