WAIT FOR+++++++++++++ BREAKOUT ++++++++++++OR+++++++++++++++BREAKDOWN
========================ENTER WITH RETEST===================
+++++++++++++++++Confirm with the candlestick rejection and your other technical source++++++++++++++++++++++++++++++
---------------------------------{IF YOU DRAW THOSE IMPORTANT ZONES IN 5MIN CHART IT LOOKS...
Metals have seen a huge rally in the past 6 months.
They are still quite strong and could show another small leg of the rally in the upcoming days.
Nifty metal index has formed a bullish continuation "cup and handle pattern" on the daily timeframe.
It signifies the continuation of the uptrend after breaking out the resistance level or the neckline of the cup.
Time...
As we can see NIFTY50 broken from the ascending triangle and consistently falling.
CASE 1.
NIFTY is at a major support level if it will break level we might see some more bearish move to downside at 50% fib level and then to another support level
CASE 2.
NIFTY bounce back from the support level To 14220 level and then above resistance zone
Let me know guys...
The stock is forming a wedge pattern, indicating a halt. lets wait till a market tells us where is it headed ??
Buy/Sell only when price clearly crossed the level. Beware of false breakouts. Let the candle close outside of the wedge and let the volume be above the average. This helps to minimize the possibility of false breakout
This is not a recommendation, Its...
Huge bullish candle suggests the continuation of the uptrend.Follow the trend line and get out when the price closes below the trend line or after the target is reached.
Stock exhibits sustained weakness in Weekly time frame. Falling Trendline holds valid and rejections have been pretty strong whenever the stock hits it.
Currently the stock has hit the Trendline again wherein we could also spot 38% FIB retracement adding strength to the resistance.
Though the above points guides us to take a strong bearish view, we need to be...
Maruti has been in a strong Bearish trend since July 23, 2018.
The stock tried to hold 6900 levels for almost 3 weeks before breaking down further.
I can see a breakdown of an Inverted Flag pattern here.
Good opportunity to short for targets of 6600 and 6200 with a stop loss just above 6900.
Disclaimer: Views expressed here are my own, and should not be...
After bouncing back from the lows around 800, Titan NSE:TITAN has again got rejected at trendline resistance.
I can see that the stock has formed a large bearish candle and got rejected after retracing 61.8% of the previous downmove.
Good opportunity to short here with a small stop loss.
Disclaimer: Views expressed here are my own, and should not be...
After an explosive move from ~ 8000 to ~ 9500 levels, Pharma index NSE:CNXPHARMA went into consolidation.
I think this was a correction within a bigger rally and we have more upside on cards.
I can see that Nifty Pharma has taken support at 50% retracement of the previous rally and formed a large Bullish candle.
Many Pharma stocks like Aurobindo Pharma, Sun...
After a good recovery from the lows of 822 to 900, seems like the downtrend in Escorts NSE:ESCORTS may not be over yet.
The Auto index NSE:CNXAUTO appeared extremely Bearish today forming an Evening Star pattern.
I can see that Escorts has formed an Evening Star like pattern as well and has reversed in the 50%-61.8% retracement zone of the previous...
With both Nifty NSE:NIFTY and Nifty IT NSE:CNXIT indices looking weak, more pain seems to be on the way in certain stocks.
Many IT stocks appear to have formed an intermediate top today.
I can see that Mindtree NSE:MINDTREE has formed an Evening Star pattern with a large Bearish candle today.
Good opportunity to go short with a small stop loss for a...
![CNXMETAL: METALS [possible breakout]](https://s3.tradingview.com/r/Rr5xnAjA_mid.png "METALS [possible breakout]")
