Tripple Bottom chart pattern completed in hourly timeframe. Price has retest/pullback the trendline RSI above 50 indicate the price has good strength to go higher in upcoming days Details are mentioned on chart. Please go through the chart.
Buy MCX 1370-1410 for 1510/1620. Invalid below 1340 on two day closing basis. MCX crossed both weekly and daily 21ema and sustaining. After making tripple bottom stock is now ready to fly
JSW steel is around key resistance zone, i.e. 52 week high. Share has showin resistance near same price 3 times before. First time on 11th May 2021, second on 6th Aug 2021, and third tme on 17th Aug 2021. However, this time it seems different, price consilidated between a narrow 26 point range of 725 to 751 from 29th March to 8th April and finally opened out of...
Best time to buy kotak mahindra bank. Clear indication that bulls are taking over bears.
Watchlist - 69-70 levels Looks like a tripple bottom in the making.. Wait for a bullish reversal candle to go long.. SL 55 WCB, T 90-100
Nifty bank is trading below 200 ma and 50 ma acted as a strong resistance for today session with Fibonacci 38.2% level too. BNF is also making W pattern or we can see Triple bottom pattern which is a trend reversal pattern. Wait for the trendline to break above for buying setup. Trade safe.
The much awaited breakout happened in Maruti In the week before the last one only. But, it is better to not fall prey to failed breakouts. Hence I waited this week to confirm the breakout. Analysis:- 1) Strong Chart patterns — Triple bottom formation with triangle pattern breakout. 2) Reclaiming 20WEMA — So the actual wait was not just the triangle breakout,...
Please check chart for details... NB:For educational purpose only. Kindly consult your financial adviser before taking any trading decisions