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Multitimeframeanalysis

Fortis: 5 yearly itch Fortis is yet again playing out its 5-year cycle. A look at the left-hand chart which is the monthly time frame, clearly shows this cyclicality of 5years. It has been a long-term under-performer and is now dealing with some serious resistances. Last session we had a fine high-volume breakout which should continue further up unless the short-term supports of 160 is not broken. With the momentum backing the pharmaceutical stocks can this be an opportunity for the stock to rally further up and test 200? Well, I think it’s possible. Thank you for following my work and please feel free to share your thoughts and suggestions. Trade Well. Trade Wise.
NSE:FORTIS
by Abhijit_Paul
1
PNB | Double Bottom & Accumulation zone 🎯⭕ Trading opportunity ! Chart Alert !!! ⭕ --Buy Above =35.85 or CMP --Target = 56.75 --Stop-loss =30.20 --R:R = 3.7 --Expected Profit = 58 % --Expected Holding = 3 months only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) pnb is in range now & having a really high volumes after the fake breakout 2) Kind of a double bottom & accumulation zone 3) Trendline is also broken 4) target is somehow based on resistance zone as well Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:PNBLong
by ReviveTraders
35
HDFC - PULLBACK STRUCTURENSE:HDFC DAY CHART UPTREND IN PLAY,HIGHER HIGH FORMTION IS CLEARLY VISIBLE POINT (1),WIDE RANGE BULLISH CANDLES WITH GUD VOLUME WHEN PRICE MOVES HIGHER POINT (2),THERE ARE FEW WIDE RANGE BEARISH CANDLE ON PULL BACKS BUT DID NOT SUSTAIN POINT (0),FORMED A NEW HIGH AFTER WHICH PRICE STARTED TO CONSOLIDATE POINT (A),IS THE LOW POINT OF THE RANGE WHICH IS THE CURRENT REF. POINT FOR PULLBACK STRUCTURE 1 HOUR CHART POINT (A) REF. LOW FOR THE RANGE & (B) REF. TOP FOR THE RANGE POINT (#1)INITIALLY PRICE STARTED MOVING DOWN WITH WIDE RANGE BEARISH CANDLES INDICATING STRONG BEARISH SEMTIMENT POINT (#2) SELLERS BECAME WEAK WHICH CAN SEEN BY THE FORMATION OF HIGHER LOW FORMATION (POINT (0)) ALSO PRICE TESTED POINT (B) FOUR TIMES BUT CANNOT GO BELOW PREVIOUS LOWS (POINT (0)) POINT (*1) BULLISH WIDE RANGE CANDLE CAN BE CLEARLY VISIBLE LOOK FOR ENTRY EITHER AFTER BULLISH CONFIRMATION CANDLE NEAR POINT (E1) (50% & 61.8%) LEVELS OR AFTER BREAKOUT (E2) KEEP AN EYE ON VOLUME IN BOTH CASES
HLong
by Arun_000