Levels for - 23 Aug 2021∘ Nifty Analysis
∘ Triple Top Pattern
∘ Levels are important on spot chart minor / major - Support / Resistance zone
Tripletop
Triple top in TECHM5 days of parallel channel gets disrupted. And also made a triple top. We can see a good move once the consolidation zone breaks down. (or) if the price breaks above the resistance zone. We can look upside.
NOTE: Educational purpose only NSE:TECHM NSE:TECHM
CIPLA TRIPPLE TOP? SHORT TARGET 872SL breach of 965 on EOD basis
SQZMOM BEARISH AND FALLING
MFI NEUTRAL
VIXFIX SIGNALLING A FALSE BOTTOM?
PS - a rather smol trade dis, more like a thought
Nifty 50NIFTY (DAILY):- Stock consolidating in a strong trading range between horizontal resistance and supporting trendline
Highly probable ascending triangle on breakout or highly probable triple top on breakdown
Keep track
HCLTECH TRIPLE BOTTOM :Hi everyone let talk about the chart
in the chart we can see "triple top bottom " and don't depend on it .It can Break the 'Support and Resistance" don't buy or sell quickly be in the patience .
: And don't forget to like, follow and share with your friends
:Have a good trade
Shree Ram Transport ,at crucial resistancekeep eye on this stock ,resistance formed there is very crucial
Breakout on multiple patterns, Go longChart clearly shw=owing breakout on multiple patterns
1. Triple top
2. Cup & Handle breakout
3. Double resistance breakout
Target 1: 349
Target 2: 370
Target 3: Gap filling till 382
Triple Top on EURUSDShorted Triple top on eurusd with strong bearish engulfing candle on H1 and also same engulfing pattern is forming on H4.
Tesla crashes to 500$High probable Tesla crashes to $500 level
People be cautious if try to hold long position at this level
Triple Top breakout. Weakness in momentum. Please refer the image text.
Disclaimer: Documenting here for the study purpose only.
Possibilities of a Head & shoulder pattern
If NSE:LAURUSLABS doesn't breakout & sustain above 304, expect a decline to 253 levels & more maybe.
Also, price had formed a Triple Top previously & fell from those levels to 250-260 range.
BANKNIFTY | Almost near the resistance but losing momentumBANKNIFTY | Almost near the resistance but losing momentum
Triple Top & RSI negative divergence, looks good for correction.
CMP : 29600
HDFC is trying to breakout upsideNSE:HDFCLIFE Watch the price action at breakout level and take a trade. It might reverse from here as well.. Take a trade after it sustains the breakout.. keep it in radar..
Note: This is my personal view and I may go wrong.
BankNifty (Triple Top)Keeping SL near 24350, one can look for good shorting opportunity in BNF. To be on safer side wait for previous highs (red line) to be taken out.
Kotak Mahindra Bank Positional Swing Trade SetupSwing Trade Setup Buy ~ 1387, Stop ~ 1355, Target ~ 1460, 1480
Liberty: Triple Top.Liberty has struggled to cross 152 in last 3 attempts and on every attempt a huge bearish candle forms.
Now scrip is in uptrend and this time fall near 152 has faced low volume as compared to previous falls.
Scrip was in narrow range since past few days and indicates stock was being accumulated.
THis time it could cross the 152 level & if it sustains & close above 152 for 2-3 trading sessions. go long..
Target 1 175
Target 2 190
Liberty: Triple Top Liberty has struggled to cross 152 in last 3 attempts and on every attempt a huge bearish candle forms.
Now scrip is in uptrend and this time fall near 152 has faced low volume as compared to previous falls.
Scrip was in narrow range since past few days and indicates stock was being accumulated.
THis time it could cross the 152 level & if it sustains & close above 152 for 2-3 trading sessions. go long..
Target 1 175
Target 2 190
UPL Analysis: Positional 1. facing Strong Resistance near 600 levels, made a Triple top formation on this level.
2. Strong support on 500, crashed post breaking this support.
3. Now price is swinging in a parallel channel, Bottom of the channel is acting as a new dynamic support line.
4. A new supply zone near 467-470 levels. Minor resistance on these levels.
Positions:
Enter above 470 once it breaks the 470 resistance line with volume.
Short term Target 1: 500
Long term T2: 545
Titan Positional Swing Trade SetupPositional Buy ~ 1055, Stop 1025, Target ~ 1100, I'am wrong here then agree that it is beyond technical analysis.
Hindalco Has Formed Triple Top PatternHindalco has formed a triple top pattern and also double top in the lower timeframe and it is looking for a downside breakout. Can sell on every rise. Do watch for price action before taking the trade.
Please Note - All the green lines mean the support zone/demand zone
and all the red lines mean the resistance zone/supply zone.
