SatpalS

SatpalS

The ITBEES ETF is forming a Inverted Head & Shoulders pattern on the weekly chart and is currently developing the second shoulder. Given the potential in the Indian IT sector, there is a strong likelihood that ITBEES will move upward. After breaking the neckline, a retest is expected, followed by positive performance. ITBEES ETF is closely linked to the Nifty IT...

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Samhi Hotels has given Breakout of the Triangle Pattern after more than 4months at daily chart. Today it gave a follow up candle but its a Red Doji so it may come down and retest at 182-186 levels. It has crossed 50ema at daily time frame, if sustains then probability of going up. It has reversed from an old support. Good quarterly results came. Another candle on...

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TATA MOTORS has made Inverted H&S Pattern at 15min chart. I found it little late, but still has potential. This trade involves identifying a pattern, drawing the right trendline, and finding an opportunity during the market recovery immediately after a sharp fall caused by news. For learning and education purposes only.

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HI-TECH PIPES is making two patterns. Double Bottom & Downward Trendline Resistance Pattern at Daily Chart. RSI divergence is visible. If it comes down even then it is nearby its Support area. 4 times it has touched the Resistance Trendline, now we need a strong green candle breaking the trendline. If sustains then there is probability of touching 145 and 168,...

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Infosys has given Triangle Pattern breakout at monthly chart, looks positive as per Price Action. For learning and educational purposes only, not an advice.

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Zomato is following a downward resistance trendline. Yesterday, it broke the trendline with a strong green candle. It has touched the trendline 4-5 times, and now there is a strong probability of it going up towards the target. On June 2nd, I posted a Zomato chart where I clearly mentioned that a "breakout ("BO") was expected on June 3rd". It happened, but on...

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Zomato is making Double Bottom pattern at 2hr chart, probability of touching 196, if sustain then it may touch 206 too. For learning and educational purposes only.

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SAMHI HOTELS is making a Triangle Pattern at daily chart. It has touched the resistance trendline 5-6 times, spent 4 months in this Triangle. Now there is a probability of breakout. A strong green candle is needed. If it gives a breakout above 200 and sustain then there is probability of 14-16% gain. SL: Low of the Green Breakout Candle. 168 is a Strong Support,...

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JUNIPER made Downward Trendline Pattern at Daily chart. Gave BO on 14june, if there is a follow up Green candle then it makes sense to Buy for good Reward. There is probability of going up. We may decide the SL based on next green candle. LEARNING: Not even 4th June downfall broke this stock, it has recovered really well. It has touched downward trendline 4-5...

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Today, for the first time, I took a trade based on the 3-minute Nifty chart. Nifty was forming a Double Bottom pattern on the 3, 5, and 10-minute charts. The RSI divergence served as my alert point. After verifying the other rules, I identified it as a viable trade. I exited with a 1:1 profit. I plan to conduct more forward testing during market hours. You may...

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Nifty50 at Daily time frame - Moving in a range since Feb 2024, touched Upper Trendline 3 times and reversed, now touched Trendline for the 4th time on 23-24may, completed the target of 900points of Hammer Candle on 13th May. There is probability of touching 24000 in a few days, right now 22500 is a Support. For learning and educational purposes only.

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ATGL is making a Downward Trendline Pattern at Daily Chart. Gave BO on 23may, high volume. CMP is 979, Target probability is 1097 and 1230. Tomorrow's 1hr candle will decide the move. Keep Eyes on it. For learning and educational purposes only.

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Bank of Baroda is making a Double Bottom at 15min chart, made Inside Bar Candle, clear RSI divergence, probability of going up. Need to see the movement of the market before taking the trade. For my learning and digital records purpose only!

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ABCAPITAL is making a Triangle Pattern at 2hr Chart, now 208 has become a support after the previous Resistance. Probability of going up for 240 target. It has taken support at lower Trendline for 4-5 times. If it doesn't break the upper trendline now, then it may again touchdown 214-218 and reverse from there. For learning and education purpose only!

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INOX WIND is making a Triangle Pattern at Daily chart. It is at Resistance level, if breaks then we may see 200 soon, moving above 9EMA. Scenario 2: If it comes down then it will take support at 150 and from there we may see reversal towards 200. For learning and educational purpose only.

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JIOFIN is making a Double Bottom at 4hr Chart. RSI divergence is clear, moving above 9EMA, probability of touching 385, 394. Accumulate if it goes down, 340 is a good support. For learning and education purpose only.

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ZEN TECHNOLOGIES has started making Ascending Channel Pattern in Dec 2023 after 4-5months consolidation. Made a Hammer Candle on 13may on Weekly Chart. Probability of touching 1129 and 1175 from CMP-1009. It touches and upper trendline in the first week of every month, following the same pattern from last 4months, it may repeat the same move. For learning and...

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Tata Power is making Ascending Channel Pattern at Daily Chart. I found it little late but still have some points to cover. It is following the trendlines since 18jan, made a Hammer Candle on 13may, following 9EMA strategy. There is probability of touching 475 target in a couple of days, which comes to 6% from gain from 447-CMP. For learning and educational purpose only!