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ICICIGI [cup&handle]Cup and Handle Pattern : The chart shows a classic "cup and handle" formation, which is typically a bullish continuation pattern. There was a breakout above the handle, which is a strong bullish signal. The price broke above the resistance level formed during the handle, indicating potential for further upside movement. Resistance: The previous resistance level around 1660-1700, which has now been broken, can be considered a new support level. Support: The area around 1600, which acted as a neckline for the cup and handle, is now a significant support level. Volume Analysis: An increase in volume during the breakout is a positive sign. If the volume continues to remain strong on up days, it reinforces the bullish sentiment. Potential Target Levels : The first target can be around the previous high near 1800-1850. Further targets can be calculated using Fibonacci extensions or by projecting the depth of the cup (around 200 points) added to the breakout level, giving a target near 1900. By keeping an eye on these levels and the overall market conditions, traders and investors can make informed decisions about their positions in ICICI Lombard. for MORE check in my Tv-id in.tradingview.com If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:ICICIGILong
by asAMOLSUTAR
2
Stock Market Analysis Report: Lupin Limited (NSE: LUPIN) Introduction Greetings, traders! If you're looking for a pharmaceutical stock that might just cure your portfolio blues, look no further than Lupin Limited. This stock is brewing up an interesting pattern that’s worth a closer look. Let’s dive into the technical details and see what’s in store! Price Action Overview Chart Analysis Current Price: ₹1,759.30 Daily High: ₹1,767.00 Daily Low: ₹1,598.25 Volume: 10.039M Key Technical Indicators Bearish Gartley Pattern: The chart reveals a bearish Gartley pattern, suggesting a potential reversal. Rectangle Pattern with Potential False Breakout: The price is within a rectangle pattern, hinting at a potential false breakout. Decreasing Volume: The volume is on a decline, which could signal weakening momentum. Detailed Analysis Bearish Gartley Pattern Formation: The Bearish Gartley pattern, marked by points X, A, B, C, and D, indicates a potential reversal from the current uptrend. Implications: This pattern suggests that the stock might face resistance at the current levels and could potentially see a pullback. Rectangle Pattern with Potential False Breakout Rectangle Pattern: The stock price is trading within a rectangle pattern, showing consolidation between support and resistance levels. False Breakout: The current breakout might be a false one, as indicated by the rectangle pattern and the resistance at point D. Decreasing Volume Volume Trend: The decreasing volume trend suggests that the current upward momentum might be losing steam. Significance: Lower volume during a breakout can indicate a lack of strong buying interest, increasing the chances of a reversal. Price Targets and Support Levels Immediate Resistance: ₹1,800.00 - This is the next resistance level to watch closely. Support Levels: Primary Support: ₹1,600.00 - A key level to maintain for bullish sentiment. Secondary Support: ₹1,400.00 - A more conservative support level aligning with previous consolidation areas. 💊📉 Conclusion Lupin Limited is showing a bearish Gartley pattern with a potential false breakout within a rectangle pattern. The decreasing volume adds caution to the current bullish momentum. Keep an eye on the resistance level at ₹1,800.00 and monitor the volume to gauge the strength of the current trend. Happy trading, and may your portfolio stay healthy and robust! 🌿💰 Disclaimer This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions.
