Bata has been in a sideways channel on the daily timeframe for quite a while. The stock is approaching the 3rd touch of this channel at the top. The interesting thing about this is, it is approaching the top in a rising wedge formation giving us an idea of a potential dip in the stock. If the stock breaks this small rising wedge formation it has the ability for a...
As of now EMA50 looks to be holding price -- short close below 1570 SL above 1582 Squareoff 1560, 1545, trail.
Has broken out of a downwards channel which is within another downwards channel. Broken with volume also.. Need to see if it can break out of the bigger channel and sustain the upwards movement for resistances marked in yellow.
As shown on charts, the internal structure is shown and this is now ready to hit the above trend line. Do keep tight stop loss for enhanced volatility in market.
Jindal Steel is at an important support zone with a falling wedge pattern formation at the bottom. This may be an indication of a potential reversal when the wedge is broken to the upside
As explained in the chart market is expected is to continue downtrend till monthly support... Let's see and watch.... Targets are mentioned in the chart..
Lt is in a falling wedge pattern which is at an important daily trendline. Traders can look to go long after the wedge has been broken to the upside at 1402.50. Target 1 - 1432 Target 2 - 1465 Target 3 - 1538
This is in continuation of prior idea on Bank Nifty(Refer Related Ideas below). With Continuation channels and lowering time frames for same, we look to have a falling wedge/ending diagonal on our hands, per current scenario on charts. Per FIB levels, we have quite some support around 28600 levels approx. Also, RSI divergence is visible as shown on...
An Ending diagonal formation on what looks like Wave C looks to be in formation. This has possibility for ending somewhere in between 11250 and 11140 per FIB levels for fall from 11980. Also per FIB levels for rise from 10335 to 12100, this coincides with 50% retracement. RSI divergence is also visible as shown on charts. Will this end the downtrend? Most...
LT is in a clear falling wedge formation which is a reversal pattern and can break to the upside at any time. Traders should go long after 1422 levels are broken. If 1388 has is broken down then no trade Target 1 - 1471 Target 2 - 1514 Target 3 - 1538
Always little be penetration can be seen in intraday research. The control price of major channe l and value high of minor chann el can be Intraday U-Turn point at 11608 nearby and minor yellow channel has value low at (D) 11523 but value but intraday support can be 11563 in some case only because already support has taken b y Manjor channe l at (4) and...
Short First & Long Later Trading Strategy Plan A – Selling in 11685 -11710 for Targets - 11650-11660 Plan B – Selling below 11650 for Targets - 11600-11615 Plan C – Selling Below 11600 for Target zone - 11525-11540 Plan D – Buying in 11600-11615 zone with strict stops below 11590 for 11700-11710 & Above 11725 for 11775-11800 & Above 11825 for...
Rising wedge pattern formed again on Nifty as depicted on charts.
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