Uptrend
MOTHERSON SUMI WRNG: Formed Reversed Head & Shoulder PatternMotherson Sumi Wiring India Ltd has formed reversed Head & Shoulder Pattern.
Can be added around 54-55 with target of 62 and set Stop loss at 52.
Pattern is forming on daily chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
coal india above 200dma can go to 300++after years of down trend back to uptrend can hold as long as above 200 daily ma
if you want to follow trend
even ppfas fund also buying
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
Nifty50 Analysis! Triangle Breakout!Nifty 50 Daily Analysis!
Trinagle Pattern formation in Nifty50!
Triangle Pattern Breakout in Nifty50!
Nifty50 formed a Triangle on a daily Timeframe. Today It has given breakout and closed above the resistance trendline. We can expect further upmove in Nifty50 in upcoming trading sessions. Rest of all Analysis is on the chart please take a look.
Entry = Depends on how market opens on Monday
Stop Loss = Below 18337.75
Targets = 1) 18612.70 2) 18740.15 3) 18949.90
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
National Aluminium looking bullish ahead as per wave structureHello Friends,
Here we had shared possible Elliott wave counts of National Aluminium chart, on daily time frame, which is clearly indicating that above 66.95 major support level it is purely in an impulsive phase.
According to the Elliott wave structure, the price chart has exhibited the following patterns:
The initial phase consisted of an upward impulse movement, representing a larger wave marked as ((1)). Subsequently, a significant correction took place, forming wave 5 within wave (C) of the larger wave ((2)). This correction reached its lowest point in July 2022 at a price level of 66.95.
Currently, there are indications that we have entered and started the larger wave ((3)). Within this wave, we are currently witnessing the development of wave (1), which is expected to unfold in five sub-waves. The first two sub-waves, 1 and 2, have already been completed.
Looking ahead, we anticipate a northward movement as wave 3 within wave (1) of the larger wave ((3)). We have already experienced sub-waves (i) and (ii) within wave 3, and we are now potentially prepared for an upward surge as wave (iii) of 3, within wave 1 of the larger wave ((3)).
Elliott wave structure mentioned on chart shared below
Breakout with very good intensity of Volumes
My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I an not Sebi registered analyst, and I am not responsible for any kinds of your profits and your losses.
Thanks
RK💕
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
SONACOMS : Moved into second phase of the uptrend after reversalSONACOMS has rested on its next support and now on the way to the second phase of its uptrend after the trend reversal from the channel. The targets and the SL are marked on the chart for your reference.
Remember this is an education post and meant only to understand the behaviors of the charts. It does not carry any tip to buy or sell for the stock.
Good Luck !!!
Tech Mahindra - Breakout Possiblehiii all,
Greetings!
For almost an year we have seen Tech Mahindra stock running side ways, few days back Tech Mahindra gave a breakout above 1140 levels.
Yesterday & Today it has retested its support level. Hopping for strong up move.
well the result season for IT stock has begun so keep an eye on results also.
Thanking you
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
Please like and comment.
Share with Your Friends.
Keep Learning,
Happy & Safe Trading
BERGER PAINTS | Breakdown Or FakeoutAfter a good upside rally as can be seen in the chart, 'Berger Paints' went into a consolidation phase.
today it has broken the consolidation zone and also has changed the trend in the smaller time frame.
Now we can keep it on the radar for the coming days so we can see if this is a breakdown which is more likely to happen or a fakeout to trap sellers.
both side opportunities can be grabbed this week.
Keep in the watchlist.
Auto indexThe auto index is showing exhaustion, which means the auto stock may take a pause here. so if you have auto space stocks in your portfolio keep a watch on them and do a re-analysis of the stocks. closing below the horizontal line may reverse the trend of the index.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
Uptrend Channel pattern reversal in L & T TECHONOLOGY SERVICESL&T TECHONOLOGY SERVICES
Key highlights: 💡
✅On 3 hour Time Frame Stock Showing Reversal of Uptrend Channel Pattern .
✅ It can give movement upto the Reversal final target of Above 3820+.
✅There have chances of breakout of Resistance level too.
✅ After breakout of resistance level this stock can gives strong upside rally upto below 4220+.
BEL: Formed Reverse Head & Shoulder PatternBEL has formed reverse Head & Shoulder Pattern and gave breakout.
Can be added around 106-108 with expected target of 120 and set Stop loss at 104.
Pattern is forming on daily chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Deepak Nitrite showing continuous sign of uptrend.I have added all my observations in the chart.
H - High
L - Low
HH - Higher high
HL - Higher lows
briefing all the points,
Technically
Stock is not in overbought zone.
No signs of divergence with respect to prices with RSI graph
50EMA line just crossing 100EMA line
Stock making higher highs and higher lows
no bearish candlestick patter visible on daily chart
Stock seems to be in uptrend
Stock above 200DMA
Fundamentally
1. Stock showed increased operating profit from last 3 quaters.
2. No cons visible on screener site.
3. Increased Investments from DIIs for last 2 quaters
Summary
Stock seems like is in uptrend, with no negative indicator in sight.
Whirlpool of India, showing signs of uptrend after double dojiAll the details on the chart itself
Whirlpool of India showing signs of uptrend.
1. near hard support line
2. breakout after double doji
3. target 1 marked
4. target 2 marked
5. stop loss marked
possible 9% and then 15 % target
Uptrend started
CENTRAL BANK: Formed Reverse Head & Shoulder PatternCentral Bank of India has formed Reverse Head & Shoulder Pattern after long down trend.
Can be added at current level between 28 - 29 with target of 33.5 and set Stop loss at 26.
Pattern is forming on hourly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Multi time frame analysis on TrilI daily make educational content videos for swing / positional trading
HAPPSTMNDSHAPPSTMNDS:- The stock has broken its lower high lower low pattern and may have also broken the trendline and also given a breakout of the trendline. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Trade Analysis : USDJPY Retracement Trade Analysis : USDJPY UPTREND Retracement
Channel analysis on USDJPY
Trend Identification: Intraday Uptrend Pullback in USDJPY.
Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points.
Price Behavior: Bullish pullback with market structure.
Targets: T1 = 136.500, T2 - 140.00.
Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements.
Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows.
Conclusion: Based on the chart analysis of , USDJPY is Bullish retracement has been identified. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading!
(Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)