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Reversal

Rounding Top Pattern formation on $BTC (4hr) The rounded top formation on BTC/USDT 4hr chart is showing the potential end of a previous uptrend. - Showing that it has already reached the maximum price. (01 Feb.) - And that the possibilities are now in favour of a downward price movement. (02 Feb.) In technical analysis , the rounded top is a negative chart pattern . When a chart develops a top, which occurs when price curves rise and then fall in price, it generates this pattern. The right side of the curve will make higher highs on the left side until the top price arrives (1st February), at which point the curve will fall to the downside, making lower price highs on the right side of the top.
Short
by zsidmehta
NIFTY --TREND REVERSAL DOJINIFTY on Daily Chart trend reversal doji candle seen at todays closing.. Trend reversal doji heikin ashi candle ..found when trend set either bullish or bearish ..and traders indecisive about current trend. last few days nifty corrected around 1000-1200 points from high 18400 now at 17100 bottom was made around 16800 that trend was confirm bearish but last 1-2 session traders are indecisive about trend so volatility seen. that is doji candle formation at support level before trend reversal which is seen in form of heikin ashi doji candle formation on daily chart at todays closing. this doji candle suggest trend reversal from bearish to bullish ahead may be budget rally is ahead in few days. wave pattern also indicate same. NIFTY FROM CURRENT LEVEL 17100 uptrend can see target 18400 short term (1 month). *** THIS IDEA FOR EDUCATIONAL PURPOSE .!
NSE:NIFTYLong
by champtrade111
INFOSYS Ready for bull run after a major Support ReversalNSE:INFY was making higher high from past 6 Months and taking support around 1650. Now after a continuous sharp fall from 1950 from last 2 weeks now It has touched 1650 and again took a support and given a Quick Reversal now from here at 1700 we can go long with at least 50% Qty and rest can be added on retest and target can be should be 1950 and a resistance can be seen at 1800. I have already took the entry with a very small SL of 50 points for Risk Reward of 1:5 ENTRY :- 1690 SL :- 1645 - 1650 TARGET :- 1800, 1950 & Above LIKE | FOLLOW | COMMENT
NSE:INFYLong
by akshaybatra020
14
Reversal play in Shyam Metalics (#SHYAMMETL) With Nifty Metal Index breaking out today , lets see how Shyam Metalics NSE:SHYAMMETL can play out from here... Stock was clearly in downtrend, making Lower Highs and Lower Lows (blue & red highlights on the chart). But it can reverse from here now. How? Here are some observations: - It recently took support at IPO Price - Made first Higher High (green highlight) - Currently facing resistance from 14th Sep AVWAP (Rs. 354). - Can take support at 20th Dec AVWAP (Rs. 338) - Crossing above Rs. 354 will most probably break the support-turned resistance zone of Rs.360 too with force. - Later, it can face resistance from 22nd July AVWAP (Rs. 383) and come to retest the Rs. 360 area. - There should be no looking back once it crosses the 22nd July AVWAP - Company has high ROE (above 20%) and currently trades at lower valuation multiples than its peers. Disclaimer: Do not consider this as a trade recommendation.
NSE:SHYAMMETLLong
by Pro-Setups
Lont term Investment and SWING trade opportunity in SBI CARDSNSE:SBICARD is continuously in down trend after touching it's all time high. Now trading around a very crucial support zone it can take a quick reversal from here and give a good RR in swing trade if taken after a retest on bullish side. But if the support is broken with high red volume then the bulls can be trapped. I will enter with Mindset of long term investing with medium quantity. will book if the good RR can be seen within 1-2 months or i will hold it for long term. fundamentally a very amazing company.
NSE:SBICARDLong
by akshaybatra020