Mayank-Pandey

Mayank-Pandey

A triangle pattern BO is seen in 1 hour time frame in Jubilant Foodwoorks stock. 1st target is 500, 2nd is 515. SL is low of the BO candle. PS: I am riding this BO. Will trail SL to Previous Day low once today's candle closes in my favour and keep trailing until momentum is lost!

Mayank-Pandey

W pattern is under formation in Axis Bank - 5/15min TF. I am going long (intraday)

Mayank-Pandey

It's been almost 2 weeks since I posted the Head & Shoulder pattern formation in Nifty Daily/ Hourly chart. Are you witnessing the power of following chart patterns? Friday was absolutely baffling, but if you had conviction in the chart pattern, you can easily make money without hullaballoo.

Mayank-Pandey

The head and Shoulder pattern in Nifty is going strong. I'll keep following the trend without doubting it until previous day low is broken on a closing basis.

Mayank-Pandey

The H&S pattern which I spoke about last week, it is working out brilliantly until now. I'll keep following the trend with SL as close below previous daily candle low.

Mayank-Pandey

This pattern works like a killer in a bull market. Looking at the price action and macro, we can be at the onset of a bull market. So, I am long. Goes without saying that one must have a stop loss in place. For this, I think following the trend with SL as low of the prior daily candle on a closing basis.

Mayank-Pandey

There is an on going chart pattern in the stock Ultracemco i.e., ultra cements This is on a daily timeframe. The projected target is of ~28% out of which 11% is already achieved. One can go long now as well with a strict SL of current swing low.

Mayank-Pandey

Chart patterns work amazingly well in markets where momentum is building. Just like current times where a counter-trend rally is ongoing. I spotted a triangle pattern being formed in hourly time frame in LT. See how beautifully it broke out. I entered when RSI was touching 60. DId test me for a day before breaking out.

Mayank-Pandey

I posted the Head and Shoulder pattern in HSW Steel 60min time frame and see how beautifully the pattern gave its target. Enjoy the learning guys...

Mayank-Pandey

Head and Shoulder pattern in bank nifty - 15mins chart.

Mayank-Pandey

Looking at the price action of Indigo chart on the daily time frame, there is a possibility of Head and Shoulder pattern being formed. This is just an analysis looking at the price trend. The pattern is yet to appear on the charts. Call it my obsession with H&S pattern, I see it everywhere. These days, even before it is formed. Let's see what the future has in store...

Mayank-Pandey

Double Bottom breakout is visible in amarajabat stock - weekly timeframe. Normally such patterns at higher time frames hold a lot of value. The second bottom respected the first bottom which gives more conviction. The whole price action is supported by the announcement made by the management of Amara Raja Batteries of capex into Lithium Ion batteries which are...

Mayank-Pandey

Call me an obsessed analyst but, I simply love Head & Shoulder pattern. They come in my dreams as well. :D Either way, I spotted this pattern in hourly time frame in JSW Steel chart. This one is not entirely bookish but, what is this life is bookish anyway? Let's see if this madness has a reason worth being mad for! Best of luck.....

Mayank-Pandey

A couple of weeks back I shared this idea about Head & Shoulder pattern breakout in L&T on a weekly/ daily time frame. The breakout is now confirmed weekly as well. Ride it. All the best!

Mayank-Pandey

H&S pattern was formed in 5/15mins time frame in Axis Bank chart. See how beautifully it played out. It did scare but didn't close below the right shoulder. Thus SL was not hit and the price then just took off. Lovely to H&S making money for me once again.

Mayank-Pandey

Price has been sustaining above the range high which was acting as a string resistance in the IndusInd bank daily timeframe chart for a couple of weeks. On an hourly timeframe, the trend line drawn has been acting as a good support. One can look to go long given the sector tailwinds with the trend line as SL on a closing basis. Best of luck!

Mayank-Pandey

Kotak Bank has been consolidating since H2 2020. The broad range is 1650 - 2050. With all the tailwinds behind the Banking sector in India and the recent respect of the trend line displayed by Kotak Bank, the chances of price moving out of this range are high. One can go long with an SL of a recent swing low or 1800 on a closing basis. Every dip in Kotak Bank is...

Mayank-Pandey

Today's candle marks the break out of the Cup & Handle pattern in ICICI Bank's daily time frame chart. We may see a couple of days of profit booking due to the following reasons: 1. F&O Scrip 2. Near lifetime High 3. Has been closing in green for 8 consecutive days But, don't fret. Good days are only going to be ahead. I will suggest accumulating on every dip...