CHART WITH CUP AND HANDEL PATTERNWonderful chart with cup and handle pattern ... hoping for some good upward momentum
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Chart on Canara BankChart on Canara Bank
CMP @ 264.95
Short Term Target @ 222.00
Professional Target @ 245.15.00
Long Term Target @ 270.45.00
Average @ 205
I am expecting Canara bank to take support between 205 to 195 and move up. If it moves above 235 we can expect it to achieve professional target before next earning result.
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Nifty Chart for MondayChart for 31/01/2022
Head and Shoulder Pattern seen in I hour chart of Nifty and RSI Divergence also.......................................................................................................................................................
27 september Chart pattern and probably of MovementChart showing me., Monday will going up side. Because, Fibbo 50% retrenchment and it form a cup pattern on daily basis and also 1 minute time frame. Most probably is to going up move on Monday 27 september. Thank you.
Chart of the Week: Piramal Enterprises(PEL)Piramal Enterprises has been consolidating and rising slowly at a slow pace but now it seems it has taken the 4th gear and is about to accelerate upwards. This has been our chart of the week for this week among other stocks. Once it starts its upmove, may touch target of 4000-4500 in 4-6 months.
Sell Adani Ports - Chart posted for Educational Purposes onlyChart Posted for Educational Purposes only.
Chart Of the Week !! 14 March 2021 !!* Two chart pattern completing at the same time (Cup & Handle and Rectangle ) in Monthly time frame High conviction set up . Just before the breakout of C & H pattern made a rectangle pattern also .That very much convincing the reliability of breakout .
*Price has also trading all the important moving averages.
*If we look at the volume part, significant volume activity is witnessed at the time of breakout.
*Considering all technical evidences we may see good up move in Thermax Limited.
*Time period - 06 to 12 Months Target of 3000.00
Kindly Let us know if you have any question.
Chart of the Week (30/01/2021)Chart of the Week for this week is Siemens India. The stock had hit its resistance at Rs.1720 and is now heading towards the support of Rs.1565; if Rs.1565 is broken down then shorts can be added with a target of Rs.1460; otherwise one can add at the immediate support level or buy after the resistance of Rs.1720 is broken for bullish side trade.
Chart of the Week (16/01/2021): Axis BankAxis Bank looks like a good buy candidate as it has given good breakouts on all trendlines. Even a downward sloping resistance line has now been cut and should act as a support. Another rationale is that other banks (ICICI Bank, Kotak Bank, HDFC Bank) have run up and are at 52-week high/ATH. Maintain Stop Loss at Rs.640 and targets at Rs.765 and then at Rs.820 (ATH). The one negative thing on this chart is the Negative RSI Divergence, but divergences can act only as confirmation/support and should never be a rationale for trading. Hence one needs to be cautious.
