Arvind_Share_Academy

Arvind_Share_Academy

>> After strong upside movement in GBPUSD now started forming lower high. >> GBPUSD is taking support near by 1.36, which is also a important level of Fibonacci Retracement 38.2% >> Price start moving up in mid of july after formation of Bullish engulfing but fail to make higher high. >> Price again start moving up by forming morning star near the support of...

Arvind_Share_Academy

Dhanuka Agritech started to fall after formation of Shooting star candle appeared on the top in the month of July. After sharp correction, price are consolidating near the Fibonacci Golden Ratio 61.8%. Small rounding pattern formed at important retracement level and support at round number 800. Rounding pattern at the bottom is indicating the weakness in seller...

Arvind_Share_Academy

Inverted head and shoulder chart pattern formed and today we see breakout of neckline with good price and volume. Price start advancing after formation of bullish engulfing at support level 375. Exponential Moving Average 20, 50 and 200 start converging and try to tight knot at current level from below is a good indication of accumulation and we can expect a...

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Arvind_Share_Academy

LIC Housing Finance - Inverted head and shoulder with rising low. Buy Above 412 Stop Loss below 400 closing basis Target 1 - 445-450 (Minor resistance) Target 2 - 460 (As per measurement rule) Target 3 - 475

Arvind_Share_Academy

We observe the overall chart structure of Tata Motors Ltd is bullish and formed double bottom near the support zone at 280. Primary trend is bullish, and price has corrected sharply and established short term bullish chart pattern "W" Pattern at the bottom. Its a combination of Double bottom and W Pattern. Buy above 308 SL below 279 1st Target 328 2nd Target 357

Arvind_Share_Academy

JSW Steel formed Double Top chart pattern after a long rally. Chart pattern complete in three months time frame. If we observe candlestick chart carefully, then we get variation of evening star at the top of chart. Our view in JSW Steel is sideways to negative. If price goes above double top then chart pattern will not be valid. Sell below 747 Stop Loss above...

Arvind_Share_Academy

Cup with handle pattern

Arvind_Share_Academy

>> Ice Maker making higher high and higher low. >> Hammer candlestick chart formed at second higher low. Hammer's low act as a support. >> Hammer formed at important level like 38.2% Fibonacci Retracement and other confluence is that price is above 20 EMA Buy Above 77.00 Stop Loss 72.90 Target 83.80

Arvind_Share_Academy

>> West coast paper is in uptrend from several sessions. >> We observe W chart pattern on daily basis and also found that today price break the falling window, which is positive for buyers. >> Stock is continuously trading above 20 EMA with substantial rise in volume and RSI above 60 is giving bullish indication. >> If price fail to sustained at higher level...

Arvind_Share_Academy

A hammer candlestick pattern formed on daily basis dated 19.04.21 at the low was an exact level of 61.8% or Golden ratio of Fibonacci Retracement. The low of hammer had been tested but not able to break such level. Sunteck realty shows a good up move with strong volume. RSI indicates strength and add confidence that in the upcoming week price will move...

Arvind_Share_Academy

EURINR is forming inverted cup with handle pattern. Sell Below 88.50 Stop Loss 89.50 Target 86.50 or 86.20

Arvind_Share_Academy

Head & shoulder chart pattern formed. Ready to breakout the neckline. Sell Below 84 Stop Loss 93 Target 1 73 (Runaway Gap fill) Target 2 62 (Support zone) Target 3 55 (Final Target as per chart pattern)

Arvind_Share_Academy

Bullish Engulfing candlestick found near the support zone 6400 Buy Above 6625 Stop Loss 6400 Target 1 6950 Target 2 7300 Target 3 7800

Arvind_Share_Academy

Head & Shoulder chart pattern formed. Waiting for the breakout downside. Sell Below 1800 Stop Loss 1905 Target 1 1700 Target 2 1600

Arvind_Share_Academy

Inverted head and shoulder pattern formed in HCL Tech. Start accumulating share above 915 for the target of 1050. Intraday Buy Position Buy Above 915 Stop Loss 903 Target 930 Position buy above on closing basis Buy Above 915 Stop Loss 895 Target 1 945 Target 2 1000 Target 3 1050

Arvind_Share_Academy

Nifty has showing weakness after double top chart formation. After that selling pressure was seen on chart. Nifty has successfully break support line twice but failed to rally downside. Last day price retest the prior support and then start falling. This time we assume that breakout was real and should try to hit out target. Sell Below 14200 Stop Loss ...

Arvind_Share_Academy

Tri Sangam chart pattern is found in Eicher Motor. 1. Rounding Top 2. Head & Shoulder and 3. Inverted Cup with Handle Multiple confluence hints that if price fall below 2400 all of the above mentioned chart patterns will active and the best part is that targets 1850 are same for all patterns. As per H&S or Inverted cup with handle pattern, SL would be...

Arvind_Share_Academy

In my last publish dated 20/02/2021 on Axis Bank. We are short on Axis Bank after the formation of Shooting Star on weekly candle. We book our profit @ 630 initially our target was 650. If we forecast the current chart structure then it will resemblance of Head & Shoulder pattern. Price is testing the neckline which is also multi year tested support and resistance...