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)
Bullish Engulfing candlestick found near the support zone 6400 Buy Above 6625 Stop Loss 6400 Target 1 6950 Target 2 7300 Target 3 7800
Head & Shoulder chart pattern formed. Waiting for the breakout downside. Sell Below 1800 Stop Loss 1905 Target 1 1700 Target 2 1600
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
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 ...
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...
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...
Overall chart structure of Titan is bearish but somehow manage their price at higher level. If we analyse chart structure then we found Double Top formation along with three times bearish candlestick patterns - like Shooting Star and Evening Star (Twice). Highest high of evening star acts as a resistance and this high becomes double top. If we study the price...
Waiting for breakout
Adani Port - If we forecast the current structure then it will formed Cup with Handle Pattern. Positional Buy after completion chart pattern Buy Above 751 Stop Loss 727 Target 1 800 (Book Partial between 795-800) 800 is a psychological number Target 2 807 (Target as per measurement rule and also note that 807 will act as resistance)
Axis Bank ki journey Shooting Star se Hammer tak ki
SBI Short sell active below 900 on closing basis Stop Loss 995 First Target 770 Final Target 700 (exact target as per measurement rule is 690)
Short Sell Bajaj Finance below 4660 on closing basis Stop Loss 4760+ Target 3770
Inverted Head & Shoulder pattern formed in Silver on hourly chart. Buy above closing 65500 Stop Loss 64500 Target 1 66500 Target 2 67000 Target 3 67700
The reversal in structure of the primary trend occurred after nearly 12 long years, with prices sustainably breaking above the falling trend line.
Bharti Airtel Wait N Watch Price has breached 61.8% Golden Ratio of Fibonacci Level Flag Pattern formed only waiting for the breakout Expectation price may fall down further because Flag pattern is a continuation chart pattern and also getting confirmation from Fibonacci Level, if price fall below 61.8% expected that price will continue in the same direction.
Bajaj Finance Buy Above 5570 First Target 5800 Second Target 6000 Final Target 6200 SL Below 5500
Bandhan Bank - All moving averages 20, 50, 100 & 200 EMA consolidate (Sangam of Moving Average) @ Rs 350 If price break previous range box barrier 362 then very good upside potential of 20-25%. Buy Above 368 Stop Loss 348 Target 420-440 One can start buying at current level @ 350 with SL 347