Everything is visible on the charts. Gillette rests at a very good supporting trend line and has taken a bounce from the lower end of the rectangular range.
Accumulate with 6000 as SL for few months.
The view is purely educational. Consult a certified professional before initiating any positions.
Currently I'm sharing the hourly chart of Nifty. Tomorrow being the budget day, it is going to be quite volatile. Looking at the charts we see a really good double bottom formation at 11950-12000 levels. In case this level breaks, we will see Nifty accelerating towards 11800, 11600-11500 and then 11,000.
With each level acting as a support, it will interesting to...
What pattern can we expect? Can we expect CARE to hit upper resistance zone of 700 750 and turn back?
Possible patterns:
1. Rounding bottom
2. Cup and handle (mean reversion in smaller time frame before the next upmove.
3. A double bottom reversal from 600 levels (the W reversal pattern).
I have entered at 600 with a positional view and a tgt of in the zone of...
Bank Nifty has been quite volatile because of overall shakey markets. Irrespective of what happens in the world, as a trader it is important for me to focus on how stock market reacts.
According to me, Bank Nifty will find support at 31000 and we can see a rally towards 32150. When it reaches 32150, there will be a formation of head and shoulders pattern on daily...
Nifty has been quite volatile for past couple of days which has led to formation of a triangle. Any decisive upmove or down move completely depends on the side Nifty breakouts. On a personal level, I don't trade breakouts or breakdowns, however a retest to breakdown or breakout level will be icing on cake. Trade wisely and accordingly. Take advice from a certified...
