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NIFTY50- Expecting some Correction Again?Last week on Monday, the fall that we saw was on account of a stock exchange glitch. However, in the same week the whole loss was nullified leaving evryone at sea. But now if I go by what the chart is telling me, it says the chart pattern formed is a Rising Wedge Pattern. There is also a Bearish Divergence along with the ADX losing steam. Now , either tomorrow the price breaksout and then starts taking support of the channel border or if it breaks down then I see a correction atleast till the red dashed lines. A fall below those levels could trigger a bigger fall. Let's be a little cautious before blindly breaking the bank.
NSE:NIFTY
by CannySunny
2
Eicher Motors | Head & Shoulder patterns | 2 Hrs NSE:EICHERMOT Swing Trading opportunity ! 2 Hrs Chart Alert !!! --sell below =2502 --Target = 2401 | 2349.40 --Stop-loss = 2583 --Lot Size = 350 --R:R = 1.88 --Expected Profit = 50.000+ ₹ per lot ( 6% ) Technical Reasons to trade :- 🧢 1) head & Shoulder pattern formation in eicher motors 2) Neckline break with volume & retracement is also done 3) candle wicks on the upper side is very large ...more selling pressure 4) All the possible support & resistance is mentioned on the chart Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:EICHERMOTShort
by ReviveTraders
9
BALAJI AMINESParallel Channel Travel 2 Divergences spotted. Price is at decisive point - Will it rise back inside the Channel? - Will it fall below the Channel? Ans: Most probably , it will rise back inside the Channel to touch the top. Lets see ! ***** Help Me to Help Us. Always keep a stop loss to rescue you out of troubles. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
NSE:BALAMINESLong
by CannySunny
NEULAND LABS - Inverted HNSAn Inverted Head and Shoulder pattern on the weekly chart. Breakout on Daily Chart. A trend line which would most probably determine all the above targets. Also, a candle stick pattern very similar to the Morning Star has been formed at the right shoulder. Only time will tell if this analysis was time well-spent. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
NSE:NEULANDLABLong
by CannySunny