Veto Switchgears & Cables Ltd - Daily chart analysis - Symmetrical Continuation Triangle has formed, which means:- A Symmetrical Continuation Triangle (Bullish) is a bullish chart pattern that appears during an uptrend and indicates a potential continuation of the upward movement. It is formed by two converging trendlines, where the lower trendline is ascending...
Technical analysis pattern known as a "Bottom Triangle" has been formed within calculated geometrical angles. This pattern typically indicates a potential bullish reversal in the market after a period of consolidation or uncertainty. Here's a breakdown of the key characteristics: Converging trendlines: The Bottom Triangle pattern consists of two trendlines, one...
In Granules after a period of uncertainty or consolidation, the price has recently hit a low point and has exhibited promising indications of a reversal. This is evident as the price has broken upwards, indicating a shift in market sentiment. During this time, a pattern known as a Bottom Triangle has formed, characterized by two trendlines that converge. As...
The saregama India Ltd. daily chart analysis for reference only, markedinvalid zone and targets on chart. Also note this reference is supported by backtesting for previous years. Have no personal exposure. Conclusion: Downtrend looks minimal before reaching targets. Note for everyone who came across this reference: This chart analysis is only for...
Daily chart analysis of Vijaya Diagnostic Cen Ltd. tells me that the price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty/consolidation. Note for everyone who came across this reference: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I...
The chart is self-explanatory, with all levels marked for Short term trade setup in TataSteel. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend. The Head and Shoulders Bottom pattern is observed after a significant downtrend, characterized by three consecutive price declines. The middle decline forms the lowest point, known as the...
Daily chart analysis of Maruti Infrastructure Ltd. showing price has formed bullish flag pattern as a bullish signal, suggesting that the price is likely to resume its upward movement after the consolidation phase. This may be use as opportunity to enter long positions or add to existing positions in anticipation of higher prices. Note for everyone who came...
TEXRAIL The price has recently experienced a breakout from a consolidation period, indicating a likelihood of the previous uptrend continuing. This breakout is associated with a pattern called a Broadening Formation, which typically occurs within a downtrend. In this pattern, prices form higher highs and lower lows, resulting in a widening pattern. However, as...
Megaphone Bullish Pattern seen in barbeque nation hospitality ltd. It represents a battle between buyers and sellers, leading to peaks and troughs in price. When connecting these highs and lows, the megaphone pattern emerges. Can we use a megaphone pattern for Day trading, scalping, and position trading? Regarding the usability of the megaphone pattern for...
Shemaroo The price has reached a point where it appears to have hit a bottom and is now showing signs of a potential reversal. This is indicated by a pattern known as a Bottom Triangle, which involves two trendlines converging as prices form lower highs and higher lows. During this phase, the trading volume tends to decrease as the price fluctuates within a...
SHARDACROP The price is currently showing signs of resuming a strong rally after a temporary pause. This resumption is characterized by a pattern known as a bullish Flag. The Flag pattern typically occurs within a dynamic market rally and represents a brief consolidation or pause as the market takes a moment to gather momentum before continuing its upward...
Kitex Garments Ltd. 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 has formed during a downtrend as the price reaches two distinct lows at roughly the same price level. Finally the price breaks upward above the highest high to...
There is a positive development as the price breaks above the upper trendline before the triangle reaches its apex. This breakout is accompanied by a noticeable increase in trading volume, which serves as confirmation of the bullish nature of this pattern. It suggests a reversal of the prior downtrend and indicates a potential upward movement in the price. In...
NICCOPAR A Symmetrical Continuation Triangle (Bullish) is characterized by the convergence of two trendlines as prices form lower highs and higher lows. This pattern indicates a period of consolidation and uncertainty in the market direction. During this phase, trading volume typically diminishes as the price oscillates within a progressively narrower...
The Birla corp daily chart analysis for reference only. The chart is self explanatory all levels marked for reference. Also note this reference is supported by backtesting for previous years. Have no personal exposure. Conclusion: The price is in bullish Trend. Note for everyone who came across this reference: This chart analysis is only...
pidilite industries 1. weekly demand zone has been marked (concept is rally base rally) 2. on weekly demand zone there is confirmation of bullish reversal as per harmonics. 3. support + target is mentioned. Disclaimer: this is just for educational purpose and not an advise to buy and sell.
This stock has formed a pattern called Continuation Diamond ( Bullish ), providing a target price for the long-term in the range of 420.00 to 499.00. What is continuation diamond pattern? A continuation diamond pattern is a bullish technical analysis pattern that typically occurs in the middle of an uptrend. This pattern is formed when the price of an asset...