A descending triangle appears in Adani Green Energy. This pattern is seen to start with a market high and then the market makes a new low, then the market makes a higher low and a lower high. When the market breakouts the channel, bearish power is seen within the market. The market is likely to make new lows. T 1= 1939 T 2= 1858 SL =2124 Thank you @Money_Dictators
Balrampur Chini has been treading in a channel for a few days. Support and resistance are given by the channel. If we talk about the stock, the bearish engulfing pattern is seen and bearish power is seen forming this pattern. At present bearish engulfing pattern has been seen across the resistance. So the market may go down and a little pullback may also be...
If we talk about Dawat Limited, the market is seen in an up trend and there is a good movement on the upward side as buyers come into it. A channel provides support and resistance and creates higher highs and higher lows. A dark cloud cover pattern is seen and then the market moves to the downside. A level of 108 represents strong support and a level of 134 ...
Daily: Nifty rejected bullish momentum from 200 EMA and closed below 50 EMA. The big candle is evidence of supply pressure. 16841 is the pivot point because it has worked as support and resistance eight times. Rejection of 17841 is a clear signal of resumption of a downtrend. Bulls have to keep prices above this level to overcome supply pressure. However,...
Hello Traders, Today we will talk about SBI Life. We are seeing cup and handle patterns in SBI Life in 4h time frame. And cross the level of 1159 in that then you have to buy and your stop loss will be 1113 . Traget ( 1160 -1168-1180 ). Thank you! Money_Dictators Disclaimer: This is NOT investment advice. Invest your capital at your own risk.
Hello Traders, I am Talking about Bajaj Consumer Limited, a strong support and resistance zone is visible in it in the daily time frame. The market had stopped at resistance with a strong sell-off, then came back to the resistance, that zone is not able to break, then the market is visible on the side zone. Now the market has made a strong hold on the level of ...
Hello Traders, Talking about the share of Blue Dart, an ascending triangle is seen in it. So if we talk about the market, then 7497 was its first high. After touching the highs, there is a continuous decline in the market. After the fall, its support level was 5441 . After touching that level, the market seems to be going up continuously. When the market...
Bajaj auto looks bearish in the daily timeframe chart. On Tuesday, It has given a breakout but couldn't hold the supply pressure at the upper trendline of the correction parallel lines. The breakout became fakeout! Bajaj auto has created a big belt candle and started falling. According to past performance, If the trend is weak, then the price will make set of...
After making a high of 17480, Bajaj Finserv has started falling. Today, It has made a low of 14660 . In 15 min timeframe, we can see a bearish butterfly pattern, which indicates a bearish trading setup for intraday traders. Bajaj Finserv has completed its D point at 15250 . If the price sustains below 15250 , traders can expect the following targets: 15080...