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In the context of the weekly timeframe, we observe a significant development: the breach of the 2021 trendline. Subsequently, the price has successfully undergone a retest, a crucial aspect in technical analysis. What adds to the bullish outlook is the presence of a bullish harami pattern at the bottom of this retest. A bullish harami pattern is a two-candlestick...

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IRB Infrastructure stock has successfully shattered a two-year-old trendline, setting the stage for a potential surge towards the 150 level. I've also outlined a secure target, with all pertinent levels detailed on the chart. The future of IRB Infrastructure appears promising with this breakout, presenting an optimistic outlook for potential gains.

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This stock has climbed above a price it struggled to break in 2019. It took some time to stabilize just below this price before making the move. It looks like it could reach 335 in the near future, which could be a good investment. But be sure to set a stop-loss to protect your investment in case things don't go as planned.

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Let's break down each point and explain them ::::::::::::::::: Happy learning **Basic Concepts:** 1. **What is RSI?** - RSI is like a traffic light for stocks in the Indian market. It tells you if a stock is moving too fast or too slow. If RSI is high, the stock might be overexcited, and if it's low, it might be tired. 2. **Calculation of RSI:** - RSI is...

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Hello fellow traders, Tata Steel recently experienced a breakout from its established trend line a few weeks ago. Currently, it appears to be retracing towards the ascending trendline from above. This retracement could present an attractive buying opportunity for investors. Additionally, on the price chart, Tata Steel has formed a symmetrical pattern. This...

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Wipro look good. as its on support level if its break downside then sell for the support based target. Downtrend will be continue until Diwali festival as per my view.

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The bearish flag pattern is a technical analysis pattern used in financial markets, particularly in stock, forex, and cryptocurrency trading. It is a continuation pattern that typically occurs within a downtrend and signals that the price is likely to continue moving lower. The bearish flag pattern is characterized by a sharp, significant price decline (the...

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As someone who trades options and is part of the trading community, I've learned that being successful involves two main things related to price action. The first part, which makes up about 20% of it, is all about understanding patterns, market trends, and support and resistance levels. This is like recognizing the different shapes and structures that prices make...

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The Banknifty recently completed a consolidation phase, forming what appears to be a bullish pennant pattern on the price chart. However, it's important to note that the presence of this pattern alone doesn't guarantee an upward price movement. It is crucial to consider that the market may experience a price correction around the 44730-44750 range, which is a...

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#Based on my analysis, we've identified the utilization of Elliott Wave Theory concepts, encompassing Waves 1, 2, 3, 4, and 5, along with the corrective stages represented by Wave A, Wave B, and Wave C. #The market is currently in a position where it could potentially initiate a new bullish impulse, characterized as Wave 1. #This bullish move is contingent upon...

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First trade for small Target then resistance will work as support trail your stoploss accordingly and go for 235 level.

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All the levels are mentioned on chart For Education Purpose.

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Following a significant market downtrend, the current situation indicates a phase of accumulation. We anticipate a consolidation period before a potential upward movement, provided that the support level mentioned in my earlier post remains unbroken. This analysis is supported by the observation that seller volume is not showing signs of significant increase.

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A - The market commenced the day with a gap-up but was unable to maintain its position above the trendline. B - Operators entered the market and orchestrated false breakouts above the trendline to ensnare unsuspecting buyers. C - A legitimate trendline breakout occurred with a target set at 44450, and this target was successfully achieved. D - Following this,...

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Good Support Zone, A safe area where it's smart to buy for investors who like to purchase when prices drop.

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We should consider a time correction following the breakout at the 1770 level before considering a long trade. If the market opens with a gap-up, we should contemplate a short trade with a target set at 1770.

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Yesterday, the consolidation phase for BankNifty came to an end, signaling a potential breakout. To consider a long position, it's advisable to wait for a breakout above the resistance level. Conversely, for a short position, it's prudent to wait for BankNifty to breach yesterday's low. Refer to the chart for a clearer understanding of the situation.

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The stock has recently experienced a significant breakout from its 10-year-old trendline and is currently in the process of testing a robust support/resistance area. Consider initiating a buy position if the stock closes above 103 on a daily basis, while also closely monitoring monthly closing prices for potential positional targets at 115, 125, and 135. It's...