Multi year breakout with huge volumes. Breakout occurred after good consolidation.
1. The stock gave a strong bounce from the weekly trendline. 2. It retested the support zone and bounced back with a strong candle. 3. Additionally, the stock provided a strong short-term trendline breakout. All these signals occurring simultaneously can indicate a strong bullish momentum.
The stock has achieved a multi-year breakout with good volumes. This breakout occurred after a period of solid consolidation.
The stock has formed a Cup pattern breakout on the weekly chart with good volumes.
The stock gave a good bounce from the trendline. It retested the weekly breakout and bounced back with a strong candle, resulting in a good short-term breakout.
The stock has achieved a multi-year breakout following a period of solid consolidation.
I am sharing my analysis of key levels for these stocks. Please note that they may not be accurate, as I am still learning.
I am sharing my analysis of key levels for these stocks. Please note that they may not be accurate, as I am still learning.
As we can see NIFTY after much consolidation has formed more like flag-pole pattern in bigger TF which is also a bullish continuation pattern. Any closing above given level could lead to unidirectional upmove so plan your trades accordingly
The stock has bounced back from a strong trendline support zone on the weekly chart. During the bounce back, it provided a strong short-term trendline breakout.
I am sharing my analysis of key levels for these stocks. Please note that they may not be accurate, as I am still learning.
I am sharing my analysis of key levels for these stocks. Please note that they may not be accurate, as I am still learning.
The stock is currently retesting a Cup pattern and an ascending pattern breakout on the weekly chart. The retest was confirmed with a strong bullish candle, providing a small trendline breakout.
I am sharing my analysis of key levels for these stocks. Please note that they may not be accurate, as I am still learning.
I am sharing my analysis of key levels for these stocks. Please note that they may not be accurate, as I am still learning.
I am sharing my analysis of key levels for these stocks. Please note that they may not be accurate, as I am still learning.
I am sharing my analysis of key levels for these stocks. Please note that they may not be accurate, as I am still learning.
BankNifty closed at the psychological level of 50,000 after testing the near-demand zone mentioned in the previous post. The weekly trend (50 SMA) is positive, while the daily trend is sideways. Support Levels: Near Support/Demand Zone (15m): 49,693 - 49,778 Far Small Support/Demand Zone (15m): 49,225 - 49,451 Far Support Zone (15m): 48,801 - 49,055 (tested...