Tata chemical is preparing for breakout in upcoming weeks due to following technical reason: 1) Breakdown failure of M pattern 2) Previous resistance for breakdown will act as support now 3) Asymmetrical tringle pattern formation 4) On Daily candlestick chart trading above 20,50& 200 ema On Weekly candlestick chart trading above 20 & 50 EMA ...
Tata motors has been consolidating in range for last two weeks. Expecting a breakout next week due t following technical reason: 1) Swing Low range are shifting upward 2) Inside bar candlestick pattern on weekly 3)Trading above 20 & 50 EMA On HOURLY chart 4) Break away gaps are pending to be covered 5) Bullish Spinning bottom candlestick on weekly chart (Note:...
Cummins India is looking for breakout due to following reason : 1) Swing Low are shifting upper side 2) Double Bottom pattern / W pattern 3) Ascending Triangle pattern formation 4)Trading above 20,50 & 200 EMA on daily chart (Note: I am neither responsible for anyone's profit or loss nor I'm a sebi registered RA, this only for educational purpose. Please do...
Adani has been accumulating for last 3 months expect it to move the advancing stage in upcoming weeks due to following reasons: 1) Double Bottom/W pattern Formation 2) Swing low are retested, Trendline are broken 3) Consolidation over last 3 months 4)Trading above 20,50 & 200 EMA on daily chart & weekly chart 5) Also a parallel channel break out 6) If switch to...
Tech Mahindra can correct itself due to following technical reason: 1) DoubleTop Formation/ M pattern 2) Swing low are broken 3) On Daily chart trading below 20 EMA On Hourly chart trading below 20 & 50 EMA 4) Tried breakout yesterday failed today marubozu seller on daily candle representing seller's in control 5) Can correct further since...
Expecting some momentum due to September month expiry closing in larsen & tourbo due to following reason 1) Long wicks currently indicating sellers are in control 2) Shooting star candlestick 3) Inside bar Candlestick pattern (Whichever side it breaks this will be directional) 4) Since monthly expiry expecting some momentum (Note: Author is neither...
Tata steel might give breakout due to following technical reason's: 1. Double bottom formation 2. Trading above 200 & 20 EMA's 3. Symmetrical Triangle formation 4. Swing Low's are not broken 5. On Monthly pin bar formation, weekly double pin bar break out on progress (Note: Author not responsible for anyone profit or loss, nor a sebi registered RA,...
Bank Nifty might give some correction due to following technical reason 1)Swing high are shifting and swing low are being tested 2)Triple top/ Double top Formation on 15 min chart 3)Trading below 20 EMA on 15 min (Note: Author is neither responsible for anyone's profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own...
PNB Gilts might correct in recent days to come. Here are the technical reason : 1)Trading below 20 EMA & 50 EMA on daily chart 2)Head & Shoulder Pattern formation on daily chart 3)On Monthly chart it's negative with 117.8 as last month low(August) which is an important support level. (Note: Not responsible for anyone profit or loss, nor a sebi registered RA,...
Kotak Bank is stuck in parallel channel range for awhile & might make a move in coming weeks due to following reasons 1)Trading above 20 EMA & 50 EMA on daily chart 2)Inverse head & Shoulder formation on weekly chart 3)Double Bottom pattern formation on daily chart 4)Swing Lows are not broken on weekly (Note: Not responsible for profit & Loss nor a sebi...
Bajaj auto can be shorted due to the following reasons 1)M pattern formation on daily chart 2)In parallel range 3)If Breaks support zone then favorable RR 4)20& 50 EMA on an hourly chart is about to have crossover
Crude oil has formed based and will travel further north in coming days due to the following reasons 1)Base formation or consolidation for quiet few weeks 2)20 EMA & 50 EMA crossover on an hourly chart 3)Lows not broken, swing high is taken out 4)W pattern Need to patiently hold & wait, might see bigger target (FOR EDUCATION PURPOSE ONLY)
We can anticipate a breakdown in the Asian paint, if there is rise in price of crudeoil. When the price of crudeoil goes up it inversely affects the prices that are dependent to it .Here is the comparison and reasoning for anticipation for breakdown : Crude may rise up significantly with time 1) Global sentiments : Negative(EU oil embargo from Russia, China...
Price has been trading in the range forming an ascending triangle . The price has been squeezed & there is also a gap between two ranges . Short Term Long .
After long period of accumulation in a zone the stock has rallied upside. With double bottom the stock is preparing for breakout phase. It might rally up if the neckline is broken.
Tata steel forming an inverted head & shoulder pattern, if the base line of the pattern is broke we can expect 1 to 2 % up move. Higher low is not taken out, so trend is on upside. Potential retest pending of recent high.
Tata motors has formed double bottom pattern and trading around neckline. A retest in neckline area would be ideal entry point and confirmation. It can move further north in upcoming days if nifty stays green. (Education Purpose. Consult your advisor before taking trades)
HDFC bank forming a head & shoulder pattern. It has tested the neckline and corrected from there . One can get the depth of right shoulder as swing target on short term basis. On long correction it will take time but it might correct . (Education purpose. Consult your advisor before taking trades)