DOUBLE BOTTOM ANALYSIS APCOTEXINFD 04-10-2024BUY : 463 TO 400
TARGET : 667 TO 681
Reason For Buying This Script :
In this script it has formed double bottom and it is d called as ABCD pattern in monthly time frame. One neckline barker and close above 562 and the next target up to 667.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
Trndanalysis
PNB about to Channel Breakout @53.90PNB is about to Channel Breakout above @53.90 after a long period (Six Months)
Breakout Level: 53.90
Target Price: 62.00
Stoploss Price: 49.00
Key Factor:
PNB traded above EMA 200 (47.92)
About to break strong resistance level @53.50
If PNB close above @53.90 its should be Bullish run till @62.00
PNB negative run possible if it breaks downside channel approx. @51.00
Bear Trap in USDINRLast day bear trap is formed in USDINR, it simply means that it will be bullish for coming few days and can go up to at least high of double top i.e.,83.10 (might break that also).
Let us decode the sentiments during this candle formation,
On 26th when this big bearish candle gives closing below last swing low, people would have shorted it taking double top in consideration (putting SL above that breakout candle), now after last day big bullish candle there will be some fear among people having short position as it moved close to their SL. Once it move above 26th bearish candle a small rally on upside may come as the SL of all the short position will get hit.
INFY ON BUYSIDEHi.,
infy breakout on day chart after long consolitation..,
buy at current market price keep stop below 1525 day close basis target of 1660
the pattern is BOX or we can call at as triple bottom..
SL hunting also there ..,if hunting in stock it will move fast & furious
keep watch this for long side
thank u
long term investment; min 40% returnfundamentally strong stock
earnings also good
there is no dept for this company
min 40 % returns possible
THREE WHITE SOLDIERS IN NOVOCO !!!!11 hours ago
#WEDNESDAY#
NSE:NUVOCO
Follow @VK2413
BUY :- NUVOCO
WHY TO BUY ??
{
after a HUGE CORRECTION from past month(AROUND 40% from its high) ,now it's forming THREE SOLDIERS PATTERN (on DAY CHART).
wait for this day, the candle will be formed completely.
have targets according to your risk-reward ratio.
if it forms TRI-SOLDIER pattern ,we can see huge POTENTIAL in its growth.
HOPE PEACE TALK of RUSSIA-UKRAINE begins SHORTLY !!!
}
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Prediction for upcoming sessionDear Traders, as you can clearly see that is makin simple ROUNDING BOTTOM PATTERN in reverse side.
But main thing we should notice here green line area is as DANGER ZONE don't trade and wait for right time.
Decision Zone 35100-34400
Upper target. 35755
Lower Target. 33719
This analysis done by me only for educational purpose. Feel free to share your feedback.
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