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Wpattern

POTENTIAL OPPORTUNITY - UPTO 58% @ SECUREKLOUND TECHNOLOGIESPotential Opportunity as Swing Trade in NSE:SECURKLOUD Presuming formation of "W - Patten" with a retracing at strong support. If tomorrow's trade confirms with another strong green candle then Bullish rally will form. Risk : Reward - 1:3 ENTRY - 124.50 STOP LOSS - 110.00 TARGET (1) - 147.00 TARGET (2) - 163.00 TARGET (3) - 177.00 This is for Educational Purpose only, apply your prudence & consult your adviser before any investing. HAPPY TRADING..... #nse #swingtrade #nifty #securkloud #nifty50 #priceaction #trendline #retest # retracement #bullish #riskrewardratio
NSE:SECURKLOUDLong
by indostockdash
🎯 PATTERNS WITHIN A PATTERN 📊NSE:HINDCOPPER 🔴Pattern 1 - FALLING WEDGE 🔴Inside the "Falling wedge" pattern we can identify 2 continuous "W patterns" 🔴Both the Wedge and W pattern 2 needs to give a break out so that this script may have a good probability to become bullish in near future. 🔴BUY ONLY AFTER THE BREAK OUT HAPPENS. BETTER TO BE BUYING AT PULLBACK. 🔴BUY LEVEL - 132 🔴TARGET 1 - 152 🔴TARGET 2 - 170 🔴STOP LOSS - 120 🔴 DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴
NSE:HINDCOPPERLong
by PriceAct-fugazitrader
2
HAVELLS WEEKLY CHART ANALYSISHavells had a W-pattern break near March 2020 lows. The W and M patterns are very commonly seen on the candlestick charts. W patterns are bullish in character and are generally seen at the bottom of a downtrend, whereas M patterns are bearish and are seen at the top of a rally. The stock made new highs in Nov 2020 followed by strong follow up bullish candles which can be observed till mid-Jan 2021. Thereafter, the stock went into consolidation for about 6 months but the downside was limited. The consolidation is a phase in which a stock gyrates in a range for some time. If the stock forms deeper lower-lows and lower-highs, it is called a correction. But in case of Havells, the lows were not deeper enough to call it a correction. The consolidation ended up as a falling wedge pattern (which is considered bullish in character) and then broke out of this pattern in July 2021. The stock had a very strong breakout above the previous high at the end of August but it ended up as an exhaustion. Exhaustions can be observed as very wide candles at or near the top of a rally. It signifies that the buyers are exhausted and the stock may face a sluggish rally or consolidation or correction in the coming weeks or days. The October sharp fall is an evidence of the exhaustion in the August. But this sell off stopped right near the prior important support/resistance zone (1200) and there was no follow up on the downside thereafter. The stock tested the 1200 zone recently in December and has been trying to hold. It seems like a range bound action between 1200 to 1500 can be seen in the coming days/weeks (support near 1200 and resistance near 1500). A strong break on either side (below 1200 for downside and above 1500 for upside) will lead to a decisive move. I hope this analysis will help some traders/investors in decision making. Regards #Consult your financial advisor before final decision making.
NSE:HAVELLS
by Bravetotrade
IFB Industries bullish breakout observedIFB Industries has given a recent trendline breakout as well as breakout from a W pattern formation in Weekly and Daily charts. This makes it bullish for in short term. Entry-EXIT can be done as below: BUY around 1260-1250 during retracement or RISKY traders can start accumulating above 1316 SL: 1220 below Targets: 1399 as first target, a breakout with good volume above can take it to 1500+ levels Risk-Reward ratio: 1:3+ Don't forget to keep revising SL once in profit. ** This is a good time for IFB considering festive season sales as well.
NSE:IFBINDLong
by chandanjha29
2