HEAD & SHOULDER pattern shaped up in Tata Consumer.
Bearish movement may remain intact.
Levels mentioned on chart.
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(:)
Symmetrical Triangle pattern shaped up in Axis Bank .
Decreasing volume pattern seen during the Pull Back
Bearish movement may remain intact.
Levels mentioned on chart.
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(:)
Last Price- 11050 / 11:27 Hrs / 22nd Sep 2020
Hope You Enjoyed The Last Crack from the Tops of 11600 to 11085 . Some relief can be expected until it holds the channel support at 11085 -day low so far.
Stops Below 11085
Target - 11190 / 11250 / 11325...
Based on today's move, have changed wave numbering of the correction as shown on chart ... Wave C of the correction appears to be unfolding ... Resistance and support zone of 11300-11310 and 11155-11140 respectively, has been marked on chart ... If Nifty manages to break the resistance and sustain above it, an upside rally can be expected till 11420 .. However, if...
Observations:
-> Elliott wave (5 Wave count)
-> Major Resistance at 1972 turned in good support.
-> Used Cyclic Timeline (Probably trend reversal)
-> Short term major resistance at 2800
->Targets based on Fibonacci
This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal, a swift & a sharp...
In Market when your analysis Goes wrong many geos in to Panic , few take voluntary stops and few hedge with Options and try to save them self
the Question is do professional do errors ? The answer is very Much Yes , we do make mistakes , We do take wrong trades ,
Then the Question is what is the Professional response or approach for such errors ??
An...
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...
After a recent high of 11800 , nifty has given a fall to the level of 11185 with a pattern called a LEADING DIAGONAL.
Leading Diagonal is formed when a new trend is going to start or at the starting of a ZIGZAG CORRECTION for the prior move.
As per the current structure , we can assume it is going to have a zigzag correction.
Trading Strategy:
Sell in the...
The stock market it self is full of self claimed pandits , neither they have track record not they have bank balance
but in their life they want to be called as pandits , they want public money as subscriptions
Because of which Many institutional get benefit at free of cost , thanks to Self claimed pandits , they provide high liquidity to institutions at...
TATA COFFEE : The stock is travelling in a impulsive channel & currently the wave 3 is unfolding. As per the internal structure we can clearly see that, the wave 3 is being extended & look like it has completed its 4th of third wave. So we can expect an upside move in the stock to complete its 3rd wave. One should look buying opportunity if the prices sustain...
DISCLAIMER:There is no guarantee of profits or no exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial...
