NTPC weekly chart shows possibility of W pattern. There is possible up move here following W pattern. Can go long with trailing stop for the target of 145. 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 :)
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...
GAIL 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...
do your study before investing....very safe call SL will be support line
Kindly check the label carefully. Once the stock cross the line we can go long.
The 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 BUY TRADE IDEA POSTED ( LINK SHARED BELOW FOR REFERENCE) POST WHICH NOW ***W*** PATTERN FORMATION ON 15 MN TF - ( HARMONIC PATTERN ) WHICH USUALLY GIVES A FALL ON PATTERN COMPLETION. BASED ON THEORY - SALE WUD BE TRIGGERED @ 630 - 32 LEVEL disclaimer - join you own study to take trade.
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...
INFRATEL | W Pattern and about to take trend line support. Can see 18% CMP : 177 (Buy range 173 to 174) SL : 170 Target : 205
Timken 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...
Price 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...
After almost 2500 points rally price consolidating for the last three months and reached the resistance levels, if breaks this level then it will make new high. Interestingly price is making W pattern and it is almost going to complete the pattern by touching the ATH levels.
Hello Traders Cadila can give good upside if breaks mentioned level. DISCLAIMER { Educational Purpose } All investments involve risk. Please Do your analysis before initiating any trade GOOD LUCK !
NASDAQ looks W pattern. Expecting 250+ points rally if worked good news for NIFTY gap up :) CMP : 11490
Yesterday close is below trendline. Low of right shoulder is the next key level to watch.
Shree 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...