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Trendanalysisexplained

JSW ENERGY ASCENDING TRIANGLE PATTERNJSW ENERGY is on a constant uptrend also contributing to the rise of the Energy sector. On 13 Jun, 2021 it was trading in a tight range and this consolidation can give a very good upmove with an intraday target of 167 on Monday 14 Jun, 2021 with very good weekly swing targets and long term profits as well if you are keeping it as a holding in your portfolio. Ascending triangle pattern Timeframe: 1hour Keynote: Constant uptrend taking support at the trendline and consolidation for a big move ahead.
NSE:JSWENERGYLong
by sanjibkb9
Asian Paints Analysis First, 2260 acted as a resistance on 6th Nov'20 and it acted as a support on 26th Feb'21 and moved up from the support. Second, if I apply the fibo retracement from 1912, you can see that market rejected the 61% fibo level at 2260, so again it touched the support and moved up. Third, there is a bullish head & shoulder made from 1st Feb'21 to 25th March'21, 2483 being the neckline, 2260 the head, and approximately 2367 are the shoulders. Now, if market rejects the bulls at 2513, then our next support could possibly be the 50% retracement at 2378. We can set our sl below the support line, i.e, 2260. So, trade accordingly. This was a little analysis made by me for a long position. Further, rightly said by many, "don't trade what you think, trade what you see on the chart." Thank You. Happy Trading.
NSE:ASIANPAINTLong
by rituparna_paul