Get started

Gartley

HDFC Bank - Bullish Gartley / Failed ZEE / BlockBuster IREDADisclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? HDFC Bank: Bullish Relief in Sight The stock has formed a bullish Gartley pattern with a Potential Reversal Zone (PRZ) at 1375-1390. This zone, backed by historical support, offers a glimmer of hope for bulls following the recent market downturn. For a continued bullish view, it's essential that HDFC Bank holds within the 1375-1390 range. In simple words, It's important the stock stays in this range (1375-1390) for a good chance to go up. Be careful with your trades. ZEE Entertainment: A Missed Bullish Trigger ZEE Entertainment failed to surpass the critical levels of 250 & 300 as suggested & didn't go up as we hoped., which were essential for a bullish move. Consequently, we had to manually close this trading idea. It serves as a reminder of the market's unpredictability and the need for vigilant trigger level monitoring. IREDA: A Stellar Run IREDA's performance has been nothing short of spectacular, with consecutive Upper Circuits from the purchase zone of 110-112.50. Remarkably, the stock rallied from the 114-116 area to close at 169, hitting our projected target zone of 165-175. This success story provided an exhilarating experience for those who seized the opportunity, showcasing the rewards of timely and strategic trading. As we navigate through these market dynamics, let's stay informed and strategic in our decisions. Here's to a fruitful week ahead in the markets! From WaveTalks Market Whispers
NSE:HDFCBANKLong
by WaveTalks
1
Redington's Chart: Support at Rising Trendline In this analysis, we will delve into the technical aspects of Redington's chart, highlighting the support at the weekly rising trendline and the potential Harmonic Pattern Gartley formation. We will assess the potential buying opportunity for Redington based on the technical signals. Let's proceed with the analysis. Chart Analysis: The TradingView chart for Redington reveals several significant technical factors that may influence the stock's price action. Support at Weekly Rising Trendline: Redington's chart is finding support at the weekly rising trendline, indicating a potential area of price stabilization. This support level suggests a positive trend and may attract buying interest from traders and investors. Potential Harmonic Pattern Gartley: The chart shows that Redington is about to form a Harmonic Pattern Gartley. Harmonic patterns are based on Fibonacci ratios and are considered potential reversal patterns. The completion of the Gartley pattern around ₹154 could signal a bullish trend continuation for the stock. Trading Opportunity and Targets: Considering the technical signals, a potential buying opportunity may be presented for Redington. Traders may consider initiating a long position at the current market price (CMP) of ₹158. However, it is essential to acknowledge that the suggested stop loss at ₹152 is intended to manage potential risks. For the target, a potential level is set at ₹165, representing a potential upside target based on the Gartley pattern formation. Conclusion: The technical analysis of Redington's chart suggests a potentially bullish outlook for the stock. The support at the weekly rising trendline and the potential Harmonic Pattern Gartley formation indicate a possible trend continuation. Traders may consider entering a long position at the CMP of ₹158, with a stop loss set at ₹152 and a target of ₹165. As with any investment decision, caution should be exercised, and it is recommended to conduct thorough research and consult with a financial advisor before making any investment choices. Additionally, traders should closely monitor the stock's price action and consider implementing appropriate risk management strategies.
NSE:REDINGTONLong
by yaashul
Bullish Flag & Pole B/o in ShalbyA bullish Flag and Pole B/O has been seen on the Daily chart of NSE:SHALBY As per the current breakout structure of flag and pole one look in to it to create a fresh position at cmp with a SL 167 for first target of 197. Exit the position if the stop lss triggered on daily closing basis. The risk reward ratio for the trade is 1:2 Expecting a small favour from you to like, sahre and prmote the idea. Your comments are most welcome. The idea is for Educational Purpose only.
NSE:SHALBYLong
by raigvivek
Bulish Flag & Pole B/O in Z.F.SteeringA bullish Flag and Pole B/O has been seen on the weekly chart of BSE:ZFSTEERING It is als consolidation within the Ascending Triangale also. As per the current breakout structure of flag and p [ole one look in to it to create a fresh position at cmp with a SL 590 for first target of 690. The tragts may be more hisher when it gives the breakout of the Ascending Trinagle. I will update accordingly. Exit the position if the stop lss triggered on Weekly closing basis. The risk reward ratio for the trade is 1:2 and more if ascending triangle breakout happen Expecting a small favour from you to like, sahre and prmote the idea. Your comments are most welcome. The idea is for Educational Purpose only.
BSE:ZFSTEERINGLong
by raigvivek