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Shark

VETO: Breakout and Harmonic PatternsThis analysis will provide an in-depth examination of the technical aspects of VETO's weekly chart, focusing on the recent breakout of a falling trendline, potential RSI resistance breakout, and the formation of harmonic patterns. Additionally, a potential trade opportunity will be explored based on these technical signals. Chart Analysis: Analyzing the TradingView chart of VETO offers insights into the stock's current technical conditions and possible price movements. Breakout of Falling Trendline: The weekly chart indicates that VETO recently experienced a significant breakout from a falling trendline. Such a breakout often signifies a shift in market sentiment from bearish to bullish, potentially leading to an extended uptrend. This breakout could serve as a foundation for further price appreciation. RSI Resistance Breakout: The Resistance level observed on the Relative Strength Index (RSI) suggests that the stock's momentum could be on the cusp of a potential breakout. A successful breakout in the RSI resistance level may align with the bullish breakout in the price chart, further confirming the stock's upward potential. Harmonic Patterns: Cypher and Shark: The weekly chart also indicates the formation of two harmonic patterns, namely the Cypher and the Shark. These patterns are characterized by specific Fibonacci levels and price ratios. The Cypher pattern has potential targets in the range of 144 to 156, while the Shark pattern targets the range of 162 to 192. These patterns provide potential price levels where traders might anticipate trend reversals or significant price movements. Trade Opportunity: Based on the analysis conducted above, a potential trade opportunity may be emerging for VETO. Traders could consider initiating a long position at the current market price (CMP) of ₹125.9. To manage risk, setting a stop loss (SL) at ₹114 is recommended. The first target for this trade is set at ₹144, aligning with the Cypher pattern's potential reversal level. If the bullish momentum continues, the second target of ₹162 could offer additional potential gains, aligning with the Shark pattern's target range. Conclusion: The technical analysis of VETO's weekly chart suggests the possibility of a bullish scenario. The breakout of the falling trendline, the potential RSI resistance breakout, and the presence of harmonic patterns all contribute to this outlook. Traders may consider initiating a long position at the CMP of ₹125.9, with a SL at ₹114, while aiming for targets of ₹144 and ₹162. As with any trading decision, it's crucial to exercise caution, conduct thorough research, and potentially consult a financial advisor. Moreover, implementing effective risk management strategies is essential to make informed and prudent trading choices.
NSE:VETOLong
by yaashul
ONMOBILE's Chart: Bullish Breakout and Harmonic PatternsIn this analysis, we will delve into ONMOBILE's weekly chart, focusing on the breakout of the falling trendline and the presence of both Shark and Cypher Harmonic Patterns. We will assess the potential buying opportunity for ONMOBILE based on these technical signals. Let's proceed with the analysis. Chart Analysis: The TradingView chart for ONMOBILE reveals important technical factors that could influence the stock's price action. Breakout of Falling Trendline: ONMOBILE's weekly chart exhibits a notable breakout of the falling trendline. This breakout indicates a potential reversal of the downtrend and suggests an increased interest from buyers, potentially leading to an upward movement in the stock's price. Harmonic Patterns - Shark and Cypher: The chart displays the presence of two harmonic patterns, namely the Shark and Cypher patterns, on the weekly timeframe. These patterns are potential reversal formations that rely on Fibonacci ratios. The occurrence of these patterns further enhances the bullish case for ONMOBILE. Trading Opportunity and Targets: Given the combination of the bullish breakout and the presence of harmonic patterns, there appears to be a potential buying opportunity for ONMOBILE. Traders may consider initiating a long position at the current market price (CMP) of ₹79.2. However, it's essential to acknowledge that the suggested stop loss at ₹74 is intended to manage potential risks. For the targets, three potential levels are set: Target 1 at ₹85, Target 2 at ₹90, and Target 3 at ₹99. These targets are determined based on the technical analysis of the harmonic patterns and the breakout. Conclusion: The technical analysis of ONMOBILE's weekly chart indicates a bullish outlook for the stock. The breakout of the falling trendline, along with the presence of both Shark and Cypher Harmonic Patterns, suggests potential upward momentum. Traders may consider entering a long position at the CMP of ₹79.2, with a stop loss set at ₹74 and targets at ₹85, ₹90, and ₹99. As with any investment decision, caution should be exercised, and it is recommended to conduct thorough research and consult with a financial advisor before making any investment choices. Additionally, traders should closely monitor the stock's price action and consider implementing appropriate risk management strategies.
