I am a trader, investor and a full time working Professional (NRI). I have developed my own system based on pure price action and do not rely on any indicators or data to make decisions. Nifty Options are my favourite Bounties.
Current PA of axis bank presents an interesting situation. PA is at an area of strong resistance and the formation of an ascending wedge like pattern presents a bearish scenario. In order for PA to be bullish it needs to close and sustain above 525 levels(thick blue line) and if it does not PA will most likely fall to 420 levels followed by 370 levels (thick blue...
Potential Bullish Shark pattern spotted in BPCL charts. PA facing resistance and may likely retrace back to the potential reversal zones completing the pattern. From thereon bullish moves are likely to be made on account of bullish PA from higher time frames and previous PA patterns.
A bullish dragon pattern and a W Bottom pattern have been spotted in Amara Raja Batteries. PA seems to reverse on a sturdy support region and PA looks good for a bullish move soon. Long term prospects for this script looks positive.
Break of blue trend line would validate a Bullish dragon pattern while break of the Horizontal blue line would validate the W bottom...
A Flag, Pennant have been spotted in Tech Mahindra and there is a possibility of a gap being closed which was formed in June last year due to the current movement of the PA.
Good luck to y'all! Trade safe.
Possible dump bump and run reversal has been spotted in Ajanta pharma. Break of blue dashed line confirms the reversal and red dashed lines indicate possible targets.
Good luck to y'all !
PS: I am long in cash from Thursday.
Multiple bullish patterns including bullish dragon pattern and flag patterns are visible in the PA of Pidilite. Red lines indicate possible targets and they are coinciding at multiple levels.
All the best, everyone!
A long term Bullish flag is visible in HDFC Weekly chart with potential targets of 1900 in the medium to long term. A short term bullish flag is also visible in the same chart.Red line indicates possible targets.
Good luck to all!
Possible Bearish Dragon setup seen in Canara bank. Confirmation would be break of the thick blue dashed trend line. Red lines indicates possible targets. Pattern would be invalidated if the PA breaks past the upper trend line which is the pale blue dashed line.
All the best!