newbieintrading

newbieintrading

It seems Nifty50 is forming Head n Shoulder. Although making of right shoulder is in progress. Soz anything here is just an assumption. Similar chart pattern is forming in Bank Nifty. And before if even it makes HnS pattern (it might take a month).. nifty50 and Banknifty would've touched 18100+ and ~43000 respectively. Feel free to share your view. Im still a novice

newbieintrading

This is my fresh view on idfc first bank. Results were nice in last few quarters... It should reverse the trend from the dashed line in the chart.

newbieintrading

There's Descending traingle pattern. Head and shoulder patter is also there in the chart. So, after 17000, 16800 is a great support. Already touched it multiple times. Another thing u will see...the RSI...which is trending in a symmetrical triangle which making me think... Instead of a breakdown we can see the breakout of traingle..... Although there are lot of...

newbieintrading

According to my chart analysis, it's kinda creating a curve... I mean .. it's probably forming a cup and handle pattern..(now ...a making of a cup is in progress) and it's in the pre- stage. So one can trade by buying at lower band and book at upoer band. Minimum 15 points trade (like 206 to 220rs as per price action) Right now , indicators, MACD is showing its...

newbieintrading

Is it forming an inverted HnS here or is it totally wrong? Is this a cup like pattern? (Weekly TF). Anyways ...based on chart pattern according to me... It will change the trend to uptrend from 42 level (41.90) and 40 is the great support. .easy targets 50-53; then 60-61 (I might be wrong all in all... So.. seeking pro insights...))) Thanks in Advance

newbieintrading

In a upper band of parallel channel, upside BO of channel will confirm with RSI.. (For quick trade).. im a beginner.

newbieintrading

I'm new here. Can someone help me to interpret it. Apart from trendline resistance, the pattern it is trading in will be called falling wedge??? As NTPC has declared the dividend date (10/sep), so, im expecting short term upside. Plus NTPC has been flat from last weeks. Btw im an option trader. Any insight given by u experts would be helpful.