The current view on NSE: TALBROAUTO is bullish. The analysis is done from the macro to micro time frame. Monthly, Weekly, and Daily timeframes were taken into consideration respectively.
The volume is at play here. On bullish days the volume is too high and during consolidation and bearish days, the volume is too low. Clearly there is a bullish interest in this...
From, So many days consolidation happens in stock BEL, Now Trendline Breakout happen & also, It has broken previous lower high, You can take long side position accordingly descripted in the chart.
Howdy Traders,
we already know that Triangle occurs in Corrective waves and Diagonal occurs in Impulsive waves.
Their are three type of Triangle
1)Expanding Triangle
2)contraction Triangle
3)barrier Triangle
Their are 2 types of Diagonal
1) Leading Diagonal
2) Ending diagonal
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This is the...
After a great dip of March, market has risen sustainably and distribution has been done systematically. X-X, Y-Y and Z-Z phase distributions we can see. After this a probable big correction, we can see, which will be inevitable above the trendline. One can see blue candle crossing the trendline giving the confidence to the market and we have seen another...
A sideways + ranged market is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a...
As shown in the graph, Reliance was taking major support at Trendline AB, but today that line got breached. So the Real thing that, it's a Bull Trap or some good correction is near.
So the reason why I think its a Bull Trap- (Just my thought)
1) No negativity around it
2) Stock already corrected and consolidated a lot
3) Earning is near
4) Big player breaking...
As suggested in my previous idea, below 2163, 2121 and 2073 is expected, and as soon as it broke the support it made low of 2091. Now, RELIANCE has formed a reversal pattern. The pattern will be valid and trade can be executed only if price holds above 2134 levels for target 2188, 2226, 2256 levels, else we could see 2173 and 2156.
Link below for the previous...
Nifty is in a great spot where it can go bullish or it will come down heavily.
Come key points for the published chart to watchout for:-
1. Nifty is breaking a box and retesting it and breaking again.
2. Every box difference or say high & low of box is getting smaller. ( Marked with green lines for the measurement ) What does this mean? for me it means it might be...
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Best Regards,
Dr. Shamraja Nadar
PhD in...
PEL is a fundamentally weak stock with alarming PE of 380. It has been observed from the technical chart that the price action is forming lower highs with bearish candlestick patterns, indicating bears hold on every rise. Today, we have observed a bearish gravestone doji pattern after last day bullish candles, indicating the return of bears that may now take...
Note: This is for educational purpose only.
21 EMA is above 55 EMA which indicates short term uptrend. 21 EMA has been acting as dynamic support previously as well.
Moreover, there seems to be a bullish engulfing on 21 EMA. RSI above 60 indicates bullish momentum.
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...
![TALBROAUTO: [BULLISH] TALBROAUTO - The VOLUME at play!](https://s3.tradingview.com/e/e8G4W5fN_mid.png "[BULLISH] TALBROAUTO - The VOLUME at play!")
