Wedge
Mighty Nifty - Weekly Review Dec 5 - Dec 9Last week we have seen all time high in Nifty. And now price is consolidating in a narrow range. 18640 is the trend deciding level for nifty. Buy above 18640 with the stop loss of 18600 for the targets 18690, 18740, 18800 and 18860.Trading execution is a skill. Sell below 18580 with the stop loss of 18620 for the targets 18540, 18490, 18450 and 18380.
A clear BULLISH view on BIRLASOFTHEY GUYS,
BIRLASOFT stock was following a pattern
i.e FALLING WEDGE PATTERN
now , this stock has crossed that pattern
and it is showing clear BULLISH SIGNS.
as you can see, a 12% increase in a single week and volume is also very high,
this shows that people are really interested in this stock.
Therefore, you can also trade in this stock and earn high returns.
you can clearly see the pattern in the chart
i have marked that pattern with the trend lines.
thanks and have a great trade.
Bajaj finance interesting formation Bajaj finance is looking for an interesting move . I feel its travelling in a channel inside a wedge . Which is almost totally looking like a right shoulder of an inverted H&S pattern. Above 6850 it looks like preparing for an uptrend .
This view is purely for an upcoming view not (immediate or intraday basis ) which we have to wait and observe in larger TF
Equitas : Weekly Chart BreakoutEquitas Holdings : Beautiful Breakout on a weekly chart of #Equitas & retest done.
Stock ready to fire. Enter above safe entry levels only.
wait patiently for Target levels as setup is on weekly charts
Book partial profits @10% & trail the rest
Happy Trading !!!
HindalcoPrice is consolidating in a narrow range. Sell below 447 with the stop loss of 451 for the targets 443, 439 and 435. If price show bullish sign then can buy above 453 with the stop loss of 449 for the targets 457,461 and 464. Any one who trade with strategy and manage risk can become a profitable trader.
Muthoot Finance Cmp 1080 dated 1611-2022 Trendline breakdownMuthoot Finance Cmp 1080 dated 16-11-2022
1. Trendline breakdown below 1075
2. Rising Wedge Breakdown
Sell below 1075 for target 1050-1030-1010-985 SL 1125
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
TATA CONSULTANCY SERVICE MID TERM TO LONG TERM SWING#CONSULTANCY SERVICE Falling wedge pattern (down trend channel) breakout on weekly time frame, also posted good quarterly results, good fundamental stock. wait for retest.
BYU around 3260
TGT : 3430, 3600, 3835, 4043
SL : 3470 Daily 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.
Whirlpool Cmp 1530 dated 11-11-2022 BOTTOM CATCHWhirlpool Cmp 1530 dated 11-11-2022
BOTTOM CATCH
1. Hammer Candle @ Bottom & @ support
2. Almost after a correction of 25 % Hammer
Candle made. Price correction from high
1905 to low 1483.
3. Falling Wedge Pattern
Buy @ Cmp for target 1550-1585-1620-1650-
1660 SL 1500
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
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.
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.