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...
# Philips carbon is showing strength near support level 217. # Positive RSI divergence can be seen in the month of November and December. # A bullish chart pattern inverted flag pattern formed at important support level 217. # Breakout above 235 can give a new buying opportunity for target 277. Buy Above 235 Stop Loss below 216 Target 275
Short term rounding chart pattern formed in hourly time frame. Please wait for breakout above 201 then buy for first target 230 and one can expect to achieve our first target by December 28, 2021. If our first target achieved successfully and price break 230 on closing basis then one can expect to achieve our second target 270. Timeline to achieve our 2nd target...
Bitcoin formed a bearish reversal chart pattern called double top. Double top chart pattern is completed in five weeks and also got price and volume confirmation. Sell below 57800 Stop Loss 67500 (SL above shooting Star) Trail SL 61200 (If price goes below previous low dated 22 Nov 2021) Target 48000
Shooting star is a single candle bearish reversal formed at the top. Previously shooting star formed in the month of January 2021 but unable to reverse the trend. This time scenario has changed, if we observe chart structure then definitely price is moving up but volume is going down, volume did not confirm the price rally. Closing below 17400 confirm the bearish...
Nifty reached on crucial support zone 18100-18000, nearby support nifty formed hammer a single bullish candlestick pattern. If nifty sustain more than 15 minutes above 18150 then high probability to achieved 18300 and next target would be 18600. From current level risk reward is not favorable, so not recommended to enter into new trade, but if you hold any long...
EURINR is in downtrend from last six months and if we observe price action closely then we found morning star at the bottom. 85.50 is a very good support zone where you can add on dip. 85.50 is a strong support zone where we see good demand and price rise earlier. Now we can say that history repeats itself, its a high probability that price can go higher as per...
JPYINR started falling after the formation of double top @ .7175 level. It is in downtrend forming lower high and lower low. But If we analyze the current chart structure then we found double bottom chart pattern and bullish engulfing at second bottom. It is a good time for accumulation. If price sustain and go above 20 EMA then we can expect to touch or cross...