AXISBANK chart analysis for 1st Mar 2021 [READ THE DESCRIPTION]AXISBANK chart analysis for 1st Mar 2021
READ THIS: NONE of the analysis has failed so far. I am posting 10 a day. You can check the history.
1. Check the levels and analysis.
2. If you are new, trade in low quantity or trade with virtual currency: https://trading kaivalya digital/papertrading.
3. If (or when) the stock moves 50% in our direction, start booking partial profits. This is very important as the stocks, a lot of times, show a reversal.
3. After the day ends, come back and play back the candlesticks , if you haven't traded. Check if the levels hold.
4. Hit that like button and comment if you find the analysis is holding.
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VEDL chart analysis for 1st Mar 2021 [READ THE DESCRIPTION]VEDL chart analysis for 1st Mar 2021
READ THIS: NONE of the analysis has failed so far. I am posting 10 a day. You can check the history.
1. Check the levels and analysis.
2. If you are new, trade in low quantity or trade with virtual currency: https://trading kaivalya digital/papertrading.
3. If (or when) the stock moves 50% in our direction, start booking partial profits. This is very important as the stocks, a lot of times, show a reversal.
3. After the day ends, come back and play back the candlesticks, if you haven't traded. Check if the levels hold.
4. Hit that like button and comment if you find the analysis is holding.
IDBI chart analysis for 1st Mar 2021 [READ THE DESCRIPTION]IDBI chart analysis for 1st Mar 2021
READ THIS: NONE of the analysis has failed so far. You can check the history.
1. Check the levels and analysis.
2. If you are new, trade in low quantity or trade with virtual currency: https://trading kaivalya digital/papertrading.
3. If (or when) the stock moves 50% in our direction, start booking partial profits. This is very important as the stocks, a lot of times, show a reversal.
3. After the day ends, come back and play back the candlesticks, if you haven't traded. Check if the levels hold.
4. Hit that like button and comment if you find the analysis is holding.
Tata Coffee Ltd forms bearish "Head and Shoulders Top" chart patTrading Central has detected a "Head and Shoulders Top" chart pattern formed on Tata Coffee Ltd (TATACOFFEE:NSE). This bearish signal indicates that the stock price may fall from the close of 105.35 to the range of 92.00 - 94.00. The pattern formed over 35 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
The price seems to have reached the end of a period of "distribution" at the top of a major uptrend; the break down through support signals a reversal to a new downtrend. The Head and Shoulders Top is created by three successive rallies in the price following a significant uptrend. The highest high (head) is in the middle, flanked by two lower highs (shoulders) at roughly the same level. Volume is highest as the price makes the first two rallies, then diminishes through the right shoulder. Finally volume surges as the price closes below the neckline (drawn between the two lows) to confirm the reversal.
Nice chart patternStock is in a continuous uptrend since last April month and there is some profit booking happening from few days because it has reached Resistance level. Will it follow its monthly chart pattern? Where will it find its next support? Comment your view and let us learn together.
Disclaimer: The content of the idea is solely my personal view which is purely intended for educational purposes and hence urge traders to make their own trading decisions based on their own trading knowledge. I won't be responsible for any kind of loss because of this idea. Consult your Financial Advisor before initiating any trade.