Off the rising Channel (pink ) Though inside the Wedge (rising or falling,...cant makeout) For the last one month (since July 22) its consolidating. RSI is at 50. To mit seems like a Flag & Pennant and the rise would come in the Q4.
The stock was bouncing in a converging pattern for about a month and now it is on a sell potential area. It would be a great sell idea after the break of that small up trending pattern.😎 This is only advice, please don't trade based on this. profitary.in
As we can see in the chart Nifty's recovery from the bottom was range-bound and before every up move, it consolidates and will shoot up. As of today's End of the day chart marked inside a rectangular box, Nifty consolidated for the last 4 sessions and ended up at day high. Nifty has strong support at 10740-750 region below that very strong support at 10690.
As we can see in the chart Bharti Airtel has been in the consolidation range insides the wedge for a long time now, one should wait for the break out above or below the wedge pattern, most probably break out can be expected above. For any break out above ₹560 should be strict STOPLOSS. First, the target will be around ₹600-₹605 regions.
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Reliance has broken its long term trend line , expected to test its previous lows .. stay cautious supports mention in the chart
Based on the global cues nifty is expected to open gap down , levels mentioned in the charts are support zones for nifty .
IM BEARISH ON HDFC BANK AS PER MY ANALYSIS. DO YOU OWN ANALYSIS AND TRADE ACCORDINGLY.
WAVE 1-2-3-4-5 has been completed as marked in a chart, further correction unfolding in flat corrective pattern with wave a & b completed and wave c down movement is expected to happen in minor 1-2-3-4-5 wave correction.
Follow our Telegram Broadcast Channel @vttechnicals Trade Setup : -infratel is trading in a rising channel -fake / minor breakout happened twice before - wait for the breakout to happen. Intraday : Buy Best Buy After the Breakout . Follow us in our telegram channel for daily watchlist and stock updates.
Bharti airtel formed a flag pattern and its trading in a range for the past few days, expecting a breakout in the pattern, in next few days.
Berger Paint getting dynamic support near its 100 days EMA. It may again try to get support over there and bounce back.
Asian Paint bounce back from its Weekly Upward Channel Support. It is also bouncing back from the 100 day EMA dynamic support level. Can go long. SL- Below the Upward Channel Support. Target- Upward Channel Resistance.
PNB 15 min chart but uptrend in 4-hour timeframe waiting for a clear retest around at 65/- but I can see that the stock has extended long towards downtrend and I am seeing some bullish pressure Will be a clear buying opportunity above 66/- Waiting for a clear confirmation in a lower timeframe.
BPCL formed bearish pinbar on weekly timeframe last week , yesterday it broke resistance and took retest to move down my target in BPCL is 466/- next support