The Bearish Bat Pattern: A B point that is less than a 0.618 retracement , preferably a 0.50 or 0.382 of the XA leg . In addition, these structures are excellent trading opportunities when they form at distinct levels of resistance. Resistance 109-112 For targets 97 & support.
As the stock is consolidating in the Parallel Channel, if it breaks the short-term trendline it can again hit it higher line of the Parallel Channel!
Equitas holding:-- Symmetrical Patterns breakout successfully done buy around 55-56 and target upto 80rs with sl of 41-40 on clbs
TREND ANALYSIS & TRADE SETUP HEAD AND SHOULDER PATTERN !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short. Reward is 7-8 Times
Sell if sustained below 414 target 408 sl 429.5 **Educational purpose only
Shorting @ 442.30 w/ SL @ 450 (if it closes above) Targets in the chart. Short June Futures @ 439.3 no hedge. GLHF!
A cup and handle pattern in HCT Tech daily. Stop below 500. Good for 150 rupee up move.
It will not be strange if SBIN can reach the strong support as mentioned if stimulus package is not announced by the government. We can see that it has reached around Rs.145 range multiple times in the past (Aug 2013,Sep 2013,Feb 2014,Feb 2016). The past is going to be repeated if a strong stimulus package is not going to be announced by the government. Let's...
Follow up trade as published on 04 May 20. Time to tighten stops Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Dhiraj Singh Bais Warrior @ Battle field
L&T moving in a tight triangle, Can move into either direction...wait for the breakout of RSI too and play in the direction.
Bearish Flag Pattern can be seen...Still in learning mode
Multiple rejection at monthly support zone and descending triangle makes it very good for long
I drew this for 15th April`s trade but it will go down further on 16th April short below 529 (For edu purpose only )
TATASTEEL is in process of forming rounding bottom pattern and may be a good candidate for long if Metal index support T1296 T2305 SL 278.85
the current triangle pattern showing sign of reversal if the 8900 is broken one could go long on 9000 or 9300 call or if the trend is broken 8650 next target is 8550 and 8200