Trading_Mentor_Amaan

Trading_Mentor_Amaan

Ascending Triangle formation as well as Symmetrical Triangle Formation seen in L&T. Also it has been in consolidation since January, 2024. Most Probably it will give a strong Breakout very Soon.

Trading_Mentor_Amaan

Standing on a Strong Resistance Zone. A closing above 6550 with strong volumes will validate the Breakout.

Trading_Mentor_Amaan

Nearing it's 2021 High, Standing on a Multi-Year Breakout.

Trading_Mentor_Amaan

Multi-Year Break-Out Successful! With Strong Volumes, Observe On a Pullback to Bullish Fair Value Gap.

Trading_Mentor_Amaan

It has Broken Below a Symmetrical Triangle and Also a Strong Support Zone of 200.

Trading_Mentor_Amaan

It Recently Broke Below it's Long term Support Trendline, Do Not Take Entry in FOMO Expecting it has Become Cheaper, it has been faster than a Jet in Past few weeks, it might see some continued correction. wait for a proper reversal formation before taking entry.

Trading_Mentor_Amaan

It recently Bounced From the Support Zone. we can observe some Trade on a PullBack to 660 Levels. It Also Broke out From the Resistance Trendline. PLUS STRONG VOLUME BUILD-UP.

Trading_Mentor_Amaan

ONGC is Standing on Strong Support Zone. If this Support Zone Breaks Firstly, it Will Definitely Turn Bearish and Downtrend might Continue Secondly, it Multi-year Breakout Will Also Fail. But there are stronger Chances and Probability of ONGC Showing Reversal From this Point.

Trading_Mentor_Amaan

Symmetrical Triangle Formation, A Possible Upward Move Ahead.

Trading_Mentor_Amaan

As i have Drawn the the Elliott Waves 5 Waves were Completed and now the Stock is in A,B,C Correction Wave Last Phase(C) which might Drag it more further downwards to the levels of 280. A Descending Triangle formation is Also seen. Price Action Suggests Continuation of Down trend. Let Wait and Watch.

Trading_Mentor_Amaan

Ascending Triangle Pattern Formation and other thing to notice is that there is relatively less volumes in Red Candles which means Market is not showing much interest in Selling.

Trading_Mentor_Amaan

Fixed Volume Profile indicator Doesn't Shows Strength in Higher Levels and Fundamental of the Company Has Worse. but as per the Momentum of the Stock i'll Call it a "Expensive Rocket" Which Has Reached it's High and Might Soon see a Strong Correction in Price.

Trading_Mentor_Amaan

As we Know After a Falling Wedge Pattern Formation, Bullish Trend Continues. It Has Broken Above its Resistance Trend Line, Now We can Assume here that there are Higher Possibilities of this stock Continuing it's Uptrend.

Trading_Mentor_Amaan

Inverted Head & Shoulder Pattern formation, with good Volume Build up.

Trading_Mentor_Amaan

Ascending Triangle Formation, Might Give a Good Breakout.

Trading_Mentor_Amaan

We might see a reversal from this support zone or it might see a bit more correction till 550( A strong support level as indicated by Fixed Volume Profile Indicator).

Trading_Mentor_Amaan

Standing on a Multi-Year Break out & Double Bottom Chart Pattern is also Seen. Volumes is Also Health and Building Up. if it Does Break Through this Resistance then We Might See a Strong Uptrend in Jubilant. Wait for the Break out and a Pullback After the Breakout.

Trading_Mentor_Amaan

Multi-Year Break-out with a Potential Upside of 60%.