NSE:ONMOBILELong
by yaashul
RPSG Venture Flag & Pole BOA bullish flag and pole structure is completed on Weekly chart of NSE:RPSGVENT One can create a fresh position at CMP of Rs. 467 or Below with a stop loss of Rs. 440 and for target of rs. 494/521/538. Exit the position if the stop loss is triggered on WCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME. I AM EAGERLY WAITING FOR YOUR COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:RPSGVENTLong
by raigvivek
IGL's Chart: Support at Rising Trendline and SharkIn this analysis, we will thoroughly examine the technical aspects of IGL's chart, focusing on the support at the rising trendline and the presence of a Shark Harmonic Pattern on the daily timeframe. We will assess the potential buying opportunity for IGL based on these technical signals. Let's proceed with the analysis. Chart Analysis: The TradingView chart for IGL reveals significant technical factors that may impact the stock's price action. Support at Rising Trendline: IGL's candlestick chart is finding support at the rising trendline, indicating a potential area of price support. The rising trendline suggests a positive trend in the stock and may attract buying interest from traders and investors. Shark Harmonic Pattern: The chart shows the presence of a Shark Harmonic Pattern on the daily timeframe. The Shark pattern is a potential reversal pattern based on Fibonacci ratios. The completion of the Shark pattern could signal a bullish trend continuation for the stock. Trading Opportunity and Targets: Considering the technical signals, a potential buying opportunity may be presented for IGL. Traders may consider initiating a long position at the current market price (CMP) of ₹456. However, it is essential to acknowledge that the suggested stop loss at ₹446 is intended to manage potential risks. For the target, a potential level is set at ₹477, representing a potential upside target based on the Shark Harmonic Pattern formation. Conclusion: The technical analysis of IGL's chart suggests a potentially bullish outlook for the stock. The support at the rising trendline and the presence of the Shark Harmonic Pattern indicate a possible trend continuation. Traders may consider entering a long position at the CMP of ₹456, with a stop loss set at ₹446 and a target of ₹477. As with any investment decision, caution should be exercised, and it is recommended to conduct thorough research and consult with a financial advisor before making any investment choices. Additionally, traders should closely monitor the stock's price action and consider implementing appropriate risk management strategies.
NSE:IGLLong
by yaashul
Analyzing CUB's Harmonic Shark Pattern, Trendline SupportIn this post, we will conduct a comprehensive analysis of Cub's weekly chart, focusing on the formation of the Harmonic Shark pattern based on Fibonacci levels. Additionally, we will explore the presence of trendline support, the demand zone, and the RSI indicator. By examining these technical aspects, we aim to gain insights into the potential direction of the stock. Let's delve into the analysis and explore the situation. Chart Analysis: Upon reviewing the provided TradingView chart for Cub, we can identify the formation of a Harmonic Shark pattern on the weekly timeframe. This pattern is based on Fibonacci levels and suggests a potential reversal in the stock's trend, indicating a shift from a bearish to a bullish market sentiment. The Harmonic Shark pattern incorporates Fibonacci retracement levels to identify potential reversal zones. It consists of five key points: X, A, B, C, and D. The pattern is formed by the price retracing from point X to point A, followed by a rally from point A to point B. The subsequent correction from point B to point C creates the potential reversal zone. Finally, the price moves from point C to point D, representing the potential reversal and continuation of the bullish trend. Trendline Support, Demand Zone, and RSI: In addition to the Harmonic Shark pattern, we can observe the presence of trendline support on the chart. This support level adds significance to the potential reversal indicated by the pattern. It suggests that the stock's price might find buying interest in this area, potentially leading to a bounce or a continuation of the bullish momentum. Furthermore, the chart also indicates the presence of a demand zone. This zone represents an area of significant buying interest and may act as a support level for the stock's price. The convergence of trendline support and the demand zone strengthens the potential for a bullish move. Additionally, the RSI (Relative Strength Index) on the weekly chart is starting to show attractiveness. The RSI is an oscillator that measures the speed and change of price movements. An RSI reading below 30 is often considered oversold and may indicate a potential buying opportunity. The attractiveness of the RSI suggests a possible shift in momentum to the upside. Analysis and Targets: Considering the Harmonic Shark pattern, the suggested entry point would be the current price of 125. The initial target for this pattern is set at 156, with a subsequent target of 180. These levels represent potential areas where traders may consider taking profits. To manage risk, a suggested stop-loss level of 109 is recommended, which helps limit potential losses if the anticipated reversal does not materialize. Conclusion: Based on the technical analysis, Cub's weekly chart exhibits the formation of a Harmonic Shark pattern, indicating a potential reversal and continuation of the bullish trend. The presence of trendline support, the demand zone, and the attractiveness of the RSI further enhance the potential for an upward move. Traders and investors should closely monitor the price action around the trendline support, the demand zone, and the confirmation of the Harmonic Shark pattern before making any trading decisions. It is important to consider other technical indicators, market conditions, and consult with a financial advisor before making investment choices. Disclaimer: The information provided in this blog post is for educational purposes only and should not be considered as financial advice. Trading stocks involves risks, and past performance is not indicative of future results. It is advisable to consult with a financial advisor or conduct further research before making any financial decisions.
NSE:CUBLong
by yaashul
Be Ready for another retracement in SBICARDSName of the Stock - SBICARDS Time Frame - Hourly . . Name of the Pattern - G2 Bearish Shark Harmonic Pattern . PRZ 1 - 847.85, PRZ 2 - NA , PRZ 3 - 847.30 . Stoploss - 850.15 . Additional Signal - Trendline acting as Resistance is near PRZ Zone . . . Note : Previously I have Posted Harmonic Analysis on Higher Time Frame including Daily, Weekly and Monthly. Some user asked me, try to post Harmonic Analysis on Smaller Time Frame. So I am posting this first analysis on smaller Time Frame.
