After long consolidation in last 2 year it has given trendline breakout that too on weekly chart. 1400 is imp level that needs to be supported
Copper has given good run up in past 10 months. now is the time for take a breadth and do some sideways movement for few months then take up the next up move. 790 - 760 may not break during this retracment
It was a great bull run in Indhotel since low of 2020 in past 4 years it has never broken the trendline. going forward if trenddline is broken on weekly chart and if we see hns pattern then it may confirm the trend reversal. else use the oppurtunity wisely.
Is it the first sign of top formation in HAL. parallel channel upper edge is touched from the bottom. Monthly candle is also doji, follow through will be interesting to watch
If we follow this approach does this means bulls are done with the current up move. and they needs to relax before starting next move
GODREJIND has been into parallel channel past 15 yrs. sideways movement in past 7 years was helpful to cool down the stock as disparity was high with 2 yr horizon this may be good
RVNL has given ideal structural up move since Sept 2022. And every move has been giving arnd 150% up move. hopefully this move repeat the process
godrejind good buying done since last week of Mar 2023 it need to break above Jan 2023 swing high of 456 then it may test swing high of Dec 2022
Distribution Schematic( 1 or 2): Wyckoff bearish This is just phase 2 right now. It will take still few weeks and yet to confirm whether stage 3 will be Schematic 1 or 2. I am trying new approach to highlight wyckoff, hope this works well.
What do you call this bearish pattern again 1770 created problem
Past one year is forming a parallel channel once daily closing above mean area then we may expect touching upper channel
Pole flag formation with confirmed breakout however Breakout retest is pending
In last 4 year after giving good run up it is not distributing by forming head n shoulder any closing below the channel would be selling
Wyckoff Bearish Distribution Schematic #1 Price has been overbought since Feb 2024 31st May and 4th June movement was first indication of the bears
JUBLPHARMA started from 2004 and formed wide long parallel channel It has bounced without breaking 211 now it is ready to hit upper edge of the channel in 1.5 yrs
SKFIndia After consolidating for 1 yr and bounce from previous year low it has started new and final journey towards the bull run which was started after covid.