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Wpattern

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
Timken India- Break and Retest and potential RiseTimken India broke out from its resistance some time back and after breaking its resistance became support and as this is fresh retest it help itself beautifully.(Marked with big circles.) After retest it made a w pattern which is again a beautiful sign that stock does not want to go down. Small circles denote the present resistance at 1130. It has already tested it twice and reached there for the third time. Volume in today's candle is also pumping up. A break above 1130 might give some wings to this stock. Keep an eye folks and Cheers.
NSE:TIMKENLong
by LearnersParadise
Hdfc Life:- Price action suggesting buyPrice action lovers must be watching it like a hawk but we have lot of things to understand. Let's try to understand few... 1. Price action is showing that it has stopped making new lows. 2. Made a W Pattern already(We just need to wait for the neck line break). 3. Taking support at 200 EMA with gap also acting as support. 4. Volumes ? dont forget to look at the towers marked in circle. 1 Question for everyone who generated those volumes? You? Me? someone big? 6. Trendline break with confirmation is necessary. Levels will be plotted on chart. Keep an eye folks. Cheers and Happy Trading.
NSE:HDFCLIFELong
by LearnersParadise
4
Failing W pattern in Shree CementShree Cement is on a clear downtrend. But the W pattern would make one think that downtrend has come to an end as it is a bullish reversal pattern seen at the end of a downtrend. Here's why I'm short: 1) Bearish engulfing candle. (right at important level where if it crosses above, would make one to take a long position) 2) Bearish engulfing candle after a nice bull run. 3) Stochastic RSI overbought. Target: 18000 SL: 20720 I've also given a screenshot of Shreecement in a lower time frame of 15 min, which gave me further conviction to go short.
NSE:SHREECEMShort
by bhagat109
Muthootfin-A great price actionA great price action in the place. All the price action lover must be looking at the important levels. Few points to consider is this stock came for the first time to the support or say gap acting as support along side a break of trendline from top is another signal that it might go up & making a W pattern while going up can be another signal too. But remember folks it can't go up straight in one line so it should hold at this level for some time and after that when it breaks it should go up real fast.. Keep an eye folks. Hope it helps. Disclaimer:- I am not SEBI registered. Trade with your own risk and trade with caution.
NSE:MUTHOOTFINLong
by LearnersParadise
BirlaMoney: Overcame Supply zone ( W pattern trading)A parallel price action zone between 32 to 40.. Price rarely moved out of this zone & any move beyond the zone rejected sharply. There are multiple attempts to cross the 40 but every time rejected violently. Once price fell out of 32 support zone .. It corrected sharply following the bullish W pattern. Now there is another attempt & price is above this zone.. Good volumes are appearing in the chart which indicates this time it could break the barrier, Target would be 52 rs.
NSE:BIRLAMONEYLong
by finalyticsbreweries