Disclaimer: Chart and analysis only for education purposes.
Nifty is forming a cup and handle pattern ( a continuation pattern ) and a small cup and handle within the handle of the larger pattern A break below 17570 can push it down toward the pattern target of 17300
Neckline 33800 Wait for an hourly candle close above 33800 post which a stop loss of 33300 (hourly close below 33800) could be maintained. Pattern target comes out to be 34700-34800 Disclaimer. education post
MCX Gold Futures made a inverted head and shoulder pattern , the breakout of which can pish the gold prices higher towards 53600 levelz SL can be maintained @ashish9552516501 WAIT for a daily close above the NECKLINE to confirm the breakout. Disclaimer Educational view
Nifty Energy weekly chart shows that the index has formed a Cup and handle pattern and looking at the ratio chart of Nifty Energy viz. Nifty, in monthly TF one can see the ratio chart has given a fresh breakout and retest. Nifty Energy index wee placed for a breakout and outperformance going forward Ratio chart: NSE:CNXENERGY/NSE:NIFTY*100 Disclaimer:...
Self Explanatory chart Disclaimer: Educational view
Nifty Metal INDEX has broken out of a long consolidation phase(greater than 200 days of consolidation 6310 is the level if we get a daily close above this a new momentum can be started on the upside. MACD(the momentum indicator) has also given a breakout. Strong stock in this index should be on the radar NSE:HINDALCO NSE:NACLIND NSE:TATASTEEL NSE:JSWSTEEL...
Amber Enterprise Cup and Handle pattern observed in weekly TF with a triangle pattern in the Rsi shows that sooner or later the price is about to breakout. A close above 3900 would confirm the b/o. Amber is a prominent solution provider for Air conditioners. As the summer approaches the demand for A/Cs would rise and may boost the earnings of this company ...
Look at the Daily chart of BSE Ltd. After reaching the top end of the trendline it generally corrects in the range of 20-30%. It would be advisable for short term swing traders to have a string Trailing Stoploss Demand zone 2400 for fresh longs Disclaimer: Educational view
Self-explanatory chart. Wait for a pull to enter or can enter some tracking quantity. Disclaimer: Educational View
#Praj_Ind Bullish Setup 380-385 is an important zone. If we get a daily close above 385, we can enter long with a stop loss of 360(previous swing low) and a target of 440-450 Disclaimer- Educational View
#Axis_Bank Weekly chart Historically it is seen that after a neat term top axis bank share price corrects about 150-200 odd points. In the weekly chart, we can see an EVENING STAR PATTERN (a bullish reversal pattern). If the low 764 is broken we can see the prices fall towards 600(An opportunity for the long-term investors to accumulate). Wave theory followers...
Wave 5 done @ 867 Wave A done at 698 Wave B done at 836 Wave C unfolding toward 630-655 Disclaimer:Education View
Wave C running with 2500 as strong resistance 2080-2130 Strong support(For long term investors) Disclaimer: Educational view
Long-Term Breakout of 70-71 A weekly close above 70-71 will give the confidence to enter at CMP, A monthly close will boost the confidence to enter the 2nd tranche or at retest. Volume chunks from the past few months. TARGET 126 SL 59 weekly close
50 EMA Support in TechM proved time and again as an imp support in its outrun. Also, the previous b/o level of 1630-1640 will now act as support. A short-term swing trade candidate. Disclaimer : Educational View
The chart is self-explanatory. Stoploss - below 15 weekly closing target 28 and 35 medium-term investment Disclaimer: educational view
Praj Industry has broken out of a consolidation zone and a cross above 408 will infuse fresh momentum towards 700 levels. Recent swing Low can be used as stop-loss. Medium-term investment Disclaimer: Educational View