you can further extend the target to a higher timeframe OB. but because there was a 1h demand below so be careful, the market could reverse from any point to fill that demand below, then look for 1m confirmation to enter the trade as there was an extreme demand was below there which was untested. I hope you have a profitable week ..
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted. Pattern activate when price break the Neckline .
Repco Home Fin (D) Superb Swing Setup *Massive volume blast than consolidating on low volumes ✅Consolidation after massive volume blast ✅Positive relative strength ✅Finance sector tailwinds this week Details on Chart😀
I have 2 Buying areas for Buys, if price Hit 1st trade SL 2nd trade will give’s profit also have 3 areas for TPs
Reasons - 1. Already in an uptrend and now broken out from pennant pattern with considerable volumes. 2. Overall market structure is positive along with LTI's index 3. Successive Higher lows
Price break the well defined support level after strong consolidations with volume
Rising wedge pattern formed in Cipla. We can expect a good move below the trendline/ above the trendline.
AWL giving breakout with huge volume breaking the 20ema target can be around 815 do your proper research
Muthoot finance heading towards 200ema 200ema or 1150 can be the target volume is also good u can study the stock and Q2 result
Stock Name - Weizmann Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 111 #This is not Buy and Sell recommendation to any one. This is for education...
Vanakkam Makkale. Focus Glenmark pharma, after breakout. It's forming ascending triangle pattern and let's wait for the priceaction to decide with proper risk reward and money management.
I think market need some pullback now, now am looking for short term sell & I have 3 areas for TPs, price will Go higher at Tp2 or tp3 area
Hi everyone! Let us discuss TATAPOWER in this thread. TATAPOWER has given fabulous 750% movement b/w May'20 and Oct'22 and since then it is in consolidation. Below I have mentioned my reason why I think it is a good time to consider this stock. 1. Price Action : :- Stock is testing its 2 year long trendline(pl. refer chart). :- In weekly chart last four candles...
NSE:LAURUSLABS * Laurus labs Laurus labs have been consolidating on an hourly chart for some time now and it has given a strong breakout of the resistance line with good volume. now it's facing a horizontal resistance at 335 zone. It's a good buy at CMP and you can add more qty at 335 if it sustains that zone and closes above it. its showing multiple...
Natural gas formed a double top on 1hr chart now it is trying to go its previous low and she can see that level in the upcoming days. Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
Last day bear trap is formed in USDINR, it simply means that it will be bullish for coming few days and can go up to at least high of double top i.e.,83.10 (might break that also). Let us decode the sentiments during this candle formation, On 26th when this big bearish candle gives closing below last swing low, people would have shorted it taking double top in...
NSE:NIFTY NSE:BANKNIFTY Nifty is facing resistance at 17780 -17800 if it break than it can touch channel resistance line or it can move in a range 17800 to 17650 Banknifty chart Banknifty has a strong resistance and if not break a big range for some trading sessions hope you like this analysis please like and comment keep learning, happy...