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Wpattern

Reliance W-Patterns and Fib. ExtensionsW-shaped patterns work best at the bottom of a major downtrend but they can also be seen as a trend continuation patterns. On this weekly chart there are three W-shape bottom formations that appeared in 2018, 2019 and recently in 2021 and all the three appeared with in an existing uptrend. In such a case we can play this pattern with conservative targets. In the last two occasions the stock rallied up to 1.27-1.618 extension levels. In 2021 too we can expect these targets which come at around 2514-2699. Hope this small analysis will be useful. Regards
NSE:RELIANCE
by Bravetotrade
7
Pel- Something Intresting.Pel is one of those stocks who has not participated in the entire rally. And it was in a down trend for very very long time. After long long time it is trying to break previous swing high and is creating a W kind of pattern on weekly chart. Just look at those volumes which was being generated since quite some time. In daily chart it has tested its resistance 5-6 times already. what will be interesting is if this stock consolidates for 2-3 days at this level then it can lead to some quick movement. Keep an eye folks. Fingers crossed. Do not take trades blindly. Do your analysis and act accordingly. I am not SEBI registered. Trade with your own risk and trade with caution.
NSE:PELLong
by LearnersParadise
2
HINDUNILVR | At long time trendline supportHINDUNILVR | At long time trendline support, very important level and looks W Pattern to my eyes. CMP : 2026 SL : 1930 Target : 2400 Almost 1:4 risk reward (P.S : Have shared atleast 110+ charts in tradingview community and i used to put a google spread sheet link where i have the records analytics i post with the live status. But due to tradingview rule they removed all my charts all of a sudden. Hence i lost almost more than 65+ charts shared earlier. However i will continue to share the charts in future without link by abiding to the platform rules.) Those who wants to track those calls just message me through the platform.
NSE:HINDUNILVRLong
by srikartiram
8
Axis bank found "W" pattern in it! let's see what will happenHello Trader's hear is the chart of Axis Bank key points positives -found "W" pattern -almost ready to breakout -9&18 EMA Crosse over -BB is positive key Negative points -volume's are decreasing -all momentum indicators shows Divergence -RSI ,Macd, Momentum indicator etc conclusion: - volume is decreasing if volume come with breakout then we will enter in this trade unless wait for retest and then enter in it. stay updated , stay healthy>>>
NSE:AXISBANK
by marketmakers365
PVR - Ready to watch some action and have some fun One of my favorite stocks. Do not know why but always find this one interesting and this stock has never left me empty handed either in intraday or in swing. Lets look at some views now. Weekly Chart Pattern View:- An ascending triangle in the formation and stock has been making higher lows beautifully riding on a trendline. Price Action View:- A clear fall and attempt to rise and failing and again trying to rise is making a perfect W pattern. and at current position it has already reached it's neckline. On main graph it is clearly visible that price is testing 1500 levels again and again. Already tested it thrice. Now the best part is stock is already consolidating since last 2-3 days so if it goes up from here it can give some good move as all the new positions must be build & along side lots of stop losses will hit too. One more thing i forgot to mention:- Checkout the volumes in weekly timeframe. Question is what was the last time when you saw this kind of volume? Keep an eye ladies and gentleman. Cheers and Happy Trading.
PLong
by LearnersParadise
8
GAIL INDIA LTD- W PatternGAIL India Ltd daily chart shows a beautiful W pattern. It is likely to follow the W pattern. The dotted lines shows the probability of the movement. If everything falls in place, it might complete the W pattern. A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. The double bottom looks like the letter "W". Can go long with trailing stop loss. Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
NSE:GAILLong
by Vishakha_Nanavaty
2
KEI Industries-W patternThe KEI Industries chart is following W pattern. I had prepared KEI International chart on 18-11-2020.At that time, price was 365 and today it is 424 which is ~16% rise in just few days. (I am unable to attach png file of 18-11-2020 chart of KEI Internatioanl here. Do let me know in comments if there is any way for that. I used to save all the charts in png format previously. Recently started publishing here).It has beautifully followed 'W' pattern in the chart. The W target has been achieved here. Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Happy investing :)
NSE:KEILong
by Vishakha_Nanavaty
Care Rating-A buy in All time frames?This stock is very interesting for me. Why? Let me explain Let's start with monthly chart. Last time it touched 200 level it bounced back like anything and again it touched level of 200 and this time also it failed to break those level and more interestingly it created a W pattern with Double bottom in longer term as well. Let's look at weekly chart now. A clear W pattern here as well along with all those volumes generated. I don't really think that retailers could generate that kind of volume until someone big is buying heavily. And finally on Daily Chart it has already touched 450 levels multiple times and and it made that resistance weak with every touch. Hope for a good buy. Keep an eye folks . Cheers and Happy Trading. Disclaimer:- Trade with your own risk and trade with caution.
NSE:CARERATINGLong
by LearnersParadise
26