NSE:SBICARDShort
by VIJAY_ARUN_SURYAWANSHI
8
JKLAKSHMI's Anti-Shark and Bat Patterns, Potential TargetsIn this post, we will conduct a comprehensive analysis of JKLAKSHMI, focusing on the formation of the anti-shark and bat patterns on the chart. Additionally, we will consider the impact of a rumored reduction in Goods and Services Tax (GST) on cement products, which could potentially influence the stock's performance. Let's delve into the analysis and gain insights into the situation. Chart Analysis: Upon examining the provided TradingView chart for JKLAKSHMI, we can observe the formation of both the anti-shark and bat patterns. These patterns provide potential trading opportunities for investors. The bat pattern has an activation zone at 688.5, suggesting a potential bullish reversal if the price reaches this level. The first target for the bat pattern is set at 715.2, with the second target at 738. It is important to establish a stop loss at 655 to manage risk effectively. The anti-shark pattern has an entry point at 693, indicating a potential bullish reversal. The first target for the anti-shark pattern is set at 719, with the second target at 741. A stop loss at 660 is recommended to limit potential losses. Support and RSI Analysis: The daily chart of JKLAKSHMI displays a weak trendline support, further enhancing the potential significance of the anti-shark pattern. A buying price of 660, with a small stop loss of 645, is suggested for trendline traders. However, it is essential to exercise caution and ensure confirmation through other technical indicators and price action before making trading decisions. Additionally, the daily Relative Strength Index (RSI) is in the oversold zone, indicating that the stock may have been oversold and could potentially experience a rebound in the near future. While this can provide a supportive argument for the bullish case, it should be considered alongside other factors and indicators. Impact of GST Reduction Rumors: It is crucial to consider the potential impact of the rumored GST reduction on cement products. If the GST rate on cement products is reduced from 28% to 18% in the next GST meet, it could have a positive influence on cement manufacturers like JKLAKSHMI. Such a reduction could potentially lead to increased demand and improved profitability for the company, which might positively affect its stock price. Conclusion: Based on the analysis, JKLAKSHMI exhibits the formation of the anti-shark and bat patterns, which suggests potential bullish reversals. Traders should carefully monitor the price levels mentioned, along with the suggested stop losses and targets, while considering additional technical indicators and price action for confirmation. Furthermore, the rumored reduction in GST on cement products could act as a catalyst for JKLAKSHMI's stock price. Investors should stay informed about developments surrounding the GST meetings and subsequent decisions. However, it is important to note that trading and investment decisions should be made after thorough analysis and consideration of both technical and fundamental factors. It is advisable to consult with a financial advisor or conduct further research before making any financial decisions.
NSE:JKLAKSHMILong
by yaashul
CanFinHome: Weekly Chart Analysis Signals Bearish MomentumIn this technical analysis article, you can examine the CanFinHome weekly chart and evaluate various indicators and patterns to gain insight into potential price movements. We focus on horizontal resistance, Elliott wave theory, daily RSI, anti-shark patterns and price action to estimate the future direction of the stock price. Weekly horizontal resistance: The first significant observation on the Can Fin Homes weekly chart is the presence of a pronounced horizontal resistance level. This level creates an obstacle to price gains and often results in stock trend reversals. Traders and investors should monitor this level closely as it could put strong selling pressure on stocks. Completion of the Elliott Wave: Based on Elliott Wave theory, Can Fin Homes appears to have completed the 5th wave. According to this principle, 5 waves are usually completed followed by a correction phase. This indicates a possible stock trend reversal, increasing the likelihood of a downtrend. Daily Overbought RSI Range: The Daily Relative Strength Index (RSI) is an important momentum indicator that helps identify overbought and oversold conditions. In the case of Can Finn Holmes, the RSI on the daily chart is in overbought territory, indicating that the stock may face a downside or consolidation phase. This further underscores the pessimistic outlook for the stock. Weekly shark action chart pattern: Another notable pattern on the weekly chart is the presence of anti-shark patterns. A variation on the famous shark pattern, this pattern features a rapid drop in price followed by a strong reversal. An anti-shark pattern suggests that stocks may fall before a potential upside reversal. The price spread suggests a premium zone around 720: Analyzing price movements on the weekly chart, we can see that Can Fin Homes is hovering around the 720 level. This points to the existence of a potential premium zone where sellers can start to dominate and push prices down. Traders should closely monitor price action around this level for further confirmation. Trading settings: Based on the analysis of the indicators and patterns above, the possible trade setups are: Entry: 697 Goal 1: 679 Goal 2: 663 Stop loss: 719 Conclusion: In summary, Can Fin Homes' weekly chart-based technical analysis points to bearish momentum for the stock. The presence of horizontal resistance, the completion of the 5th Elliott Wave, the daily RSI in the overbought region, the anti-shark pattern, and price action suggesting a premium area around 720 all point to a potential downside for the stock. However, it is important to remember that technical analysis is not absolute and traders should always consider other factors and risk management strategies before making a trading decision.
NSE:CANFINHOMEShort
by yaashul