mmjimm

mmjimm Updated 

Chart patterns convincing me to post the above titled opinion REASONS 1. HEROMOTOCO has been trading inside a Expanding Triangular Pattern by Taking support & resistance at respective levels 2. Currently, it is going through the up swing move inside the pattern 3. 2022 November Monthly candle seems to be an INDICATION for RACING BULLS ARRIVAL(with high...

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Chart pattern insist me the above titled opinion REASONS 1. NIFTY has been trading inside a Descending channel pattern creating lower highs and lower lows 2. Right now, it is at the resistance level(top of descending channel) 3. Day close above 18260 will pave way for the bulls 4. Safe SL can be Day candle closing out of the Descending channel 5. Target...

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Chart patterns suggests the above opinion... 1. It is travelling in a 7 year channel pattern from 2015.(red and green line) 2. I noticed the shorting possibility at the purple trendline breakdown...forgot to add the idea here. 3. Now, it has formed a beautiful bearish flag and given breakdown again (giving a target downside to roughly 130points) 4. Target...

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Chart does show indications for the above opinion . 1. Inverted Heads and Shoulders pattern (both daily and weekly time frame shows it clearly) 2. Cup & Handle pattern in Daily time frame 3. Entry only after a Breakout above the pink trendline !! 4. 1st Target can be depth of cup nearly 900 points. 5. After achieving the target of cup & handle, we can move...

mmjimm

Chart pattern suggests a good swing opportunity in SIGACHI INDUSTRIES !!! Reasons 1. Breakout with Extra ordinary volume 2. Low & Higher Low gives a clue about bulls entry into Sigachi !! 3. Target & SL levels mentioned @ chart 4. Best SL- 280 Let's see how it moves!!! Fundamentally, Good stock(parameters showing it) and improving cashflow!!! ...

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SRF is travelling in a Descending channel pattern . Now, it is at crucial point for either Breakout or Breakdown!!! Make it to Watchlist !! Will update the levels once it gives the movement with volume!! Let's wait and watch how it moves!!!! Note - Just sharing my view.....not a tip nor advice!!!!

mmjimm Updated 

Chart pattern just explains the situation Reasons 1. Dow theory respected. 2. Breakout with volume . 3. At 4 year old Support Trendline(from 2018). Target & SL levels mentioned @ chart !!! Let's wait & watch how it moves!!!! Note - Just Sharing my view....not a tip nor advice!!!

mmjimm Updated 

Chart patterns poise way for the above titled opinion Reasons 1. SIEMENS travelling in a Ascending channel (From 2019)(Bright red & green lines shown in chart). 2. Now, it seems ready for the downswing (white trendline descending channel shown in chart) inside the Ascending channel. 3. Rounding top too confirming the chances of down move . 4. GAP b/w...

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Chart Pattern itself explains well about the technical situation in ITC. 1. Channel from feb 2022 seems broken [/b ].(we need the next day candle confirmation for a definite move downside) 2. Bearish flag pole pattern (11th nov to till date) roughly gives a target a 18 points down side. 3. Fib levels too broken. SL and Target levels are as mentioned in the...

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Chart Pattern depicts the situation clearly. 1. BankNifty travelling in a Descending channel(bright red and green lines shown in chart) 2. Inverted cup & handle formed and given a Neckline Breakdown with good volume!!! (and low too got tested) 3. Target can be 0.5 Fib support down ! !(as the depth of the cup measured) 4. 1hr closing above 42200 can fail...

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Chart clearly depicts the pattern. PEL - Primary trend is Bearish. Double top - with 2nd top having high lower than the 1st top . Previously there was a double bottom like formation, but the 2nd bottom low was lower than the 1st bottom's low. Let's see whether this double top works or not !!!! Entry only after the breakdown of the white dashed...

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Chart Patterns suggesting me to go with the above titled opinion !!! Reasons 1. Dec 21,22,23 daily candles with volumes suggesting the bears entry .(Dec 23rd candle being breakdown candle of trendline from june 2022). 2. Follow up candles on DEC 26,27 show bulls regaining back but LACK OF VOLUMES SHOWS THEIR WEAKNESS!!! 3. Coming to 2hr timeframe, it is...

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Chart suggests me the above opinion. Few reasons for my opinion: 1.Major bearish flag pattern is seen. 2.Given BREAKDOWN with volume. 3.Head and Shoulders pattern forming ??!! Now its looking like retracement (Broad market is in bullish mode!). whatever so, Our saviour Stoploss must be day closing above the short yellow horizontal line!! As usual, Let's...

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Chart depicts the situation... Strong DOJI candle on 9th december(day candle) with volume at perfect resistance level shows some sort of lag in bulls approach, which may leave space for bears to get back to go through a down swing move inside the triangular primary channel.(clearly seen in weekly time frame) Now, coming to 2hr time frame, 1. Head and...

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In 1hr time frame, Nifty is travelling in a descending channel pattern (as shown in chart) . If the next hourly candle breaks down out of the yellow trendline, we can go short!! 18000 being psychological support, we can increase our quantities after 18k breakdown!! Seems like Nifty is respecting the channel , Let's see how it moves!!! Target and SL levels...

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Chart shows the Bearish Pennant clearly!!! 1. Titan has already given Breakdown with volume on 15th december (day candle) . 2. Bearish Pennant formed (2hr timeframe ) and given Breakdown with superb volume!!! 3. Target level mentioned @ chart. 4. SL can be 2hr candle escaping the pennant.(closing price). Note - Just Sharing my view....not a tip nor advice!!!!

mmjimm Updated 

Chart patterns suggesting the above titled opinion. Reasons: 1. Weekly timeframe H&S pattern . 2. Perfect Triangular pattern awaiting a breakdown(probability more) 3. Fib 0.236 resistance respected and nearby POC (volume profile) 4. Entry only after breakdown in Daily time frame with volume. 5. Saviour SL - high of breakdown candle(safer) 6. 1st...

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Chart pattern insisting the opinion titled above!! Reasons: 1. 9th December Day Candle - Bearish engulfing candle with wick at bottom ( but low got tested the next day ) . 2. H&S pattern in process (right shoulder yet to form). 3. Major Trendline resistance above. Target and Sacred SL mentioned in chart !! Let's see how it moves!!! Note - Just...