Get started

Wpattern

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
HDFC Bank form Bullish W or Double Bottom PatternHi Traders, HDFC Bank Forming Bullish W or Double Bottom Pattern can go Long on every dip. Bullish View on stock due to below point: 1) Stock forming Bullish W Pattern . 2) Stock was taken support at 2150-2160 zone & bounce with Good volume [ Avg volume greater than 20 day ]. 3) Bounce happen from support was Big Green Candle 4) Stock Moved above 200 sma (Golden Crossover) mean stock is in bullish zone. What indicator are suggesting: 1) RSI moved above 50 & Advance breakout from previous high which mean bullish in near term.(See the chart) 2) On Balance Volume has given Advance Breakout .(See the chart) Happy Learning ); Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
NSE:HDFCBANKLong
by karanwealthape