The Graph is moving towards making an Ascending Triangle.
There is also a small base formed . The graph might rise up from this base making a Rally-Base-Rally pattern.
Its a good opportunity to go long.
The graph is forming a megaphone pattern.
Highly likely that the price will fall anywhere in between 2032 to 2013 INR for this range is a strong demand zone.
Going for SHORT would be preferable in the days to come .
The tripple top pattern seems valid and strong. Expect the prices to fall today to an approximate value of 1086 INR. One can proceed with SHORT order.
(This is my chart based analysis and prediction. One must trade at his/her own risk.)
The lower Daily Chart trend line was broken last week and has recovered today to get back into the same zone.
The falling channel's upper edge and the upper trend line (in orange ) , both have been respected multiple times until now.
The falling channel upper trend has been broken today.
The final pattern seen is a 2-B Bottom Chart . If the pattern continues,...
The patterns visible are the head and shoulders and a rising channel.
OPTION A : The head and shoulders pattern will be justified.
The rate will at first rise up to 1966 INR.
Then fall anywhere near 1920-1900 INR.
(going Long first and then Short would be profitable.)
OPTION B : The rising channel will be justified and the...
Amidst the pandemic crisis, the trend has been naturally rising.
The trendlines mark a double bottom chart pattern.
The prices in the coming days can rise up and fall in the range of 1144 and 1201 .
If going for intraday trade, follow the marked dotted lines and one can trade accordingly.
It we look at the 30 MIN graph, a lower trendline seems to be forming. This line has been respected many times. This week's trend shows breakdown of that trendline.
Go for SHORT if you want to trade in intraday.
If the price falls, you can go for a position trade when the price reaches down to 700-698.
The graph has entered a strong demand zone right now. Today's trend could to be bullish. However the rise would only be for a further fall.
Going Long would be beneficial as of now till the price reaches 688 .
If the trend falls even below this strong demand zone, then go Short.
(This is a trend-based analysis and prediction; one must trade at his/her own risk)
Nifty50 looks bullish today. If the price leaves zone 1 to go Upwards, go Long.
If the zone 1 breaks, the next demand will be coming at zone 2 and then zone 3 subsequently.
Be a good observer of the first 15 mins and then make a move as the candles direct !!
The lower trend line has taken many hits by now and is likely to break.
With a little zig zag in the meanwhile, we can hope for the bears to overtake the chart.
I would up-vote for SHORT trade.
(However, this is my chart analysis, trade at your own risk ! ;))
Reliance has always been unpredictable for the buzz has created hype always. Also, is currently a trusted company for investors.
In the current scenario, 2 things can happen.
The breakout of the lower trend line is one case. More the number of hits, more the chances of a breakout.In that case go for Short.
The second thing is towards the top it is forming an...
The graph now has started to move naturally. The demand zones are as mentioned.
A slight demand can be expected at the weak zone. If this one breaks, the next possible demand is at two places below it .
As of now, Go for Short.
2 possible cases:
1. can make the rectangle box a support and rise. Go Long and hold
2. Can go below the box and rise up again from the blue trendline. You may want to go Short first and then go for Long and hold.
Sunpharma Pharmaceuticals has been trending well amidst the covid-19 pandemic.
The upward trend line is likely to break.
Pharmaceuticals are great stocks to invest in especially looking at the escalated situations that exist and are likely to continue.
Go LONG and hold the position.
BANKNIFTY affected by the heavy buying of precious metals.
It has impacted HDFC as well.
Looking at the current graph, wait for tomorrow's move.
If see an upward trend, go Long to hold the position.
If see a falling trend, go Short.
2 evident scenarios. If the dotted trend line breaks in this week, first go Short and then go Long.
If the dotted blue line generates demand,go Long .
Being a pharmaceutical Industry, expect a good rise in the days to come.