Clear wyckoff pattern in 1HR
Target 6075 - 6140
Hi guys, Today's expiry session was very much volatile but one would have managed this volatility if he would have known where are the major supports of trendline in short time frames. Although today the expiry happened on the major support of Trendline A & B. Both the trendline played as a major support in Nifty. However, If you zoom in it just expired exactly on...
Please note that our previous analysis of ashok leyland was for short side as we analyzed the Head & Sholder pattern and gave the target of 109 to sell futures. Now the pattern is complete and Bottoming is also done. Therefore, as more value is left in this stock so intitate buy for a short term target of 125 and medium term target of 140.
This is just for educational purpose Disclaimer: I am not a SEBI registered advisor, ask your financial advisor before taking any decision.
Details mentioned in the chart. "Queries are welcomed in the comment box"
Buy axis bank at the bottom of the pattern for small sl and big target. There is very less chance that this stock will fall below the pattern support. Banks are looking strong after this correction and as infra projects will be starting so more lendering is expected. Therefore no sign of bearness in this stock. Target 824 Sl 700
Hey guys! In a 15 mins chart bank nifty has formed a double bottom pattern at the support which was very crucial. Basically Double bottom is formed when there are buyers waiting at the lower area which faced the rejection and that acts as a support. When the upper resistance is broken it is assumed that it will go up untill the size of the pattern (Double Bottom)...
Buy 1500 Target 1628.50 (Approx. 8.5%) Stop Below 1447
Buy Adani Enterprises for a Short term Target of 1085 (23.5% Upside) Stop below 825 or a candle in 1D timeframe closes below the line
Hey Guys, Fingers crossed!! I Hope this Right shoulder gets complete on monday and again Bonds may get to hell. Reversal in bonds may happen from now on if this pattern gets rightfully completed. So, Monday is a very crucial day to decide what the stock market will be going to perform in the coming week and month. Hope you all would have liked the analysis. Also...
Views are personal and for educational purpose only. Watch my other analysis also.
Head & shoulder pattern formation with RSI divergence. Short below 120 when 1 hr candle closses below it. Target - 109, 101 SL - 127
On a 1hr timeframe it is showing a perfect formation of an ascending triangle pattern. Good to enter now @1630 For a target of approx 7.5% in shortterm with a stop loss just below the ascending trendline support. Moreover, if you want to wait and you are not a risky trader then you should see it regularly and buy once if it gives you opportunity at the trendline....
On 1hr timeframe it has given breakout from descending triangle Buy @3060 Target 3260 Stop loss 2960
Gold seems to be consolidating in a triangle pattern after a big upmove in the covid time. It seems that this year i.e. 2021 it will be trading between a range of 43800 to 50000.
See the chart for target and sl. The view is personal and for educational purpose only.
After the impulsive wave 1 it has consolidated forming the descending triangle and Wave 2 will start soon. Most of the technicians prefer to buy when it starts forming wave 2. The reason to initiate buy now is that this stock has good fundamentals with rising EPS and Debt is also less with Rising revenue. Moreover, I prefer to buy now as the Risk to reward ratio...