Though parallel channel is not having good enough points on both side, however the support lines looking good. and it may not fall however I don't see immediate near.
Another Simple Technical Analysis which shows that market is easy and money can be made by doing simple things also.
This Time there is a very simple TRENDLINE drawn in weekly time frame which had worked multiple times and again which has given another opportunity and made a Pin Bar candle at the support of the Trendline.
It seems true that more than 80% is the...
SBI the largest public sector bank is forming a head & shoulder pattern on weekly charts along with a breach of neckline support from where early breakout occurred. given that ads negative trend strength is rising , If the momentum support at psi 40 breaches along with a confluence support breach of bottom trendline from 2020, then it could be retesting the...
It's my personal view.
This is for educational purpose Only.
This is not buying or selling recommendations.
I am not sebi registered.
Please consult your financial advisor before taking any trade.
Thankyou.
Reliance is trading at a long-term channel support & has done a 78% Retracement of the recent trend.
Looks good to accumulate for long term until 2300 is not broken.
This time it can target for another ATH.
For short-term trading, 2400 is the area that should not be broken. Till above it, A good LONG Candidate.
Great chance for accumulating stakes in nvidia corp!!
as you can see from the chart the script is forming higher lows in 1hr time frame
it has also formed a bullish hammer today which is supported by strong volumes and RSI
Good Day
Hello Traders,
Laurus Labs is showing strength and its forming a triangle with the support from the Trendline from bottom.It had a major support between the range 465-485.
If it comes into that range one can buy and accumulate. Once its start consolidating above 550-560 range it can show an upside.
Disclaimer : I am not SEBI registered analyst, this...
stock forming kind of triangle pattern
getting support of trend line both side
wait for break out or breaks down
Borosil Renewables Ltd. engages in manufacturing and sale of solar glass. The firm operates through the following geographical segments: Within India and Outside India.
52 WK HIGH LOW 833 - 320
NSE: PRAJIND is closing with an strong bullish momentum candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to...
NSE: RADICO is closing with an strong bullish candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain...
NSE: PETRONET is looking to breakout out from the consolidation range.
Today's volumes indicate demand and stock should move to previous swing highs in the coming days.
The stock has been moving along with trendline support over the past few days which is creating the uptrend.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view...
