NeeteshJain

NeeteshJain Updated 

It is been observed that the price action breaks out from a previously trending Pitchfork channel on daily chart. It is indicating a bullishness in further price action and shall move higher levels if it manages to close above 82 price levels. It can also be called as a short term trend change. Target: 86 Stoploss: 82

NeeteshJain Updated 

It is been observed that the price action breaks out from the consolidation between 5765-5635 levels on hourly chart and now it is heading towards the previous Gap Up to fill the gap. Target: 5500 Stoploss: 5700

NeeteshJain

It is been observed that the price action is trending up and breaks out from the ascending triangle on weekly chart. Now, the target is measured move of the pole. It shall further go up. Target: 10.50 Stoploss: 7.50

NeeteshJain

It is been observed on the monthly chart that the price action is consolidation between 30-15 levels, and now the price action is trending up and reaching to previous resistance of the consolidation at around 30 levels. It shall further provide a big move once it breaks and close above 30 levels. Target: 30 Stoploss: 23

NeeteshJain Updated 

Today, the price action breaks out from the important support level of 46-47 levels that indicating further weakness. Target: 40 Stoploss: 49

NeeteshJain Updated 

It is been observed that the price action forming a descending triangle on daily chart, and now it finally breaks out . from a strong support levels of 8550, indicating a strong weakness and bearishness ahead. Now it shall go further down and shall reach to 8200 levels. Target: 8160 Stoploss: 8690 Risk Reward: 1:3

NeeteshJain Updated 

It is been observed that the price action breaks out from a ascending triangle on daily chart, indicating further bullishness. Now, it shall reach out to the next resistance levels as marked by triangle pattern rules. Target: 57 Stoploss: 49

NeeteshJain Updated 

It is been observed that the price action firstly breaks out from a symmetrical triangle formed on a daily chart. The price action touched the price levels of 915 which was previous support levels and bounced back quickly to 1080 levels which is previous support of the triangle acting as resistance. Now the price action is retracing and it shall go further down to...

NeeteshJain Updated 

It is been observed that the price action breaks below 300 support levels on daily chart and now it shall move further down to the next support levels at 290 levels. Target: 290 Stoploss: 325

NeeteshJain Updated 

It is been observed that the price action is breaking out from the 1350 support levels on daily chart, indicating further weakness ahead. It shall now go further down to next support levels at 1312. Target: 1312 Stoploss: 1385

NeeteshJain Updated 

It is been observed that the price action is trending up, making new higher highs on weekly chart. It is also observed that price action breaks out from a rectangle shape flag pattern. (When the price action breaks out upward against the downward sloping rectangle consolidation pattern confirms a flag pattern breakout). As per the flag pattern, the targets are...

NeeteshJain

These are continuation trend pattern that are found frequently in the markets. I wanted to cover it and share it with you as I found some good charts during my research that are forming such patterns. One of them is Aban offshore, chart link attested below. (I have also provided some examples given in comments box below for your references and goodself.) There...

NeeteshJain Updated 

It is been observed that the price action broke out of the Descending Triangle on daily chart after a short consolidation highlighted in blue. That breakout made a Lower Lows at 453 levels from previous Lows made at 477, therefore it indicated bearishness. Now, the price action has made a New Lower Low at 448 levels, signaling higher weakness and prices fall...

NeeteshJain Updated 

It is been observed that the price action is been trending up in an upward channel. Today, the price actions opens gap down breaking the channel, indicating high selling pressure. Currently the price action retracing to fill gap where there will be a good opportunity to sell it again. Target:1185 Stoploss: 1300 Risk Reward: 1:3

NeeteshJain Updated 

It is been observed that the price action trending up on daily chart and recently breaks out of downward correction channel on daily chart. Today, Nifty corrected on a big move but the price action in this doesn't change. Bulls are in control and dominance in current scenario. It has completed 8 Waves cycle and now moving onto a new impulse wave. It is a good time...

NeeteshJain Updated 

It is been observed on the daily chart, that the price action breaks out from the crucial support levels of 860 indicating further weakness ahead. It is also observed that the price action also breaks out from a long prevailing uptrending channel indicating a massive selloff. It shall further takes the price action down. Target: 839 Stoploss: 888

NeeteshJain Updated 

It is been observed that price action failing to breach 970 levels due to selling pressure that limiting the price action to 970 levels where we could see a double top. Now it is a good time to short it with stoploss at 970 levels. It is also observed that the price action is forming a diagonal on daily chart, where breakout is expected. Target: 935 Target 2:...

NeeteshJain

It is been observed that the price action is trending down in a channel and now the price action has reached out to the crucial support levels of 8540-8570. Further it will be interesting to watch whether Nifty would break out and close below the important support level of 8540. Interesting Watch NOW