HPL Electric is getting electrified for the target of 400. Once 216 is taken decisively on weekly basis. it will fly with the intermediate targets as given in the chart.
This is not a buy recommendation.. For educational purpose only.
Persistent systems has been in strong bull run from 2020 to end of 2021.
Since 2021, the stock is consolidating and has formed a beautiful inverted head and shoulder consolidation as a flag of flag pole pattern
The stock might start a new uptrend above 5000. However, buying at top in such volatile market is risky.
Kindly trade as per your own analysis.
Chart patterns look apt for a short trade in Pidilite industries
REASONS
1. PIDILITIND from September 2022 has been in Downtrend forming lower highs and lower lows
2. Currently it is ,at its 3rd BEARISH FLAG pattern (gave breakdown with volume spike)
3. Previous 2 Bearish flags achieved their targets(as per pattern-pole length) without any...
NSE:DMART
DMART is forming one of the common Technical patterns in its Chart on a daily time frame.
The technical pattern here we are talking about is Flagpole.
A Flagpole is formed by strong movement in one direction creating the pole of the flag and a pennant shape by converging trendline causing the Flagpole structure complete.
This is a continuation...
Reliance currently loooks like in bear grip. I am expecting straight 100 points fall below 2400, if not more. 2300 acted strong support earlier if breaks the support we can see further fall.weak only below 2400, Rest market supreme.
