Roundingbottom
ITC - FRESH BUY LEVEL SUGGESTION USING RETRECMENT THEORY
ITC HAS GOT RETRACED MANY TIMES FROM 0.50 LEVEL
LOOKING @ THE CURRENT MOMENTUM A BUY HERE CAN BE PLACED
FOR TARGET 215-220
REASONS
BREAKING OF ROUNDING PATTERN
CONSISTENT VOLUME SUPPORT
TRIANGLE FORMATION
TRADING SUGGETION
BUY ABOVE 206 CLOSING BASIS
CAN GIVE A UPMOVE OF 10-15 PTS TOWARDS
0.618 RETRACE LEVEL
***NOTE - FOR STUDY PURPOSE ONLY***
TVSMOTOR VIEW - CONTINUATION TVS MOTOR VIEW CONTINUATION (disclaimer - for study purpose only)
BUY ENTRY WAS SUGGESTED FROM 483 LEVEL WITH TARGET RANGE 500-515
WHICH IS ACHIEVED
WHEN IT COMES TO PATTERN FORMATIONS
WE CAN SEE ON DAILY CHART
SCRIPT HAS MADE INVERSE HEAD & SHOULDER PATTERN
+ CUP & HANDLE PATTERN
COMING TO SUPPORT & RESISTANCE CHECK :-
THE SCRIPT IS NEAR THE LEVEL WHICH HAS BEEN
RESISTANCE LEVEL SINCE JAN'20
LOOKING AT THE MOMENTUM THERE SEEMS HIGH POSSIBLIBITY
FOR THIS LEVEL TO CROSS
AND IF CROSSED THE TARGET RANGE SEEMS TO BE
530 -588
A DIP TILL 480-84 LEVEL CAN BE TAKEN AS A BUY ZONE
FOR TARGETS - 500-510-530-588
A STOP FOR THIS SWING TRADE CAN BE KEPT NEAR 440 LEVEL OR AS PER COMFORT
below attached previous idea shared for reference
BANDHANBANK Multiple PatternsBANDHANBANK has given neck line breakout for inverted H&S pattern at 330 Neck line with a potential to reach 407
Currently it is forming Rounding bottom, in the long run it is looking to make around 560 levels which is almost 50% from current levels.
There is a trending resistance line which is going to meet at end of the rounding bottom, so big breakout ahead.
Handle formation or retracement at 400 level can be expected.
SARDA ENERGY in Multiple patternSARDA Energy formed a rounding bottom on daily frames, and realized breakout lately, however still 10% upside is intact. more over we can see Eliotte WAVE on WEEKLY scale, currently it is in 3rd wave (Impulsive), it can quickly reach 370-380 levels. end of 5th wave could be seen at 480-510 levels.
Reversal Signs Signals 👀 Rounding pattern formation
Lead to a bullish rally
Later on breaking of neckline
All follow up candles touched neckline
Interesting note is last 3 day candles
Almost DOJI candles back to back
These makes it curious for a reversal and start of downtrend below neckline
Sale wud trigger around 104-103 with so 108
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Gold Futures - Rounding Bottom PatternPrice forming Rounding bottom pattern and presently falling down to take the support as shown in the analysis. One can expect a good up movement after taking the support from the pattern.
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