Get started

Lowerhigh

TCS Short on 15min TimeframeTCS on 15min Timeframe, reflecting a beautiful price action. It was in an uptrend for a while forming a double top eyeing for a reversal. The point where it formed a second top would have been a great opportunity to short. But who missed at that point including me, now there is another eye-opener. Forming a strong double top, it reversed from there breaking first leg's low(Support) and then retesting it again(Support turned to Resistance). More importantly, there is a weak candle Doji formed after a series of green candles. Also resembles a lower high point in a downtrend which is a place to enter. Simply, SHORT.
NSE:TCSShort
by imchartist
NiftyNifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From that range (or on failure to hold 11885) we could expect the next set of 3 Bullish Harmonic Patterns. namely, Alt Shark, Bat & AB=CD get active between 11830-11860 to conclude this slanting channel trend
NSE:NIFTYEducation
by Dinesh_C_Nagpal
EUR/CHF Technical analysisThe counter has topped out in the near-term charts. It formed a significant high of 1.14800 and unable to hold on to the gains it slid down to the support of 1.13582. It then made an effort to take down the previous high but a head and shoulder pattern has formed. So, the entire structure could be attributed to lower high formation in the making. The MACD indicator also confirms the set up by moving on the bearish terrain. However, for now, we expect the pair the retreat to the support levels of 1.13582 and 1.13428.
Short
by traderpulse