Cfa_Arvind

Cfa_Arvind

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 ...

Cfa_Arvind

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...

Cfa_Arvind

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...

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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...

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Waiting for breakout

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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)

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Axis Bank ki journey Shooting Star se Hammer tak ki

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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)

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Short Sell Bajaj Finance below 4660 on closing basis Stop Loss 4760+ Target 3770

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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

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The reversal in structure of the primary trend occurred after nearly 12 long years, with prices sustainably breaking above the falling trend line.

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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.

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Bajaj Finance Buy Above 5570 First Target 5800 Second Target 6000 Final Target 6200 SL Below 5500

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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

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DJI Short Sell below 31800 Stop Loss 32170 Target 30000

05:37

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DJI Short below 31800 SL 32170, Target 30000

Cfa_Arvind

JSW Steel - Double top formation and Negative Divergence found at the same level. It indicate that price will correct up to Rs 315 or FR Level 38.2%. Most of the pattern, divergence and candle confluence that JSW Steel will fall. If we understand candlestick carefully then we can see rejection from the upper level and formed candlestick pattern like shooting star,...

Cfa_Arvind

Classical Head & Shoulder chart pattern formed in Bata India and it takes 3 months to complete the pattern, now waiting for the neckline break down below 1450. Please read carefully head pattern formation of this chart. Price is declining from head after important candlestick pattern formation like Hanging Man, Shooting Star/Gravestone Doji and finally cross...