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Chart Analysis for Bajaj Finserv Ltd. (Weekly Timeframe)The stock is forming a bullish triangle pattern, a classic continuation pattern signaling potential upside. The price is respecting the ascending trendline, showing strong support near ₹1,700 levels, while the upper resistance line has been tested multiple times. This signifies increasing buyer strength. Key Levels to Watch: • Support: ₹1,698 • Resistance (Breakout Level): ₹2,050 • Target Price (Post Breakout): ₹2,336 (derived from the triangle’s height projection). • Stop Loss: ₹1,515 (below the trendline support). Short-Term Long Trade Setup • Entry: Around ₹1,700, once the price shows bullish confirmation (e.g., reversal candlestick patterns or high volume). • Target: ₹2,050 (short-term) and ₹2,336 (medium-term). • Stop Loss: ₹1,515 to manage risk effectively. Market Sentiment: The stock shows a bullish structure, supported by prior consolidation and breakout potential. Patience is key for confirming a breakout above ₹2,050 before expecting the measured move towards ₹2,336. DISCLAIMER- Please do your own research before investing in the market. This is for educational purposes only
NSE:BAJAJFINSVLong
by Trade_lyst
4
SOL Eyes 40% Surge: Strong Technical PatternsKey Observations: 1. All-Time High (ATH): Marked at 259.59, indicating a significant resistance level. 2. Bullish Patterns Identified: • Higher High (HH) and Higher Low (HL) Structure: • This indicates a bullish market structure where price is making consistent higher highs and higher lows. • Fair Value Gap (FVG): • An imbalance or inefficiency in the price that could act as a magnet for price to revisit before continuation. • Bullish Triangle Pattern: • Suggests price consolidation within narrowing ranges, typically preceding a breakout to the upside. 3. Support Zone: • A green box around the 175–180 region shows a strong demand zone where price could reverse upward if retested. Projection: • A breakout is expected either towards the resistance zone (near ATH) or lower if the support fails. Actionable Steps: • For Bulls: • Watch for bullish confirmation (e.g., bullish engulfing candles) near the FVG/support zone. • Target the ATH as the first major resistance, with a potential breakout higher. • For Bears: • Monitor price action for a break below 175. This could signal bearish momentum towards lower price targets. DISCLAIMER- THIS IS FOR EDUCATIONAL PURPOSES ONLY, PLEASE DO YOUR RESEARCH BEFORE INVESTING
Long
by Trade_lyst
4
Britannia traps the BEARS !Britannia has formed a beautiful bear trap and gives a perfect entry opportunity on above average volume taking support from the base of its triangle pattern. Target can be taken as the height of the triangle. Stop loss below the bear candle Psychology behind the bear trap:On the break of the support, many people would short the market in hopes of it falling lower but as buying pressure took control, all these sellers are trapped on the bull side and have to cover their loss and additional buying will contribute to the upward push of price
NSE:BRITANNIA
by Krish_Kohal
Nifty Spot Big Move Around the CornerAs predicted in early post Nifty remains in Complex Correction i.e Triangle , Good news is Big Move around the corner. Technically on the daily charts major Nifty Spot Trend line support comes @ 16900 whereas minor resistance on the upside is capped around 17466 level. Closing above 17466 on upside we are heading towards 18300 . Closing Below 16900 on downside More weakness towards 16000 . Below 17100 only Nifty Spot looks Weak for now. Watch 14 RSI above 50 bullish and stays below 45 weak. Above views For Educational Purpose Only. Regards, MD
NSE:NIFTYLong
by miraldesai
Descending Triangle - Full ExpanationWhat is descending triangle ?? The descending triangle is one of the top continuation patterns that appears mid-trend. Traders anticipate the market to continue in the direction of the larger trend and develop trading setups accordingly. The descending triangle is a bearish pattern that is characterized by a descending upper trendline and a flat lower trendline that acts as support. This pattern indicates that sellers are more aggressive than buyers as price continues to make lower highs. The pattern completes itself when price breaks out of the triangle in the direction of the overall trend. Element Of Descending Triangle The descending triangle is fairly easy to spot once traders know what to look for. The below method can be applied to all financial markets. 1.)Downtrend: The market must be in a downtrend before the descending triangle pattern appears. This is important and emphasises that traders should not simply trade the pattern whenever the descending triangle appears. 2.)Consolidation: The descending triangle then appears while the market enters the consolidation phase. 3.Flat Lows Or Flat Line Lower trendline: The lower trendline acts as support. Price often approaches this level and bounces off until the breakout eventually occurs. 4.)Decsending or Lower Highs: While the market is consolidating, a downward sloping trendline can be drawn by connecting the highs. This downward sloping trendline shows that sellers are slowly pulling the price down – which provides further support for a bearish trading bias. 5.)Breakdown & Trend Continuation: After price posts a strong break below the lower trendline, traders will look for confirmation of the pattern via continued downward momentum. Calculating Target The descending triangle, often referred to as the ‘falling triangle’, has an inherent measuring technique that can be applied to the pattern to gauge likely take profit targets. For the descending triangle, traders can measure the distance from the start of the pattern, at the highest point of the descending triangle to the flat support line. That same distance can be transposed later on, starting from the breakout point and ending at the potential take profit level. The illustration below shows the distance from A to B can be transferred lower down, from C to D, in order to project a possible take profit level. How to trade Descending triangle When trading the descending triangle, traders need to identify the downtrend and this can be seen in the BANKNIFTY 15 Min chart below. Thereafter, the descending triangle appears as the candlesticks start to consolidate. The measuring technique can be applied once the triangle forms, as traders anticipate the breakout. After viewing a strong break below support, traders can enter a short position, setting a stop at the recent swing high and take profit target in line with the measuring technique.
NSE:BANKNIFTYEducation
by Omahto
19