BANKNIFTY 30MIN chartA clear INVERTED H&S pattern formed on B.N chart. One can go long on the index on breaking of neckline
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SBICARD, STOCK BEHAVIOR STUDY (CHART# 296)This chart is for demonstrating how each stock have its own characteristic and study of past behavior of stock can greatly help us its momentum in future.
SBICARD has followed a series of flag patterns and breakout which witnessed volume spike and then consolidation. Over repeated pattern formation, SBICARD is slowly fading out as height of its move is gradually decreasing.
Using price action analysis, one should always look at its past behavior to shortlist high probable setups. There are stocks which follow fibonnaci 61.8% retracement repeatedly and using this past behavior information is very useful in placing high RISK to REWARD trades.
Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE".
If you receive any benefit from idea, appreciate by your likes/comment. If you earn from my ideas, kindly consider donating small part of your profits to those in need.
Reach out if you wish to learn simplest form of price action and willing to put effort in practice.
Cheers!
Piyush Gupta
VOLTAS, ANOTHER BEAUTIFUL PRICE ACTION (CHART# 295)VOLTAS has closed at breakout level and looks bullish abv 582 (small hurdle at 587).
Looking at previous history of VOLTAS, this stock move well after confirmation of BO. So this should be on radar for next few days and if it sustain abv 582-87 then it should show good movement.
Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE".
If you receive any benefit from idea, appreciate by your likes/comment. If you earn from my ideas, kindly consider donating small part of your profits to those in need.
Reach out if you wish to learn simplest form of price action and willing to put effort in practice.
Cheers!
Piyush Gupta
Gujarat Gas New lifetime high; Inverted H&S in weekly charts.1. Stock has reversed after making a new lifetime high; Inv H&S pattern is observed in daily charts.
2. Go long on at 23.6 fibi retracement of prior uptrend i.e. 286.70; targets 350, 385 & 405.
3. RSI divergence is observed in daily TF, trade with tight stop loss.
Flag Breakout on Daily Charts with High Risk Reward RatioA Buy Call on daily charts based on MACD, EMAs, VWAP and a flag breakout confirmation.
Nifty 5 Mints Price Action Chart Part -2This is Nifty 5 Minutes Price Action Intrday Chart. How Nifty respected Support and resistance in 5 minutes chart.
Maruti Inverse H&S in Daily ChartInverse H&S formation in daily chart, neck-line at 5,600 levels, targets of 5850, 6080 & 6,450 stop below 4,880; pattern target is 6,800; RR 1.66.
RSI divergence (Bullish) is observed in daily charts, currently RSI is neutral but is likely to move into bullish territory if price sustains and moves up from current levels.
Alternately as stock is NR7 + IB in daily chart (23.04.2020) close entry may be considered above 5,250 with stop below 4,880; RR 3.25.
BOF of short trade is most ideal.
Nifty bearish chart PatternAs per Chart. Rising Wedge Chart Pattern, Hanging Man @daily
Please correct me..if you observe mistake..I am novice..
MCDOWELL H&S PATTERN ON 15 MINUTE CHARTSO finally there is head &shoulder pattern on dis stock on 15 minute chart.....neckline broken so we r going to short dis stock...entry,exit and sl given on chart.
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KING999
NIFTY GO LONG - AS LONG AS NIFTY HOLDS 7980 ON WEEKLY CHARTS7980 is a level, where a head and shoulder and inverted head and shoulder breakout happened in 2015-2016, Since then it acted as support on weekly chart and never closed below this level. Hope it holds. If breaks, go short for a target of 7500 and 6900
INVERTED HEAD AND SHOULDERS PATTERN IN WEEKLY CHARTS OF PAGE INDWith sustaining at the breakout levels of weekly charts in page industries. It looks bullish from here up to the targets of 30000.
double bottom pattern on daily chartsglenmark has formed double bottom pattern on daily charts with neckline around 375
buy for the targets of 420 sl 360
double top pattern on monthly chartskotak bank is forming double top pattern on monthly charts with neckline around 1477.
closing below 1477 will open gates for 1420/1400
Inverted Head & Shoulder Seen on Nifty 15 Min ChartNifty formed an Inverted Head & Shoulder Pattern on 15 Min. Chart. It will be activated after breaching 11313 and Nifty Should touch 11340-11360.
CESC Double bottom on weekly chartsCESC Ltd
Technical Reason-
-W formation on weekly charts(also know as double bottom) which is a bullish sign for the stock.
-Long Candle on weekly charts which cover previous 3 weeks candles.
-Breakout on daily charts above 936 has happened last weekend.
Motherson Sumi - H&S formed in weekly chartMotherson Sumi - H&S formed in weekly chart. Look for breakout of neck line at 300 with heavy volume for downside till 208
Jain Irrigation - Super Bullish ChartStock has broken out of weekly ascending triangle. Can move to 125-127 zone shortly. In case this zone is taken out, stock will probably make a big move.
Also, CnH pattern (blue line) visible on the chart. This can take stock to much higher levels.
PS: Trade as per our own research.
