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Multiple Time Frame Analysis

Wipro Long Term Breakout Explained#wipro lately has been giving wild moves and many people including myself are wondering why. I may not know the exact fundamental reason for the move in wipro but as a technical analyst i can share my POV on Wipro technically. 1. Wipro has given a major breakout in the weekly timeframe. 2. After a prolonged period of consolidation in the likes of more than 1 year, 528 days to be exact wipro has broken out of a range and is right now in the middle of a rally. 3. The next possible resistance for wipro is 600. Happy Trading, Yamini Prabu NISM, NSE Certified TA, Independent Trader/Trainer
NSE:WIPROLong
by Yamini_swingtrader
big UPMOVE coming up in BANKNIFTY if..As we can see we saw another rally in BANKNIFTY despite being sideways in the first half but closed at a crucial zone. In bigger time frame, we can see it forming W kinda pattern with multiple tests which has potentially made the zone much weaker! Hence if BANKNIFTY opens flat to weak any breaks today’s high then we may see a strong upmove but if opens very strong then we may see another fail of structure which could lead to sideways to negative market throughout the day so plan your trades accordingly based on given scenarios.
NSE:BANKNIFTY
by Wealthcam
EXACT REVERSAL from our zone…whats next.?As we can see despite the strong downfall we expected a strong rejection and we did see that exactly from our given levels and recovered almost 1.5. percent single day. Now we can further expect a recovery unless over zone is protected and every dip could be a buying opportunity till election but if manages to break below then we may see a strong downfall which could be a major retracement of minimum 8-10 percent so plan your trades accordingly.
NSE:BANKNIFTY
by Wealthcam
EIH for 70% (approx..) GainEIH is showing a 15 year breakout with good volume accumulation. Volume is visible on the chart. View is based on monthly Chart. first pick had made in 2008 , another one is in '18 then '19 . So we can say that this is a multiyear breakout if it is close monthly candle above 215. CMP : 225 TG : 370 SL : Below the trendline which is mention on chart.. Stock's selection based on 5 Point Analysis: 1: Idea : Multiyear Breakout . 2: Support : Volume, Delivery & VWAP. 3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. 4: Fundamental : PE, PAT, Industry & peer PE and sector performance. 5: Timing : Entry Timing on Daily chart. Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision. Disclosure : Going to Hold.
NSE:EIHOTELLong
by SthitaprajnaYogi