As we can see NIFTY showed a strong reversal from the trendline as we analysed in the last post and showed over 100++ points of recovery but failed to continue its up move as it got rejected from the above trendline, Hence we can expect NIFTY to show a strong movement from here as if it breaks and sustains itself then we can see NIFTY making new high else nifty...
Nifty Analysis Contrary to the expectations, today turned out to be a boring day. The open was right at the SR level of 19310, still it was gap up as our prior close was near 19250 levels. Even then the resistance breach did not come then, we had to wait till 11.15 for a 5mts candle above the SR zone. BankNifty was looking in tremendous form today, we will...
Bank nifty in hourly time frame found falling wedge breakout and consolidation done. target and stop loss updated in chart
Something to debate & research on. Although nifty is in a bearish trend on the 1hr and 1D time frames. On the weekly TF it resembles a bullish flag. what do you think ?
Nifty also closed in the green today but did not have as much momentum as BankNifty today. The first divergence happened in the opening 1 hr where Nifty gave up 0.43% ~ 83pts even after having a gap-up opening. The real reasons for a gap-up opening was not clear as the Global hand-out was not that positive. Traders including me were looking for breakdown...
We will start with BankNifty today, because we had a reversal pattern today. According to me trend changes are first spotted on BankNifty and hence it works as a leading indicator. This is what I said in yesterday’s report: Also note that the falling wedge will converge tomorrow, so a strong up move is more dangerous. The bulls will use that opportunity to drive...
Godrej Industries 1. upper band channel breakout at bottom channel 2. convergence in price and psi 3. looks good for uptrend Conclusion: The price is in bullish Trend. Note for everyone who came across this reference: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. ...
It would definitely be the first stock I would look at in a possible retracement in BIST100. The movement is accelerated by the upward break of the falling wedge. There is no resistance in the TRY pair because it is hovering around the ATH levels, but it seems more correct to look at the USD pair. The lines marked with green on the chart are targets. Targets...
💎 Hey Paradisers, take a look at the HIGH/USDT daily chart. It's forming a falling wedge pattern, which usually indicates a bullish trend. Currently, it's around the 1.101 demand zone. If it holds steady here and breaks above the upper trendline of the wedge, we might see a bullish trend ahead. 💎 What are we aiming for? We're keeping an eye on potential rises to...
PRECOT DAILY CHART ANALYSIS - Showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. Target: Rs. 198 Self explanatory daily chart analysis for educational purpose Technicals - Bottom Triangle Pattern / Bottom Wedge This is just a view by an analyst, please invest at your own risk. Follow me for more!
💎 Paradisers, zoom in on XRP/USDT on the 1-hour chart. It's sketching out a rising wedge pattern. At the moment, it's hovering near the demand zone and the supportive trendline, potentially ensnaring some traders. 💎 Historically, it's bounce back from supportive trendline about five times. This could hint at a robust foundation for XRP, making it a contender for...
ACCELYA daily price trend shows signs of a potential reversal after a period of consolidation. This often involves a bottoming process and a subsequent upward breakout. Market conditions can change, and various external factors can influence price behavior. Always use technical analysis in combination with other forms of analysis and risk management strategies...
#ENGINERSIN #breakoutcandidate #breakoutstocks #trendlinebreakout #momentumstock ENGINERSIN : Swing Trade / Short term (1-3 months) >> Beautiful Structure, possibly trendline breakout soon >> Stock has taken a good pause after the initial momentum and now ready for more upside >> Good strength and Volumes in stock SWing Traders should focus on 10% profit &...
#asterdm #pharmastock #breakout #breakoutcandidate #trendingstock #momentumstock >> Beautiful Structure, possible Consoldation breakout >> Good Strength and volume Swing Traders should focus on 10% profit & keep trailling Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations...
#swingtrading #finpipe #consolidationbreakout #breakout #flagandpolebreakout >> Beautiful Structure Range Breakout >> Impulsive Move >> Consolidation >> Pennant formation >> Perfect Breakout Candidate >> Good Risk Reward Ratio (min 1:2 RR or possibly more if u hold longer) >> Good Strength & Volume in stock Swing Traders should focus on 10% profit & keep...
Rising wedge breakout and also Cup and Handle Breakout in VGUARD. A Sign of Bull taking over???? Time will tell.
Indigo Paints trading in a narrow range, with very high chances of a breakout. Buy above 1460, SL 1410. NOTE: Please maintain good Risk to Reward, as per your appetite.
There was only 1 goal for the bears today, to close the markets below 19309. Somehow they got it done today which means we are in for a bear ride next week. Let me try to explain. We opened right at the 19309 level and then fell to 19258 levels by 10.45 in a show of strength by the bears. From there there was a reversal till 12.00 where we re-touched the 19309 SR...