A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets.
Chanel support breakout is in downside direction and displays that the uptrend is over and bears have taken over bulls.
This analysis is for EDUCATIONAL & INTELLIGENCE POURPOSE ,Trade at your OWN RISK!
Shree Cement is on a clear downtrend. But the W pattern would make one think that downtrend has come to an end as it is a bullish reversal pattern seen at the end of a downtrend. Here's why I'm short: 1) Bearish engulfing candle. (right at important level where if it crosses above, would make one to take a long position) 2) Bearish engulfing candle after a nice...
BUY AJANTAPHRMA IN DIPS NOW 1560.30 SL 1427 TARGET 1700 Over the last 5 years, revenue has grown at a yearly rate of 12.45%, vs industry avg of 6.95% Over the last 5 years, market share increased from 0.95% to 1.22% Over the last 5 years, net income has grown at a yearly rate of 8.58%, vs industry avg of 2.42%
Inverse cup with handle + Head & Shoulder + 50 MA Bearish Crossover of 100 and 200 MA.
This post is for purely for education and learning purpose only
Inverted Head and Shoulders Pattern with wedge pattern Sell - 11600 Target - 11200 Stoploss - 11700
The stock might fill its gap in upcoming session. These are my personal Views and trade as per your own analysis.
reliance chart buy side in one or two day
Adhering the Channel Can be Short at 285 levels or at Current levels Stop Loss 291 Target 265 levels
Bearish Engulfing Pattern formed. It can retrace upto fibonacci levels - 78.6, 61.8 %
FINCABLES Positional buy if close above 285 for targets 310/325
NSE:PEL (FOR LEARNING PURPOSE) Price Increasing on contracting volume Possible Retrace down could happen before rallying up Entry for Short - MARKET Target - 1300 Entry for Long - BUY WHEN PRICE RETRACES TO 1300 ( ON VOLUME CONFIRMATION) Target - 1630