NSE:TRIVENI stock formed like a symmetrical triangle pattern. buy entry is 314.50 level. Target 1 325 to 330 . Target 2 340 to 345 . Target 3 360 to 365 . stop loss break and close below the pattern.
NSE:BALRAMCHIN was consolidating from 2 years now.... and today it broke the channel if it sustain above it then it can give a decent upmove....
L&T TECHNOLOGY SERVICES LTD Key highlights: 💡⚡ ✅On 1Hour Time Frame Stock Showing Breakout of Bullish Flag Pattern. ✅ Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 5040+. ✅Can Go Long in this stock by placing a stop loss below 4575-.
EURUSD braces for the first weekly gain in nine as markets await the key European Central Bank (ECB) Interest Rate announcement. In doing so, the Euro pair extends the previous week’s rebound from the 78.6% Fibonacci retracement of March-July upside, near 1.0680 by the press time. The corrective bounce also gains support from a looming bull cross on the MACD...
BTCUSD BTCUSD currently trading around 27388 BTCUSD took support at the green line reversed its movement to the opposite direction but there is not much space to move as there is a minor resistance marked with blue line if BTCUSD crosses the blue line then it may move towards its resistance zone at 30021. According to me the trade will be more profitable if it...
Gold Price again prods the 200-day Exponential Moving Average (EMA) support, after failing to break the same during late August, within a 2.5-month-old falling wedge bullish chart formation. The sluggish MACD signals and a downward-sloping RSI (14), not oversold, also favor the XAUUSD bears in breaking the 200-EMA support of around $1,910, which in turn will allow...
GBPUSD consolidates losses made in the last three consecutive weeks ahead of the UK’s employment report. Adding strength to the recovery momentum is the RSI (14) line’s rebound from the oversold territory, as well as a six-week-old falling wedge bullish chart formation, which in turn suggests an immediate run-up to cross the 1.2600 round figure. However, the...
Time Frame : 4H Chart Type : High-Low (High-Low chart type filters noise from the chart and gives us a candle with High-Low) The resistance zone is marked on the basis of the bearish move of 13% in 10 days (13August to 22August). The price has marked a zone of 1618.50 to 1660 and now the price has further declined 5% from this zone. Now the price is at the...
TNPETRO (11/09/2023) (Weekly chart) Breakout with volume fib golden zone Trend reversal setup Trendline breakout Breakout of supply zone huge volumes Support from 200 ema
Chart - Heikin Ashi Timeframe - 4H Resistance Zone - 1635 to 1647 20 ema - 1634.25 50 ema - 1643.36 100 ema - 1664.89 200 ema - 1710.45 Fib Retracement :- 38.20% level 1732.88 50% level 1789.44 Note :- The breakout of 1647 level will also give us the breakout of 20 ema and 50 ema. Trade Setup :- 1. Enter on the breakout of...
USDJPY begins the week on a negative note while extending a downside gap during the early hours of Monday. Adding strength to the bearish bias about the Yen pair are the concerns about the Bank of Japan’s (BoJ) exit from the ultra-loose monetary policy easing and a five-week-old rising wedge bearish chart pattern. It should be noted, however, that multiple...
Escorts shows strong buying pressure, with institutional investors entering after consecutive profits made by escorts. Escorts already broke my parallel channel pattern and made a huge move.
Technical analysis of L&T seems bullish. It breaks triangle pattern and made a move. Today's (23/08/2023) move is an exception. I thinks this is an anticipation of Chandrayaan 3 landing, where L&T components are used.
Vinati Organics has been consolidating for 2 years in a unique supply-demand conversion zone. In the first year, it traded in a rectangle pattern, making higher highs. Later, it underwent a trend reversal, forming a triangular pattern with lower highs. Throughout this period, it held one support level, as its visible from chart. Today, it made a good move and...
Hello guys I am back with another Interesting Analysis. This time we will discuss about Indraprastha Gas Ltd. in a very easy to understand and end of the section I will reveal my personal opinion on this stock. Current Chart Pattern: Currently, the stock is in an uptrend, following an ascending parallel channel pattern. When we examine the daily timeframe,...
As we can see from the chart havells india looks promising in weekly timeframe. It has been consolidating within a demand and supply zone for the past 28 months, forming a rectangle channel pattern. Today, it has reached the resistance level with a good amount of trading volume. This increases the likelihood of a breakout. However, there are a few things to...
ELLIOTT WAVE ANALYSIS:- View-1:- It seems that a zigzag wave has completed. A bounce back looks like connecting correction wave B is forming, a little bounce back may happen to form a connecting waves in a correction form. View-2:- It seems that a zigzag wave has completed. An impulse wave was emerged and an impulse 1st wave was completed and...
HERO MOTOCORP LTD Key highlights: 💡⚡ ✅On 1Hour Time Frame Stock Showing Breakout of Uptrend Channel Pattern. ✅ Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 3115+. ✅Can Go Long in this stock by placing a stop loss below 2975-.