The 'Bullish Triple Formation' is a pattern in which two large bullish candles appear, separated by three small bearish candles. These three bearish candles make new lows and are contained within the body of the first large bullish candle. This pattern occurs in an uptrend and is interpreted as a correction of the trend after an upward impulse, indicating a...
Honeywell International is trading in a symmetrical triangle channel and needs to breakout on either side to confirm the trend.
On upper side breakout - target is 250+
On lower side breakout - target is 150-160 approx
This is long term view 1- 2 years.
Note - Trade only on monthly final closing basis else you may get stuck in false breakout.
Few months back it hits it lower support level of 88 and broken out of long term resistance level.
Now the long term targets are 150 - 175 - 190 - 210
View is for next 2-3 years.
Natural Gas has shown clean 5 wave rise after making bottom with a ending pattern of ABCDE triangle now equality levels for wave 1 & 3 is at 3.35$ but looking at strength it could extend till 3.9$ conservative SL 2.55 CMP 2.74
Charts for Educational Purpose only.
NASDAQ moving well within the Channel & Levels mentioned.
No Major correction just normal running correction for 1-2 days & Then upmove to start again.
Time to Accumulate IT at lower levels for long term gains.
Happy Investment.
The index is exhibiting the bearish divergence on the hourly timeframe. It is already quite extended and is also now forming dark cloud cover candlestick pattern which is a bearish pattern. There is also a resistance here on the daily charts. All put together looks like a good short sell.
after major results in top companies we got to see price making lower low and lower highas it is indicating the start of correction.
KEY LEVELS -
14200 - 14125 - 14080
on this level we should look for choc from bearish to bullish by price making higher high and higher lows
