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.
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Adani Ports fell continuosly for 9 days and stopped at harmonics reversal zone of 311. Made low of 309.6 The next day it made inverted hammer and today hammer. View is to long about the high of hammer Long above 320 SL 310 Target 330,336 Highest OI is at 350 CE and 320 PE. expecting it to close in between this range Once in profit of 3-4 rs can sell 335 CE to...
Ticks : 1) Head and shoulders 2) Triple Tops. One can enter short after the breakout of the neckline. ****Disclaimer**** Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets short of CHIPS...!!
CMP- 42.5 Ascending Triangle formation Above the resistance of 43.5 can touch 46.5 RSI is favorable at 58 Today it gave a breakout of 43.5 with volume but even if it doesn't close above 43.5 today , it may do so in days to come. Keep a close watch.
Price action clearly depicts the strong bearish view for short term. Prior to the failed breakout price action was quite bullish but after the breakout failed the stock has continuously made LH & LL which is a classical bearish price action. RSI confirms the strength of bears and weakness of bulls. Once the RSI falls below 40, one can expect a sharp fall with...