CannySunny

CannySunny

Positive divergences in both the RSI and MFI at the bottom of the Parallel Channel. Reversal just at the 200 EMA adds on to the conviction.

CannySunny

Just a pattern that I feel is doing well. A double Bottom pattern forming at the bottom of the channel. Good ascending Relative Strength

CannySunny Updated 

Simple Price Action With a bullish divergence in both the RSI and MFI, I expect the stock to touch 17 sooner than later.

CannySunny Updated 

Self Explanatory

CannySunny Updated 

Travelling in the Parallel Channel. Breakout from the Flag pattern. Expecting a good move here.

CannySunny

A Cup and Handle pattern being formed inside the Parallel Channel. The Cup made double bottoms and not its the handle that has repeated that. ***** Help Me to Help Us. Always keep a stop loss to rescue you out of troubles. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that...

CannySunny

Yesterday , Nifty took support exactly as per the daily chart that I shared. It's time to grab your stocks. On the 15mins chart the open today was above the resistance trend line and see how it took support on the line. The 20 DMA is ascending now above 14390 so I presume any pull backs should take support at 20 DMA and rise again. Also I see a bullish...

CannySunny Updated 

Technically it is a Triple Breakout at the same point. Breakout from : - Rising Wedge - Inverted Head and Shoulder - 200 EMA

CannySunny Updated 

Anticipating a breakout from a Symmetrical Triangle Pattern while it moves along the Parallel Channel.

CannySunny

Based on my analysis of the chart, I believe Nifty may take support around 14300 levels and then bounce back. Don't go aggressive on shorting. If Nifty closes below the intersection of the 2 channels i.e. 14300-14290 and sustains below for a couple of sessions then we may see a bigger fall ( possible if globally corona scenario deteriorates) but indications...

CannySunny Updated 

Further fall or Reversal? Let's see. Currently Riding the lower Bollinger Band ...... Might take support at $1560 / Oz.

CannySunny Updated 

A Bullish Divergence A Morning Star / Bullish Abandoned Baby candlestick. A Double Bottom

CannySunny Updated 

- A breakout from the Rising Wedge on Weekly time frame with volume. - Relative Strength beating the index.

CannySunny Updated 

A correction would be expected only when Nifty closes below 14190. Expected supports are highlighted in Red dotted lines

CannySunny Updated 

Self Explanatory

CannySunny

A hammer candlestick pattern at the bottom of the Parallel Channel along with a weekly Bullish Hidden Divergence provides an indication towards the reversal of the downtrend. The relative strength is also supporting its cause.

CannySunny

After the Bearish Divergence the stock corrected from 1620 to 1210 and now we see a Bullish Divergence formed at the bottom of the Parallel Channel. A Symmetric Triangle is also formed and a breakout on the upper side is very likely. The relative strength also is turning positive again against its Index. If all goes well the minimum targets as suggested should...

CannySunny

The Relative Strength is better than its market leader Havells India. Awaiting a Multi year Breakout. Inverse Head and Shoulders Pattern is formed and travelling in a Parallel Channel. Very Low risk but the Reward could be very High.