Cup with handle chart pattern formed in Aarti Industries. In previous trade we found double bottom and got an awesome trade and now this time cup with handle chart pattern on a daily time frame. Levels are market on chart.
We have seen breakout of downtrend with high volume in BF Investment and also notice higher top and higher bottom indicate trend will remains bullish. Demand zone and psychological level near 300, one can accumulate share from this level and hold for new higher top. Buying Zone 303-300 Stop Loss below 294 (Below 200 DMA) Target 1 325 Target 2 370 Target 3 399
Aarti Industries formed a bullish chart pattern called Double Bottom Morning star formed in hourly time frame on the right leg of the double bottom chart pattern. RSI is above 50, so we can expect a upside move Double Bottom breakout done with higher volume which confirm the upside direction to be continue Price is now taking support of 20 EMA, it is also...
Just like Nifty, Bank Nifty formed a bearish engulfing near top and chances are high that from here prices may reverse. Short Sell Bank Nifty Sell Below 38800 SL Above 39800 Target 1 36000 Target 2 35000
Nifty has formed bearish engulfing on daily basis and shooting star in a weekly chart. Dual bearish candle at downtrend line showing weakness in Nifty. RSI is in overbought zone and now started moving down from above 80 to 70 level. Short term trend is still bullish but below 17700 or breaking below regression line, trend will reverse. Nifty Short below...
CUP WITH HANDLE PATTERN BREAKOUT IN HAPPIEST MIND TARGET 480 STOP LOSS 390
Rounding Bottom Pattern in Graphite India Buy Above 520 Stop Loss 495 Target 780 & 850
We have seen rounding bottom breakout in Tata Motors and then pullback and test the resistance line. The resistance line now become support line (Change of Polarity). On weekly basis we found Hammer Candlestick and if go on daily basis its Bullish Piercing. Both candlestick are good enough to indicate that price will rise from the given support level. Buy above ...
Kotak Bank is at important support level and we got bullish candlestick pattern on daily chart. One can expect that price will rise in upcoming days. There is an immediate resistance of an important down trend line and at this time we expect that trend line will be broke. All important level like buying, stop loss and target are mentioned on chart. Key Levels...
* Bajaj Consumer completed the bullish chart pattern called "Inverted Head and Shoulder". * We got downtrend reversal at bottom by forming "Inverted Hammer" dated 20th June 2022. * RSI above 50 showing strength in price * Price is above 20 period moving average, showing short term trend is bullish. Buy above 147 Stop Loss 137 Target 1 160 Target 2 185
Bullish Flag pattern completed with good volume indicating price may achieved their target as per measurement rule. Moving average crossover done where faster moving average 20 EMA crosses 50 EMA from bottom. It's a bullish sign.
Head and shoulder chart pattern formed in hourly time frame, so we can expect further weakness in Nifty to 16250 - 16200 level in 1-3 days. Once the price break and close below the rising trend line, then we can expect a further downfall 15800.
* Sona BLW precision is in downtrend and recently price reverse from important support level near 530 in late of June 2022. * Symmetrical triangle is a neutral chart pattern but here price formed after a downtrend and price closes last day at the top of upper line, expected upside breakout. * RSI is heading upside and above 50 is showing price strength * ADX...
Graphite India formed a bullish chart pattern called inverted head and shoulder. RSI is above 60 showing strength that price can go up the level mentioned below Buy Above 550 Stop Loss 499 below Target 1 600 Target 2 675
Hindustan Unilever formed double bottom chart pattern and ready to breakout upside. On closing basis above Buy Above 2120 Target 2360 SL below 2030
Kotak Mahindra Bank reached top in the end of October and at the top we found a bearish candlestick called Shooting Star. Price keep on falling after the formation of shooting star and trend is downward - forming lower highs and lower lows. Overall scenario is negative like trend is downward, price is below all major moving average, falling window and so...
Bullish chart pattern - Inverted Head and shoulder pattern formed in Vidhi Specialty. If we observe at the time of Head formation of bullish chart pattern then we found that bullish candlestick like inverted hammer with bullish engulfing. Inverted head and shoulder chart pattern completed on Friday when price pierce the neckline 385 20 period EMA is near by...
Max healthcare formed a rounding pattern on top and breakout above 410, confirmed that pattern will continue upside. After two months of sharp correction, price formed base around 320-330 level and then start moving up making higher high and higher low. RSI above 65 is also the strength. One can make a long position on Max healthcare for the target of 480, with...