Cup & Handle Pattern (Weekly TF) #BIRLACABLE - Amazing Volume on up Move and significantly dried up during down side - Trading above Key EMAs - Bullish RSI - More explanation on chart itself.
Important Demand Zone #CEATLTD - Reversal Candle at demand zone - Big volume - Buying happened at this zone earlier as well - Trading above key EMAs - Go through the Chart for more clarity. Disc :- I see a pull back after this.
- Inverted H&S with 2 Left and 2 right shoulders - Price building up at the neck line - HL and equal highs makes it an ascending triangle Disc :- This is an weekly chart so wait for an Weekly candle to close above the neck with strong volume
Inverted H&S pattern - One of the most powerful reversal setups H&S - Can Consider a C&H pattern as well where The handle is being formed. - Remaining explanation at the Chart itself Disc :- Wait for the BO
Cipla forming a Head and shoulder in daily chart, breakdown below 910
I will go long on ADABTC after the Daily candle close above the resistance.
Daily Candle close above the blue zone will make to go long(buy) .
A formation of ascending triangle is being observed. Though this is bullish sign but will wait for the candle close on the break even. And also RSI is also getting support over the trendline.
In Nifty has formed symmetrical triangle on daily chart and its ready to break for upward momentum and bull are ready to break ress. we will going to witness this in few days.
tata steel has formed descending triangle an hourly chart waiting for breakdown and in your watchlist for tommorw
Charts of the week. In this video many stocks along with Nifty and BankNifty are discussed. Please watch this video to find stocks that you have been following. Wish you Happy 75th Independence Day and Happy Trading for coming week.
Charts of the Day: The stocks discussed in this video are $ICICIBANK $Havells $TataSteel $TataPower $LT All Disclaimers apply
Chart pantters Candlestick patterns Normally indicators uses
chart for swing trade wait for a day and then execute according to tomorrow do ur own analysis happy trading