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
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...
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 ...
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...
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)
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.