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H-pattern

Punjab National Bank Flag Breakout Setup📈 Punjab National Bank (PNB) – Flag Breakout Setup Observed a classic flag pattern on the daily chart after a strong pole move in 2023–24. ✅ Breakout above the channel confirmed with price action near 113. ✅ Entry plan: Watch for daily close >113 with volume. ✅ Stop-loss idea: Below 106. ✅ Target 1: 140 (first swing resistance). ✅ Measured move projection targets up to ~198 possible based on full flag pole. Volume confirmation and broader market context will guide the actual trade trigger.
NSE:PNBLong
by Punit190
OPTIEMUS | Reclaiming Zones, Respecting Trendlines🟩 Price is navigating a critical structure: White Line = Major CT (Control Trendline) — currently acting as resistance. White Zone = MTF Supply ➡ Demand Flip Zone — price is holding above it. Blue Zone = WTF Demand Pocket — also reclaimed recently. 📌 After reclaiming both the blue and white zones, price is now consolidating just under the CT, possibly coiling up. 🧠 Not a prediction. No tips. Just structure-based storytelling.
NSE:OPTIEMUSLong
by Averoy_Apoorv_Analysis
7
CT Breakout + H&S! What’s Brewing in Udaipur Cement?📌 Chart Overview A clean Counter-Trendline (CT) breakout is visible on the weekly timeframe. The breakout also aligns with a classic Inverted Head & Shoulders structure. The left shoulder, head, and right shoulder are all clearly formed, suggesting a potential reversal pattern. 📌 Hidden Resistance Lines Dotted white lines represent hidden resistances, derived from prior swing highs/lows. The extended hidden line from the top acts as future resistance, adding confluence to the zone. 📌 Monthly Supply Zone A monthly supply area is marked at ₹34.63, closely aligning with the extended hidden resistance. This zone could act as a potential hurdle in the next leg up. 📌 Volume Analysis Breakout lacks strong volume, which is a key point to remember.
ULong
by Averoy_Apoorv_Analysis
Bank Nifty Breaks Out: Classic W-Pattern Signals Bullish MomentuThis chart represents the **Nifty Bank Index** (BANKNIFTY) on a daily timeframe and showcases a technical analysis using: 1. **Fibonacci Retracement Levels** 2. **A Classic W-Pattern (Double Bottom)** 3. **RSI (Relative Strength Index)** at the bottom --- ### 🔍 **Pattern Analysis** #### 📈 Classic W-Pattern (Double Bottom) - A W-pattern, also called a double bottom, typically indicates a **reversal from a downtrend to an uptrend**. - It’s clearly marked in yellow, showing the index formed two distinct lows around the same level. - This formation was followed by a **bullish breakout** above the neckline (horizontal resistance), confirming the pattern. --- ### 🔢 **Fibonacci Retracement Levels** - The retracement tool is drawn from the swing high (around 54,421) to the swing low (around 43,546). - Key levels marked: - **0.236 (52,835)** - **0.382 (51,853)** - **0.5 (51,060)** - **0.618 (50,267)** - **0.786 (49,138)** - The price **retraced to the 0.5-0.618 level** (a strong support zone) before resuming its uptrend — a typical bullish retracement behavior. --- ### 🔄 **Recent Breakout & Momentum** - After retesting the neckline (as indicated by the arrow labeled “Retracement”), the price **broke above previous highs**, signaling strong bullish momentum. - The latest candle shows a significant upward move, closing around **54,290**, very close to the **previous high of 54,421**, suggesting a potential **breakout into uncharted territory** if volume supports it. --- ### 📊 **RSI Indicator** - RSI is around **72**, entering the **overbought zone (>70)**. - This indicates **strong bullish momentum**, but could also suggest a potential for **short-term consolidation or minor correction**. --- ### ✅ Summary - **Trend**: Strong bullish trend confirmed by W-pattern breakout and higher highs. - **Support Levels**: 51,060 (0.5) and 50,267 (0.618) are key support zones. - **Resistance**: Immediate resistance is the previous high at 54,421. A breakout above this could lead to new highs. - **Momentum**: Overbought on RSI – bullish strength, but monitor for possible pullbacks.
NSE:BANKNIFTY
by AnkurDasTrader
Max Financial Services Ltd – Trend Reversal in Play?🚀 Technical Analysis Breakdown: The yellow trendline shows a long-term support, which has held well despite recent corrections. The red downtrend line indicates a recent bearish phase, which has now been broken with a strong bullish candle. The stock has bounced from the trendline support, showing signs of strength. Above all the strong Pinbar candle looks amazing for a candle close . 🔎 Your Take? Do you see further upside or a pullback? Comment below! 👇
NSE:MFSLLong
by Averoy_Apoorv_Analysis
Identical patterns in Godfrey Phillips and Swan EnergyI showcase two identical patterns in Godfrey Phillips and Swan Energy in this video. I had previously traded Swan Energy, and because I journal my trades, I remembered its price action when I spotted the same setup in Godfrey Phillips. This is the power of journaling! By maintaining a trading journal, you track your profits and losses and improve your ability to recognize repeating patterns and backtest data effectively. Do you maintain a trading journal? Let me know in the comments!
NSE:GODFRYPHLPLong
by Averoy_Apoorv_Analysis
SOL Eyes 40% Surge: Strong Technical PatternsKey Observations: 1. All-Time High (ATH): Marked at 259.59, indicating a significant resistance level. 2. Bullish Patterns Identified: • Higher High (HH) and Higher Low (HL) Structure: • This indicates a bullish market structure where price is making consistent higher highs and higher lows. • Fair Value Gap (FVG): • An imbalance or inefficiency in the price that could act as a magnet for price to revisit before continuation. • Bullish Triangle Pattern: • Suggests price consolidation within narrowing ranges, typically preceding a breakout to the upside. 3. Support Zone: • A green box around the 175–180 region shows a strong demand zone where price could reverse upward if retested. Projection: • A breakout is expected either towards the resistance zone (near ATH) or lower if the support fails. Actionable Steps: • For Bulls: • Watch for bullish confirmation (e.g., bullish engulfing candles) near the FVG/support zone. • Target the ATH as the first major resistance, with a potential breakout higher. • For Bears: • Monitor price action for a break below 175. This could signal bearish momentum towards lower price targets. DISCLAIMER- THIS IS FOR EDUCATIONAL PURPOSES ONLY, PLEASE DO YOUR RESEARCH BEFORE INVESTING
Long
by Trade_lyst
4