Usha Martin 13 Feb 2022 CMP 90.60
- Inv Head & Shoulder pattern with large base
- BO of large base(consolidation/accumulation) on 26 Apr 2021
- minor RT of the neckline in Jun 2021 & upward move continued
- price is again consolidating at previous long term swing high which is acting as resistance
- micro double top 08 Nov 2021& 10 Jan 2022 with micro triple...
Expecting some bull baCK rally in #INFOSYS till 1620 to 1640 levels ( #Sell_on_RISE). Fresh buy for Long term can deploy first 30% now.
Though i'm in bearish trend but expecting some pull back in NIFTY which move towards minimum 17130 to max 17473 to 17653 levels, then huge fall ( #SELL_ON_RISE market).
Thank you for Following.
SUMMARY*
-Index has made a inverted head and shoulder pattern
-expect short-covering above 37000
-upside minor resistance @37200-37400
-once 37400 is gone start of 38070 opens up
-some banks showing relative strength in AXIS BANK/ICICI BANK AND SBIN BANK
BANKNIFTY FUTURES TRADE CONDITIONAL
BUY@37100(ABOVE 37080...
KOTAKBANK is trading near support of descending Triangle Pattern. Stock is respecting the triangle formation from the last 4 months. Further action will depend upon the outcome of pattern.
On Descending Triangle Pattern and it's structure :-
A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that...
Ripple is showing strength with demand coming in the zone 0.50-0.75, could be a game changer for crypto traders with high return potential.
Levels as mentioned on the chart
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
trend line always gives you best risk to reword if made good entry
on 17march national aluminum given a good technical trade setup where price is over trend line and made hammer on trend line with conformation of same time hammer on 50days moving average and also here is a support level of 114 (drown red horizontal line)
chart already explaining every thing it...
Itc given buy when it was only 225
and its going higher and higher
here resistance level of 265.30 become support now
itc having more up side potential (may be after a consolidation or little correction)
HCL Tech is above its long term trendline starting Nov 2020, which is been respected 6 times in the past(Trendline life - approx 18 months), price action starting Sep 21 was the HH of the sequence, followed by LH & LL...as of now, stock is at crucial level & might continue the bearish sequence starting Sep 21.....Plan 1 & 2 with levels are mentioned on the...
NAM India forming Lower Highs and Lower Lows ( Downtrend in weely TF).
The upcoming lower lows coincide with weekly demand zone which gives a good opportunity for institutions to use sell order to open long position ( use the liquidity). The levels are posted on chart, use volume and day end candle for further conviction as price reaches the demand area.
If we go by the textbook definition of a falling wedge pattern, the price consolidates between two downward sloping & converging lines forming a wedge shape. (Not as difficult as it sounds, just looks at the chart).
As per a common understanding of this pattern, the price continues higher after a breakout to the upside.
Price action in LIC Housing finance shows a...
SUMMARY:-
*index is correcting after a huge rally
*we have achieved 23.8% retracement
*index has almost tested its 20-day average
*buying the first re-test of its 20-dma
*index pcr @0.80 oversold zone
*index has entered its crucial demand-supply zone
*if you watch closely 17550-17630 strong supply and resistance zone
*safe traders can enter longs if market...
Levels mentioned on the chart
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Mindtree on a perfect H&S pattern on 1H timeframe. A strong red candle close below 4204 to 4180 can lead to break of pattern. Anticipated target: 4012 for swing trade and 4120 for an intraday trade.
Bajaj auto - a cup & handle pattern on daily time frame. Perfect reversing to buying zone.
Point of conflence between 3660 to 3681.
An upward demand can expect target near 3850 and 3997 with SL around 3548
