Get started

Reversalpattern

Tata Chemicals | Double Bottom - WeeklyDouble Bottom pattern observed in Tata Chemicals. Neck level was broken in second week of May thereby confirming the pattern. The recent fall could be counted as neck level retesting. In that case the stock will move up to 672 where the pattern target falls. However, a trendline still holds and we could see noticeable resistances at 635 and 658. A break above 635 will be key. Hence, if resistance at 635 fails Tata Chemicals could move swiftly towards double bottom target. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:TATACHEM
by AkhilSuryaFS
LONG in MINDTREE on NSE (INDIA)This is weekly chart of MINDTREE (CMP @ 834.60) on NSE (INDIA) which looks good for a long trade based on following observations on the chart: 1. A horizontal line drawn on the chart has acted as resistance during April 2015 to Jan 2018 till price broke out of it on 19th Feb 2018 (marked by arrows). Now, the resistance line has turned into support as indicated on the chart. Price after deep correction has once again tested this support and showing reversal. This support line also coincides with key retracement level of 50% on Fibo as shown on the chart. 2. Stochastic RSI indicates bullish crossover in oversold zone. Therefore, it looks a good long trade with stop below the current candle on weekly chart with immediate target of 935 (resistance above). Happy Trading....
MLong
by DEVERAMA
LONG in KOTAKBANK on NSE (INDIA)This is daily chart of KOTAKBANK (CMP : 1132.15) on NSE (INDIA). In my opinion, it's a good opportunity for a long trade. Opinion is based on following observations on the chart: 1. Support zone has been marked on the chart which is indicated by multiple supports/resistances using arrows. 2. Trendline drawn on the chart has been tested several times (marked by arrows) 3. Bullish kicker has been formed on 2nd Nov 2018 after testing support accompanied with substantial rise in volume which is a strong reversal sign. 4. RSI has taken several supports at 40 and this time also, it shows reversal from 40 accompanied with bullish kicker as mentioned in preceding point no. 3. In view of above, it could be a long trade with Stop @ 1198 (below swing low) and immediate target could be 1180 (forthcoming resistance) Happy trading....Your view points are valuable in cross learning.....
NSE:KOTAKBANKLong
by DEVERAMA