A double bottom is a bullish reversal pattern that typically forms after a downtrend. It resembles the letter “W” and indicates that the stock price has hit a support level twice before moving higher. Here’s a breakdown of the pattern: First Bottom: The price falls to a new low and then rebounds. Second Bottom: After the rebound, the price falls again to...
Gujarat Apollo Industries Ltd. - Fundamental Analysis Gujarat Apollo Industries Ltd. is primarily engaged in the manufacturing of mining and road construction machinery. Here are some key fundamental aspects of the company: Financial Overview: Revenue: The company has shown a decline in revenue over the past few quarters1. Net Profit: The net profit has been...
There is no guarantee in Stock market and Nothing over week. STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OE SELL RECOMMENDATIONS) GRANULES INDIA LIMITED TARGET RS 585 CMP RS 556.10 ENTRY RANGE RS 550-562 STOP LOSS RS 530 Disclaimer: I am not Sebi Registered.
Hero moto corp in a channel pattern and still 10 % of target pending now at discount zone.
📊 Script: VEDL Key highlights: 💡⚡ 📈 Multi Year BreakOut in Weekly chart. 📈 Price consolidated for 17 weeks before giving a BreakOut 📈 RS Line was making 52WH 📈 One can go for Swing Trade. BUY ONLY ABOVE 515 ⏱️ C.M.P 📑💰- 514 🟢 Target 🎯🏆 – 30% ⚠️ Stoploss ☠️🚫 – 14% ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk &...
Nifty Bank formed a triangle kind of pattern which resembles a fifth wave after a good bullish swing. If the triangle pattern breaks, there is an opportunity for a long position. Note: For paper trading and educational purposes only.
As we see on daily time frame its has formed a Bearish Harmonic pattern and even FII Long short percentage has reaching its Highly Overbrought senario where we can expect a good correction in coming days. Support and resistance levels are marked in chart, note after a retracement it may try to make double top means again may retest all time high and from there we...
Charts looks good 👍. Double Bottom formation breakout possible in coming days. Good entry above 302.
Idfc first bank is at strong support may bounce back from hear. but we will wait untill it start trading above 200 ema and break the trendline
Friends i have made an efforts in Putting up the way i see as Developing Pattern based on the Method of wave theory if you have Questions or suggestions please comment This is educational content Thanks
Characteristics of a Rounding Bottom: Shape: The pattern looks like a “U” or a bowl, indicating a slow and steady shift from a downtrend to an uptrend. Volume: Volume typically decreases as the price declines and forms the bottom, then increases as the price starts to rise. Duration: This pattern can take several weeks to several months to form, making it more...
Date 28.09.2024 SASKEN Timeframe : Weekly Remarks : 1 Formed rounding cup pattern previously & followed by M pattern structural breakout. 2 Based on negative divergence the breakout didn't sustained & retraced back to neckline of rounding cup. 3 Currently, having support of 60 Weekly ema & 38.2% of Fibonacci. 4 Todays there's huge fire broke out at Tata...
Date 28.09.2024 Bank Nifty : Spot/Cash Timeframe : 2 Hrs Note* All important comments, trendline, patterns & areas are mentioned in the chart itself. Kindly go through peacefully. Target : Wave 4 Scope of correction : 700-1100 points Condition : * If breaks neckline Regards, Ankur
* Chambal Fertilizers Ltd is a part of the agrochemical sector, primarily engaged in the production and distribution of fertilizers. It is a significant player in the Indian agricultural market, providing various types of fertilizers like Urea and other crop nutrients to support the farming community. *The chart shows a consolidation pattern forming a rectangle...
Nifty is ready to fly keep watch on monday This is only for education purpose
A flag and pole breakout is a popular chart pattern in technical analysis, often used to identify potential continuation of a trend. Here’s a breakdown of the pattern: Components of the Flag and Pole Pattern: The Pole: This is the initial sharp move in price, either up or down, which forms the “pole” of the pattern. The Flag: Following the pole, the price...
Strong buying from Fii and Dii Ready to break previous swing with volume.
Good chart structure Stock at all time high ALL PSUs have performed well this week Target 500 Stop loss 415 I am just representing my views For educational purpose only.