IndusTowerThe script is showing Trend Reversal supported by Bunch of Volumes and Bunch of Candles
Buy above 175 , can go till 200
Observation
Union Bank of IndiaOn Monthly Chart, it is breaking a 13 year old treadline
On Daily Chart, Multiple Patterns are visisble supported by Volume
In long term , close above 96 can take this to 134 135
LT - Interesting PatternThe stock is forming an interesting pattern since last year.
Runs bullish for quite some time, breaks the support of the bull run then comes to retest the support area.
The sequence is shown on the charts.
If the present rally continues, this time price may go to 2500 around, (according to the past week's behavior).
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
HINDUSTAN COPPERThe Share is showing good support plus break out supported by Volumes.
+It has managed to stay above the breakout levels for the last 4 weeks.
+ Industry in all is in uptrend
+Good Volumes in last few months
Observing the range in Adani PortsHi Readers,
The time-frame chosen for this analysis is weekly because it erases a lot of noise from the chart and helps us understand the structure and the sensitivity of the patterns better.
The candles have been neutralised as well to help us analyse the script better as it equates everything to a single unit.
The script AdaniPorts has been inside a range for 1.5 Years and seems to be inside the same range for few more weeks before finding its trajectory. But what's more interesting is there seems to be another mini range inside the big range (Volatility and High volumes generally tend to make the stock range bound). There is a lot of Accumulation and Distribution which happens within the range. In simpler words the money moves from the one hand to another over a long period of time and either breakout or breakdown.
In the case of Adani Ports, there has been an attempt made to breakout in the week of 12th Sept which was captured by the bears within next week which indicates they have a strong hand within the range and bulls are finding it hard to break it through the middle trendline(MT) as well. Currently, we are resting on the MT and a move downwards could take us to the Bottom Trendline(BT).
Any move upwards should be witnessed cautiously as the probability of bears trapping the bulls could be high. We will get a good confirmation on either sides for a genuine breakout/breakdown.
For now the stock is added to our observatory list for further analysis.
Ghost of CCspeculation but an observation, have seen this work multiple times mostly on BTC.
Lower time frame we can see how respectful was the vwap, depending on MS we can enter on level but SL at high.
Shriram Transport - Keep On RadarThe stock has broken its long-term support trendline. Further support area lies between 1315-1215. Keep an eye to see a revarsal.
Only for learning and sharing purposes.
All the best.
NIFTY may touch all time high in coming daysAs we can see in the chart that NIfty has given a channel pattern BO with a good volume.
It has also tested the BO level, now the price is ready to touch an all-time high in the coming days.
Nifty Gap Theory Study/ObservationThis whole month what I've observed is that Nifty always fills the *opening gap ups/downs* usually the same day or the next day.
Could be useful for next such move by nifty.
As they say, history tends to repeat itself.
Please do you own analysis before taking any trading decisions.
