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Scallop

Chola Finance Can you sell it ? 🤔Hey, do you like profit then your search is ending now Today we are having NSE: CHOLAFIN We have already seen that the chart is showing us weakness in the past few days but the scallops patterns have occurred and now you could see a downside What we have found by analyzing the chart 1. A Scallops pattern has occurred 2. The Chart Breaked a series of dojis and could be for selled for this week 3. It has left the 50 - day moving average a way too far 4. Time frame :- 1 Day 5. Like the Post and Follow us on Trading view Comment Below If You want to ask me questions on this on any other idea Have a Nice Day to you all Made By MAYANKTECHRESEARCHING 🙏 We are not responsible for any profit or loss Based on Your Own Risk this is only to show you what's going on
NSE:CHOLAFINShort
by MAYANKTECHRESEARCHING
2
NMDC - Multiple CONFIRMATIONSNMDC Current STRUCTURE- Rounding Bottom Breakout + RETEST MULTIPLE CONFIRMATIONS :- * Volume Expansion - Volumes since the last three months have been huge and continuously expanding * RSI bullish Divergence- NMDC is forming flat bottoms whereas RSI is forming Lower Highs which is contradicting hence we listen to what RSI is doing and this is an early signal of a reversal that can be expected really soon! * At The Golden Fib Zone b/w 0.618 & 0.5- We plot Fibonacci retracement and we see it is currently at a golden zone between 0.618 and 0.5 fib levels. We can take an entry when 0.5 gets broken by bullish candle or above 158 * Bullish Engulfing- At the second flat bottom it formed a bearish candle followed by a big bullish candle which indicates the previous candle was engulfed completely and hence it is a reversal candlestick pattern! Comment your views/queries and thanks for reading! HAPPY TRADING :)
NSE:NMDCLong
by UnknownUnicorn21160479
6
Descending Scallop but Other ObservationsPrice movement at the current level makes the chart very interesting. It has formed Descending Scallop pattern and gave breakout with good volume that could have drag the prices to 120 level. However it made a strong bar yesterday and thus formed divergence in RSI oversold Area. So I would prefer to consider it a failed Scallop breakout pattern and look for a opportunity now. One can go long at the current level by providing Stop Loss of recent low and look for a target of 160. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
NSE:VEDLLong
by praveen.bhatiya