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