It seems that NIFTy50 has formed Head and Shoulder pattern and yesterdays freaky Friday broke the shoulder level. However need to check whether this crash was one off event and whether NIFTY will manage to move up from here. NIFTY recovered its intra day loss and ended at a good support level
Seems that Nifty is poised to bounce back. Analysis for education purpose only
There may be a chance of short term bearish trend on Ashok Leyland. This is just for learning. Experts please clarify whether analysis is correct
Experts, please let me know whether my analysis is correct
Tatamotors showing bearish down flag with target around 380 Only for study
Probable down trend for Voltas This analysis is just for study
BEL showing MACD divergence, may be a good shorting time. This is also coinciding with the trend line.
IOC is showing Up Flag pattern which is a Bullish pattern with a nice breakout with good volume. Target around 470 Also MACD showing a crossover 4 candles before the breakout (this is just for study purpose, PROs please advice)
TVS Motors showing Bearish Crab pattern on daily charts PROs please let me know whether analysis is right?
Bearish butterfly pattern for Ceat