premanandh

premanandh

gail was in a upward rising channel for long time and currently formed a double top . . more chances it may go down

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sunpharma has been within descending channel, and it has formed double bottom on weekly charts, all these patterns i have marked in the charts, one can look for breakout of the neck line to see a good upmove or the prices may travel within the range . .... please comment your ideas

premanandh

is titan forming head shoulder pattern ? currently the market is at the top of right shoulder. . any views and comments always welcome

premanandh

not a great fan of fibonacci . . but found out some charts respecting fibonacci numbers. infosys. on monthly charts on every swing the market retraces back to 50% fibonacci levels, i have marked the earlier two swing levels and its 50% retracement levels. if we consider the current swing levels 860-1400. its 50% retracement levels goes back to 1130. . will see...

premanandh

good time to sell current market price at an important levels in downtrend line in downward market

premanandh

grasim is currently at crucial levels the overall trend is downtrend, but the market is showing short upmove there is a major downtrend line ( marked in green). we can wait what the stock does either it breaks or follows the trend. most probably it will go with trend one can look for opportunities to sell. these are the levels we have to look for. ( any ideas ...

premanandh

a clear-cut break down of rising channel line see in sbin . In daily charts the market has been forming rising channel line but today there is been a break out of the lower channel line we can expect some down move

premanandh

selling pressure seen in zee entertaiment

premanandh

Breakout of upper channel line occuring in yes bank one can see chances for buying

premanandh

formation of triangle pattern since it is a short term pattern it may be a pennant . . may expect some good breakout

premanandh

HDFC Currently in base of rising channel

premanandh

hello guys . . today came up some good chart patterns jindal steel is forming cup and handle pattern on daily . . the handle ( pink colour ) looks like triangle has been forming for past 6 months ( classical triangle pattern forms 6 months ) prices are nearing its apex one can see chances for break out happening probably on the upside ( it can breakout on either...

premanandh

powergrid usually goes for a swing and consolidates for a while on monthly charts . currently the market is in major support levels which is the base of consolidation levels . . previously the market has been hovering around this range on daily charts . . one can find some support at these levels and see opportunities for buying at these levels, rsi also hitting...

premanandh

lupin has been on long term downtrend, today ( 8-6-18) the market is trying to break the major downtrend line, by forming engulfing patterns by candlestick on daily with good volume . we can see opportunity for buying.

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HI ALL today came across a chart pattern on bajajfinance it is forming channel or box patterns on daily charts within a range of 2150 to 2160 levels can expect some break out on the upper or lower side if price crosses these levels

premanandh

eichermotors cuurently the market is in major trend line levels (green colour) which is in confluence with support levels (red colour) candlesticks forming engulfing patterns ( currently, candlesticks may change at the end of day ) on daily charts giving some indication for buying opportunity we can expect an upmove upto 3800 levels

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torrent pharma is at crucial level currently the market is in major resisitance levels which is in confluence with upper band of channel line i have already posted before one month that market will fall from these levels 1419, it came down to little extent.but after one month of fall yesterday a single long green candle with with good volume covered the entire...

premanandh

hi my fellow traders . . today i came across a chart pattern falling wedge on daily and weekly charts in godrej industries, initially the stock was in uptrend following which the stock formed falling wedge on both daily and weekly charts currently the markets are in the centre of wedge . .try not to trade at these levels. . if the markets reaches 600 levels the...