Get started

Search in ideas for "Chart Patterns"

KOTAKBANK - 2H TF - Head & ShouldersHead & Shoulders pattern forming on 2H Chart of KOTAKBANK. SELL 1300, SL 1385, Target(s) - 1285, 1275, 1265, and so-on. Measurement from top to bottom = 124. SL is far because one cannot ignore the rules of a pattern but at the same time also have to be reasonable about the probable and acheivable target(s). Alternatively, SL can be decided according to the Hourly Chart. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
NSE:KOTAKBANKShort
by c0dchef
ICICIBANK - 4H TF - Head & ShouldersHead & Shoulders pattern forming on 4H Chart of ICICIBANK. SELL 338-340, SL 380.3, Target(s) - 325, 319, 314, 308, 300. Measurement from top to bottom = 55. SL is far because one cannot ignore the rules of a pattern but at the same time also have to be reasonable about the probable and achievable target(s). Alternatively, SL can be decided according to the Hourly Chart. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
NSE:ICICIBANKShort
by c0dchef
AXIS BANK - 3H TF - Head & ShouldersHead & Shoulders pattern forming on 3H Chart of AXIS BANK. SELL 415, SL 458.1, Target(s) - 400, 390, 380, 375. Measurement from top to bottom = 69. SL is far because one cannot ignore the rules of a pattern but at the same time also have to be reasonable about the probable and acheivable target(s). Or follow the second option which I think is quite realistic than this one with minor changes. SELL below 415 for immediate target(s) of 400, 393, 387, 380, real bad below 375. SL according to Hourly Charts. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
NSE:AXISBANKShort
by c0dchef
long trade on IcicipruliICICIPRULI: Inverted Head and Shoulders Breakout - Retest Strategy ICICI Prudential Life Insurance Company (ICICIPRULI) has completed an inverted head and shoulders pattern, signaling a potential bullish reversal. Key Points: Pattern: Inverted head and shoulders completed on the long-term chart. Neckline: Former resistance at 605, now broken. Left Shoulder: Completed in August 2022. Head: Lowest point at 395, formed in March 2023. Right Shoulder: Completed in March 2024. Entry Strategy: Wait for a retest of the neckline (previous resistance at 605, now support). Look for a bounce off this level with confirming price action (e.g., bullish candlestick patterns). Enter on confirmation of the retest holding as support. Trade Parameters: Entry: After confirmation of successful retest. Target: Calculated by measuring the distance from the head to the neckline (210 points) and projecting upwards from the breakout point. Potential target: 815 (605 + 210). Stop Loss: Below the retest low or the right shoulder low, whichever is higher. Risk Management: Always use proper position sizing and consider the overall market conditions before entering this trade. Note: This is a technical analysis based on chart patterns. Always conduct your own research and consider fundamental factors before making investment decisions. #ICICIPRULI #InvertedHeadAndShoulders #Breakout #RetestStrategy
NSE:ICICIPRULI1!Long
by vtel123
UPL Stock Analysis Awaiting Bullish Signals for Optimal EntryUPL currently finds itself within a crucial support range of 600-616, aligning with the 0.38 Fibonacci retracement level. An additional support layer emerges in the 512-529 range, coinciding with the 0.5 Fibonacci level – a zone that could potentially serve as a logical stop-loss point. Post a bullish rally that spanned from March 23, 2020, to June 7, 2021, the stock has since entered a consolidation phase. This phase becomes evident when observing the diminished trading volumes in the aftermath of the rally. Although the stock has slipped below its 200-day moving average, a prudent approach suggests awaiting the emergence of bullish signals. NSE:UPL NSE:UPL These signals might manifest as the morning star, engulfing candle, or hammer candlestick patterns. Additionally, keeping a vigilant eye on chart patterns or instances of sudden upward momentum, reminiscent of the occurrence on July 23, 2018 – a time when the stock witnessed a surge just below the 200-day moving average – could provide additional cues pointing towards a potential bullish trend. It's noteworthy that the initial support area mentioned above presents an attractive trading opportunity, boasting a risk-reward ratio of approximately 2.5. Assuming the target lies within the realm of all-time highs (ranging between 846 and 861), careful consideration of these elements could pave the way for a well-informed trading decision.
NSE:UPLLong
by popularExpert69803
1
MATIC/USDT: Anticipating Bull Journey After a Corrective Phase ?In this technical analysis, we will examine the MATIC/USDT trading pair's recent price action and chart patterns. 1. Resistance Area - 0.8000-0.8150: MATIC/USDT has been facing a significant resistance area around 0.8000-0.8150. Multiple attempts to break above this zone have resulted in pullbacks. Traders should closely monitor this level as a successful breakout could trigger a bullish rally. . 2. Expected Corrective Phase and Potential Buying Zone - 0.5500-0.6000: Based on our analysis, we anticipate a corrective phase for MATIC/USDT in the near term. This retracement could find support around the 0.5500-0.6000 region, a crucial buying zone. Traders looking to enter long positions may find this level attractive as it aligns with historical support and offers a favorable risk-to-reward ratio. 3. Continuation of Higher Lows Patterns and Liquidity Sweep: Despite the resistance, MATIC/USDT has been forming higher lows, indicating potential bullish momentum. However, before resuming its upward trajectory, the price might perform a liquidity sweep towards the 0.5500-0.6000 support zone. Such a move is a common occurrence in crypto markets and should not be mistaken for a trend reversal. Conclusion: In conclusion, MATIC/USDT presents an intriguing trading opportunity for followers of our Trading View ideas. The resistance area of 0.8000-0.8150 and the expected corrective phase towards 0.5500-0.6000 make for crucial decision points. Traders should exercise patience, wait for confirmation signals, and manage risk effectively for potential gains towards 0.9000 and beyond.
M
by Un_trade
CHALET HOTELS - Box, Triangle & TrendlinesDarvas Box & Triangle with some trendlines shows that CHALET HOTELS can give a decent movement in the comings weeks ahead. Recently, it bounced back from 160, twice. Very Strong support in the 120-130 zone. Consolidating in the 158-196 range since last week of May '21. Upside looks good from hereon CMP/175-180 levels. Above 200 -> 250, 270, 290-295 and a close above 305-310 -> 350. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
NSE:CHALETLong
by c0dchef