This is just too early to tell, but it seems that market will run in parallel channel. Lets see. This is just a very early view on Nifty 50
It is oversold and at support level. Trade at your own risk
Keep an eye on the break side of this pattern and trade accordingly in the break direction.
We can see the simple support of Trendline being followed, can take a swing trade putting a SL below that line
See the chart, everything is clear ! I prefer a long position with a micro SL Take some risk
Clearly we can see it is in a sideways pattern, wait for the breakout, then trade accordingly. Good opportunity any side breakout.
Any side breakout of this pattern it will be an opportunity to trade.
As the chart, Nifty is sideways, the pattern breakout or breakdown will be the deciding factor to Buy or Sell. IT & FMCG Indices are oversold and might drive the breakout upside in the Nifty. Keep Holding the positions till the breakout or breakdown.
Risk takers can buy Infy with a micro SL below that support curve, as it is in good buying region according to RSI, and there is a parabolic support line too. Caution ! This is only for the risk takers, there are other better opportunities available in the market. This caught my eye so posted. Let's see. If there is one more green candle in this support.. am buying !!
We can see a weekly parabolic support in this stock and currently it took a support this week, am hoping this would reach at least a 1000 psychological level, Can book partial profits or complete then wait for a retracement to reenter.
The chart speaks for it self. keep holding, its in a continuation pattern, might give an explosive breakout to 2000 levels. keep adding more here. Cheers !
There is Parabolic support in the stock and a resistance at the top. The stock has consolidated in this region from a time now. We can see a upside move in this one, trade with low capital as this is a news based stock and there is Hindunberg report effect also in this stock. So be cautious. Risk takers can go ahead Long !
There is pattern breakout in this index, A good time to buy DLF, there is news also and the technical is also inviting. Advice is to hold this index stocks.
There is a liquidity generation and a took off after wards, this generally happens before a big move upside. Advice to hold this with a SL below that support trendline
The curve will act as a support and further it moves on the curve the more powerful the movement will be. The move will follow the curve slope ! My favorite chart pattern on Hindalco, Most powerful and Rare pattern. Good time to Buy now.