Currently , seeing support at channel lower trendline.
INFY- Right at support of up trending channel... let see gonna make it or break it
If Infy closes below 900 levels on monthly chart. Then Probability of cypher pattern may unfold.
There is a probability of 5-0 pattern on Nifty hourly.. Hence if its unfolds, the recent pullback in NSE:NIFTY may extend to 9872- 9900 levels
Nifty witnessed a negative closing ending the week 355.60 points down or 3.53 per cent down. Lets analyse, why ? Technically , if we go by analyzing past three week candles, they were all indecisive candles,suggesting both bulls and bears are fighting for their runs. let see what are those candles. 1. Doji - Indecisive candle 2. Shooting Star - Indecisive...
Minor Correction has been see in Dmart , after it completed the ABCD Pattern( .50 - 2.00)- Refer markings Currently is near its support, let see whether its gonna break it to correct more or make it to see new highs.
Quick Heal Technologies is hovering near its support zone ( 210-206- 200 ) from past 2-3 weeks. The price action suggests that bears are not aggressive at these levels. Volume levels seems to be average. These levels are definitely crucial for the stock in the near term. Hence any break or close below 200 levels, may see fast move towards 194 or 186 levels. On...
This is the Chart of Quick Heal on the daily scale, A falling Wedge pattern did appear and the Prices breaks out downward. Though Falling Wedges patterns are supposed to breakout upwards, but here it breaks out downward. This pattern forms over a period of approx 6 months. Break out came with a gap , hence signalling price may go down further. Support for the...
On Weekly chart we can see Jubliant food forming Bullish Shark, wherein we can see overlapping price action and bullish Bars( Hammer & Doji) near its prz area. Positive Divergence can also be seen in RSI. Break below the Prz area would invalidate the said probability. Near term Resistance can be seen at 920-940 levels, hence stock might spent some time near...