Falling Wedge Reversal Pattern!The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. Buy for 857 with stop loss close blow 600. A major registration is formed on 857. After it broke we will see a long boom in it.
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Bullish Peanut Breakout! a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents. Buy with stop loss close below 29.50.
Amazing buy and accumulate at lover levelsMulti-year buy and hold stock Greaves Cotton! amazing buy and accumulate at lower levels. Has everything going for it. Can be a multibagger, will be hard to get once it crosses 150-153. Keep an eye and accumulate with 2 years horizon! pls take this seriously. Biggest beneficiary of EV story!!
Will NIFTY breaks 2020's high 12430?Today nifty has gained 37 rupees after hitting the major support trendline. Nifty & nifty stocks will fluctuate tomorrow. If it stays above the trendline, it will start flying upward from the beginning of the next week. This journey ends at a new high!
Therefore, the day traders can buy for the following levels:
12000 - 12260 - 12400+
Technically, its trend is weak. So, if it breaks the major support trendline, then you can sell.
Here my targets are:
11300 - 11060 - 10552 - 9972
Please recognize tail, excess, or fakeout before entering a downtrend.
Get Ready For A Big Move in NIFTYAccording to this chart, NSE Nifty had started raising from mid-March. Still, it's in an uptrend, and that has confirmed through my drawn support trendline and dynamic resistance .
I have used here 50 MA and 200 MA to identify the next move. Those moving average crossover indicating direct a positive sign, and the price must be trading at or above the 50 MA , this shows a continuation of the trend.
Don't forget to keep attention on tail, excess, and fake outs.
Further, please have a look at the resistance line ( dotted ) into the chart.
Now let's come to the point, at present, nifty has created an ascending triangle . Its base range is 680 points. The nifty price will start marching for 11600 - 11860 - 12000 levels soon after a breakout of a hurdle line. Safe investors may start new positions after consecutive (two or three) positive candles.
Keep your eyes open when it moves to hit trend diversion ( 11096 ) level. The trend diversion breakdown may fall the nifty prices from 11096 to 10900 - 10660 .
Reliance sustaining logical levelsReliance, Inspite of Strong Seller Control, $Reliance sustained at logical levels. Current levels are below the median line, but consistent.
Also, RSI levels are not at oversold, we may say it at moderate levels. If consistency remains at pitchfork, We may see the level of 2000 in the near term, and If break the support of 1800 & below. We may see the level of 1650-1625.
Updated: 16 July 8.25 pm.
Disclaimer: Only for learning purpose.
Descending triangle spotted - Escorts Escorts is trading below strong support of 545. It's 200 EMA is also around 545. Formed a small range just below support, which has now become resistance for it. Buyers are active in this region as the delivery percentage is quite high. Deliverable quantity is above average.
Descending triangle is usually a continuous pattern. If it breaks triangle's baseline (514-513) then be ready for good fall (100 points fall is expected in that case) . However, if it shows up move, buy above 550 for targets of 580 and 640