Bullish 3 Drives patternThe bullish three drives pattern offers a potential reversal point for a bearish market after forming three consecutive bottoms. The symmetry is very important for this pattern and its clearly visible in this case. Although the stock has already reacted from the third bottom but yesterday news based pull back could be used to enter the stock.
Entry : 69.75
Stop Loss : 68.30 (closing basis)
Target : 77.50
Risk to reward ratio : above 7
Reversal
Coal India Ltd (Weekly Chart Analysis)Technical : Double Bottom Reversal Chart Pattern (Weekly Chart)
Trend reversal line And Double Top Breakout @ 295
Technical Target : 361
Fundamentals :
(Fundamental Medium Term Target 700)
(Fundamental Long Term Target 1200)
1.Total (Mkt. Cap) : 1,88,830cr
2.Zero Debt : 0.00cr
3.Stock PE : 13
4.ROE : 104.19%
Bearish move - short Ether is currently trading in a well formed rising wedge. This is an indication of a bearish move and there are possibilities it may breach the bottom trend line (orange). If it breaches it then it will find support at fib level 0.618 (~$693). 2nd support could be found at fib level 0.5 (~$676).
These support levels could be possible reversal zones for Eth (The zones are marked in Blue in the graph). So, watch out.
Please feel free to revert with your feedback. Thank you!
UNIONBANK: Better INVESTMENT Than MF & FD........ Plotted & Mentioned ........ CHART.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
All patterns have are not fulfilled 100% criteria.
BTSBTC ShortSwing Trade (D, H4)
We are in overall buyers territory from the daily perspective, we can see price ranging from longtime below the green line, we got a nice pullback and then trend pullback happened and we broke the big resistance level, As we see strength on the parent pair we can see price channeling. This is a channel trade as we see a probe i.e price doesn't want to go beyond the channel so, we had a signal there. The negative shade of this trade is we are in overall buyers territory and we are doing a counter-trend trade. Personally, I won't take this trade because I am little conservative trader and Risk is my first preference.
Entry: 0.00001542
TP: 0.00001446
Stop loss: 0.00001643
Position Size: 1% Risk on your capital/0.505
Risk/Reward: 1:13 So, Typically Risky RR. (This is for Aggressive traders)
If TP is hit then we will be at 26% profit.
Buy from Sellers and Sell from Buyers.
Potential reversal of downtrend - Syngene International (BUY)Syngene International daily charts show that it has been in a downtrend since 12-Dec-2016 making lower lows and lower highs.
Price broke above the downtrend resistance line in Sep 2017 and seems to have found support at levels of 440-450 (as observed in may 2017)
MACD & On balance volume indicators show bullish divergence as per the chart as observed in the month of May & August 2017 which signal early signs of trend reversal on the charts. Cup and handle pattern formation is also visible on the charts.
Trading Strategy : Buy setup
Buy @ CMP 501.5
1st target @ 550
2nd target @ 600
Stop loss : below 460
Risk/reward ratio : 2.49
Disclosure : The view expressed above is my own analysis on the stock. You are responsible for your own investment / trading decisions.
Indigo - Reversing from Support ZoneIt is been observed that the price action is showing a positive buying at the support zone indicating reversal at support zone.
T1- 1220
SL-1175
parsvnath developers looks bullish in medium term to long termin weekly - price broke the trend line resistance convincingly with high volume. also BB is expanding
in monthly - price reversed from long term support zone, and moving up.
with a sl - 12 1st tgt - 36, 2nd tgt - 43.
jp power looks bullish in medium term to long term.in longer time frame, it had a long down trend then it formed a horizontal channel in weekly, and price moving sideways for months, and recently it broke out of the channel with high volume, confirming the start of uptrend. It is having a U type recovery, and got a good probability to form a round bottom.
with a sl - 4 1st tgt - 12 2nd tgt - 25
bse midcap index looks weak, we may see consolidation/correctionin weekly, midcap index is in uptrend channel resistance, regular bearish divergence seen, we may see consolidation/correction
nbcc looks bearish in medium term.In weekly, price touched ascending channel resistance line, now it is moving down.
In daily, ascending wedge formed, support broken, now retesting the broken support.
Also BB shows the reversal in the trend.
Price can slide down to 180-170 range.
Volume-Spread Analysis: Bar-by-BarHi fellows
Notice how the volume-spread analysis could help in finding major reversals. The analysis is applicable to all time frames.
Rest notes are on the chart.
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Trade safe, stay healthy
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Afraidtotrade
Doubletop Reversal Short The stock has formed a clear classical double top reversal pattern and traded below the neckline yesterday. It would offer a good short trade in coming days. It is one of the most simple pattern so need not much details. Have a good profit.
Diamond formation on NiftyDiamond formation on Nifty and expendable triangle formation. 9130 to 9120 having good support zone. So Nifty may touch the support zone. Short initiate when the price cross below 9275 an cover the short at 9130.
Bayer CorpBayer Corp gave BO on Wednesday 19th
near term 5k looks good
on long term it's hold. Weekly buy will come next week
H&S in Adani PortsA failed Head and Shoulders followed by a reforming Head and Shoulder. Book Profits. Also, the second shoulder is about to form, so can use that rally
Positive Divergance in USD/INR daily chartsIn the charts of USD/INR price is froming Lower Lows (LL) and RSI is forming Higher High (H H) within oversold zones...
It is expected that whenever these types of divergence is formed it seems to be Price Reversal...
I have made a long position at a price of 64.85 looking after this divergence...
Note: Do your own study before making any position..
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You can also see divergence related research which were accurate previously below related ideas...
Tatapower SHORT Doji Star confirmation RSIWhite candlestick followed by a Doji with a gap up at the opening formed bearish Doji Star(on 29.03), which gave confirmation yesterday. RSI is telling the stock is in oversold zone and running out of stream. Moreover there is possibility of trend reversal which is quite often after forming 5 pivots but that needs confirmation yet. One can short the stock by providing stop loss little above the recent high so a low risk trade.
Larsen & Toubro 3 Drive SHORTThe stock is nicely formed 3 Drive pattern so it may bring halt to the ongoing uptrend. Today's Bearish Engulfing and RSI reading are also confirming the short trade. One can short the stock with appropriate Stop Loss.
M&M Fin - Bearish Wolfe WaveBearish Wolfe Wave formation on daily chart. It may make reverse either from current levels of from 332. Look for selling opportunity on bounce. View will negate above 340.50 And expected target is 270 - 265.
