Minor Correction has been see in Dmart , after it completed the ABCD Pattern( .50 - 2.00)- Refer markings
Currently is near its support, let see whether its gonna break it to correct more or make it to see new highs.
As this post is merely for educational purpose, let the stock remain anonymous for the time being. The analysis would not only be applicable to long term charts but also to smaller time frames.
I have found two important phases of Panic Sell-off in a bear market. One in the beginning and one in the end. The former phase is good for sellers and the latter is good...
Cadila Health Care prices are forming FLAG Pattern and prices are expected to trade higher if prices are able to break & sustain above 455 levels. prices can trade higher till its pole size. As per the pattern we can expect prices to trade higher till 555 or levels.
As its my personal view. I have seen that prices have made rounding bottom pattern and continuation pattern without correction can take prices higher till 1.618% Fib Retracement. If prices take correction from that prices may trade lower till 1.0% Fib Retracement. This is just for knowledge.
IDEA has been correcting since a long time and looks like the correction is Potentially Over.. I am taking an Early Action on it with a small stoploss around 63 levels and Targets around 120. There is Bullish MACD Divergence on the chart and the last candle is bullish one to give some support for the prediction.
LT is setting up a nice triangle formation on the daily chart.
Price seems to have found support near the 200EMA daily as well. In today's rally, it's made a 3 week high as well. Can it break-out shortly OR will it break down ?
Very interestingly poised for the next few days/weeks.
I'd prefer a break-out here - color me biased :)