Descending trendline breakout, Keep an eye on the capped resistance. Breakout of the neckline(34,355) will trigger the harmonic patterns. Seems as if we're going to ride HH-HL
Multiple touches on ascending trendline. Breakout at year long resistance. Taking support at Fib 0.618 level. Bullish Flag Pattern formation. Expecting targets of 1475 and 1529.
Symmetrical Triangle formation in an uptrend can be perceived Continuation of the trend expected till 122-125 .
Ascending trendline intact with multiple touches. Bullish Bat pattern can be seen. Breakdown of the trendline would be a different story, But till then View is Bullish
Multiple touches on ascending trendline, Breakout at year-long resistance with supporting volume. Bearish Crab Reversal. Retracement can be seen towards the breakout zone. Targets of 44,46 can be seen in short-mid term.
Nickel can be perceived as long for short term towards the range of 1260-1300 completing the Wave C of 4.
Multiple touches on ascending trendline, Parallel channel formation, Breakout on verge. Targets of 218,229 and 239 might be seen.
Descending Trendline with multiple touches. Breakout of trendline with retracement and ascending in place. On the verge of breakout at resistance.
INVESTMENT TRAPS- Anchoring Bias Describes the tendency to only rely on top piece of information and getting anchored to it while decision-making. It causes a lot of oscillation and hinders the decision-making ability. For instance- You had a good return on a stock in the past, your perception on the future returns would be similar, even when the prices might take...
A break above the descending trendline (Resistance) would target new longs!
Triangle formation Completed, Expecting continuation of uptrend with targets of 1650-1669.
Multiple touches on ascending trendline Descending triangle formation ( For completion-Expecting support at fib 0.618 and 0.786 levels) On Account of support, 253,259 and 268 can be targetted.
10 Months old range Breakout with high volume, Currently in retracement phase. Swing trade opportunity for targets of 158,162,167 and 171.
Price Volume Breakout, Now at current resistance. A break beyond it can target 75. Might even retest the Breakout level and then go further. Varied possibilities: Keep an eye.
Parallel Channel Breakout along with pennant formation Testing fibonacci 0.5-0.618 levels Pennant Breakout would climb upto the targets of 91 and 93.
Parallel channel alongwith Accumulation phase going on Expecting 150+
Ascending trendline with multiple touches, Price and volume breakout at resistance (146) Rangebound over a month, A good bounce from demand zone can yield upto 170+
Ascending trendline with multiple touches Price volume breakout at 2-year long resistance Expected targets- 152 and 165.