A "Continuation Wedge (Bullish)" chart pattern has emerged on the BCPL Railway Infrastructure Ltd (BSE) stock . This pattern, suggesting a potential upward movement, implies that the stock, currently closing at 58.26, might experience an increase in the range of 75.00 to 79.00. This pattern took shape over a span of 33 days, roughly aligning with the...
Technicals Bullish Momentum - Above Short, Medium and Long Term Moving Averages The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. MACD + RSI POSITIVE Pattern: Symmetrical Continuation Triangle (Bullish) The stock is seeing buyer demand, and is bullish across its technicals compared to the rest of the...
A Symmetrical Continuation Triangle (Bullish) is a technical chart pattern used in technical analysis to predict potential price movements in financial markets, particularly in stocks, currencies, and commodities. The same has been identified in daily-chart of BSE:HAZOOR Hazoor Multi Projects Ltd. This pattern is characterized by the following key...
NSE:RADICO - DAILY CHART ANALYSIS The price was heading down, making lower lows. Initially, the RSI indicator was following the price too. on daily chart its seen that the RSI starts making higher lows while the price is still heading down. That’s when divergence pattern appears. After a bullish divergence, the price will tend to change from a...
Zomato Technical Analysis for this week moving averages indicating: strong buy technical indicators indicating : strong buy Technical Indicators stoch(9,6) 65.133 buy macd(12,26) 0.710 buy adx(14) 41.266 buy cci(14) 167.5617 buy atr(14) 0.5750 high volatility highs/lows(14) 1.6857 buy ultimate oscillator 60.203 buy roc 5.202 buy bull/bear...
Company: INOX WIND LTD. NSE SYMBOL: NSE:INOXWIND Chart Analysis: Daily Chart Pattern Identification: Double Bottom & Symmetrical Continuation Triangle (Bullish) The price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend. The price has broken upward out of...
A bullish chart pattern known as a " Diamond Bottom " has emerged on the DAILY-CHART of JK Lakshmi Cement Ltd ( NSE:JKLAKSHMI ) . This pattern is considered a positive indicator, suggesting that the stock price could potentially increase and reach a range between 748.00 and 765.00. The pattern took shape over a period of approximately 71 days, and this duration...
Rushil Decor Ltd. Daily Chart showing Double Bottom & Head and Shoulders Bottom Pattern Formation Double Bottom Pattern The price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend. The Double Bottom pattern forms during a downtrend as the price reaches two...
A "Double Bottom" is a technical analysis chart pattern frequently observed in financial markets, such as stocks, commodities, and forex. This pattern is considered a bullish reversal pattern, indicating that an ongoing downtrend might be coming to an end and a new uptrend could be emerging. The Double Bottom pattern consists of two distinct downward price...
A Continuation Wedge (Bullish) is a technical chart pattern often observed in financial markets, particularly in price charts of stocks, currencies, commodities, and other assets. This pattern is characterized by its appearance during an uptrend and signifies a temporary pause or consolidation before the prevailing uptrend resumes. Here's a breakdown of its...
Bottom Triangle chart pattern formed on Star Cement Ltd . The pattern formed over 25 days which is roughly the period of time in which the possibility price range may be achieved, according to standard principles of technical analysis. Tells Me: The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of...
A "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Electronics Mart India Ltd ( BSE:EMIL ). Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. This bullish signal indicates that the stock price may target up range of 150.00 - 160.00. PLEASE NOTE THAT: This chart...
Daily chart analysis of EQUITASBNK tells me that following a brief pause, the previous upward trend is poised to resume. A Bullish Continuation Wedge illustrates a momentary pause in an ongoing upward trend, characterized by two converging trendlines that both slope downward against the prevailing trend. Throughout this phase, there's a struggle between...
A Symmetrical Continuation Triangle, also known as a Bullish Symmetrical Triangle, is a technical chart pattern observed in daily chart of Godrej Agrovet Ltd. This pattern is considered a continuation pattern, indicating that the price is likely to continue in the same direction as the trend that was in place before the formation of the triangle. In the case...
DAILY CHART ANALYSIS OF NSE:MONTECARLO The Diamond Bottom pattern, also known as the Diamond Reversal pattern , is a technical chart pattern frequently used in technical analysis to identify potential trend reversals in financial markets, such as stocks, forex, and commodities. It is a rare pattern and is considered a reversal pattern, indicating a potential...
NSE:MINDTECK - Daily Chart analysis. It seems the stock will form bottom head and shoulder pattern. The chart is self explanatory with Intermediate-Term Bullish. 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...
Why NYKAA Looks Good? In the recent price action, we have observed a notable bullish trend as the price has surpassed the level it was trading at 10 bars ago. This upward momentum indicates a positive market sentiment and suggests the potential for further price increases. Furthermore, we have also noticed a significant development in the price crossing...
The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. Diamond pattern has been witnessed in the stock GAEL. The Diamond pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the...