BHEL showed a series of lower lows and lower highs. It has since, forming the bottom, shown higher highs and higher lows since the last couple of days. NSE:BHEL
The stock is now at the base of the channel. The W pattern indicates trend reversal. The hammer candle is a clear indication trend reversal. Confirmation of trend reversal is when it crosses the previous high. Level given below :- Buy above 515.55 A Multi-time frame analysis also indicates trend reversal. The analysis is given below. Note: Avoid the...
The stock is now at the base of the channel. A rejection candle is formed in the daily timeframe indicating a bullish trend reversal from here. The hammer candle is a clear indication trendreversal. Confirmation of trend reversal is when it crosses the previous high. Level given below :- Buy above 515.55 Note: Avoid the stock if a big gap up or gap down is...
The stock is at the top of long term and short term channel indicating a trend reversal. can look for shorting opportunities if the stock moves lower. Look for buying only after both the channels are broken. This is not a recommendation, Its for educational purpose only. Trade Safe!!
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...
A morning star candlestick pattern is formed today which indicates a trend reversal. The same happened before as you can see in the round marking sections. Opportunity for a swing trade. Buy at 123.85 or you can wait for confirmations. Please verify it with your technical analysis also.
It was in a downtrend for a long time now, It has reached the resistance line now lets wait and watch what will happen now. Also keep in mind that ZEEL as well as CNXMEDIA are NR7 candidate Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation, it is only for educational purpose. Trade at your own risk.
SBIN : close above 197 will lead to 245 levels stop loss 178 target 245
Heavy resistance @ 149.70 ___ If it breaks the support of 139.4, then it perfect for shorting as per Double Top Pattern. ___ If it does NOT break the support, it maybe a trend reversal to the resistance or movement of price in sideways. ___ Warning: Today is the quarterly earning result of COAL IND. Please ensure to look at that too. ___ Have a different view,...
Confirm with tomorrows 15min candle to take short
Recovery of Indian Market has just begun. The 'double bottom' breakout for the Banking Sector Index explains a strong potential to rise up Nothing much to comment. Marked short term targets.
Low Risk High Return Morning Star Formation in Voltas Shares Strong Support zone since 2017 Trend Reversal Price Action First Target 450 Next Target 475 If Sustains High Upside Stop Loss 425
In this setup, I have clearly explained how powerful RSI divergence is but sometimes they don't work is some kind of stocks. In my own opinion, I think HDFC Follows RSI Divaregance & this move fill be a successful move. Observation Price Action -> In the last 5 days narrow range candle has been formed. (Contraction of volatility) -> Positive price...
pic speaks a lot... but now only I have few words left.. here u go.... 1) a double top in 1W.. 2) 4hr a trend reversal is confirmed 3) 30 min a LH formed and started a fall.. hit 1st target. 4HR - target -- 1) 1.40082 (already hit the target.) 2) 1.39406 3) 1.38673 4) 1.38311 in WEEKLY...
Overshot 0.618 fib plus hit the lowest of 2020. GF1 Nevada being classified "Essential" , GF2 NY reaching 1000 roofs production per week, Model Y deliveries starting, 1,000,000 vehicules which translate in over 105k production in Q1... a lot of good news in the past few days! As usual I don't know what I'm doing.
All the levels are mentioned in chart. Price reversed off PRZ in one candle. It seems ideal to enter if nothing too much changes in tomorrow's opening and price is near PRZ.
COALINDIA SHORT PRICE 208 AND EXIT PRICE 200.