PC Jeweller at a Make-or-Break Zone: Structure Never Lies🔸 A long-standing Multi-Timeframe Compression Trendline (white dotted) remains active, and price is currently retesting this zone.
🔸 The grey supply zone marks the all-time high resistance, while the green box shows a recent zone that flipped from supply to demand — supported by a strong base formation.
🔸 A hidden structural pattern is emerging —
• One line forming a (HL - Hidden Line ) acts as rising resistance
• The other trendline offers solid ascending support
🔸 Price is getting tighter within this converging structure, while respecting historic levels.
📌 No forecast here — just highlighting key levels and behavior for context-driven traders.
Monthlystructure
Flag pattern in monthly chartWhat is resisting to fedbank for going up?
I am looking for big up move pending for this share as monthly chart activated flag pattern.
Strong support 120.
Target : OPEN
SL : 118
Risk is yours and Reward is too yours.
Time Frame : 1 to 3 years, or more than it for wealth creation
NIFTY -- 3 BLACK CROWS vs MORNING STAR Chart patterns looks interesting from both bull and bearish point of view
REASONS
BEARISH VIEW
1. 3 Black crows (perfect closing) with rise in volumes ( www.tradingview.com)
2. February monthly candle looks like BREAKDOWN candle with low tested the next month
3. Weekly H&S pattern in progress
4. Bullish flag Breakout candle (october 2022 candle) low got tested....sign of bears strength
BULLISH VIEW
1. Overall it is in uptrend(making higher highs and higher lows)
2. Morning star pattern (www.tradingview.com)
3. DAILY time frame Inverted H&S pattern given Breakout
4. April 2023 candle looks like a breakout candle (volume only concern)
Let's wait and watch whether it is bulls or bears turn !!!!
NOTE- Just Sharing my view....not a tip nor advice!!!!
- mmjimm
IDFC Limited Fresh BreakoutThis is massive: IDFC Limited is coming out of a very very long consolidation. Keep a Stop Loss at 82 and go long for the medium to long term. Do not miss this big breakout.
2006 High Break Or Not ?
**The 2006 high was 1788 or 1800 round.
**price has touched 3rd time to All Time High(1800) ** Key Point--
@@ All Time High act as a Resistance (High Probability)
**There is lower high formation on monthly chart.
**This is a kind of ascending triangle pattern
** When price touched 3rd time, it is not declined so much and range bound at upper level.
**This month it has given a bullish marubozu candle ( higher probability of breakout)
** This type of price action pattern can be used in any time frame.
Keep on Learning!