A Bottom Triangle/wedge shows two converging trendlines as prices reach lower highs and higher lows. The price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend. There is divergence seen Price vs RSI and Price Vs MACD . PLEASE NOTE THAT: This chart...
Pattern: Double Bottom pattern The Double Bottom pattern emerges within a downtrend when the price hits two separate lows at approximately the same level. During the formation of this pattern, the volume tends to indicate a decrease in downward momentum, diminishing as the pattern develops, with a slight increase in volume at each low, typically less on the...
A "Continuation Wedge (Bullish)" chart pattern formed on Zen Technologies Ltd ( NSE:ZENTEC ). This bullish signal indicates that the stock price may rise from the close of 742.15 to the range of 842.00 - 920.00. Supportive Points: -After a temporary interruption, the prior uptrend is set to continue. -Also there was a gap on 7th Aug 2023 which was filled on...
NSE:JOCIL - The chart is self-explanatory. - Strong Base Has been Marked and Strong Resistance is marked. - Then Chart been analyzed in 2 parts 1. Previous Behavior - where price touched strong base twice (number marked as 2 and 4) and strong resistance twice (number marked as 1 and 3). 2. In expected behavior - price is somewhat doing same. Price has already...
A continuation wedge , is a technical analysis pattern found in daily chart of MTARTECH. Let's delve a bit deeper into the components and dynamics of this pattern. Bullish Continuation Wedge: Shape and Structure: Trendlines: A bullish continuation wedge consists of two converging trendlines that slope downward against the prevailing uptrend. These...
On Occassion of Diwali my educational pick basis fundamental and technical will be Nykaa NSE:NYKAA On technical front Price Crosses Moving Average (50-week) After down trend price in consolidation mode making HH and HL Bullish Momentum - Above Short, Medium and Long Term Moving Averages Outperformer - FSN E-Commerce Ventures Nykaa up by 1.32% v/s NIFTY...
Bullish symmetrical continuation triangle pattern has been formed in daily chart of Sterling Tools . This pattern is characterized by converging trendlines, lower highs, and higher lows. It typically occurs during a consolidation period when the market is uncertain about its direction. Here's a breakdown of the pattern: Converging Trendlines: The pattern...
"Continuation Wedge (Bullish)" chart pattern formed on Jupiter Wagons Ltd ( NSE:JWL ). This bullish signal indicates that the stock price may rise from the close of 309.50 to the range of 348-380. The pattern formed over 37 days which is roughly the period of time in which the target price range may be achieved. PLEASE NOTE THAT: This chart analysis is...
The Co. Scan Steels Limited manufactures TMT Rod (under the brand name of SHRISHTII TMT), Sponge Iron, MS Billets/ Ingots, and generates power for captive consumption. Technicals Pattern: Symmetrical Continuation Triangle (Bullish) Duration - 1-2 months The price has broken upward out of a consolidation period, suggesting a continuation of the prior...
The bottom Wedge pattern is a type of continuation pattern that typically occurs within a downtrend and indicates a potential reversal in market direction.he bottom triangle pattern is a type of continuation pattern that typically occurs within a downtrend and indicates a potential reversal in market direction. It's important to note that while technical patterns...
It seems that the price of KAMDHENU has recently experienced a bullish breakout from a consolidation period. This breakout suggests that the prior uptrend is likely to continue. A Symmetrical Continuation Triangle pattern has formed , which is a technical chart pattern characterized by converging trendlines. In this pattern, the price forms lower highs and...
this chart of wipro is for educational purpose only considering monthly chart analysis. elliot wave 4 is in progress, once completed wave 5 will be in progress.
NSE:DEEPAKFERT Daily chart analysis. The chart is self explanatory with Intermediate-Term Bullish. Pattern: Upside Breakout and Retest PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
"Bottom Triangle" chart pattern formed on Zuari Agro Chemicals Ltd ( NSE:ZUARI ). The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. This bullish pattern can be seen on the chart. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not...
A "Continuation Wedge (Bullish)" chart pattern formed on EIH Ltd ( NSE:EIHOTEL ). After a temporary interruption, the prior uptrend is set to continue. This bullish signal indicates that the stock price may rise from the close of 232.20 to the range of 249.00 - 253.00 PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not...
NSE:ARVSMART - DAILY CHART ANALYSIS Pattern found - "Symmetrical Continuation Triangle (Bullish)" A "Symmetrical Continuation Triangle (Bullish)" is a technical chart pattern used in technical analysis to predict potential future price movements in financial markets, particularly in stocks, currencies, commodities, or other assets. This pattern is...
A "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Sutlej Textiles and Industries Ltd ( NSE:SUTLEJTEX ). This bullish signal indicates that the stock price may rise from the close of 59.77 to the range of 69.00 - 72.00. The pattern formed over 36 days which is roughly the period of time in which the target price range may be achieved,...
Chart is self explanatory. Just for education purpose, points to be noted In this type of formation an entry is typically taken when the price breaks out. Buying happens if the breakout occurs to the upside, or short/sell happens if a breakout occurs to the downside. A stop loss is placed just outside the opposite side of the pattern. For example, if...