TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. June Series Option can be tried. Wait for entry setup, if available then Long/short. Reward is 8-10 Times
COMP/BTC forming falling wedge on 4H TF, Major Support : 0.0135, 10% Profit With RR Ratio Of 1.33
SYMPHONY breakout through the Bullish continuation pattern with huge Volume . It may retrace to retest the breakout. Levels mentioned on chart. Given targets 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(:)
IOC is looking weak, in terms of price and volume correlation. It was consolidating in a range and then gave a break out of the range on 19th August. The volumes, then, were above the 100 DMA, suggesting some sort of strength from the buyers. After that breakout, price did continue to move higher, and volumes did expand as the price moved higher. But in the last...
Tech-mahindra has show a sign of break-down I.e 1.Broke the trendline 2.Fib Conformation this is my personal view and now lets hope for the best! Whats your view, Comment down!
VGuard broken falling wedge with big volume. Stock looks to all set to move up towards 230 levels if takes out 184 easily. Failure to break 184 will form symmetrical triangle. Any Dip towards 165 long opportunity SL 158 on daily basis. Target 180, 200 230+ Disclaimer: Calculated and plotted values may differ little with actual stock movement. Plotted wave...
Today Nifty opened gap up and invalidated assumption of impulsive down moving Elliott wave. At gap up 11248 it confirmed since wave 4 touched wave 1 now its forming a wedge or parallel channel. Where wave 4 should end near 11268 which is 0.618 fib level. Next fib 0.786 11311. Stop loss 11325 Resistance 11270-85 will be difficult to cross. Wave 5 should start...
HELLO FRIENDS I AM AGAIN WITH A NEW IDEA. FRIENDS I HAVE GODREJ PROPERTIES CHART PATTERN HERE .FRIENDS IT IS MAKING A RISING WEDGE T CHART PATTERN . ITS SUPPORT PRICE IS AT RS 850 AND RESISTANCE PROCE IS AT RS 940 . ITS TARGET FOR DOWNWARD YOU CAN TAKE IS RS 830 . BUT BUT IT CAN GO UP THEN DOWN OR DIRECT DOWN FROM MY OPINION . SO THANK YOU PLEASE LIKE AND FOLLOW.
Falling wedge! Bullish engulfing Expecting a breakout here after this consolidation period, buy a bag here because there might not be a retest (not happened for CELR). The price will shoot up drastically and also this is a very good week for alts as the BTC is in consolidation phase, Will keep Sl if BTC crosses 12240 range. Buying at 100 For now, the targets...
NIFTY has been trading near the resistance zone(78.6 Fibonacci level) from the past week and it has closed near the lower trend line of the rising wedge pattern. There is a Negative divergence on RSI as well. If it headed for the reversal, it's likely to find support at 61.8 Fibonacci level i.e, at 10550 (or) at 50 Fibonacci level, which is around 10000. Cheers....
BankNifty has been trading near the support of Rising wedge pattern (a reversal pattern). It has been facing the resistance at the 38.2 Fib levels from the past week. If it heads for correction its likely gonna find support at 23.6 Fib level, which is near 20000. Cheers. This is as per my analysis, please do your own analysis before doing any trade/investment....
Wait for breakout or breakdown but look for buying opportunities mostly upside
Sell Nifty Future Intraday ~ 11344, Stop ~ 11385, Target ~ 11230
Bharti Airtel Ltd, has been trading near the lower band of falling wedge(Support) pattern. If the stock, breaks the resistance line of the pattern, with good volume, a potential up move is implied.
Asian paints look bullish if daily closing above the channel