Arvind_Share_Academy
1. Overview Godrej Properties Ltd. has exhibited a significant dual rounding bottom price pattern, indicating strong bullish reversals over extended periods. The first rounding bottom, spanning December 2021 to December 2023, was successfully completed, and its target was achieved according to the classical measurement rule. Currently, the stock is forming a...
🔍 1. Infosys Current Price Range and Key Levels Since January 2021, Infosys has been trading in a broad range between ₹1300 and ₹2000, consolidating for over 4 years. Within this range, there are three key support and resistance levels to watch closely: Support: ₹1300 (major floor) Intermediate Resistance/Support Zone: ₹1600 – ₹1650 Strong Resistance: ₹2000...
🔍 1. Infosys Current Price Range and Key Levels Since January 2021, Infosys has been trading in a broad range between ₹1300 and ₹2000, consolidating for over 4 years. Within this range, there are three key support and resistance levels to watch closely: Support: ₹1300 (major floor) Intermediate Resistance/Support Zone: ₹1600 – ₹1650 Strong Resistance: ₹2000...
🔍 1. Understanding the Triple Bottom The Triple Bottom is a classic bullish reversal pattern that typically forms after a prolonged downtrend or consolidation phase. It signifies strong buying interest at a consistent support level, leading to three distinct price lows (or “bottoms”) occurring near the same price zone. 📌 Key Characteristics: Formation Time:...
Bandhan Bank has recently formed a classic rounding bottom pattern after an extended long-term downtrend, indicating a potential shift in momentum from bearish to bullish. This basing structure suggests accumulation at lower levels and a possible trend reversal setup. Pattern Activation: The rounding bottom pattern has triggered a breakout above the neckline...
1. Bullish Flag with Pole (June–July 2024) Bullish Flag with Pole: A continuation pattern formed after a strong upward price move (the pole), followed by a short-term consolidation (the flag), signaling the potential for another breakout upward. Price Action: Strong impulsive rally formed the flagpole, followed by a tight consolidation forming the flag...
Late Published "Only for Educational Purpose" 📊 Pattern Formation: Bullish Cup and Handle CDSL has officially broken out of a Bullish Cup and Handle chart pattern, signaling a strong technical breakout with high probability of an extended uptrend. This classic bullish continuation pattern took 4 months to form, indicating a well-developed structure with strong...
📊 Pattern Analysis 1. Pole Formation: The initial rally forming the flagpole is marked by high-momentum bullish candles rising at approximately a 60° angle, supported by increasing volume, indicating strong institutional buying and trend conviction. 2. Flag Formation: Following the pole, the stock entered a consolidation phase forming a downward-sloping...
ACE Construction Ltd has been consolidating in a broad sideways range between ₹1,150 to ₹1,600 since February 2024. The price action has clearly defined support and resistance levels, with ₹1,150–₹1,200 acting as a strong accumulation zone and ₹1,550–₹1,600 serving as a firm resistance, where selling pressure consistently emerges. Technical Pattern Observed...
✅ 1. Markup Phase (4 June 2024 – 25 July 2024) Price movement: ~80% rally. 1. RSI behavior: RSI stayed above neutral (never oversold), frequently nearing overbought. 2. Volume: Increasing — confirmation of strong upside momentum. 3. Participants: Smart money and institutions led the rally. 🚨 2. Distribution Phase (~6 Months) Price action: Sideways...
State Bank of India (SBI) has completed the formation of a bullish inverse head and shoulders pattern on the daily chart — a strong technical indicator of trend reversal from bearish to bullish. Neckline Breakout: The pattern has confirmed a clean breakout above the neckline at ₹785, accompanied by rising volume, validating the breakout and signaling that...
Key Highlights: Nifty Smallcap 250 Index ✅ Bullish Head & Shoulder Breakout ✅ Neckline at 15,000 – Critical Psychological Level ✅ Price Trading Above 20 EMA – Short-term Trend Turning Bullish ✅ RSI Gaining Strength – Momentum Supporting Upside Move Chart Pattern Analysis: The NIFTY Smallcap 250 has formed a classic bullish inverse Head & Shoulder pattern,...
PFC is currently in the process of forming a Double Bottom chart pattern at a strong support zone, indicating a potential reversal from a downtrend to an uptrend. The price is testing the support area, and the second bottom confirms strong demand in this region. A key signal for a bullish outlook is the breakout of the minor downtrend line, which suggests a shift...
The ICICI Prudential Midcap ETF is currently exhibiting a technically significant dual rounding pattern on its chart, with one smaller rounding top pattern nested within a larger, longer-term rounding formation. The 21 level has emerged as a strong support zone. A breach of this level would likely activate the smaller rounding top pattern, potentially leading to a...
Nifty is forming head and shoulder top pattern, which can indicate a bearish reversal if confirmed. With the neckline at 24,590, a close below that level would indeed suggest selling pressure. Placing your stop loss above the last swing high is a prudent strategy to manage risk. For the target based on the measurement rule, you would typically subtract the height...
The descending triangle chart pattern in Pidilite Industries Ltd. suggests a potential bearish trend. It forms with a horizontal support level and a downward-sloping resistance line. As price consolidates, if breakdown below the support may signal a further decline, indicating possible weakness in the stock. Traders often watch for a breakout...
BEL has given breakout of bullish flag pattern but concern is deep retracement. Risk reward is not favorable hence we didn't trade in breakout, we will take a trade at retest, if occurred
A Rounding Bottom (also called a Saucer Bottom) is a bullish reversal pattern, typically indicating that the price is moving from a downtrend to an uptrend. Rounding Bottom Formation: This pattern often forms over a long period and suggests that after a sustained decline, the asset is gradually transitioning into an uptrend. The price action forms a smooth,...