This may give breakout of downward channel and of double bottom pattern is in progress
In my opinion we have to wait for some more correction we may see 1560-1600 levels
This video is only for educational puposes.Its not a buying or sell recommendation
Pure price action with divergence of Rsi.Please let me know if you liked the idea of building a strong team.
Positive divergence can be seen unresolved on daily charts.Price is trying to get stable .Reversal could happen from here.
What a volatile day we had today.As we can se there are two gaps on hourly charts one of which has been filled.Seeing closing of six nifty we may have weekly closing in positive but no one can time the market I would prefer to have bearish earlier half in which the unfilled gap gets filled then strong recovery followed by positive closing.
As you can see the stock is ready for a breakout of a downward parralel channel
This idea was discused by me previously at 800-810 odd levels it made high of 877 , now as we witnessed a steep correction it had able to sustain its chart structure. It's ready to give breakout of an ascending triangle pattern.
This stock is being in cosolidation from long time.Now it has given breakout of descending triangle pattern
This stock has very good fundamentals it is the second largest producer of polymers. It's forming an ascending triangle and may give a break out this week.
Please have a look at the fibonacci levels plotted by me on this chart.I have tweeked the settings in which I get the retracement levls and extension levels simultaneously look how beatifully it stopped at -0.382 levels and faced resistance of -0.236 levels so if it crosses -0.236 levels then we could take entry for first target of 0 levels i.e. 1275.
As it is evident in the chart that this stock was moving within falling wedge and now it has given breakout of falling wedge in the upward direction.
As you can see that this stock has given breakout of inverse head anad shoulders pattern and have also retested the neck line.
This is a stock with good fundamentals available at good levels.Technically the stock has given breakout of a symmetrical triangle.
This stock is ready for a breakout buy and hold it for at least three months for handsome returns.
This stock have great fundamentals and at present made a tripple bottom and also trying to give breakout of descending triangle patterngood stock for patient investors.
A good company with excellent fundamentals,ready for runup is readying to give descending triangle breakout
As you can see it has given breakout of a descending triangle pattern.