It is been observed on the hourly chart that the price action breaking above an Ascending Triangle formation, indicating a bullish signal ahead. It has broken the previous resistance levels of 1830-1840 which also indicates and confirms a bullish signal ahead. The target is been measured as per the triangle formation guidelines which also confluence with the...
Ascending Triangle formation on Sun Pharma and showing bullish trend. Trade Buy abv 710 Target - 720 Stop loss - 703
It is been observed on hourly chart, that the price action breaks below descending triangle pattern, indicating a bearish move to support levels ahead. Target: 740 Stoploss: 770
GAIL is making a beautiful triangle with less white space and being compressed from both sides. This Coil when busted may give good trading opportunity. Please watch it and take advantage of it. Good Luck
From the SBI chart you know the direction I expect and its ready for breakout. Why Gap up ?? if you are wondering why, if a gap happens you will miss out the trade which will hit targets & you will be scolding yourself for not taking trade on friday evening. Anyway, only if you are willing to risk over two days then check with your plan & trade this SBI...
Its not Me guys, Nifty is that and Nifty will do that, No, not Myself ! So yesterday when we completed the day we concluded with double bottom & Gap up which just happened now and as of now I can't assure whether that double bottom will fail & Nifty will move lower ( insync with breakout yesterday triangle) or turn up and make triangle break as false one. Anyway...
It is been observed on the hourly chart that the price action firstly consolidated in a descending triangle and Yesterday it breaks out and closes below the triangle indicated further bearishness in the price action ahead. Now, it shall move to 8000 support levels. Target: 8000 Stoploss: 8150 Risk Reward: 1:1
Well, I broke My vow bcos of the Nifty pattern formation. I wanted to share with you guys as it will help you whats in Nifty for today to get better understanding, so I broke My vow & posting back ! We have very simple descending triangle in Nifty and whichever side it breaks out is our entry direction. Usually this triangle breaks to downside but lets see what...
Ascending triangle formation in TCS on 30mins chart. When the price break the top line of the Ascending triangle, the trend will be bullish but here need to focus o EMA 50. EMA 50 lying above the price. so EMA will act as a Resistance so keep on eye. Once EMA 50 also broken then it will be hit the target. Trade Idea: Buy above - 2163 Target 1 - 2184 Target 2...
Good Morning Guys :) All of you are so pumped up & watching a Nail bitting finish in U.S elections then suddenly our very own PrimeMinister Modi came in & changed the scenario with surprise twist by banning 500 & 1000 rupee note. We have lot to discuss today, why discussion not analyzing of charts ?? Well, Check out previous chart friends, We are screaming "...
It is been observed that the price action breaks out from a symmetrical triangle on a daily chart, indicating a strong selling and further weakness ahead. It is important to confirm the breakout with a close below 350 levels. T1: 325 T2: 310 T3: 300 Stoploss: 370
in.tradingview.com Ascending Triangle formation on TCS 1 hr chart. Bullish Sign. Buy above 2338 Target 1 - 2360 / 70 Target 2 - 2400 StopLoss - 2290
in.tradingview.com Ascending Triangle formation on STAR in 5 mins chart... Buy above 1090.5 Target 1 - 1097 Target 2 - 1106 Target 3 - 1113
It is been observed that the price action formed a descending triangle and now it has broken and closed below the triangle support levels of 860, indicating further bearishness ahead. Target: 836 Stoploss: 891
It is been observed that the price action firstly broke from a symmetrical triangle on daily chart, indicated bearishness in the price action. Now, the price action breaking new support levels and forming lower lows, again indicating further bearishness ahead. Target: 160 Stoploss: 175
Asking Right Questions leads you to Right Answers ! So here I have 2 Questions : (i) 8500's supported 6 times, Will it Break to make the Gap Theory Work ? (ii) Elliot wave counts within Triangle shows Upside Breakout, will it work this time ? Yes for Ques(i) opens the door for Bear party near to 8k's & if yes for Ques(ii) Opens Door for Bulls to reach 9k's. Now...
It is been observed that the price action breaks out from a descending triangle on hourly chart, indicated further bullishness ahead. It is also important to note that the price action has broken and closed above the previous resistance levels of 684 which further confirms a further positive and strong move ahead irrespective of markets volatility. Target:...