The NIFTY 50 index recently reached a record high of 23,100, marking a significant milestone. However, this peak is accompanied by concerning signals that suggest a potential downturn. Despite the achievement, the index is displaying weak momentum, evidenced by a bearish divergence in the Relative Strength Index (RSI) and the formation of bearish candle patterns...
Titan has formed a bearish chart pattern called Triple Top.
Triple top is a bearish chart pattern which is formed in an uptrend where three tops are lying on a flat horizontal resistance line and pattern will activate only when closing below the neckline or support. Pattern will activate only below the closing 3475 marks.
Triple top pattern is one the rarest...
📊 Script: REC
📊 Sector: Finance
📊 Industry: Finance - Term-Lending Institutions
Key highlights: 💡⚡
📈 Script is giving breakout of Triple Top pattern of daily chart with volume.
📈 Today was the result date and numbers are pretty good.
📈 Trading at upper band of Bollinger band and giving breakout of it.
📈 MACD and Double Moving Averages are giving Crossover.
📈 RSI...
The triple top is a type of chart pattern used in technical analysis to predict the reversal in the movement of an asset's price. Consisting of three peaks, a triple top signals that the asset may no longer be rallying, and that lower prices may be on the way.
TOTAL have chance to take retracement becoz of Double top and RSI DIVERGENCE, Next support levels are 1.2T , 980B , 874B and 725B. Another chance to make triple top also if interest rates go lesser.
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TVS motors leading automobile company as we are seeing some demand in 2wheelers electric model here TVS motors making a Tripple top i.e Head and Shoulder pattern and stock was previously forming the pole and flag treated as channel formation the stock breaks downward and move towards the selling side now in 1day time frame it can go for further sell-side below the...
HCL tech multi timeframe analysis for swing trading in hindi
in this video i have shown, 15 minutes & daily chart analysis of HCL tech.
and trade setup for next day 08/08/2022.
you will get idea of where to short sell & where to put stop loss.
i have shown practical use of reversal pattern such as triple top, H&S, double top & rising wages pattern.
i have also...
India Inflation has formed triple top @7.88 , as visible on charts
which signifies that inflation could come down.
Also, RSI divergence is visible which indicates loss in strength
from resistance level and suggest retracement in inflation.
Below 5.81 inflation would be optimum and will favor stock market
and economy.
In Dow Jone Index we seen Triple Top formed on hourly time frame and given Breakdown.
After Breakdown seen a huge Fall in index of 7.25% which is the huge Fall for any Index in Market.
Now taking support at 30145 which is trend line at daily timeframe and will try to recover.
DIXION is a very strong stock and has been in uptrend for a very long time.
in the past it has broken the strong resistance 4800 and is now a support of the breakout, same might happen if the triple bottom bounces back to resistance (5529) and give a breakout to create a new support.
till then we have to wait and watch. good to buy at support
Tata Elexi is now moving in the same formation for quite sometime it has to cross the marked entry point for a good uptrend movement.
It has been giving closing in red 4 times in a week. Once it crosses and closes above the entry point it will be an uptrend
EXPLANATION : This is a 30 min time frame chart of HDFCBANK . It has been in a consolidate for days and has formed triple top pattern . If give a strong breakdown and broke its Demand zone with high volumes and retest the same , I am bearish on HDFCBANK . If taken support from Demand zone , I am bullish on HDFCBANK . Enter as per your setup .
If you like the...
