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DESCENDING TRIANGLE : Due to the breakdown from descending triangle pattern the stock has become very bearish till the target price is reached TESTED STRONG SUPPORT-RESISTANCE ZONE : The stock has reversed from strong resistance level recently which was earlier tested several times as a strong support TARGET LEVEL : the price has a target level of 3196

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BREAKOUT from DESCENDING TRIANGLE pattern - price has recently broken out of descending triangle pattern with strong confirmation ie large red candlestick REVERSAL from 50D & 100D SMA MULTIPLE times - price has also reversed from 50D & 100D sma several times over the past few weeks. Also 50D & 100D have come very close to each other while price...

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INVERTED HEAD AND SHOULDER pattern Breakout - the stock has broken out of the inverted head & shoulder pattern with gap-up indicating bullish momentum for the stock till the target is reached 50D SMA SUPPORT - the price has repeatedly taken support from the 50D sma line for last few days signaling upside potential for the stock REVERSAL FROM...

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DOUBLE BOTTOM PATTERN : hdfc amc has formed a perfect double bottom pattern on daily timeframe which indicates that market will go upwards after breaking out of it POWERFUL SUPPORT-RESISTANCE LEVEL : it has taken reversal from powerful support-resistance level which had been tested several times in the past indicating bullish momentum for the stock ...

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ASCENDING WEDGE PATTERN - wipro has broken out of ascending wedge pattern with gap-up opening indicating strong bullish momentum for the stock 100D MOVING AVERAGE - price has tested the 100D simple moving average several times and have gone upwards indicating strong potential for upward movement HIGHER HIGHS & HIGHER LOWS - price has formed...

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DOUBLE TOP FORMATION : powergrid has formed a perfect double top pattern on weekly timeframe and seemed to be positioned for further fall. Although it had shooted up suddenly 2 weeks back due to the uncertainty which bubbled up surrounding maharashtra election which affected whole stock market. But after the release of the election results it has started going...

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SAUCER PATTERN BREAKOUT - Nifty has recently broken out of a saucer pattern formed on 15-min timeframe indicating bullish movement SL & TP - SL - 19570 TP - 19682

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ASCENDING WEDGE BREAKOUT - Nifty has recently broken out of the ascending wedge pattern by testing the lower trendline several times indicating strong downward pressure SL & TP - TP - 19525 SL - 19625

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TECHNICAL ANALYSIS - REVERSAL FROM 3OD & 50D CROSSOVER : Price has taken reversal from this crossover AT 2:30PM last friday on 5-MIN timeframe BREAKOUT FROM STRONG SUPPORT-RESISTANCE ZONE : Price has recently broken out of one powerful support-resistance zone indicating upward pressure STOCHASTIC & MACD INDICATOR : Price has become overbought in...

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TECHNICAL ANALYSIS : THREE DRIVES HARMONIC PATTERN - Nifty has formed a strong descending harmonic pattern (Three Drives) which clearly indicates reversal happening very soon DOJI PATTERN - Nifty has also formed a nice doji pattern which indicates a reversal of the ongoing trend HAMMER PATTERN - Also a hammer pattern is formed which again...

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TECHNICAL ANALYSIS : ASCENDING RECTANGLE BREAKDOWN - Price has broken down from the ascending rectangle pattern with confirmation VOLUME SPIKE - On 21st july, price has shown huge volume spike with the breakdown indicating strong downward momentum 50D SMA BREAKDOWN - Price has broken out of the 50D sma after consolidating above it for a long...

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TVS Motors have formed an ascending wedge pattern on the daily timeframe with 2 contact points above and 3 contact points below Yesterday it has broken out of the pattern with gap-up which acts as a very strong confirmation of the success of the trade Although no volume surge is present but RSI is present in OVERBOUGHT zone indicating that the momentum is...

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TCS had formed a perfect head and shoulder pattern on weekly chart which was nicely broken down and had finally reached the target

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infosys had formed DOUBLE TOP in the last few weeks and had finally broken it and reached the target The double top was formed alongwith the wedge pattern which was earlier mentioned

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Cradle pattern (consisting multiple doji, hammer, hanging man) is a very strong reversal indicator. Nifty formed cradle pattern from 15th mar - 30th mar indicating strong reversal on the way Tweezer Bottom is also a very strong reversal indicator and nifty formed this pattern on 24th mar, 27th mar & 28th mar (having tested thrice instead of twice) again...