On the daily timeframe, we notice an inverted head and shoulder pattern, as well as after breaking a long lower low pattern and making an excellent higher high pattern on the weekly timeframe, In my observation we see 20% -30% upside in next 2 to 3 quater.
Asian paint give a reversal from 100 days moving average and give a breakout from consolidation with good volumes
after a long consolidation period in tata consumer again its ready for swing its take support and comes in bullish momentum for the upside level
IT IS CLEAR HANDLE AND CUP FORMATION IN THIS STOCK AND ALSO TRADING IN THE IDEAL BUYING ZONE FOR THE BIG UPSIDE MOVEMENT.
IT IS CLEAR HANDLE AND CUP FORMATION IN THIS STOCK AND ALSO TRADING IN THE IDEAL BUYING ZONE
WE SEE IN THIS STOCK IS MOVING WITH A STRONG UPTREND SO IF THE UPTREND CONTINUES WE WILL 10% IN THE NEAR TERM. IT ALSO MOVES ON SUPPORT ZONE.
In this 1 hour timeframe, a good consolidation after a good rally is going to be a breakout in quick 1 to 2 candle formation on the upside, after that we see a big upside 10% -15%
trade with trend
In Nifty bank, I observed that there is resistance in the current level when this resistance break we see an upside of 500 points in the near term. Due to market sentiment, this will we happen on Monday or a Tuesday
It has been observed consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the large move of 10% to 15%
A long Daily downtrend appears to have bottomed out with a surge in volumes forming a "Butterfly" harmonic pattern. Breakout of the Rounding Bottom is indicative of a Bullish Reversal, which could push up towards the next resistance zone.
It makes a clear inverse double bottom pattern that is going to prepare for a good upside breakout so we can see upside in the near term that also leads bank nifty.