It is been observed that the price action is trending up in a channel on a weekly chart. On Monday, the price action breaks out and close above the important resistance level of 49 on dally chart, indicating a bullish signal and buyers dominance in price action. Now the price action shall move up as it is trending on weekly chart.
It is been observed on an hourly chart that the price action is trending in a downward channel where the price action making lower highs and lower lows. In order to break the channel, the price action must move out above 8820 levels until that happens every rise is a good opportunity to sell it.
It is been observed that the price action is forming a bullish Gartley pattern on daily chart that suggest a short pull back from the current levels. I believe it shall go up to 8680 levels before it continues its down fall.
Strong Support levels at 8568-8521
Bullish Gartley Pattern formed
MACD AND RSI Oversold
Therefore, one can take a long...
Cup and Handle then this Flag Breakout, Now on the verge of Multi-bagger.
Senior Please check the chart and give me your suggestion can we say this is a C&H and Flag Pattern?
Waiting for Suggestions from Tech Experts.
Today's price action indicated weakness as it failed to reach out to previous high levels of 8840. I believe sellers are now in dominance and the prices shall further move down tomorrow.
Target 1: 8747
Target 2: 8700
The above posted chart is a preview or quick snap shot of markets movements for past couple of days for retail traders to get some alignment with market and make inform decision by taking following factors in consideration
1. Showed GAP UP
2. Bearish Trending Channel GAP Down
3. Consolidation between 8745 -8690
Now, looking forward for a breakout from either...
On weekly Chart, it is been observed that there is a formation of Gravestone Doji candlestick that indicates bearishness. It forms in uptrend market to suggest change in trend. As showed in the chart, Nifty -0.96% is been trending up forming new upside breakouts and waves for a while, it is been now observed with a Gravestone Doji, that indicates change in trend...
Today's price action breaks down Nifty from the continuation Ascending Triangle Pattern. Now the price movement shall continue the downward rally to price levels of 8570 and 8535. It is important to note that 8520 is a crucial support in order to maintain the upward rally. Anything below will be taken as trend reversal.
Target 1: 8570
Target 2: 8535
On Hourly Chart of Nifty, I have observed a formation of Ascending Triangle, where we have two almost equal horizontal highs points and Three Higher Lows with Doji formation at the touch of trendline.
This pattern is bullish pattern and indicates accumulation.
Look forward to a breakout with strong candlestick on either side.
Since 13500, the price action is moving up steadily with consistent rally and breakouts. Building new highs and new lows on weekly chart. This week it has done the same thing and breaks out from previous consolidation. It signals bullishness in the price movement and now 19700 or 20000 seems achievable by next week. It is good time to go long on private and...
After long continuation downtrend, yesterday the price action breaks through the downward trend line with hugh volume and also at the same time breaks out from a short Flag pattern. It signals a strong trend change and a bullishness in price action. The price action shall move towards the previous support at 570 levels and another strong support at psychological...
After trending channel breakout, the price action has got into expanding triangle. It shall breaks down towards previous resistance area and confirm it with new support levels.
I have observed that the price action of ICICI on monthly chart is trending up and building a clear leading diagonal. It is been moving in 5-3-5-3-5 waves pattern that is narrowing gradually with the price action. At present, It is been observed that the leading diagonal has completed its Wave 1, Wave 2, Wave 3, Wave 4 and now it is preceding towards the...