PraffulAgarwal

PraffulAgarwal

Cummins chart has formed a head and shoulder with classic bearish divergence at top. short entries can be planned as per strategy.

PraffulAgarwal

1. ABB is in uptrend 2. 23% retracement from top 3. short and long term RS positive and uptrending 4. second base in making 5. tight flag pattern for trade

PraffulAgarwal

NIfty price action has given a fake breakout of channel on upside so technically price should retest the low of the channel which comes in 17000-17050

PraffulAgarwal

AXISBANK is trading close to flip level, any bullish structure at this could lead to a good RR reversal trade

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ICICIBANK has broken a daily 35 point range on downside

PraffulAgarwal

INFY is going into triangular consolidation with a head and shoulder pattern of 53 points depth.

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1. short term RS uptrending and breaking out 2. price retested previous breakout and reversed 3. a small base/ consolidation post retest and upmove 4. inside bar currently

PraffulAgarwal

1. RS in uptrend and posting short breaks 2. price breaking out of trendline with above average volumes

PraffulAgarwal

1. RS positive not broken previous highs 2. inside bar at resistance area

PraffulAgarwal

1. price break of long rounding bottom 2. volume at break candle 3. long term RS at highs

PraffulAgarwal

three contracting bases 1st 19% 2nd 13% 3rd 8% contraction

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1. base formation post volatile break down 2. range ~ 7000-7300 3. yearly RS breakout 4. attempted breakout backed by volumes 5. recent swing low 6600 trade 1. break of base consolidation with close

PraffulAgarwal

1. 406 days rounding bottom 2. 291 depth of cup 3. 6 weeks handle with 15 % retracement 4. volume build up during upmove to resistance beyond that they dried up in retracement trade positions can be build in stages 1. break and close above 603 2. if and when volatility squeezes 3. view negates below handle target ATH

PraffulAgarwal

1. price approached trendline with volume backing 2. 250 day RS breakout and 55 day RS turning positive 3. price structure in triangle squeeze trade plan 1. at base breakout in 720-730 2. trendline breakout and sustain or retest 3. pivot break

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IT giant TCS has developed an inverse head and shoulder of 17% upside potential movement.

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inverse head and shoulder activated in INFY on daily timeframe with probable 7 % upside

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a 22% height head and shoulder is developed on weekly charts, if activated 432 points downward move possible.

PraffulAgarwal

MFSL has made a top formation near resistance, trade can be initiated at levels post earning