Stock movement has formed a rising channel on daily chart. However, Stock is overbought on monthly chart. Thus, stock will sluggishly move up with limited upside
SRF has formed a bearish flag pattern on daily candlestick. RSI is overbought on monthly candlestick chart. We expect more probably stock will correct.
Price movement has formed the flag pole and a flag. Am expecting a good breakout. Today, stock has comprehensively tested the support zone at 565 ~ 569. More likely that price would pullback from this level.
I am a rookie in technical analysis. Hence, I am seeking confirmation. I discern that price movement has formed a symmetrical triangle which is a continuation pattern. However, preceding price trend is not prominent. Shall we therefore ignore it?
Greetings ! Weekly price movement has led to gravestone doji in a downtrend. Presumably, this is then regarded as the continuation pattern. We glance at option data for ICICI Bank for April expiry. The maximum OI in call option are concentrated at 600CE and Option price has reduced. Thus, more short contracts on call side? The maximum OI in Put option are...
We have to linked the uptrend since November 20 to January 21 to current phase of retracement. One would be able to visualize a "Bullish Flag" pattern. However, fundamental aspects associated with gold price movement, second wave of Covid-19 and its ramifications on demand for gold, effect of covid-19 second wave on the wedding season have large bearing over...
Pidilite price movement has progressively led to symmetrical triangle. This triangle pattern is more often a continuation pattern. However, we have to put a context here. Most of the brokerage houses have considered current market price of Pidilite as overvalued. One has to keep tab on an upcoming Q4Y21 results or any other important news on Pidilite
KEI has formed a descending triangle pattern. We expect a fall in price by 20+ points which is equal to base of a triangle
Greetings ! I am not familiar with tools available. Hence, I am unable to display volume along with price movement. But, I have noted that traded volume during formation of flag pole and traded volume during current consolidation is crucial piece of evidence. Traded volume during the current consolidation has significantly reduced compared to traded volume during...
SBIC price movement has formed a symmetrical triangle pattern, which is more often construed as the continuation pattern. We have to watch out for breakout
Please turn point of view to line. We can witness descending triangle pattern. Base is at 862.49, support zone and height is around 20 points. Thus, we expect marginal decline in CMP
Please change view from candlestick to line. You will notice that price movement has formed a descending triangle pattern. Base is at 862.49. Height of triangle is 20 points. We expect a marginal drop in price.
TCS price movement has formed a Rounding Bottom kind of pattern. I am unsure about its validity because, this formation is shallow. Can someone please validate? Regards,
Biocon has formed a symmetrical triangle pattern, which is a continuation pattern
Greetings ! Polycab is developing a bullish flag pattern. I have joined the lowest and the highest point from where price has retraced to current level. CMP is at 38.2% retracement. A modest target could be 23.6% at 860.
Greetings ! Please validate Head and Shoulder pattern.
TCS has steadily formed Rounded bottom. However, it is tilted upward. I am unsure whether this still can be considered as an acceptable Rounding Bottom. Can someone please validate?
Greetings ! Price movement has gradually formed a rising wedge pattern. This is a bearish pattern on breakout.