NSE:LUPIN
by TRADING-NASA
BANK NIFTY - TIME TO SELL & RUN AWAY ?Symbol - BANKNIFTY CMP - 51720 BANKNIFTY is following a rising channel & headed towards its higher end. Currently It is trading 51600 - 51750 & trying to break it on upside. According to my analysis, BANKNIFTY will face strong resistance around round level 51500 - 52000 which is also upper end of the rising channel. In case it breaks it on upside, A breakout fail scenario is highly likely. I'm expecting Nifty Bank to show a reversal from these levels & It may witness a strong profit booking. Hence I am creating huge short positions in Bank Nifty July Futures at CMP 51720 I will add more position at 52000, if comes & will hold with SL of 52200 Targets I'm looking for on downside will be 49260 - 48000 & In case If it breaks this rising channel on downside, We may see huge fall till 45500 - 45600 which is the ultimate target if any major correction happens. RR is very favorable here. That's why taking more position than usual. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BANKNIFTYShort
by akshit_official
Great Shorting opportunity in ABBABB is around the Long Term Resistance ABB is up almost 1200% in last 4 years ! Which is very extraordinary. If we analyse Monthly timeframe analysis then we can clearly see Stock is around the long term channel Resistance. Resistance is coming around 9200-9300 Also to confirm the same resistance, on a Daily timeframe we can see Rising channel which is seems working and stock is around the resistance. Right now stock is around 9200-9100 and if stock falls from the highs then we can expect stock to come around 7200-7300 Thank you !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:ABBShort
by FiveCircles
VOLTAS LTD[cup&handle] VOLTAS LTD (NSE), we see a clearer depiction of a potential "Cup and Handle" pattern, which is a bullish continuation pattern. Here’s a detailed analysis of the chart Cup and Handle Pattern - The chart shows a cup-shaped curve followed by a slight downward handle, indicating a bullish continuation pattern. - The breakout from the handle signifies a potential upward move. Target Levels - **1st Target (1st TRG)**: The first target is around 1800 INR. This is a near-term resistance level where traders might consider taking partial profits. - **2nd Target (2st TRG)**: The second target is around 2400 INR, which aligns with the measured move from the depth of the cup. . Volume - The volume shows an increase during the breakout, which supports the validity of the breakout and the continuation pattern. Buy or Sell Considerations Buy Consideration: If you are looking to buy, entering around the current price (1534.25 INR) or on a slight pullback to the breakout level would be ideal. Sell Consideration: - Partial sell or profit-taking around the 1st target (1800 INR). - Full or additional sell around the 2nd target (2400 INR) if the stock shows signs of slowing down or reversing. The Cup and Handle pattern indicates a bullish outlook with a strong potential for upward movement. - Consider buying around the current level or on a pullback. Always ensure to monitor the volume and market conditions, and use stop-loss orders to manage risk effectively. for MORE check in my TradingView ID "https://in.tradingview.com/u/asAMOLSUTAR/" If You LIKE MY Idea ......Boost. 🔥🔥🔥..its. "Disclosure: I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏🙏
NSE:VOLTASLong
by asAMOLSUTAR
AUBANK TRIPLE BOTTOM SUPPORTAUBANK CMP 669 Formed a TRIPLE BOTTOM support at 635 and bounced strongly But, Now small resistance is 690--700 If sustained above it can pump upto 720 / 740 / 760 / 780 WITHIN SHORT TERM ---------------------------------------------------------------------------------------------------------- But recently there was a huge gap up in this stock around 23rd april.... This gap filling is pending.......... So below 630 this GAP can be FILLED.... AND 575 WILL SUPPORT AUBANK TO BOUNCE ---------------------------------------------------------------------------------------------------------- Regards... Keshav.. 05/11/2023
NSE:AUBANK
by Harmonics4Life
medium term shorting opportunity in InfosysHi, NSE:INFY has given a bearish flag breakout on weekly charts with very good volume. MACD is also on the bearish side on Weekly and Monthly time frames. RSI is also on the bearish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the current momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Election outcome this week, so position yourself accordingly. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:INFYShort
by raigvivek
2
LT - Positional Short SetupCMP 3658 on 29.04.24 The chart explains the support and resistance areas in recent sessions. According to the scenario, if the stock does not sustain above 3730, may go weak in the next few sessions. One should sell between 3650-3700. Targets are mentioned on the charts. This setup fails if the price sustains above 3730-50. One has to plan the position size and the exit plan wisely. This is only for learning and sharing purposes, not trading advice in any form. All the best.
NSE:LTShort
by anandlive