THEORY:
This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left...
HAL
Key highlights: 💡⚡
✅On 1D Time Frame Stock Showing Breakout of Double bottom Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2700+.
✅Can Go short in this stock by placing a stop loss below 2550-.
EICHERMOT
Key highlights: 💡
✅On 1D Time Frame Stock Showing Reversal of Falling wedge Pattern .
✅ It can give movement upto the Reversal target of above 3300+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 4000+ .
✅ Can Go Short in this stock by placing stop loss...
#Nifty #Nifty50 #VIX #INDIAVIX
16 is a key level on VIX.
If VIX sustains below 16 then market will be #bullish for sure.
Note : I'm not a SEBI registered analyst. Above analysis is only for educational purposes. Do your due diligence before taking any trade.
As per the Elliot wave analysis, the downtrend of Nifty moved in a 5-wave pattern.
Each impulse wave (ie waves 1,3 and 5) moved in 5 smaller waves.
Waves 3 and 5 were equal in length which was 1.23 times wave 1. This fits very well into the rules of the Elliot wave.
Waves 2 and 4 had a horizontal zigzag correction as expected.
We can expect corrective waves...
LAURUSLABS
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakout of channel Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 391+.
✅Can Go Long in this stock by placing a stop loss above 378-.
✅ breakout this can give risk:reward upto 1:3+
Showing two charts side-by-side - both 1H.
Left side: A clear Darvas Box breakout with good volume (more than average) and RSI is upticking above 60.
Right side: Alligator is wake up. The price line cut through the alligator. Lips - Teeth and Jaws are perfectly placed for an upmove.
SL: 1380. T can be 1430.
Alternatively 1400 Jan-25 CE at 30 with 20 as SL.
Market analysis in advance of the budget
Hello every one, here is the market study. How is the market performing in terms of pre-budget volatility?
India VIX is rising, NSE:INFY NSE:HCLTECH IT stock results will be available today and in the following days,
As well as a market overview of the current market structure.
Watch till the end
Best good luck...
NSE:CARBORUNIV has the following features in 1H chart:
In 1H price actually creating a Pool and Flag pattern.
The main point is consolidation after a big volume rise.
Note: during consolidation phase: Volume always remains above the moving moving average.
RSI well placed
Alligator is showing clear uptrend.
Trade: BUY level around 925-920 with a...
Today NSE:GNFC is a high volume top gainer, even in this mundane market.
The 4H chart shows interesting formation:
High Volume. More than double the average.
A down trendline broken
The alligator is waking up.
Trade: Go Long with SL of 560 for a target of 600+. CMP: 575.
NSE:TALBROAUTO shows a rectangular breakout with a volume spike and the RSI is also shooting up in overbought zone.
Trade: BUY above 554, SL: 548, T: 560/565
SELL below 544, SL: 549, T: 540/534
If bank nifty break major support area then next support will be 400 to 500 point below
This analysis is for educational purpose only. before taking any trade consult your financial advisor
Finally, the Nifty is trading above 18000 but Buyer domination is necessary for the bull run to break the resistance and downtrend line.
Following a good breakout, we may see a bullish surge; but, if the breakout fails, we may see a price reversal and the price may fall.
