Nifty at all time high and not showing any kind of bearishness , except few small correction (Profit booking can be seen) . It only buy on deep opportunity, Kindly go through my previous posted ideas on nifty to get a clear view ... As all psu banks will be in bull run, like canarabank, sbi, Bank of baroda (Axis also). Targets are on chart...
As per the price action on hourly chart, it is observed that the price action consolidated after a sharp correction to the previous gap up levels. Now price action formed a pennant triangle pattern, indicating continuation of prior strong bearish move. The price action may further fall down to 325-330 levels.
It is a low risk, high reward trade setup.
T1- 335...
The stock has been consolidating for the past few sessions after making a lifetime high in a triangle pattern. Breakout from the pattern could push the stock to much higher levels.
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Voltas testing the resistance of bullish pennant. Seems good if it moves above 918 for a target of 990+ levels. View negated if it moves below 885 level.
Disclaimer: - These views are for educational purpose only and not a recommendation.
Eth/Usdt forming bearish pennate in 4hr time frame. Break of the support may take the price to 330, but if not holded by 330 we may gravitate to the range of 315-325$.
Entry at 662
Stop-loss 632
Target 788 ( Set as 161.8% of Wave1 )
Risk/Reward 1:4+
Voltas is in a strong uptrend. Price is trading inside an upward channel and formed a bullish pennant. Pennants look very much like a symmetrical triangle but are typically smaller in size, ( volatility ), and duration.
Voltas is in a 3rd Wave and Impulse wave 3 often is the wave...
The script was forming a pennant pattern and has also crossed the resistance of 68. A clear indication of the breakout can be observed on the 1Hr chart.
