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SBILIFE Rally, Breakout. With Full details. Previous Long term resistance of 1380 has now become the support level for SBI LIFE. When a resistance turns into a support it adds more confidence to the upcoming trend. Currently we can see a breakout from a descending triangle pattern in the daily Time Frame. Currently a good HH and HL is observed in Daily Candles there fore we can expect further movement towards the higher side unless observed otherwise. Happy Trading, Yamini Prabu NSE, NISM Certified TA, Indepedent Trader/Trainer
NSE:SBILIFELong
by Yamini_swingtrader
3
GOODYEAR | Daily Chart | Golden ratio pullbackChart analysis: Pattern: Symmetric triangle pattern BO happened and re-testing of BO is happening. Breakout: BO of 1.5 years trend line and support is taken at 0.618 which is Golden Ratio . Volume: Volume action is clearly visible near breakout zone. Trade setup: Entry price: Close of 1400 price break candle. Stop loss: Below 1320. Target 1: 1512.5 Target 2: 1623.8 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
BSE:GOODYEARLong
by SanjogY
State Bank of India - Is a five wave advanceSBI, or the state bank of India, first formed a triangle and then a five-wave move higher. The triangle itself is a pattern that proceeds the final move in a particular direction. By that nature, it mostly occurs in wave B or wave 4 of a trend. So, irrespective of what the triangle meant, the next rally is a five-wave move that can end something. A higher degree chart is needed to understand what it can end. If we close down for the day, it can be presumed that wave 5 of 5 was completed at today's high. This would hold true till the high is not surpassed. If it is surpassed, we would extend wave 5 of 5 to an extended rally .
NSE:SBIN
by indiacharts