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Nifty after making a recent swing low around ~18060, did a falling wedge breakout and made a swing high around 18420. Almost 350 points. It corrected from there to about 61.8% fibo level and made a swing low today around 18200. The pattern indicates that is forming a flag & pole pattern. Also, as a learner of EW; my wave count suggest that it was a wave 2...

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Bajfinance on weekly chart is showing initial signs of reversal and personally anticipating a higher bottom on weekly timeframe which is also at a good fibo support zone and can potentially provide a start of formation of Weekly double bottom or (W) pattern, also stock is nearing its 200 weekly ema which has acted as good investment / accumulation zone in past....

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Ramco cements has been given 18 weeks of Insider Bar consolidation breakout and price is now consolidating above IB breakout level for last two weeks, keep this setup in radar for longs

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Siemens on weekly timeframe is forming a rising wedge formation. It is also formed at the top of the rising channel in which Siemens has been trading from quite some time, generally such formation are formed as ED formation in EW and can be a signal of truncated 5th in its impulsive wave upmove. Although, this post doesn't deal in great detail with EW wave...

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Price is under falling channel with RSI showing +ve divergence It has also closed above 20dema after 76 session with good volumes and as per VSA analysis, even though volumes were higher candle stick spread is very small and this has appeared in a downtrend. It can be sign of smart accumulation here and breakout above 1450 could trigger good short covering....

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#Banknifty after making a fresh ATH in Dec 2022, has corrected for almost 5100 points and bottomed out in March. Since then it is in continuous uptrend. Currently price is in a upward moving channel and as per my little understanding of Wave, it is probably in (iii) of 5. 43800 is a strong resistance zone which, lets say it gave a fakeout in Dec and then went...

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GNFC on monthly time frame gave a breakout of rounding bottom in Feb'22 and immediate next month it gave more than 50% upside momentum. Since then it has went into correction mode and is taking support now from last few months at the previous resistance / breakout level on monthly closing basis. Monthly candle so far is looking good and since Oct'22, it is...

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Titan after my previous sell signal (related idea section), and achieving the downside target is now making Weekly double bottom with a better elevated (green) trendline support from the previous one (brown), signifying bulls are much more active. Double bottom has also come at a good Fibo support zone of 50 to 61.8% retracement levels from June low bottom to...

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Chamblefertilizer is in trading inside a falling channel since Sept 2022 and with every lower low, RSI has made triple bottom and now showing breakout. While Price is yet to breakout of the falling channel. Price is currently trading above ema 20 and ema 63, with ema63>ema20. Chances of Price hitting ema 200 are on higher side as medium term sellers may be in...

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Indiamart on weekly timeframe is showing some strength, most of the details are already on the chart.

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DLF on charts is giving a momentum trade possibility on upside where a breakout is anticipated, keep this setup in radar

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Asianpaints is forming a bear flag on weekly timeframe, previous weekly inside bar on weekly timeframe which it did broke out on upper side has failed now and more and more consolidation near support trendline is giving a weakness signal here. Any breakdown of the flag and trendline can invite short side target well below 2400 .

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Polycab on weekly timeframe has been moving into this rising channel and is also forming an inverted h&s pattern, the breakout for which is visible (considering the weekly closing) will sustain above neckline. It looks very bullish

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SBIN on 2 hour tf is showing a falling wedge pattern, as long as recent swing low ( or budget day low) is saved chances of this going upside are higher and can be a good swing trade with small risk.

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Banknifty on Monthly tf looks to be travelling in this channel for now, and after three months of correction since it made ATH in Dec 2022, last monthly it made a doji and potentially by April closing it make a Morning star formation which is currently under progress. Also Banknifty has crossed previous two months high so far. On weekly timeframe, Nifty has...

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This analysis is to see some of the ratio charts of different sector in comparison to Nifty, which in my opinion can give a directional edge to traders for short to medium term in terms of identifying which sector may be outperforming wider market. Pharma Index / Nifty ratio chart is suggesting a falling wedge BO on weekly charts and possibility of Pharma...

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Lupin after opening gap down on 13th Feb has done some base formation on hourly time frame, above the marked resistance level it has a potential to trigger some short covering and hit around 50% pullback zone. There is a hint of short covering visible in option chain as well and below the 680CE chart for reference. Keep this setup in radar This isn't a trade...

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ITC monthly tf analysis...chart has almost all details one needs to look at