Indigo Paints Ltd: Inverted H&S Pattern Levels mentioned on chart & given target seems achievable. Plan your trade accordingly. Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk. "Trade what you see, Not what You Think" Happy Trading(:)
Stock is under formation of a symmetrical triangle pattern. Stock is holding above it's 200 EMA on the weekly chart. A sustained closed above 2060 will be considered as a confirmed breakout of the pattern which shall take the prices towards 2800 zone in the coming months.
Stock has given a thrust out of the triangular pattern and reversed back, regaining it's long term moving average of 200-EMA. Stock has given a breakout of the falling trend line and broken the highs of past 1 year. These observation suggests that pices are likely to move higher towards 700 in the coming months.
SKF India Looks Great for MID-Term Swing Trade Buy Near 4500-4550 Stop loss - 4260 (5%) Targets - 4800(5%),5000(10%),5200(15%) Duration 2 Months
he Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure. The Elliott Wave analysis indicates that the stock has completed waves (1) and (2), which are shown in blue numbers on the daily chart. Wave (3) appears to be underway at this time and might reach a maximum length of...
The Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure. The Elliott Wave analysis indicates that the stock has completed waves (1) and (2), which are shown as black numbers on the daily chart. Wave (3) appears to be underway at this time and might reach a maximum length of...
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NIFTY seems in 3rd Wave (with BB Challenged) on Hourly, and its next target in 22000, Buy above 21920 SL 21875, This analysis is only for STUDY purpose and not for actual trade, Do your own study/analysis before entering into trade.
Adbe has done one leg of down and pulling back now. It has now reached 20 DMA which can act as resistance. This is low risk setup with closing above 20DMA as SL. Target 1 - 570, Target 2- 550
We are in the 5th wave of the move which started on on 1st Nov 2023. As per Elliot wave we will get a correction after the 5 waves are over. Expected reversal zone- 22,200 to 22,400. This is a short term view. I expect this view to play out by 20th of this month. We can expect a correction to start after that. I will share the medium term view in the coming...
SBIN stock has re entered the demand zone and bounce back sharply on daily candle, can expected a good move in coming trading days.
Infy near breakout zone in the short term. Stock has given sharp up move after gap up in the last session indicating further upmove.
ICICIBANK looking good, bouncing back from the trend-line can place SL below trend line while going long, Triangle like pattern breakout.
HDFCBANK shows Rounding pattern indicates bear move in short term, be careful while going long.
Hi all, Nifty wave 5 is in trending channel and it will continue the same until and unless it is not breached. Stay bullish in the channel. Once 21800 was breached target of 22k was activated. Support 21800 for more upside. Until and unless the channel is safe and 21800 continue trending higher. Even after channel breached wait for 21800 to breach for change in...
Strong Sell zone - 48165 - 48300 If market opens gap up, try to sell near 48165 and 48300. I am bearish on Bank Nifty. Buy Zone - 47050 - 46860 Please like share n subscribe. Thanks.
BankNifty Analysis - Stance Neutral ➡️ BankNify opens above the resistance area of 47539 and then briefly falls below that till 09.59. When the entire IT sector was screaming GREEN, Banks were keeping lull. BN had its proper resistance break at 10.07. From there it made 2-legged rise to 47873 before giving away 270pts between 14.39 to 15.07. 4mts chart link We...