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Marketstructure

United Spirits Long opportunityNSE:MCDOWELL_N Stock -> United Sprits (McDowell) TimeFrame -> Weekly Hello all! United Spirits had been moving in a Symmetrical triangle pattern since 2012. It finally broke out of it 9 years later in September 2021 post which it started moving in a flag and pole pattern. After a year in October 2022, it broke out of its flag. This makes for a good opportunity to go long! The confluence of two bullish breakouts combined with support from 50-week EMA and both 200 and 50-day EMA further strengthens my conviction. Risk to Reward ratio also seems decent. *NOT A CALL*
NSE:UNITDSPRLong
by Traders_Town
Banknifty analysis - logic and planEXPLANATION : This is a 15 min time frame chart of BANKNIFTY . It has been consolidating at previous Resistance zone and formed the Evening star pattern . ( An Evening start is a candlestick pattern that is used by traders for analyzing when the uptrend is going to reverse to a downtrend ) If give a strong breakdown and continue his pattern , I am bearish on BANKNIFTY . If give a strong breakout and retest ( Resistance become Support ) , I am bullish on BANKNIFTY . Levels are marked in chart , enter as per your setup .
NSE:BANKNIFTY
by pranav_nanavare