1. Price Movement Stuck in Descending Triangle Pattern. 2. On Drawing AB=CD Pattern Recent Low and High. Recently, Price Retrace to 0.618 Level(AC=0.610). 3. Lets Find the reversal point. Assume BD=1.27 D Point Formed = 1253 4. Sell Below: 1300 Target: 1290, 1282, 1275 , 1253 Stop Loss:1308
I wish this patter is wrong and stock will not break the neckline because this is the stock I have invested for long term But lets see how it will behave at the support
NSE:ICICIBANK Break down from the trend line observed. Possible support levels and zone are marked. Keep an eye when reaching those levels.
Range bound price movement! with a confirmation candle short position can be derived and can get a profit opportunity! A rookie trying to learn feedback are welcomed!
Can be shorted based on the closing candle
LIC HSG FIN Closing price 261.85 Observations - Gap zone created on 4th May 2020 - stock faces resistance exactly at gap levels - broken the channel in the process - zone of 251-254 may provide some support - once that level is taken out the stock may come towards the green...
descending triangle breakdown . short around 394-398 levels for a target of 340 and stoploss of 405 on closing basis.
1. On Drawing AB=CD Pattern on Day Chart. 2. TCS took the reversal from the 0.618 level from Pre COVID 19 Price to Recent Lowest Price. 3. For the Complete formation of AB=CD Pattern , Assume BD=1.27. D Point Form at Rs1537. 4. On Recent , Descending Triangle Formation on 30M Chart. 5. Intraday- Sell Below 1880 Target: 1874, 1856 , 1833 Stop Loss...
LT looks bearish to me 803 is the fib retracement level so at least it will go up to that good for day trading and technically also it is bearish and then if it breaks the 803 level with good volume then next level is 785 (61.8%) retracement level give your thoughts in comment section and please correct if you find any mistake tell me more stocks which i should analyse
~ Stock is trading in a range from last 29days i.e. 18370 to 17200 ~ Completed its 5th Impulse wave now we can expect correction from there as Corrective waves. ~ Option Chain: STRONG BEARISH ~ Price-Vol-Delivery- BEARISH #commentyourviews Follow on Twitter- Shubhamjain1499
Formation of a Head and Shoulder Pattern and trading below 20ma. taking support at the neckline and a clear breakout. o Short. Target 500.
I SEE A SHORT OPPORTUNITY THERE AS YESTARDAY THERE WAS SOME BAD NEWS ABOUT 141CR RUPEES FRAUD IN SBI AND ALSO ACCORDING TO THE TREND LINE IT IS GOING DOWN (161.20) IS THE FIB ZONE SO IT SHOULD ATLEAST GO DOWN TO THAT LINE GOOD FOR INTRADAY FOR SWING TRADERS OTHER STOCKS HAVE BETTER OPPORTUNITY THAN THIS according to technical side moving averages show...
I THINK FEDERALBNK WILL GO DOWN TO 40 REGION OF SUPPORT AS TWOMOROW IS ITS EARNING DAY SO BETTER LOOK WHAT THEY HAVE GIVEN IN THEIR DATA BEFORE ENTERING BUT I THINK IT IS GOING TO BE NOT THAT GOOD BECAUSE OF CORONA PANDEMIC SO MOST PROBABLY IT WILL GO DOWN BUT STILL KEEP YOUR EYES ON THE TREND LINE SEE IF IT BREAKS OR NOT AND ON SUPPORT ZONE TOO TECHNICAL...
It is moving in a rage of 5142-4320 as it is a selling season the opportunity was at 5142 although it is on one of its support in the range for intra day there is a buying opportunity if it sustains the given level although i think it will come down to 4526 before going up but for swing traders it is a great sell opportunity suggest me more stocks that i...
1. Nifty Price Stuck in Descending Triangle Pattern in an Hour Chart Pattern. 2. Sell Below: 9150 target: 9100 ( It Is a retracement level, Price may reverse from here. Only one Target) SL:9170 IF YOU LOVE THIS STUDY PLEASE LIKE AND COMMENT ON IT. IF YOU WANT MORE FROM MY SIDE PLEASE FOLLOW MY PROFILE.
1. Volume Analysis: After 24/4/20 Volume on Reliance day Chart has been keep on decreasing with the rise in price. So, it mean Institutional investor or trader are not bullish on this stock. 2. On 7/5/20 , Reliance Close the price at Up moving 3 Drive Pattern on hour chart and complete the same with 1.26 level ( Near to 1.27 Fibonacci level). Rising Wedge...
1. As mentioned in my previous study Britannia broke Descending Triangle Pattern. 2. Recently, Price also broke the Monthly support level of 3026. Fallen to 2920 (Another Monthly Support level). 3. Today on 6/5/20 Price retrace the level of 61.8% to continue the further fall to 1.27 Level 4. Sell Below 2972 Target :2961, 2949, 2938 , 2921 , 2897 , 2873 Stop...