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.
Leading Diagonals have 2 forms or shapes which is rarest of patterns seen in the markets
1st form - can be 5-3-5-3-5 structure (upside or downside)
2nd form- can be 3-3-3-3-3 structure (upside or downside)
Bank Nifty ( Possible 2nd form) unfolded from 24th March 2020
In the current scenario ( a possible example of 2nd form i.e. 3-3-3-3-3- could have...
Entry 430
Stop-loss 409
Target 530
Risk/Reward 1:5
Axis bank trading at trendline support. Intermediate and short term trends are up. This pullback is an excellent opportunity to go long because of a very favourable risk to reward ratio.
Don't invest more than 5% of your total capital into a single stock.
Om Namah Shivay
Brothers, Nifty could be making a leading diagonal. Check the chart.
Little early to confirm the same.
And that will confirm the pattern and target. The target is based on the (2)/B obviously.
The future possible moves are on chart.
This is just education purpose only. There are no trading suggestion from this.
Om Namah Shivay
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...
SUNPHARMA is in rectangle /ranging pattern in 1hr chart, usually after breakout the prior trend will resume.
Minimum target is the height of the pattern.
Breakout direction can be verified by volume
If heavy volume is on the downside, then it will continue the previous trend
If heavy volume on rallies and can be considered a trend reversal.
: Only sharing my...
Look at the charts and make an informed decision.
thank you
happy trading
Beware of risk involved in stock market and this is for educational purpose only.
Let everybody else speculate on the future.. "The future is uncertain and the end is always near..." For us it is alsways full of possibilities.
"This is my trading journal, not a trade recommendation. Will be Posting and updating the ideas regularly in related ideas linked below, as market progresses, only for educational purposes for me and others who want to...
NSE:MANAPPURAM
Hi Traders,
MANAPPURAM is in Sell zone and you can open new orders based on price action. Stock has broken support and neck line of H&S pattern and start moving in downward direction.
Stock Analysis
* Stock forms H&S pattern and it has broken neck line .
Buy Level
Sell below 146 (Based on price action)
Target Level
TP1= 136.50
TP2=...
Bullish Triangle Running – A Classic Scenario for MCX Gold
-------------------------------------------------------------------------------------------------------------------------------
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy,...
LICHSGFIN in Accumulation phase for last 48 Days and shaped up in beautiful bullish Continuation pattern .
Breakout through the major Resistance with huge volume and close above it.
Trend seems to remain bullish.
Levels mentioned on chart.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not...
#banknifty
Cypher pattern:- Bearish formation seen on #banknifty
Focus on PRZ - Price Reversal Zone (22,650 - 22,750)
Nifty P/E stands at 28.86, bubble expanding, be cautious.
Head & Shoulder formation in progress in a 1-hour chart, any bubble break will happen below 21,000 might see a target of 18,895.
I won't change my view based on dow or vaccine news, I...
Created double bottom at 17 - 18.50 has strong support. reached 25 level in 1st week June, then after was in consolidation phase for on month been in range 25- 29 range. if sustain in 29 level than we can see break out to 32.80. ( most awaiting price action from this counter).
There are possibilities can reach till 40 levels.
![TALBROAUTO: [BULLISH] TALBROAUTO - The VOLUME at play!](https://s3.tradingview.com/e/e8G4W5fN_mid.png "[BULLISH] TALBROAUTO - The VOLUME at play!")
