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Triple bottom in LALPATHLAB on one hour chartIdentified a triple bottom formation, which is a bullish chart pattern that suggests a potential trend reversal from a downtrend to an uptrend. This formation occurs when the price of an asset creates three distinct lows at or near the same level, indicating that buyers are stepping in to support the stock at that level. There are two possible outcomes: either the stock will rebound from this support level, leading to a bullish trend reversal, or the stock may break down through this support level, indicating that bears are taking control of the market and leading to a continuation of the downtrend.
NSE:LALPATHLAB
by HSJNFinWisdom
2
HINDALCO-- UPDATE : Rounded Bottom Bullish chart pattern. HINDALCO ---UPDATE : 06/03/2023 -- ROUNDED BOTTOM BULLISH CHART PATTERN --DAILY CHART 1. This is reference to previous idea of HINDALCO -- , we can see rounded bottom cup formation of chart , 2. correcttion from 480 sub level sub to 400 level downtrend form, and after support formation of 400 level curve seen upside level . 3. 415 form as support , stock seen close around this level which is near by trendline breakout , if breakout candle seen then stock will be at bullish zone . for target 440-480 + as mention in previous idea. 4. Nearest support level 404-408 , resistance 425-440 5. CCI , EMA bullish crossover seen , ** . arrow indicate rounded bottom formation levels. THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk !! HAPPY TRADING !!
NSE:HINDALCOLong
by champtrade111
4
NIFTY - Where is the BOTTOM ??? We have a GOOD NEWS !!!Good day to everyone! NIFTY price action is trapped inside a Descending Broadening Wedge (Blue lines). The Good News is that Descending Broadening Wedge is a Bullish or Continuation Pattern. Since the long term trend is uptrend, the probability of the trend continuation is higher which is bullish . Where is the bottom? The price action is currently supported at the yellow support line where I expect the price to recover in the month of July. Still I am expecting the price to fall back to the Descending Broadening Wedge Support again between September and October which will be the BOTTOM. This analysis is purely based on the Descending Broadening Wedge and Support & Resistance. ~RPS~
NSE:NIFTY
by praveensam001
1