A 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.
TATA steel Consolidation bear flag could reach 120 Afterwhich it could decide the trend direction
On the monthly time frame stock is in a rising wedge pattern. It is also outperforming the market from the past few months.
Stock 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 formed in Cipla. We can expect a good move below the trendline/ above the trendline.
Tata Steel ltd seems falling wedge pattern. Its bearish pattern. If price does not sustain above 106, it will move downward.
It is in a falling wedge pattern on a weekly timeframe . Price is now testing the trendline.
#ACE pattern Breakout can happen soon watchout for the Breakout & Keep eyes on Volumes RSI gaining Strength
Gold 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...
NSE: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.
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...
The 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
Logic (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...
NSE: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 ...
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.
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+.
Bajaj Finserv has been trading in a range and forming rising wedge pattern on the daily time frame. The stock has been taking support from 20 DMA and has closed just near the level. A morning star pattern is there on the daily time frame. Stock has closed between both the moving averages on the hourly time frame. An entry can be made in the down side, as...
1. Took Support at Descending Broadening wedge & Previous consolidation low 2. Buy above 1185 on weekly close 3. Stop lose below 1090 on weekly close