About meI love analysing chart patterns, price action and simply trading.
I daily post my chart analysis of potential stocks for the upcoming session on my Telegram Channel- Intraday & Swing Price Action Chart.
After a wild crash and panic sell-off in crypto markets, big institutional investors are dumping Bitcoin and coming back to Gold. After this crash, Gold has given a good breakout from Cup & Handle pattern and bulls looks solid for the upcoming months so GO LONG on Gold! All levels are mentioned on the Chart.
A H&S pattern has been formed in DLF. The stock is currently trading near it's neckline. One can go short as soon as the neckline is breached, below 271.5 and can expect to see the target (marked in the chart) in the coming days.
After an extended downtrend, Tata Consumer has shown bullish strength in the past couple of weeks has been forming higher lows. The TL shown is the only barrier for the stock now. So, one can go long as soon as the TL is intersected at around 638.5 and expect to see 648 levels in the short term and even it's ATH above 551.
Nifty has been consolidating in a rising channel for almost 6 months now and it finds itself near the lower TL, which is being tested for about 4th time now. If this TL breaks one can go short at around 14670 and expect to see 14550 in the short term and even 13600 in the days to come.
IOC has been consolidating in a parallel channel for about a year now and it is now about to give BO. It has also formed a small rounding bottom near the upper TL which is also a bullish pattern. When the Tl gets breached one can go long at 105.5 and expect to see 108.5 in the short term and even 120 levels to be tested again.
After the EPIC 100 points move Tata Motors is ready for it's 2nd Leg. The price has retraced back to the all important 50% Fib level and bounced off from there and has now consolidated for over a week now, typical scenario before a trendy phase. One can go long as son as the upper TL breaks at 335 and expect 363 (-27 extension) as the First Target and even 391...
SRF has been consolidating in a tight range for quite sometime now. It has been under heavy bearish pressure and hardly showing any bullish strength since the last 8 trading days, failing to rise up from the support area. So if the lower TL breaks, one can go short and expect to see 5250 in the short term and even 5050 levels to be retested in the days to come.
UPL has shown some good bullish volume in the last few days and is nearing a two year old trendline. It has also formed a small rounding bottom. If UPL breaches the TL, it would also be the breach of the psychological barrier of 600 level, so one can go long above 601.5 and expect to see 615 in the short term and even 670 levels in the days to come.
Airtel is about to give BO from a symmetrical triangle and continue it's bull-run. Why can this trade be a BOUNTY? Airtel has strongly retraced off of the 61.8 fib level and so for intraday one can easily eye 605.45 levels. For Swing/Positional one can easily eye the -27 extention (643.10) and even the the -61.8 extention (669) in the long term.
TCS has been consolidating in an upward channel for about 3 months now and it is approaching the channel's lower TL. Recently, it has also taken out the lows of previous 9 trading days after long consolidation within a tight range. If the TL gets breached, one can go short to see 3000 levels in the short term and even 2850 in the days to come.
After taking good support from a crucial level, as indicated by the blue zone, Reliance has finally showed some good volume and bull strength and has pushed up, after days of consolidation. Now all eyes on the major TL, which when intersected, one can go long and expect to see 2115 in the short term and even 2300 in the coming days.