if it is breaking the zone you can initiate a long trade in intraday. put your stoploss on logical place and enter in good candle . follow your risk management.
as we can see double bottom. it can also form double top. it can also form a W pattern. both side potential follow your risk management
As Per Line Chart . Last day Trading Session We have Seen Heavy Selling in bank nifty. Now Most Important Support Broke 41700 And Second Support is 40000 level.. 40000 is psychological And Tend Line Support Also 200 Moving Average. So 40000 3 Trend based Support . like horizontal, trendline and Ema . If 40000 Level Break below Side New target Open 37800...
Nifty travelling in a downtrend channel, expecting till 17550 ~ 17580 (Fib level of 0.618), from there it will bounce back Happy trading.
Hello Traders! 1. We see an Elliotical rising wedge completed. 2. A clear impulse down . We can expect at least one more impulsive wave even if it happens to be a zigzag correction and not an impulse down. 3. A retracement of 61.8%. 4. The invalidation level and target levels have been marked on the chart . 5. This is not a very long term trade ....
SUMMARY -stock has created inverted pole flag pattern which is bearish -ultracemco results have been subdued -all cement stocks are taking a beating -ultracemco sets the bar -now the stock is a high beta -volatility is huge -will play the stock thru options -please wait for the stock to break and close below 500 -it will open up a move towards...
Major Support at 17671.65 (S1), Budget may affect the market, if the market Breaks the S1 we have a very strong Support or Buying Zone at 16731.95 (S2).
WESTLIFE:- Double bottom pattern has been formed, if the breakout together sustains the upper side, then you can plan something. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check...
SUNFLAG:- Rounding bottom pattern is formed, wait for breakout, till then keep your eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know...
KABRAEXTRU:- Head and shoulder pattern has formed on the daily chart, keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about...
SULA:- Ascending triangle pattern has formed, good stock for short term, keep your eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know...
wait for break with great volume it can break both side
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Cup & Handle Pattern is seen in EUR/JPY 1 hour chart.
CHENNPETRO:- Formed a rounding bottom and consolidating near the resistance, if the breakout together sustains above, we can see the stock going upside. keep in radar Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until...
VEDL:- The stock has given a breakout by forming an ascending triangle pattern, keep your eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get...
CHEMBOND:- Stock has formed cup and handle pattern on daily chart, keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all...
CHEMBOND:- Stock has formed cup and handle pattern on daily chart, keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all...