Reliance Stock analysis report. Reliance has formed Head and shoulder on Two years trend (around 2400 levels). Resulting in downtrend and showing signs or testing 1800 Levels. While Having this in mind It has also formed Head and shoulder (Smaller one) supporting bigger one. Target 1 - 2200 has been met and now sideways around this level. Further breakdown...
On the 1H chart a head and shoulders have formed but also a view other cases can be seen. We will have to see about the other cases as now the sell is running for right shoulder. Hope you enjoy give a like, follow and please feel free to leave a comment.
Good Short term trade - Analysis report. Has formed a good Inverted head and shoulder :) and over all uptrend is intact... guess stock has long way to gooo....it is just start. Buy nearer stop loss around 2250 or Near neck line as stock may come to retest the neck line(If we have patience :). and consider neck line was SL Target 2600+ .. Keel Trailing stop...
There are two patterns formation on Charts. Weekly a triangle pattern and Daily head & Shoulder pattern formed today. daily target 2392 may be coming. 2nd possible target 2210 in case of triangle pattern breakdown on weekly chart.
Technically it is forming a lower high lower low structure which indicates that the stock is in downtrend and with this it is also facing a downward resistance trendline and this can be seen when the inverse head and shoulder formation was formed and it failed to break through the trendline and thus eventually created a false breakout. Thereafter we can see an...
Hi everyone you have all seen TCS for past 5 to 6 days and it is going very down i think this is the reason
We have seen a bearish move in Nifty and Reliance from couple of days. Today, Reliance is at a strong support forming head and shoulder pattern at neck line. Wait and watch how the market reacts now.
After breaching the all time high of 2086 formed on Feb'2020, stock is correcting lower in a Complex-Corrective-Wave - WXY structure. Stock is already concluded its Wave-X at the high of 1925 and currently unfolding into Wave-Y of which wave-b is taking a formation of a Bearish Triangle . The measured target where Wave-W becomes equal to Wave-X is coming in...
Chart does insist me the above titled opinion Reasons In Monthly timeframe, Asian paints looks like, is in formation of a DOUBLE TOP!!! ( Making HIGH(Jan 2022)and LOWER HIGH(Sep 2022) respectively) (shown as image attached in the chart) 1. Asian paints has been travelling in Ascending channel pattern(red and green) taking support at respective levels...
RELIANCE has formed head and shoulders top pattern on the weekly chart. The stock is hovering at the trendline, as bulls got rejected this week. A breakdown from here can take the stock all the way to 200WMA of 2000 and perhaps subsequently toward 1830 support zone . Keep an eye!
Hello Friends So as we all know that after the crisis of 2020 Covid crash the market boomed rapidly up and respect any resistance but after the year 2021 was just 4 months away from ending Market crashed for the first time and after it we can see some more possibility of going the market down as we have spotted a head and shoulders pattern in nifty and also the...
Hello I don't know that have you spotted it or not but..... i spotted it today when i was analyzing Nifty 500 i found Cholamandalam Housing i found a very small head and shoulders but when i looked it more deeply i found this. But as you all know we can't sell it like intraday as we can only buy in delivery so but to take knowledge you can watch some similar...
Nifty has recently tested the Budget Day (1st February) Low. RSI is heading towards north and ready to break the previous high. It shows the strength is bullish. Nifty has bounced from budget day low with strong base forming bullish chart pattern called Inverted Head and Shoulder. Nifty is at important level forming a rounding pattern and pattern will activate...
CUMMINSIND:- The stock has formed a head and shoulder pattern on the daily chart, keep an eye Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about...
GUJALKALI:- Head and shoulder has formed wait for the breakout till then keep your eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know...
AFFLE:- Head and shoulder has formed, breakout has also given, keep your eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all...
ANUP:- The stock has given a breakout by forming a head and shoulders pattern and is back for retesting, keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check...
KABRA EXTRUSIONTEC is currently trading above the zone that previously served as a solid support zone. On the current timeframe and higher timeframes, the stock is trading above the 50EMA and 200EMA, indicating a positive trend. We can see that the price has returned to test the head and shoulders pattern's breakout, and we can also see that the selling volume is...