MINDTREE LIMITED MID TERM TO LONG TERM SWING#MINDTREE LTD Falling wedge pattern breakout & Double bottom pattern breakout on weekly time frame and also posted good quarterly results, good fundamental stock. wait for retest and good entry level.
Buy around 3575 to 3630
1st tgt : 4000
2nd tgt : 4480
3rd tgt : 5000.
Stoploss 3470 on day closing basis.
Disclaimer :
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Wedge
BANKNIFTY VIEW FOR SHORTShort Banknifty ONLY below 41910 with stoploss of 42055 and for a target of 41655
NIFTY ON BULLNifty completed it's double bottom pattern & rising wedge pattern. Nifty breakout these pattern on two weeks before. In last week, nifty closes above 18000 in daily chart pattern. Hence 18000 act as a strong support level. As per fibonacci retracement, our first target 18300 has successfully attained. And next target is 18600. It is a all time high. When nifty breakout the target, a huge momentum is there and has potential to reach 20000 and set a new high.
Caution⚠️
A market not only technical or fundamental based and news based also. So, if any negative news are come in future market can be go into a side ways between 18000 and 18600.
Disclaimer: A position has been taken by your own risk. So kindly do proper research and analysis before going to a position. And I'm not a government registered advisor, I'm a individual investor. I'm not responsible to your profit and loss. I'm just giving an information only.
Relience Short term Swing trade with rising wedge pattern...here is the chart which is explaining us the pattern named rising wedge and it already had given us a good breakout with some good volume and also retested it's trendline in lower time frames.so here we can go short if it gives us a move towards downside......
Keep in watchlist. Taking support in trendlineEverything mentioned in the chart.
Price taking support on its trendline. Previous Resistance now acting as Support.
If any bullish candle forms in weekly time frame, then go for a long.
Keep SL below the Trendline.
Quarterly result will be published on 10-nov-22. It will be safer to enter after that.
Setup is only for Educational purpose. Before Entering analyse carefully
Long setup. Keep in watchlistFalling wedge pattern in weekly chart. Also double bottom formed.
Enter only if price closes above 570.
If upcoming quarterly result is positive then we may expect a good rally. So keep in watchlist.
Reliance to reach 2800, will it break all time high? Reliance has broken channel and pattern.
Formed Bullish #Headandshoulder pattern
Will it help to break Nifty consolidation zone?
Head height giving Rs 250 price range.
Buy #Reliance Above 2611
SL 2510
T1: 2710
T2: 2810
Graphite India: Descending Triangle Breakout readyA Very Nice Falling Wedge / Descending Triangle pattern breakout ready. See the 350 level, multiple time bottom over long time.
Trade: Buy above 365, Target: 390 / 415. SL: 350.
Going to 120TATA steel
Consolidation bear flag could reach 120
Afterwhich it could decide the trend direction
Is it the right time to buy Amazon stock?On the monthly time frame stock is in a rising wedge pattern. It is also outperforming the market from the past few months.
AMZN is not holdingStock was near a major support. But it is falling continuously. It is forming a falling wedge pattern on the weekly chart. Because it broke a major support, we can see a short term bounce, but the overall trend seems to be bearish, until price breaks out of the wedge.
Rising wedge pattern in ciplaRising wedge pattern formed in Cipla. We can expect a good move below the trendline/ above the trendline.
TATA STEEL_BEARISHTata Steel ltd seems falling wedge pattern. Its bearish pattern. If price does not sustain above 106, it will move downward.
Will TCS fall again?It is in a falling wedge pattern on a weekly timeframe . Price is now testing the trendline.
#ACE : Breakout Candidate#ACE pattern Breakout can happen soon
watchout for the Breakout & Keep eyes on Volumes
RSI gaining Strength
EURUSD LONG entry point FRIDAYGold is not giving any proper merk, waiting for clear move on it. I am focused on for that dollar is not showing any action. Key level to bye 1642, 1636 with 20pips SL only on confirmaton on small timeframe. TP is 1656-64.
This analysis is on EURUSD, yesterday's decision made euro come down, and it is still in strong downtrend, but I want one confirmation for that eurusd should move up, you can catch this trade now or on second entry.
SUPPORT, COMMENT, LIKE AND SHARE
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Andhra Paper: Bullish PatternNSE:ANDHRAPAP looks lucrative in the chart.
Reasons:
A rounding bottom patten created over few monts.
Good volume.
Short term bullish trend
Buy above 500, SL: 470, Target: 530.
Asian Paints: Is it Losing it's shine?
Diwali season is considered one of the best season to get your house painted. With festive season gone behind us, is Asian Paints losing it's shine ?
Let us look at what chart has to tell us...
We are looking at daily charts of Asian Paints
The stock is seeing a lot of selling since it made a high of 3582 on September 28
- the stock is trading below it's 21 day, 50 day and 252 day EMA
These are not the signs that a strong bullish stock will show...
Going forward 3112 -3260 may potentially act as strong resistance zone
Support at 2830 / 2660
Important levels have been discussed. Trust it would help you plan your trade accordingly
Take care & safe trading....!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
JPYINR - completing a ending diagonal- Upside Bias is highThe JPYINR pair has just broken out of a downside wedge (classical charting). Wave counts indicate a complete ending diagonal (Elliotwave
count) with all subwaves visible. Moves following the completion of diagonals are fast and we can expect a quick move to the 60.00 - 61.00 as an initial target subject to the recent low of 54.63 holding
Kotal Mahindra Bank: Range BoundLogic (Range bound): In shorter period, it's ascending triangle (green lines). In longer tf (red downtrend line is longer time downslope trendline), it's symmetrical triangle (pennant). Most likely the breakout will be at higher level only as the shorter term is bullish.
Fundamentally : Kotak Bank is the _best_ asset quality bank across PSU and pvt banks. Very resilient risk access and management.
Technical levels are marked in the chart.
CONCOR: Confluence of multiple Bullish PatternsNSE:CONCOR looks extremely bullish in weekly timeframe.
And note: There is a mulling over Govt for the potential disinvestment of CONCOR to reduce Govt shareholding from 55% to 34% and relinquish the management control to strategic buyer(s). Looks like market is factoring that in.
There is a 5 years long monthly trendline shown as the green slanted line
Then in weekly it creates a confluence of multiple bullish breakout pattens: W pattern, Cup-and-Handle, Ascending triangle - all points bullishness.
COI (Cumulative Open Interest) is showing sufficient long build up in Nov contract.
One can put a SL of 690 for a target of 785 and 840 thereadfter.
Please note: The bullish buildup seems in the anticipation of the disinvestment.
Route Mobile: Consolidating Route Mobile:
Symmetrical triangle formation (shown as bold green and red lines)
The current price is in consolidation zone (shown as the violet color rectangular box).
So one has to wait for the rectagular box breakout with volume at the price level of 1442. SL is the box's low: 1320.
Upside target can be 1480.
Falling wedge pattern reversal in HEROMOTOCO.On 1h Time Frame Stock Showing Reversal Of Falling wedge Pattern It can give movement upto reversal target of 2640+. There have chances of breakout of resistance level too after breakout of resistance level this stock can gives strong upside rally upto 2900+.
