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Federal-Mogul Goetze (India) Ltd - Looks Good!The chart for Federal-Mogul Goetze (India) Ltd ( NSE:FMGOETZE ) shows a bullish chart pattern known as a "Continuation Wedge (Bullish)." This pattern suggests that the stock price, currently at 350.45, is likely to increase in the near future, with a first potential target price of 377.70 In essence, the Continuation Wedge (Bullish) indicates a temporary pause in an ongoing uptrend. It is characterized by two converging trendlines, both sloping downward against the prevailing uptrend. During this phase, there is a battle between bears (sellers) and bulls (buyers). However, ultimately, the bulls gain the upper hand, as the stock's price breaks above the upper trendline. This breakout signals a continuation of the prior uptrend, suggesting that the stock is likely to resume its upward movement. In simpler terms, it's like a brief pause in an upward trend, but the bulls are expected to take control again and push the stock's price higher. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:FMGOETZE
by hardeepssethi
GAIL_ Positional Long above Rs 134.20_ (1:3) Risk RewardGAIL was consolidating near its support line for 3-4 days. I am planning to go long if it moves above Rs 134.20 tomorrow. The risk reward looks attractive (1:3) Entry: 134.20 SL: 129.90 Target: 149 Important Points: 1. Please note that Rs 150 is very strong "monthly resistance". Therefore, booking profit at Rs 149 level is best for us. 2. Look, whenever the price opens gap up (say 140), the people who bought earlier start booking the profits, Hence, that will not be suitable entry. But, if share open flat, start moving upwards slowly and steady, that's the BEST time to enter at the price I have provided. Disclaimer: Please do you own research before jumping into the trade. Till then just be a spectator and evaluate how the price moves near support. I already have open positions which I may hold or exit at my SL.
NSE:GAILLong
by UnknownUnicorn7637383
3
Auropharma : Riding the Wave: StockJumps from 397 to 1000 October 13, 2020: Identified a B-Wave shift in Auropharma (TradingView Idea Published as mentioned below), predicting a decline from highs of 1065 to lows of 397- was looking for Wave -C Downside. These are complex corrections so I changed them to X-wave (instead of B-Wave) January 30, 2023: Noted that Auropharma was close to completing an Ending Diagonal, which eventually ended the fall at the lows of 397. Ending Diagonal as per New School Analysis or Wedges as per Old School or Traditional Analysis are classical patterns which suggest that the structure is about to end & sooner or later opposite side move will start. This is the reason, why I picked this stock as portfolio stock for 1000+ as the ending diagonal started from the highs of 1065 which was most likely to get retraced 100%. February 27, 2023: Published an idea on TradingView suggesting Auropharma was preparing for a rise to 1000 as stock made a low of 397 & started rising. A classical example of V-Shaped Recovery on Monthly Chart using wave analysis. November 18, 2023 (Today): Auropharma achieved the target, touching over 1000+, just a few points shy of the previous high of 1065. This journey of Auropharma's stock is a real-world example of wave analysis in action and will be featured...story continues Regards, WaveTalks
NSE:AUROPHARMA
by WaveTalks
4
BCPL Railway Infrastructure Ltd - Continuation Wedge (Bullish)A "Continuation Wedge (Bullish)" chart pattern has emerged on the BCPL Railway Infrastructure Ltd (BSE) stock . This pattern, suggesting a potential upward movement, implies that the stock, currently closing at 58.26, might experience an increase in the range of 75.00 to 79.00. This pattern took shape over a span of 33 days, roughly aligning with the anticipated time frame for the stock to reach the projected price range. These observations are based on established principles of technical analysis. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BSE:BCPL
by hardeepssethi
Elgi Equipment Next leg rally to start?Details of entry and exits are mentioned on charts. Stop loss ~5% and target ~15%. Given target is for swing trading, if aggressively breaks wedge upper line expect it move rapid up in longer term. Please Boost this analysis with likes and comments. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:ELGIEQUIPLong
by Niftydirection
Axis bankPrice has formed a rising wedge and the consolidation is getting narrow. Pattern : Wedge. Range : Medium. Trend strength : Normal. Buy Above : 994. Stop Loss : 989 Targets : 999, 1004 and 1010. Sell below : 985. Stop Loss : 990. Targets : 980, 975 and 970. Price in one hour time frame. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:AXISBANK
by vanathi
BANKNIFTY November 8, 2023BankNifty turns bullish as expected! On November 7th, NSE:BANKNIFTY broke through neckline resistance with a bullish momentum candle, confirming the bullish trend that we have been anticipating. The weekly chart shows a rising wedge formation, which could lead to a short-term bullish trend, with BankNifty breaking through 45,000 and reaching an all-time high before reversing. I have plotted and adjusted support and resistance levels on the chart. Please watch the market closely and trade accordingly, especially on expiry day, as there may be surprises. Like and follow me for more updates!
NSE:BANKNIFTYLong
by UnknownUnicorn34628734
Finnifty - Nov 7Price is moving up for the past few days, but the width is narrowing in the form of rising wedge. So you should be careful as it may fall suddenly. Buy above 19660 with the stop loss 0f 19610 for the targets 19700, 19740 and 19820. This will happen if the price retains the bullish strength. Sell below 19570 with the stop loss of 19610 for the targets 19530, 19490, 19450 and 19400. The fall may be more if the price gains bearish strength. Support zone : 19420 - 19460. Resistance zone : 19790 - 19820. Do your own analysis.
NSE:FINNIFTY1!
by vanathi
3
Nifty weekly expiry for 02/11/23.Nifty has formed a red candle on the daily charts and is trading between both the moving averages. It is showing a bearish trend on smaller time frame, also forming a fall wedge pattern. If the market starts trading below 18900, there will be a huge sell off as the low will be cleared and support will be around 18720. On the hourly charts, the market has been trading below the moving averages which signify some negativity. Support :- 18870, 18720 Resistance :- 19250, 19400 Tomorrow is weekly expiry for nifty and today it has fall 90 points on day to day close. Watch if the market open flat to negative and starts trading above the resistance of wedge. The pattern will work in the bullish side more effectively. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
NIFTY positional - 1000 pts move NIFTY index on a weekly timeframe, a notable diamond top formation seems to be developing. Historically, diamond patterns have often signaled significant price reversals. Based on this observation, a potential 1000 pts move could be on the horizon. Analysis: Diamond Top Formation : The diamond pattern, often considered a reversal formation, has manifested after NIFTY's bullish run. This pattern encapsulates a period of market indecision, with the price oscillating within converging trendlines. A decisive breach of these trendlines can indicate the future price direction. Bearish Scenario: If NIFTY breaks below the lower trendline of the diamond formation, a swift downward move can be expected. The depth of the diamond provides a hint at the potential move, which, in this case, suggests a 1000 pts drop. Supporting Indicators : The recent retest of the wedge and subsequent rally shows a strong bullish momentum. However, with the emergence of the diamond top, this momentum may be waning. A confirmation of the bearish view would be a decisive breakdown below the diamond's lower trendline, preferably with a spike in trading volume. Conclusion : While the diamond top formation suggests a potential bearish reversal, it's crucial to await a clear breakdown for confirmation. A 1000 pts move is significant, so traders are advised to be vigilant, employ risk management techniques, and consider other technical and fundamental factors influencing the market. Disclaimer: Technical analysis is based on historical price action and patterns. While patterns can give insights into potential future movements, they don't guarantee outcomes. Always trade with caution and employ proper risk management strategies.
NSE:NIFTYShort
by msk_analysis
2