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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