IDFCFIRST Our Favorite is now back on track..
49 is main resistance...close above 49..we se a target of 55 to 62
Reversal
UPL ON WEEKLY CHART UPL LTD showing strength reversal pattern from the support zone near 700-710 , it is also showing escaping from downtrend with a good volume green candle .
one may enter with sl of 700 mid term and 730 short term . i prefer 700.
AUROPHARMA REVERSAL CHANCE SETUP✨🎀hello traders
i am not a financial advisor
pls manage your own risks and stay alert
cheers🥂
BHEL GOOD OPPORTUNITY REVERSAL SETUPhello traders
i forgot to say one thing which was the price might take support from the newly made supporting trendline
thanks for watching
Exide Industries Reversal
Exide Industries Reversal at 150-152
Sl Closing Basis 142
HEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
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~Disclaimer: All views and charts shared in this terminal are purely for knowledge and information purposes only.
NIfty Reversal
Nifty Reversal Happen At 16902.00-16920.00
HEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
HOPE YOU ALL FIND SOME VALUE Here...SO, DON'T FORGET TO LIKE AND SHARE THIS VIDEO. DON'T FORGET TO SUBSCRIBE.
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~Disclaimer: All views and charts shared in this terminal are purely for knowledge and information purposes only.
Sbi Life ReversalReversal Happen At 1324-1357
HEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
HOPE YOU ALL FIND SOME VALUE Here...SO, DON'T FORGET TO LIKE AND SHARE THIS VIDEO. DON'T FORGET TO SUBSCRIBE.
COMMENTS WRITE DOWN BELOW OF THIS Chart...
THANK YOU...
~Disclaimer: All views and charts shared in this terminal are purely for knowledge and information purposes only.
NIFTY 50 - PULLBACK??spot price today took resistance at fibonacci level 2.618, a crucial level and a hammer candle which is usually a sign of reversal. we might see a pullback or consolidation to 16250 to 16350 levels.
#VEDL: Swing Trading With Positive Divergence StrategyOn the hourly time-frame chart we can observe the positive divergence against the prices.
As the candles have broken out from the trend line it was a good entry confirmation.
Stop-loss will be the low of the swing.
First target level will be 291 levels.
3MINDIA 3MINDIA (W):- 22839.65 CMP, Looks good for reversal (Dow theory follow by 3MINDIA) NEXT Target 31700/33000 As per price pattern
1) CIP + Bo retest zone (Cluster Buying Zone )
2) high probability Setup
Britannia potential break outNSE:BRITANNIA
Hello all!
Britannia has been forming a pole and flag pattern. It has been consolidating inside the flag since July 2020. Right now the stock has formed a strong bullish candle grazing the upper trendline.
Also, the stock is taking support from its 50 week EMA. Both these factors indicate the possibility of a breakout which opens up an opportunity for going long.
As I am more comfortable with swing reversals, I would have taken a long position if it would have touched the bottom trendline. But if the stock breaks out, a fresh long position can be created after the retest of the trendline. The Risk to Reward ratio will also be decent.
If the stock instead fails and drops again, we can wait till it hits the bottom of the lower trendline of the channel and then create a long position after spotting signs of reversal. The SL will also be minimal.
What's your take on this?
HAPPY TRADING!!!
NOT A CALL
Double bottom kind of formation near Trend line SupportThe stock of Edelweiss given the ascending triangle breakout from 87 and reached the price of 100, in the longer daily time frame. Now it has retested the price range and reversed from the daily trendline with the formation of a double bottom kind of Price pattern. The neckline of the same is in the range of 86-87, Breakout from 87.1 can lead the Price to 93.8 which will be our target. We can keep sl at 82.95.
Is it a comeback of this beast?What is RSI negative divergence?
Negative divergence happens when the price of a
security is in an uptrend and a major indicator
such as relative strength index (RSI) heads
downward.
Price has fallen almost 25% from all
time high levels, it has given breakout
from the falling trend if sustained can
make a new all time high but first
price has to clear ₹ 206 levels.
Stock near oversold levels expect a good retracementCompany : MIDHANI
Entry Price : 189.65
Stoploss : 170.65
Target 1 : 208
Target 2 : 218
MIDHANI at support zone and stock is oversold, expect a retracement.
POSSIBILITY OF A REVERSAL IN MOTHERSONSUMIMothersonsumi has been on an ascending Parallel Channel from October 2020. After making a High of 272.85 on 2nd June it has been drifting lower to take support at the bottom Trendline with a Low of 220.65 today.
We have to see if there is a reversal or if it breaks the lower trendline. If it breaks then the next support would be around 195-200.
Wait and see the closing tomorrow before taking a decision.
LONG trend reversal expectedMINDAIND has take support over the green line. the line has acted as a strong support many times in the past.
today we can see a reversal happening.
if good vol accompanies we can take a long position.
targets are given as T1, T2, T3.
SL can be kept below the support line.
kindly perform own analysis and tell me what you think
Happy Trading!
JMFINANCIL REVERSALthe stock has retested breakout with low volume and now has moved up from support. 108-110 seems like a resistance, above that previous high should be a good target for swing and fib numbers thereafter
SUBEX REVERSAL Doji at support followed by a marabozu candle and decent volume. can be held for previous highs followed by fib targets thereafter.
Multi Year Support Test = Exide IndustExide Industry is on a Multi Year Support Test. Any Reversal Sign above 185 can be a good opportunity for a Swing Trade.
IOC Swing Long IOC has retraced 50% and at resistance became support level. Can long on reversal near 100-105 for 120-130-140 with SL 90.
TATA POWER | REVERSAL | TECHNICAL ANALYSIS | SWING TRADETata Power showing a reversal in a downtrend in 1 H timeframe. Nice BUY opportunity!!
Buy around 123.5 to 124
Stop Loss around 122 to 122.5
Target 1 at 125.5
Target 2 at 127
Indicators used are Fibonacci Extension and Fib Time along with reversal signs in RSI in different timeframes.
WATCH THIS BOUNCE BACK !Cochin Shipyard is clearly forming a parallel channel pattern as you can see in the chart. Stock is now very much near its support line and can bounce back at any moment.
Note :- If stock gives breakdown of support line , don't make a long call here. If a proper reversal candlestick pattern like morning star, doji , bullish engulfing etc is seen near the support line only then make a long call.
Target will be near the resistance line , i will advise you all to book profit before the stock touches the resistance line as it can reverse before too.
Only for education , feel free to share your views/feedback.
