readfanatic

readfanatic

NOCIL seems to be forming a green flag on the monthly chart. Can new highs be expected after range-bound movement?

readfanatic Updated 

It might possible form a cup and handle before reaching new highs. If correct, huge upmove expected.

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It is forming a triangle pattern but I don't see any change (increase/decrease) in volume

readfanatic

BCG stock has been consolidating in a triangle for sometime now. Combined with increase in volume. Is it ready for an upmove?

readfanatic

It has been consolidating for a while now. In the monthly chart, TSI levels indicate a upmove. Let's see.

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The yellow lines indicate the next support levels as it has started gap fill on the down side

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The share value is near the high it reached in 2017. Will it serve as a support ?

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Seems like a prediction against the current market stance, but TSI is falling while price is rising. Can be a false signal too.

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We can see positive divergence ( price stayed within range, but TSI rose) in ICICBANK. Long expected?

readfanatic Updated 

Earlier I had posted charts observing divergence in HEROMOTOCO and MARUTI. same observed in TATAMOTORS . Entire auto sector expected to rise soon ?

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Short-term divergence in 15 min chart of TATASTEEL, price is making lower highs while TSI is rising. Sign of an upmove?

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Will it go bounce back and go long after showing dropping to 895?

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Huge cup and handle pattern possible. Huge up move if confirmed.

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Price has stayed within range but TSI is rising, might get an opportunity to go long

readfanatic Updated 

ITC has formed a very rare triple bottom pattern. While at first glance it seems like H & S, we need to rememeber H& S occurs during an uptrend. Triple bottom occurs during a downtrend which is happening now.

readfanatic Updated 

TSI is rising while the price is falling in the 30 min chart.

readfanatic Updated 

Apollo Tyres tried to break out after the triangle consolidation but it turned to be a fake one. Let's see if it retests the resistance again.

readfanatic Updated 

I haven't used any other technical or fundamental analysis to validate the levels, but seems like NIFTY might go down again.