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tRex88 tRex88 TOP XAUUSD, 60,
XAUUSD: GOLD Megaphone top setup
72 1 6
XAUUSD, 60
GOLD Megaphone top setup

Gold (XAUUSD) has formed a megaphone top on hourly chart. We will take decision based on the price action which is going to unfold. Keep watching this space for more updates of targets and SL

praveen.bhatiya praveen.bhatiya BAJFINANCE, D, Long ,
BAJFINANCE: Bajaj Finace Long : Broadening Formation
112 0 9
BAJFINANCE, D Long
Bajaj Finace Long : Broadening Formation

The stock is in uptrend so one should follow the trend until it changes and try to enter long at appropriate level. The stock has formed a Broadening Formations and yesterday's Green bar and today's trading above it are indicating a potential long at this level. Stop Loss closing below the lower line.

praveen.bhatiya praveen.bhatiya PFC, D, Short ,
PFC: PFC Megaphone Short would the History Repeat?
138 13 4
PFC, D Short
PFC Megaphone Short would the History Repeat?

The Price movement is forming Broadening Formations(Megaphone) Right-Angled and Ascending. Last time it has retested the level within 7 Bar and moved down till the other end. Interestingly it is forming the similar move again Let's see if history repeats. Anyway the pattern is picture perfect, Stop Loss is affordable and Risk to Reward is attractive what else ...

praveen.bhatiya praveen.bhatiya PFC, D, Short ,
PFC: Classical Chart Pattern Short PFC
68 0 2
PFC, D Short
Classical Chart Pattern Short PFC

The pattern is self explanatory one can short now with small stop loss and take the ride till the lower level or whenever feels it is good profit. Risk to reward could be good.

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