HINDUSTAN UNILEVER is making descending triangle in 30 min time frame. The descending triangle is a bearish formation. It is usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns. Most traders look to initiate...
It is not yet conformed that the stock will move up or go down, wait till it give any confirmation. A head and shoulders pattern is a chart formation with baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a...
Elliott Wave footstep for Voltas: Validation: W2 & W3 corrective W2 retraced at 50% exact W3, price extended 161% compare to W1. The Corrective W4 traveled in rage between 38.2 and 50%. W5 exactly was normal. The price is under the waves a,b, and c correction. Support 408, can push...
The stock has already formed the DOUBLE TOP pattern. A double top has an 'M' shape and indicates a bearish reversal in trend. Now forming Symmetrical triangle, the value is going lower but it has strong support point to be noted and the volume is not increasing so price will take some time to go for the target that is 187 nearby. (Symmetrical triangles occur...
price will remain in channel.