Stocktrading
Icici Bank chart studyIcici bank spot cmp :- 927
Study :- Harmonic Patterns
Time frame :- Daily
Pattern Type :- Bearish Bat pattern.
Details :- AB leg can retrace between 38.2% – 50% of XA leg.
BC leg can retrace between 38.2% – 88.6% of AB leg.
CD leg can retrace up to 88.6% of XA leg.
PRZ :- 940-950
Pattern violation :- 958 (closing basis)
Reversal confirmation :- Bearish pin bar candle formation.
Keep watch.
4H UPL - Short Position1. Bearish Engulfing Pattern formed at Support and Resistance Area which is price action pattern.
2. Fibonacci Retracement 61.80% level meets the pattern.
3. Trendline is far awy from the price.
4. Take Profit area is correctly calculated at 728.00
5. The current price will definitely reach that Take profit area clearly on my idea.
Congrats...
Double bottom pattern breakout in MPHASISMPHASIS
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Double bottom Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2030+.
✅Can Go Long in this stock by placing a stop loss below 1785-.
PRESSMN: Very bullish structure1. Big rounding bottom pattern
2. ATH breakout
3. Risk reward is 1:6+
4. Best entry triggers at retest
5. 5 years Breakout (probability for 2-3x returns)
Bullish flag pattern breakout in PIRAMAL ENTERPRISESPIRAMAL ENTERPRISES
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Bullish flag Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 760+.
✅Can Go short in this stock by placing a stop loss below 712-.
Triangle pattern breakout in APOLLO HOSPITALSAPOLLO HOSPITALS
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of triangle Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 5270+.
✅Can Go short in this stock by placing a stop loss below 4301-.
Banknifty: Brace yourself for 43000.BankNifty is poised to potentially achieve a new high above the 43000 level. Our analysis indicates that it has been consistently making higher highs, while failing to establish a new low, indicating a trending market for the past few days. We have observed heavy put writings on levels below 42900, suggesting that a little bullish momentum could still provide opportunities to enter on retracement around the 42860 to 42920 range.
Currently, I am holding at 42800 and am already in profit. I will be closely monitoring the 42921 to 42938 range, where a double top formation could signal a potential reversal. However, for this scenario to materialize, we will need to break below the 42781 level to confirm a bearish outlook.
closely observing the market to see how it unfolds.
Rising wedge pattern reversal in DIXON TECHONOLOGIESDIXON TECHONOLOGIES
Key highlights: 💡
✅On 1 Day Time Frame Stock Showing Reversal of Rising wedge Pattern .
✅It can give movement upto the Reversal target of above 3125+(Up to resistance level).
✅Can Go Long in this stock by placing a stop loss below 2770-.
Bullish pennant pattern reversal in MARICOMARICO
Key highlights: 💡⚡
📊On 1Week Time Frame Stock Showing Reversal of Bullish pennant Pattern .
📊 It can give movement upto the Reversal target of above 520+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 890+.
Century Tex & IndustriesBuy near 635-640
Tgt 665 ,685
Sl 620
Above 700 More upside possible for 725 ,740
Tata Consumer Chart Tata Consumer
Tata Consumer is making Lows Highs
and shifting it's support base upwards .
Now to continue upmove it should stay above 690 next week
otherwise more downside possible .
690 is now work as major level .
If hold above 690 in next week than buy
above 701 for 725 ,SL 690
If go below 690 in next week than sell below
685 for tgt 650 , Sl 700