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ASAHIINDIA breakout of pennant patternIf we take a look at weekly chart of ASAHI INDIA GLASS, it is going in smooth uptrend. In daily chart, it had formed double bottom pattern on weekly support trendline. After breaking out of this trend reversal pattern, the neckline was retested twice. While retesting the neckline, stock was forming pennant pattern in hourly chart. Today it came to apex point of pennant and price went upward sharply on the back of volume. So swing traders can find opportunities to enter this stock on pullback. Target price of Pole and Pennant pattern is coming around 540. Add this stock in watchlist without fail.
NSE:ASAHIINDIALong
by sumedhb100
Can we see the new ATH in NIFTY?No doubt that market will be highly volatile ahead of Budget Summary 1) As of now you can see that Nifty is trading in one particular (white) channel in which it had given a breakout in past and made an ATH of 18604.45 Channel width is 1,566 points. 2) In the chart there are 3 EMA's 10 is red, 20 is green, 50 is blue. 3) There is also a Red channel which has a width of 430 points which given a breakdown and achieved the target easily in 3 trading sessions. 4) Biggest technical support of Nifty is the channel line in which it is trading and Physcological support, for now, is 17K closing basis. 5) On a daily timeframe nifty is weak. Reason- 10 EMA given a negative divergence and crossed 20 and 50 Ema. On the other side, Bannifty is very strong and has seen very good buying volumes in all banking stocks. 6) Nifty IT is oversold and expecting some recovery in it and Banknifty is so strong that it can also pull nifty up. 7) This view will fail if nifty gives 2 consecutive below the channel. Till that time Nifty is buy on dips and ready to make a new ATH. Note: Please don't create postions according to this view. This is just aview trade on levels.
NSE:NIFTY
by RameezShaikh03
10
Swing SetupEXPLANATION : This is a Daily time frame chart of WIPRO . The stock has been in a uptrend for days and has taken multiple times of trendline support , If give a strong breakdown and broke its trendline support & demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If support taken from trendline either demand zone its has formation of higher highs and higher lows , then I am bullish on WIPRO for the coming days . If you like the analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:WIPRO
by pranav_nanavare
Symmetrical Triangle about to break.CDSL has shown some good uptrend in the past six months, now it is in a consolidation phase after a good price correction. We can see while correcting the volume is very low which is a good sign and shows that sellers are weak. Latest candle formed is a strong bullish candle with an above average volume gives a hint of buying interest. A unique thing is that for the past half a month the deliveries are 100%. Other indicator's signals:- Momentum = RSI above 60 on all time frames (monthly,weekly,daily). Trend = Price is respecting the trend line since retest. Relative Strength Comparison = Outperforming nifty50 as well as midcap index. ENTRY= above 1380 SL= below 1290 Target= 1580
NSE:CDSLLong
by anuragsahu614
Jagran - Multiple patterns within 3yr H&SBUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:JAGRANLong
by raavigeorgian