Date 06.06.2024 UPL (Day Chart) Forming symmetrical triangle pattern & today taking resistance of 200 ema in confluence with major support & resistance pre covid era. A breakout will be powerful one similarly rejection will be powerful one Wait for it to close above 200 ema for upside swing trade Wait for it to close below symmetrical triangle for downside swing...
Date 03.06.2024 A weak chart, but making inverted head & shoulder with support of 200 ema below right shoulder. Can go for longs once breaks neckline of the inverted head & shoulder Keep 200 ema as stoploss, if slips below it, either exit or don't average Or simply wait for price to break the neckline Regards, Ankur Singh
Date 02.06.2024 Bank nifty Time Frame - Weekly Subject : How to predict next top or next target & where to book the profit/s ? Answer : Make a combination of RSI 76-80 & Fibonacci extension 100% & 161% to book profits or create shorts or wait for it to close below trendline in case of extraordinary gains Answer : Average of 11.88% retracement after reaching...
Date 26.05.2024 Bandhan Bank (day chart) An example of price action, chart pattern & basic indicator that if you watch chart peacefully you surely have some edge Learning never goes waste !!! Regards, Ankur Singh
Formation of descending triangle having ichimoku cloud as range shift is extremely useful for traders. If breaks neckline along with 200 ema then serious drop else if breaks out ichimoku cloud and descending channel then great for long. Do not assume and enter until unless either side of mentioned criteria fulfills
Date 20.05.2024 Tata Consumers cmp 1095 Top out pattern head & shoulder target 955 Don't short if resumes neckline back or above neckline
Date 18.05.2024 If resistance band gets breakout after formation of cup & handle patter, followed by breakout of speed resistance fan will have higher momentum upwards
Date 18.05.2024 Right-angled ascending broadening wedge is a high volatile pattern, easiest way to trade is if cloud breakout long if cloud breakdown then short
Date 16.05.2024 Adani enterprises Rounding top indicating toward some resistance based consolidation for time being & if price exceeds rounding top then strength & in neckline gets break then weakness. Within the rounding cup one should avoid trading positions. Regards,
Date 15.05.2024 Bajaj Auto ( day chart) Kindly see cloud & fibonacci extension for lower levels & double top breakout for upside
Date 12.05.2024 Bank nifty (day chart) After warning of shooting star at life high from where bank nifty slipped around 2600+ points, now bank nifty has retraced to support confluence zone of support & resistance band + ascending triangle base. The risk reward ratio for longs from here quite good, no target specific but can manage position & trail stop loss if...
Date 05.05.2024 Bank nifty day chart, I have plotted and extended internal resistance trendline which is creating ascending broadening wedge pattern & that pattern is getting created during elections. This pattern suggests huge volatility in coming times, neckline is important base for two patterns ascending triangle as well as ascending broadening wedge...
date 03.05.2024 reliance has given breakdown of diamond pattern after topping out at 261% don't be in a hurry to buy
Date 03.05.2024 As mentioned couple of days back over price action, shooting star so far 400 points earned
date 02.05.2024 bank nifty intraday 15 mins chart trade once level exit either side on mentioned pattern
Date 01.05.2024 Cloud/kumo support being flat cloud/kumo within symmetrical triangle is acting as trend shift for the stock since stock is at 61% of fibonacci extension, breakout will be sharp ride since rsi is also rising. Don't short until unless stocks breakdown below cloud/kumo & symmetrical pattern
Weekly, rsi support & channel + closing at baseline with pull back of descending triangle looks swing buy opportunity
Date 01.05.2024 Bearish shooting star, if neckline gets break then bearish trend