Chart pattern depicts the situation clearly
REASONS
1. DRREDDY has been trading in an Ascending channel respecting the levels perfectly .
2. In Monthly timeframe, DRREDDY has given a Breakdown out of the 5 Year old trendline Support (White coloured)
3. Now, it is going through a Downswing(Descending Channel) inside the Ascending channel
4. Right...
Normally Rounding Top in the down trend markets are ignored. As ours is the growing Market there is the high chance that it will reach the neckline and the reversal could happen. Though while forming this pattern there is a slump in the volume (Decreasing Volume). I have given a short trade after the break of support and also provided the target price for the...
Trade Wisely. We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
CENTURYTEX:- The stock has formed a rounding top pattern, if the stock sustains by giving a downside breakout, we may see a downside movement in the stock, watch out
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until...
Chart patterns poise way for the above titled opinion
Reasons
1. SIEMENS travelling in a Ascending channel (From 2019)(Bright red & green lines shown in chart).
2. Now, it seems ready for the downswing (white trendline descending channel shown in chart) inside the Ascending channel.
3. Rounding top too confirming the chances of down move .
4. GAP b/w...
The Short Setup is as follows:
Elliot Wave Standing Point:
Rise from Covid Lows can be marked as a Diagonal in the form of ABCDE and Wave E just completed in September
For the Short Term as per Daily Time Frame, we can see the following Observations:
1) RSI gone below 40 ✅
2) ADX at 24 rising, DMI in Sell Mode ✅
3) Super Trend (10,3) gone in Sell Mode ✅
4) MACD...
1 week earlier also I have mentioned this idea and it fell 220+ points more than 7%,
again I am warning Ethereum could really be a falling comet, be cautious.
Huge rounding top is clearly visible in its weekly charts.
Ethereum could keep falling as it has created a rounding top of larger frame, though we have seen a morning star pattern a bullish reversal signal but it has not sustained which means Bear are much stronger.
INDUSTOWER Long
rounding top pattern breakout
Buy on close above - 221
SL- 209
Target - 233, 248, 265
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
At 180 levels, Cybertech has formed a rounding bottom with a pullback with a smaller candle on a Weekly basis. A long can be initiated with 1st target to be at 210 levels. SL can be placed at 170-174 levels.
Within few weeks we will be able to figure out where the BITCOIN is heading once it completes forming this pattern. I have mentioned the possible paths it is expected to follow.
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this stock is cash stock and is very cheap comparing with its peers. the line above rounding top is stoploss of 68₹ on weekly closing basis and this view is of about 3 months to 6 months can fetch 3 digits if all well in market.
