Price formed 3 patterns in the past few days of trading. I tried to explain this in the chart by drawing the patterns. One can expect a pattern break tomorrow or in the worse case it will break this pattern the next day.
Price has two breakout structures to follow as shown in the figure. AS one can better view the falling channel pattern clearly in the figure price should break up with good volume. Lets wait for the break.
Price forming triangle pattern in lower time frame which is an indication for the breakout. Lets hope it breaks up and move considerably tomorrow. . .
USDINR is not in favour of Index movement, if this is going to break as per the pattern rule then Nifty and bank nifty trading exactly at the ATR and above ATR will fall once again. Watch out your long trades guys. Something is not correct !!! If you find my analysis helpful . . . . . Please show your support by hitting 👍 LIKE button, Your Support is very...
Price as expected moves up after taking the support ( view the chart below for better understand ) Price in lower time frame breaks the pattern and moves up with big volume as shown in this analysis.
Price breaks the trend line strong and trying to break the first resistance to reach the second one which is seen more stronger than its counterpart. As if now things looking good for those who took long position well before, for the new entries wait for the price to break and close above the first resistance for the target of second.
Price travelling inside the channel pattern by making a resistance inside the channel and breaking the same as seen in the analysis. Price took support and just moving up to the resistance marked.
Price falling big so there will be a small reverse expected before falling big.
Price after hitting the Flag pattern target hanging around to make channel pattern in lower time frame and it is about to break. One can expect the price to break this pattern and reach the weekly resistance levels as shown in the chart. If you find my analysis helpful . . . . . Please show your support by hitting 👍 LIKE button, Your Support is very much 🙏...
Price about to break the resistance levels. One can expect quick move from this levels and also the chances for retest of the breakout level cannot be ruled out.
Price trading just above the support level and the worrying part is the raising wedge formation. If holds above the support then one can expect a new high once again. It looks like a trap until it crosses the previous ATH. Sit tight if you are into the trade !!!
Price forming a pattern and all one needs to do is wait for the breakout. :)
Price once again tries to break the long time resistance levels and it is just holding at the edge. Only after closing above 242 level will give the pass to move further to 300 levels. One should wait for the close above 242 levels in weekly time frame.
Price trading near 2.618@ of Fibonacci extension, as the volumes looks too high one can expect profit booking which takes the price to retest the breakout levels. Once you find the trigger for the drop then book your long position, trade with an extra eye !!!
Price after breaking the resistance levels went up with huge volumes. Now one can expect a retest of the breakout levels and move further up.
Wow move from SBIN. That was a quick 120 points move from the support.
Price following a pattern - "Reach the resistance level, get rejected, break the level ". . . . The above is the pattern in reality sector since the big fall. One can now expect the price to break the present resistance levels and reach the next resistance levels as shown in the analysis.
Price picking up volumes to reach the resistance levels of 2000 in a quick succession. From then it should either break the resistance in a single try or it will get rejected exactly at the resistance and hang around for a while to break it anyhow. If you are long in any media stocks just wait for this index to touch the resistance levels.