Mayank-Pandey

Mayank-Pandey

I posted about an H&S pattern breakout in IndusIND bank hourly chart. Stop Loss has been hit for it.

Mayank-Pandey

A cup and handle pattern has formed in the BEL chart. Pattern is on the cusp of giving a break-out. First target is the depth of handle followed by second target which is depth of the cup. SL is low of the handle.

Mayank-Pandey

Nifty gave a Head and Shoulder pattern in 15mins time frame. The SL for this pattern is generally the low of right shoulder. Nifty has broke the low thus triggering the SL for the trade.

Mayank-Pandey

Nifty has formed a triangle pattern in Hourly and 15mins time frame. Breakout is going to be extremely profitable. Break below recent swing low will create issue as prices may touch 19300 levels.

Mayank-Pandey

Yet another H&S structure is formed in the IndusInd Bank's chart of hourly time frame. In a bull market like the one underway, this pattern has a very high probability of achieving the target. I am going long, are you? PS: This is NOT a trading call or advice. Please do your own research.

Mayank-Pandey

A possible flag pattern in under formation in Nifty daily time frame. This is very successful in Bull market which is underway. Do more analysis at your end and enjoy the learning.

Mayank-Pandey

Last week I posted about a Head and Shoulder pattern formation in the Nifty chart of 15mins time frame. Amidst all the bearishness available throughout the market, this pattern had not hit its Stop Loss which is generally the low of Right Shoulder. Today's swing low narrowly escaped the right shoulder low of 19450. Now, from that low, prices have bounced by...

Mayank-Pandey

Hello Everybody, I am back with yet another Head and Shoulder pattern - long opportunity. Look at the Nifty 50 chart at 15mins time frame. you are going to see the H&S pattern once again. You know what this means—a long opportunity! TGT = Depth of the head SL = Low of Right Shoulder Long term TGT = recent swing high I am going long... PS: Post for analysis...

Mayank-Pandey

I had posted a long term buy opportunity in L&T. Long term because the head an shoulder pattern had formed in Weekly time frame. See how beautifully the stock has touched the target and still running string. Next target is double the first target. I will keep the stock with trailing SL below the 10 monthly moving average.

Mayank-Pandey

Yesterday I posted about the H&S pattern formed in BN. See how beautifully the target is achieved.

Mayank-Pandey

Head and Shoulder pattern has formed in Bank Nifty chart - 15mins time frame. Ideally, there are 2 targets. 1st - the depth of the right shoulder. 2nd - depth of the head.

Mayank-Pandey

The pattern which started weeks back is now about to give the fruit. Look at the chart of L&T. How beautifully the chart broke out of the Head and Shoulder pattern and now is about to give the target. Patience and sticking to 1 pattern is the key to technical analysis.

Mayank-Pandey

Flag pattern in HCL Tech scrip. Long set-up as breakout has happened. Two targets, 1st is the width of the flag and 2nd is the length of the pole. SL is ideally the low of the flag but one can keep a trail of recent swing low as well for tighter stop.

Mayank-Pandey

The H&S pattern formed last year in Q3 and since then it never broke below the Right Shoulder despite the string selling that occurred towards the end of 2022. See how beautifully it has worked out. Nearing targets sooner than later.

Mayank-Pandey

Adani Enterprises is showing a Flag Pattern formation on daily/ hourly charts. Such setups take time to materialise. But, when they do complete and the price breakout sustains, targets are really sweet! Flag Pattern - targets are usually the width of the flag followed by the length of the pole. SL post breakout is the lower end of the flag. At the current stage,...

Mayank-Pandey

I had posted about a Head & Shoulder pattern breakout on Nifty 50 Index. I followed it up with a couple of posts showing how the pattern is working out. Today, I am happy to post that the target of this breakout is achieved. PS: News flow only matters for Intraday players. For positional bets, patience is the key. Learn a pattern, follow it and start preaching...

Mayank-Pandey

Bank nifty hourly time frame. A good triangle pattern formed but broke down like brittle glass just after giving an hourly close above the breakout level. This is a classic study opportunity to understand how breakouts fail. Even a positive close doesn't mean anything unless price action supports it. PS: One can always go short from the low of hourly candle with...

Mayank-Pandey

ABB is showing a range formation on the daily chart. A break-out of this range will give a good Risk-Reward trade. Target is 1 times and 2 times the width of the range. SL is bottom of the range.