Taken into consideration 946.25 as resistance and top zone taken into consideration 739.25 as support or bottom zone from low on 17th June 2022 to high on 9th December 2022 is 100% approx. Green arrow indication on chart. and from high on 9th December 2022 to low on 27th Jan 2023 is 100% approx. Red arrow indication on chart. //basis of above facts downfall...
A Symmetrical Continuation Triangle (Bullish) Pattern found on daily chart The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. Short term target is marked. 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...
Nazara Technologies Ltd. It appears that the price has completed a phase of "accumulation" at the bottom of a major downtrend, and the recent breakthrough of the resistance level suggests a potential reversal to a new uptrend. To identify this pattern, traders often look for a Head and Shoulders Bottom formation, which involves three consecutive price declines...
It appears that the price has hit its lowest point and is now showing indications of a reversal. This is evident as it has broken out of a period of consolidation or uncertainty and is moving in an upward direction. This pattern is commonly known as the Diamond Bottom pattern, which typically occurs during a downward trend. The pattern is characterized by a...
The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. Conclusion: Downtrend looks minimal before reaching possibility zone. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I...
A continuation wedge bullish is a technical chart pattern that can indicate a potential bullish trend continuation. This pattern forms when the price of an asset has been in an uptrend and then starts consolidating in a tightening range, forming a wedge shape. In a continuation wedge bullish pattern, the price tends to break out of the wedge pattern in the...
Jubilant Foodworks analysis 1. Bullish divergence on the daily chart. 2. The RSI (daily, 14) is clearly forming a bullish divergence as can be seen from the chart above, which indicates bullish. 3. in today’s session (20th March 2023), the relative strength of the stock is good. 4. Volume in today's session was more than average volume. 5. Bullish engulfing...
On Daily Chart two patterns has been noticed recently in CANFIN HOMES: Continuation Diamond (Bullish) and Flag (Bullish) Continuation Diamond (Bullish) - explanation The script canfinhome previously experienced a period of consolidation where the price moved within a specific range. However, the price has now broken out of this range in an upward direction,...
Based on recent activity of Tirumalchm, it appears that the price has hit the bottom and is displaying indications of a reversal. This is evident by the fact that the price has broken upward after a period of consolidation or uncertainty. One potential pattern that can be observed is the Diamond Bottom pattern. This pattern typically occurs during a downtrend,...
Double Bottom pattern is formed in Welent. A bullish reversal pattern that is formed when the price reaches two distinct lows, or bottoms, at approximately the same price level. This is usually a sign that the selling pressure has been exhausted, and buyers are starting to take control. The volume tends to decrease as the pattern forms, which is an indication...
Based on the chart analysis, it appears that the stock is reaching a potential bottom point. This is indicated by a bullish divergence pattern at the all-time low, which typically suggests a possible reversal of the downward trend. Additionally, the stock has recently broken through a short-term resistance trendline, indicating a possible upward...
When we talk about market trends, we use the term "momentum" to refer to the speed at which prices are changing. If a market is experiencing a bullish event, that means that prices are rising and we can see that there is an upward momentum in GMM Pfaudler Ltd. Momentum is important because it helps us gauge the strength of price trends. The chart is for...
An Ascending Continuation Triangle is a bullish pattern has been identified in Kamat Hotels by two converging trendlines, where the lower trendline is rising, and the upper trendline is horizontal. The pattern indicates that buyers are more aggressive than sellers as the price forms increasingly higher lows and constant highs. Once the supply of shares available...
uflex is undervalued stock with a potentially attractive risk-to-reward ratio at its current price level. If the stock reverse from current direction, its recent 52-week low of INR 338 would serve as an exit point. On the other hand, if the stock were to move upward, the first target to watch for is around 394. On daily chart it seems created demand Zone...
30 minute chart analysis of hleglas for educational purpose. The chart is self explanatory, marked as 1st option and 2nd option short term price movement going forward, also marked invalid zone. 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...
This stock has formed a pattern called Double Bottom, providing a target price for the intermediate-term in the range of 87-89. The price recently crossed above its moving average signaling a new uptrend has been established. It appears that the price of DBRealty has reached a low point and then rebounded, indicating a potential reversal of its downward trend...
Clarification of setup 1. candle closure on 7th feb and 14th march 2023 seems there is good support near 2720 levels and can be assumed as double bottom setup. 2. divergence has occurred between price and RSI , indicating short term bullish pattern . 3 entry, t1 and t2 has been marked in chart. Note for everyone who came across this study: This chart is only...
Multiple analysis for Lambodhara Textile -Elliot wave - trend analysis and prediction -Fibonacci - targets to follow -Harmonics - price indication -Supply Zone from where price to react Chart is self explanatory and only for educational purpose