Black FridayUp to 80% OFF

Trianglepatterns

Concept of Soft,Hard Landing feat Adani Enterprises 1 ) Monthly Time frame story: This story tells us about the fibo retracement - From the start of the journey of its price action till date, it has given a solid return - Retracement was always pending in this stock. There can be two types - soft and hard landing type retracement 2) Stock has retraced almost 50-60% of its total lifetime move - Only Issue is Daily time hard landing retracement Soft Landing - Stock moving with a zig-zag type formation, that is, making lower lows with lower highs, taking time to reach 50-60% retracement levels, is what we call a soft landing in this contraction cycle of stocks. Hard Landing - Stock falling directly with big 20-30% falling bars in a single day and continuing this next day with increasing volumes tells the story of a hard landing, meaning no new positions are made in between, and only selling side pressure increases without any backing from bulls at all. 3) Execution: The plan here can be that after Hard landing like in the case of Adani stocks, we need to be patient and mark important levels - Here I have made on the daily time frame 2 patterns - Triangle and W bottom, many other fomrations can be there ( it should be a bullish pattern at this stage, that's all ) A breakout of out it can be played with a small investment amount ( This is not an advice, so consult your fin advisor or take decision on your own trading style ) Good luck
NSE:ADANIENTLong
by Averoy_Apoorv_Analysis
BULL RUN Resumes in Metal stocks ? Tata Steel breaking out !!Tata Steel is trying to break out of the long Consolidation (1.5Years+) It did a breakdown on 23rd Decemeber but immediately reversed which suggests a furious move on the other side. It was also the 61% Retracement of recent trend. Important Levels: For Long term Investors: It should not Close and sustain below Rs100. Trade below 100 opens up the areas of Rs80-85. For Short-medium term traders: It should not enter into the triangle zone again. Entering in it will suggest the lose of momentum and a trader must exit if it happens. On upside: 130-135 seems to be the first hurdle zone for Tata steel. But, according to the long term chart structure, it has a very long way to go. I am expecting a new ALL TIME HIGH SOON till the downside levels are saved. NOTE: These are for educational purposes. No Recommendation.
NSE:TATASTEELLong
by Akshat9