1. Ascending Triangles - Weekly time frame ( March'22 to till date)
3. Retest Previous ATH Level, highlight with yellow color
4. 3 White Soldiers - Weekly time frame, depicts high bullish sentiment.
Nifty to reach 23k in next 12 months.
Daily time frame;
Regression Channel breakout Indicates Change in trend
Weekly time farmes;
Bullish Kicker candlestick signals reversal from the yellow support line, which was drawn from two prior tops (Oct'21 & Nov'22), which provided support as projected
1. Resistance, 19600
2. Support, 19200-19250
1. The exhaustion gaps marked A, B, and C will provide substantial support.
2. The index is finding support at the extended line from the previous tops on October 21 and December 22, as indicated by the yellow line.
3. The index is moving in a descending channel, which is identical to the trend we saw when it was heading upward.
As we indicated in the previous...
Analyze the time frame:
Monthly : Candle engulfing
Weekly: Black Crows
Daily: Lower lows and lower highs are formation
1. Closed below 19375, implying negative
2. Exit the regression channel
3. A decrease in relative strength.
The triggering factor is,
1. 33/50 stock decrease.
2. The banking industry is the most
1. Triangle breakout with Volume and Relative strength is in a bullish trajectory
2. Price target estimated about 195 to 205 by next 3-4 month
3. Some pullback is expected at the current price
4. Strong fundamental and Valuation of the stock
5. Target price is overlapping with the previous trend of the stock.
***I am NOT a SEBI registered advisor or a financial...
Who should use this?
Larger time frames are used by swing traders and long-term investors who are interested in the overall trend and direction of the market.
Broader Perspective: They help traders and investors to see the overall trend and direction of the market over a longer period, which can be useful for identifying larger price patterns and...
1. It occurs in an uptrend.
2. The pattern is characterized by 8 candlesticks with higher highs.
3. Closed off the candle should be above the previous candle stick body
If this occurs, there are more chances that there will be a rise in Prices. If the Close is below the Top of the Real Body of the Previous Candle , there are more chances that there will be a fall...
Nifty is heading towards the next resistance 18100-18200 range. It has given regression channel breakout with strong relative strength to the weekly time frame and it came with a strong gap-up opening.
Now the price is likely to settle at over 17600.
For the next 1 or 2 days small daily candles may get a form if there is any uncertainty related to price sustenance.
In this pattern bulls begin to take control but cannot entirely overwhelm the bears.
First, it causes a pause in the price’s downward progression, as indicated by the three short green candles.
Then bulls, however, go out of fuel and are overtaken by the bears. The long red candle at the end of the pattern completes the pattern by closing below the level of the...
The piercing candle, developed on the weekly time frame, depicts support.
While on the Daily time frame, the candle is at downward resistance. It is likely to give a breakout.
Looking at the price structure it is expected to remain range bound for this month 17400 to 18300 range.
The range is drawn with the help of trendlines.
It is highlighted with red and green color, red being the resistance range and green being the support.
Relative strength is gaining but there is one catch,
This indicator works on the relative price of the past few days whichever is set as per the preference. If you see the past few months BTC is in the...
It has been observed only once before this, it was seen last time in the 2008 crisis.
This could be an alert ⚠️
The regression channel is still intact, price is trending within the channel.
The previous low of 10440 could offer support, below that things could go worse
The price has come out of the regression channel and took a bearish path.
Considering the price pattern structure, it was expected the market to spend some time around important breakouts, this time it was about price sustainability over ATH, as we broke the previous high of 18600, it was expected the price behavior to become sideways, this is a usual phenomenon...
It seems to be a major reversal pattern since a downfall. Through the volume, you can grasp the accumulation of supply, it has been absorbed a lot.
Exciting to see how it unfolds because it has taken thin support at the 19000 level.
Considering the current dynamics, it may go up till
24000-24300 range, then it could face some resistance.
Need a strong stimulus in...
There is an interdependency between them but not to the extent, that people considered it to be.
Indian IT stocks have shown much resilience and hold their position better despite the sharp fall in the US market.
There are a few challenges to this sector
3. Fear of recession
In case of recession, it will be beneficial for western...
Last week, we saw a huge sell-off, that resulted in the formation of a shooting star. Such a pattern has major implications if it is seen at top of the trend. It depicts sentiment reversal.
Last, to last week we saw a dark cloud formation, now the following candle is a shooting star.
It clearly shows the overall sentiment.
Same thing you would observe if you see,...
It is formed by two candles, the first candle is bullish candle which indicates the uptrend.
The second candle is a bearish candle which opens gap up but closes more than 50% of the real body of the previous candle which shows that the bears are back in the market.
Pattern has created the range of 17500 to 17900.
Bulls are again trying to take control....