Time Frame – Weekly
* Descending right angel broadening wedge pattern breakout with good volume on weekly chart above 140
* Trading in parallel channel
* Monthly breakout on chart
* Gap resistance near 237-225
Resistance – 175 / 210 / 237 / 255
Support – 140-133 zone & 105-115 zone & Weekly 200 SMA
RELIANCE INDUSTRIES - 4 Hour Timeframe.
Reliance industries forming inverse head and shoulder pattern, in 4 hour timeframe.
but this pattern needs to take a retest at nearest support area which is at 2650. after taking support if stock creates strong bullish candle then it will be a good Long trade.
Bajaj Finserve Cmp 1639 dated 1-2-2022
1. Taking support @ support Line & taking
2. GOOD RRR.
3. RSI Reversal
Buy @ Cmp for target 1675-1700-1750-1785 SL 1600
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational...
01 Dec 2022 DLF
Stock BO today from the previous 10 months rejection levels in 400-415 zone, which is supported by volume.
In Play : HH-HL
- Stock BO from 10 months 400-415 zone
- BO with Volume
- TL BO : Confirmed
- Above POC
- Text Book Head & Shoulder Pattern
- 519 is 13 Year SH ‘’STRONG RESISTANCE’’
- CMP 412.70
- Long Positions can be...
1. Breakout in Symmetrical Triangle Pattern
2. Last 3 Candlesticks strong with bullish formation
3. Support near 105-102 level (Swing Low)
4. Resistance near 115-130 levels (115 level formed by Symmetrical Triangle)
5. Support near 100 level (Swing Low)
TCS has given a breakout today & it's also at a good level to catch
Why TCS over all other IT Stocks NSE:TCS
When all others were in sell-off facing selling Pressure. It was the only standing man. Where the candles were forming was quite demanding.
Similarly, I've told some stocks in the Nifty Infra setup NSE:ULTRACEMCO NSE:GRASIM
Time Frame – Weekly
* Cup & Handle pattern breakout above 37.20 with good volume on weekly chart
* Trendline resistance breakout on monthly & Weekly chart
* RSI Trendline Break
Resistance – 50 / 62 / 75
Support – 27 – 24 zone
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst....