State Bank of India has had its Pennant breakout last week. The pennant breakout is usually considered a continuation pattern although in this case it appears like a reversal pattern. This short term breakout pattern could be a good LONG opportunity as SBIN reverses from it strong support zone. Time your entry and enjoy the ride!
Hindustan Unilever has been consolidating in the form of an ascending triangle for more than a year. This consolidation is now finally broken. I'l leave it to you to decide entry for this LONG journey!
will short BPCL on Monday #POSITIONAL will add more if 446 comes on BPCL
Britannia has been in a nice and long uptrend over the last 5 years. After consolidation, this stock now appears to have reached the strong support zone of this multi-year uptrend and has closed with a nice and long Hammer Doji. At this point, it does feel like the support zone is strong and the stock will reverse back to its uptrend. Its certainly worth...
For levels reffer to chart
NSE:NIFTY Nifty has took good support @ 10787. Upward range will be 11143. If it breaks 10770. Then, It will be dragged to 10570 I Expect Upside. What you say??
Nifty forming a channel and is not a good time to enter for long
ZeeL buy view was given in the telegram channel with technical details. It has already rallied 15 points. Now its getting ready for a big upside probably 394/440
We have seen breakdown after (5) wav e and fired move in downside which still unstoppable . This channel is not much reliable target/support 11337 and Final support from measurement at 11212 nearby. I have drawn the "FLAG PATTERN" in a chart which has still left more fall. It's a negative point. Advanced predicted channel has support 11300 nearby.
BankNifty seen major sell off in last day of the previous week wiping out 660 points in intraday. On daily scale it has formed double top kind of pattern and has given breakout below its neckline of 30223. Theoretically it can test 28525 which is height of "M" and 100% retracement of the pre-election rally. Due to the heavy correction it might see a pullback...
Everything is in the chart.
Today Nifty 50 was 280 points Down but TCS was in Green because it took good support @ 2132 and recovered. I am expecting next level @ 2230. It is Positional Call. Stoploss will be Breaking support line @ 2132. Think, Research and Analyse your own before taking any decision
LOOKS GOOD ABOVE 170 WITH SUPPORT OF 160 POSITIONAL TRADING BOUNCE CAN BE EXPECTED
Stock is seeing bearishness for many days. It has completed its HNS pattern and is currently trading at the neckline. Short when price breaks below this neckline.