Suggesting Buy on DIP we can see the buying from the 50% of this candle 1760 is looking good for buying let the levels hold and try to break this level buying till the previous high is gonna be good
Breakout level - 28500 breakdown 27000 Target for buying -28700, 28900, 30000... Taregt for selling - 27900, 27750,27500....
In the past times, USDINR is trying to hold its level and now we can see more rise above the levels Characteristics of Triangle pattern A pattern that has the following characteristics is more effective. + Before breaking out, prices need to touch both resistance and support levels at least twice each for the pattern to take effect. + This pattern gives a...
1. Rising wedge 2. Inside candle @ 1hr 3. Important support -18080 and 18000 4. Closed above 50 MA 5. Downtrend in 1 day The nifty 50 is continuously moved upside, looking closely we can see that it is moving in a wedge pattern i.e RISING WEDGE. Taking Support at 50 MA and ending up with an Inside Candle bar pattern. Important levels to trade - BUY above 18150...
TVS motors leading automobile company as we are seeing some demand in 2wheelers electric model here TVS motors making a Tripple top i.e Head and Shoulder pattern and stock was previously forming the pole and flag treated as channel formation the stock breaks downward and move towards the selling side now in 1day time frame it can go for further sell-side below the...
The descending channel pattern is a bearish chart formation. It develops within pronounced downtrends in asset pricing. traders view descending channels as evidence of weakened strength in the counter currency. Accordingly, it is frequently used to sell a currency pair and join the prevailing market downtrend. First, let’s study the case of the descending...
Looking like further fall in Bitcoin we can earn well from it in this fall channel breakout and after that its completing its target of achieving previous low
Wipro is continuously in downfall and holding the support of level 385. Now, it created a pattern of " head and shoulder " we may see a good fall if it closes below the bottom of the previous low of the pattern. The share faced rejection of 50DMA and closed below it again. Fib Retracement - Putting the Fib from the Corona time low we came to know the level of ...
After the completion of the rounding pattern or bowl pattern from the level of 800 its continuously in the bullish form making higher highs pattern. Now it's showing the exhaustion so we can see some profit booking here either it can move for buying if it crosses the channel right now it just breakdown the major trendline followed by it from the level of 800...
JUBILANT FOODWORKS is consolidating between the levels of 570 to 545 the moment it breaks down the consolidation zone we can see a good fall till 528 as there can be a small hurdle. The further target we are getting is till 500. 500 is good support where it saw the support and reversed back with a double bottom pattern. which also completed the Tripple bottom...
CRUDE OIL JUST rejects the breakout level of 7250, continuously falling till 7000 . The next IMPORTANT SUPPORT is 6900 ; below it, we can see the level of 6780 to 6700 . ABOVE important RESISTANCE is 7250 only above that we can see some buying. BEFORE that we can look for SELL on RISE
As crude oil is continuously moving in an undecisive manner, not giving many moves to go long now, we can see a good move from it. the triangle breakout will give us a good long and short position in the upcoming weeks. Levels that are holding the immediate support are 85.50 for the short-term period and 82.00 for the long-term period. levels that are ...
JSW energy is near to its breakout zone so we can plan a short time trading in it. UPSIDE targets are 347, 354, and 370. Downside targets once the lower trendline breakdown then 300 to 280 we can see in downside.
HINDALCO failed to complete the BOWL pattern now it is trying to make a CUP with Handle pattern Buying levels above 415 with the SL of 4 to 5 rs and we can look for 1:1 to 1:2 target or more depending upon the volume. selling is preferred below the 400 level and risky traders can have sold below 408 with the target of 404 up to 400 can continue further below 400...
Natural gas formed a double top on 1hr chart now it is trying to go its previous low and she can see that level in the upcoming days. Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
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Axis bank is continuously moving in a channel. Now it made a bowl pattern at its resistance level from where it can give a 2-3% rise if breaks. Another point is that we can see a good fall if it faced rejection. It can later go up to the lower level of the parallel channel . As of today, it closed with good volume if the market opened in a good range then...
Grasim formed an inverted " HEAD AND SHOULDER PATTERN " and the first target of 1700 is achieved. Now it's trying to cross the zone 1650 - 1700. Thus the Volume in Grasim looks good near the resistance level of 1700. BUYING - 1704 or above we can look for buying and a morning 5min candle should close above 1700 will give a good rise. - we can look...