NSE:ITC 1. Bullish RSI Divergence at Daily & 15m timeframe. 2. Formation of ascending triangle , which is considered more towards bullish probability trend. 3. Formation of higher low at daily timeframe. 4. Hourly candle took proper support on 22nd Jan during last 1.5hours at the resistance shown , respecting the long trend line. 5. Price above EMA 200...
NSE:INFY AFTER A LONG RALLY ,PRICE STARTED TO CONSOLIDATE FROM MID OF OCTOBER FORMED A TRIANGLE PATTERN,WITH STRONG SELLERS INITIALLY PRICE DID NOT BREAK BELOW REF. POINT A, ALSO IT FORMED KIND OF HIGHER LOW FORMATION,INDICATING SELLERS ARE BECOMING WEAK PRICE HAS TESTED RESISTANCE LEVEL 1148-1150 FOUR TIMES. NEW RALLY MIGHT START ONCE PRICE BREAKS...
Higher Low formation price sustained above downtrend trendline Pennant pattern breakout with huge volume RSI Divergence on 4 hours chart Buy above 365 Target 400/430 SL 335
this stock making higher high and higher low formation on weekly chart and look like ready for take off from here for next higher high.keep stop loss below latest higher low on weekly closing basis.
Metropolis has been making a series of higher low while taking support at the trendline. I have marked higher lows for the reference as well. Upper line of triangle has already been tested 5 times.As per the concept every test makes resistance weaker and weaker. Levels are plotted on charts. Keep an eye folks. Cheers and Happy Trading. Disclaimer:- I am not SEBI...
NSE:RELIANCE 1 HOUR CHART , PRICE CURRENTLY SUPPORT @ 50 mvwap &,PREVIOUS GAP (1960-1974). IF PRICE MOVES ABOVE 100 MA WITH VOLUME EXPANSION,THEN NEXT RESISTANCE IS AT 2280 (POSSIBLY FORM A HIGHER HIGH/HIGHER LOW FORMATION) IF PRICE FALLS BELOW 1916,THEN NEXT SUPPORT IS @ 1795.
1. HIGHER HIGH - HIGHER LOW FORMATION 2. BREAKOUT WITH HIGH VOLUME 3. RETRACEMEN 4. TAKING SUPPORT ON SUPPLY-DEMAND ZONE 5. TAKING SUPPORT AT 200 MA 6. PULLBACK......??????
Stock making higher and higher low formation on weekly chart and looks like it will make new higher high soon. keep sl below latest higher low and look for new higher high in coming days.
Note Higher high higher low formation, breakout with good volume, retracement after the breakout, Now Pull back process started from here. (Stock: BPCL)
What is Dow theory? The Dow theory is a financial theory that says the market is in an up-trend if one of its averages (i.e. industrial or transportation) advances above a previous important high and is accompanied or followed by a similar advance in the other average. For example, if the Dow Jones Industrial Average (DJIA) climbs to an intermediate high, the Dow...
USOIL HH & HL pattern formation in 30 mins time frame
There is breakout in CDSL at the level of 290. You can initiate a buy at current levels and wait for the targets to achieve 375. The chart is forming higher bottoms and also there is volume addition. The analysis has been done on weekly time frame so time to achieve the target could be 3 to 10 months. Make sure to keep a stop loss of 275 on closing (weekly...
Reason for USOIL uptrend on 03/082020 after 6 PM HH & HL Pattern in 15 mins time frame and market went upto resistance which was drawn in chart
USOIL HH & HL pattern formation in 5 mins time frame
US Oil chart formed Higher High and Higher Low formation after 8 PM
Bank nifty after reaching a low on 24Mar2020. It rallied and formed a higher low on 03Apr2020. It again rallied and formed 2nd higher low on 16Apr2020. PriceAction - Forming a series of higher lows, sign for an uptrend. Good for a swing trade with reasonable Risk Reward.