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Persistent is making a dark cloud cover at the top. This pattern has formed after ATH breakout and possibility is that this can lead to a breakout failure. RSI is heated up as well and is showing signs of negative divergence with volumes also on decline during recent upmove. If you are long from lower level, it is time to book or trail aggressively. Fresh long...

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NG on hourly timeframe giving bearish signal ...it seems to bee a rising wedge breakdown

aktradelearning Updated 

TVS motors has given a double top breakdown after giving a stellar run. It was previously facing a resistance at a top trendline which was broken with a gap in July'22 and was only tested once after that breakout. Potentially, stock may come down to that trendline again by taking a support there and achieving double top target as well

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Let's do a multi time frame analysis of Crude chart. On monthly time frame Crude seems to be running in a parallel channel, except that it has given two outliers outside it. It first broke down the channel during Covid to make a new low and then during Ukraine Russia crisis it broke out of the channel to make a new high. On weekly time frame, crude made a...

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RBL Bank is breaking down after making a triple top and also breaking down a good support trendline which it was holding on since quite sometime. Positionally it has become weaker and chances are that it may slip down more and more

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Finnifty is trading below budget day low and is going to face resistance around it, however on 45 min tf the structure which is currently developing is suggesting that it may be forming a reversal pattern and anticipation is that inverted H&S pattern is under development. As long as recent swing low is protected it can take support at the trendline which is coming...

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NTPC on hourly chart is indicating a typical text book Bullish Flag & Pole pattern formation. It was previously under range consolidation and then post breakout gave a good momentum upside. It then retraced back and took support at exactly 50% retracement level of recent upmove. On hourly chart as per closing basis it is showing a visible breakout in Bullish Flag...

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ITC is giving a rising wedge breakdown, Longs need to be cautious here ....

aktradelearning Updated 

Hindalco looks like is consolidating just near immediate support and is ready to provide another leg of fall. I had given caution around 25th Jan in few groups to stay away from Metal .... Expecting some more pain in Metals unless recent swing highs are taken out ...

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I've tried to explain the lifecycle of M&M chart with different phases it has gone through, currently weekly candle has a possibility of breaking down a range which is formed at top and it could be a signal of distribution and stock entering into another consolidation/negative phase. Overall chart is showing weakness as of now There is no buy or sell reco in this...

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Nifty forming similar price action as it did previously during last year correction. Let's see how it works out this time .....

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TCS has given a weekly inside candle breakout. Please follow the trade plan as per details available in charts

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Last week view On Weekly charts PSUBANK index is moving in this channel and has made a doji at upper resistance line. This is also kind of pole & flag pattern, if breakout happens upside then we can see good momentum in PSU banks Latest position This weekly closing is above the channel but the candle is not very bullish.

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The supply zone is 15 years old resistance zone. Everytime PSE index has come near this zone, it has almost went down to the lower green zone. But from last 1 year it's consolidating near this zone and expecting that this supply zone can be taken out in another couple of months may be to make a new H

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CNXPHARMA -Pharma is in falling channel with and also probably forming a H&S pattern. Invalidation level for the same is marked which is also closed to the channel breakout levels ...

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BankNifty is looking extremely bullish on large time frame, Let's start the roller coaster ride ....to make a new ATH soon ..

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Just two days of correction and every one has turned bearish. If I see how price has behaved in past...It is testing time... As one my Guru said "Nifty will tire you, retire you, thrash you, loot you and run away for ATH"

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Apollo hospital as shared earlier on larger timeframe is following the same trajectory, on short term frame it looks like a momentum play now.