The W pattern, also known as the double bottom pattern, is a bullish reversal pattern that signals a potential change from a downtrend to an uptrend. Here’s a concise overview: W Pattern (Double Bottom) Definition: The W pattern forms when a stock’s price makes two distinct lows, separated by a peak in between, resembling the letter “W” on the...
Trendline Breakout Definition: A trendline breakout occurs when the price of an asset breaks through a trendline, signaling a potential change in the direction of the trend12. Types of Trendlines: Uptrend Line: Drawn by connecting higher lows in an uptrend. Downtrend Line: Drawn by connecting lower highs in a downtrend. Identifying a Trendline Breakout Draw the...
JSWSTEEL 1000 OCT OPTION SCRIPT MY PERSONAL TRADE FOR OCT Range consolidations and breakouts with good volume are key concepts in technical analysis. Here’s a concise overview: Range Consolidation Definition: This occurs when a stock’s price moves within a narrow range, creating a horizontal pattern on the chart. It indicates a period of indecision in...
Interglobe Aviation CMP:4256.50; RSI: 62.43. Indigo results has been pretty decent and yet again beat the market expectations. Profit booking is seen immediately after that, which is good sign and good opportunity for those who doesn’t hold the shares yet, also a good price point to accumulate. Indigo is undoubtedly enjoying the monopoly scenario for another...
NSE:TATAPOWER Swing trading concept Range breakout strategy Daily time frame Duration 15-20 days Breakout done with rising volume 📈🚨✔️ Stoploss at your risk Do as directed Do your analysis before taking any step This is not trading recommendation or advise
As Nifty is heading higher high, till it holds 25050 level we are heading for new high, 26,233 is the minimum upside on higher side.
Date: 28 Sept’24 Stock: MapmyIndia (CE Infosystems) Timeframe: Daily chart MapmyIndia seems to be in Wave III of 3 which is heading towards 5000 levels (2.3X of current price of 2160) as seen in the chart. This is a long shot but it is what the chart tells me. The company listed on bourses in Jan 2022 around 1900 and is around the same level in Sept 2024 while...
Titagarh Rail System: CMP 1400.15; RSI: 42.98 Wave analysis suggest that complete wave cycle is near completion(wave c near completion). Script has taken support at 100 day EMA & near oversold zone ( RSI near to 30) Titagarh current price is very lucrative, It can be accumulated for a swing trade ( 10% upside) and for a short term view. . Swing Trade Targets :...
Stock Seems to be making a rounding bottom in monthly charts. W Can take entry above 246 for Targets 385++ in a Quarter. Keep Patience and please check the fundamentals.
Overview: Expecting strong selling pressure in Bitcoin, targeting key support levels. Entry Point: Initiate a short position at the current market price. Targets: First target at $64,289 Second target at $62,706 Stop Loss: Set above recent highs to manage risk effectively. Rationale: Anticipating downward momentum based on market indicators and potential...
#TARC trading above Resistance of 251 Next Resistance is at 351 Support is at 168 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This...
#SHK trading above Resistance of 295 Next Resistance is at 362 Support is at 205 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only....
#SHRIRAMFIN trading above Resistance of 3562 Next Resistance is at 4760 Support is at 2635 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational...
Date 28.09.2024 20 Microns Ltd Timeframe : Day Chart Sector : Mining & Mineral Market Cap ₹ 1,045.72 Cr II Enterprise Value ₹ 1,102.74 Cr No. of Shares 3.53 Cr II P/E 19.89 P/B 3.08 II Div Yield 0.42 % Book Value (TTM) ₹ 96.23 II CASH ₹ 39.01 Cr DEBT ₹ 96.04 Cr II Promoter Holding 44.95 % EPS (TTM) ₹ 14.90 II Sales Growth 12.49% ROE 16.92 % II ROCE...
#CLSEL trading above Resistance of 271 Next Resistance is at 343 Support is at 199 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose...
Technical Analysis of LME INDEX Based on Elliott Waves The information provided in this response is based on the analysis of the Elliott Wave chart and does not constitute financial advice. The author is not responsible for any investment gains or losses incurred by individuals who rely on this information. Elliott Wave Theory is a technical analysis method...
stock in strong momentum and in long trend within Channel base and also creating Flat Pattern Entry Price Rs 8500 Rs 8700 SL Price Rs 7500 Target Price Rs 11000 plus Happy Trading and Investing Disclaimer:This is for educational purposes only. This is not a trading recommendation. Please review the charts or consult with your financial advisor before any...
NSE:CHAMBLFERT The Bullish flag pattern Breakout will be confirmed after a sustained move above 543 and the stock may move toward the pattern target of 768 after the breakout keeping a stop loss of 473. Check out my other stock ideas below until this trade gets activated, I would love your feedback. Disclaimer: This analysis is intended solely for...