Ascending Triangle formation on Sun Pharma and showing bullish trend. Trade Buy abv 710 Target - 720 Stop loss - 703
Dear Traders, Trade 2 (15/11/2016). Descending Triangle and Channel Down formation on 15mins chart . Buy above 777 Target - 785 Points gain - 8 Sell below 761 Target - 754 Points gain - 7
in.tradingview.com Short @ below 785 Target 1 - 765 Target 2 - 735 Fundamental - Q2 Result not seen good. So, the stock will fall further..
Cipla traded and closed below the Neckline of recently developed Head & Shoulder pattern. The pattern is self explanatory so need not to elaborate here.
in.tradingview.com Ascending Triangle formation on STAR in 5 mins chart... Buy above 1090.5 Target 1 - 1097 Target 2 - 1106 Target 3 - 1113
After a strong weekly breakout from the strong support levels of 600-610, it confirmed the continuation of a downtrend. It has retraced back to the previous support and now the support levels are acting as new resistance levels. I believe now the price action shall go down to the next support levels at around 475 levels. It is an ideal time to short with stop loss...
It is been observed that the price action formed a big symmetrical triangle on hourly chart. Now the price action breaks and closes below the symmetrical triangle trendlines, indicating a confirmation on further bearishness ahead. Target 1: 563 (next support levels) Target 2: 550 (As per triangle measurements) Stoploss: 590
It is been observed that the price action is consolidating and forming a Ascending Triangle pattern on hourly chart. It indicates a strong resistance level at 968 levels and prices action is retracing from this level. Therefore, it will be interesting to see how the price action works out tomorrow and if it breaks above it then it shall provide a higher big move....
It is been observed that price action failing to breach 770 levels due to selling pressure on higher prices that limiting the price action to 770 levels where it formed a double top (V-shape). Now it is a good time to short it with stoploss at 770 levels. Target: 745 Stoploss: 770 Risk Reward: 1:5
Previously on daily chart, it is been observed that the price action is ranging in a uptrending channel. Today, on hourly chart, there is formation of Bearish Gartley pattern has been observed which indicates selling pressure at 630 levels, where Bearish Pin-bar pattern is also observed. There is also a MACD crossover that to be noticed too. The above said factors...
It is been observed that the price action is trending in a channel for a while and now it is currently ranging near the upper trendline of the channel or resistance levels where a pull back to other trendline or support can possibily be seen before a breakout on either side of the channel. Other Indicators signalling Bearishness: 1. Macd Crossover 2. RSI...
The price action is forming new highs and higher lows for a while that indicates buyers dominance which is taking up the prices higher. Now, I believe the prices shall reach to previous high at 888 or the resistance where sellers might enter into markets again and then the fight of dominance shall shuffle. TargetL 888 Stoploss:836
On monthly chart, the price action formed a cup and hanlde formation, indicating bullish trend to proceed in coming months. Now, the price action is ranging in descending triangle and the breakout from there shall decide the further movement in prices.
On hourly chart, the price action breaks out from a consolidation that shall move prices to next resistance level of 865 levels. Target 865 Stoploss: 830
There is a strong price action observed as it breaks out from the previous resistance of 565 and as well breaks from the rectangular consolidation or correction phase. It is good time to join the rally.
The price action on hourly chart seems to be breaking out from a crucial support 1540. If it confirms then we might see downward rally to 1450 levels.
After long continuation downtrend, yesterday the price action breaks through the downward trend line with hugh volume and also at the same time breaks out from a short Flag pattern. It signals a strong trend change and a bullishness in price action. The price action shall move towards the previous support at 570 levels and another strong support at psychological...
After a breakout from a upward trending channel, it seems there is a correction shift in the price action. From the current breakout levels it is measured that the price action will go towards the next support levels. It is good time to short with Target:508-504 Stoploss 528