If you observe the chart above, it clearly indicates that it's forming higher highs and higher lows. A few days ago, on January 17th, 2024, there was a significant gap down below the resistance level of 47520. Many times it attempted to break this resistance level, but today it finally broke through with a strong bullish candle. Therefore, we can confidently say...
The stock completed corrective move of a correction wave X, now I think its going to resume its fall towards 2500 as wave Y. Let's see how it unfolds. This is only for study purpose, not suggesting to trade or invest.
MSumi - We can wait for retest buy price 65, Once it reaches it then we can trigger buy
Looking for a potential trading opportunity in the GBP/USD currency pair? Keep an eye on the intraday charts for a breakdown of the inverted head and shoulders pattern. This classic reversal pattern typically indicates a shift in market sentiment from bearish to bullish. Here's how to identify the setup: Inverted Head and Shoulders Formation: Watch for a series...
"Good morning, friends! Here are the directions for March 6th: The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -12 point. Nifty has a range-bound...
The Banknifty structure is a little different; as per the wave structure, there is a pullback wave bending (minor sub-wave 5th). So, if the market breaks yesterday's high, then we can expect a range between 47821 to 47957. Since this is the 5th wave, once it rejects there, we can anticipate a correctional wave that may take a 23 to 38% Fibonacci correction to the...
Yes bank bounces from important level of 17.2, now if this level holds, we can see 29 levels by mid june'23
UPL has good consolidated breakout at bottom levels. It can slowly achieve following targets.
Tatasteel has good bulish flag pattern breakout. Above 133-135 closing can give good upside in the future. It should sustain or retest the flag top levels.
Healthy 0.23 levels fibo correction should come in midcap nifty if it has to go far away. The chart looks very simple but it's the most effective way to judge market waves.
Jindal Steel & power had nice cup formation since last 15 years. If now it sustains above 750-760. It has huge runup to go. This can be a good wealth creator in future.
Rule of warren buffet - invest in strong fundamental penny stocks and leave it. This stock looks attractive at this price range. The fundamentals are very good, It is performing very good if you see the profits are increasing YOY and QOQ. I have mentioned values on charts. Good for investing for short term and long term for multi bagger. Please go through the...
BankNifty Analysis - Stance Bullish ⬆️ BankNifty gets a status change today to bullish. Look at the 12.47 candle that took out the resistance of 47465. Even the next candle formed was strongly bullish. We are now at a stage where BankNifty is strongly bullish and Nifty is showing some weakness due to the tech sector. If Nifty starts falling, there is no way...
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Our stance continues to be bullish and the first support level would be 22295. It is a shallow support and not quite relevant for a stance change, but the momentum is what really matters.” 4mts chart For a brief period, Nifty traded below the support level of 22295. Even on the lower timeframe we did...
After a fall, it's evident that the downtrend has reversed with a trendline breakout. Drawing Fibonacci retracement from the low point to the high point shows a 0.6 retest and an upward movement. Additionally, on January 17th, 2024, there was a significant gap observed. If the resistance level is break, we can expect to see a large candle towards the upside....
Short-term waves are building in the base area above the ichimoku cloud. A new trend is being formed to help build an expanding growth wave system for this trading code
SHK Can form a VCP pattern if the breakout is not valid, If it forms VCP pattern then we can have a down level as a buy price
By seeing the price movement in Motherson will form VCP pattern down the line. Act based on that and get multiple gains. This stock need to be there in everyone's watchlist