My analysis of price action in Gold. Currently in a strong downtrend, sell on rise structure. Have marked some key levels and will review the chart after a few days.
Breakout followed by some consolidation above the breakout region and now mark up, price contained in a channel although not perfectly. Any dips at right areas can be a buying opportunity.
Dr Reddy is one of the stocks to watch for a few days/weeks. Clear resistance level is marked and the break of this can lead to a decent uptrend. It has already come out of the descending channel and has been silently accumulating.
This is a hellish market to trade for directional index traders since past few weeks now. Views and opinions have to be revised frequently as Nifty has been forming one range after the another. However all this dull activity whether accumulation or consolidation is building cause for some good trend to develop in the market, just need to analyze price action and...
Nifty futures has been in a slow churning uptrend in the past few days, hace explained all the logic and possible entry points last week, will keep updating this chart from here on in.
BACK AFTER A LONG BREAK! Hope you all are doing fine, now frequent posts from me Bank nifty after consolidating in a trading range on a short term time frame rallied hard, then retested the range back and then again moved up, should cross resistance next session
Bank Nifty after a good vcp pattern breakout moved up in an ascending channel and now has been consolidating in a tight range. have marked important support and resistance levels to track the price further. Better not to do anything till the price is within the range,
Tata Motors hourly chart structure, an ascending channel structure, with the channel lines acting as perfect support and resistance levels. Wait for the price to approach a level and trade in the direction of trend.
An inverted head and shoulder type pattern forming in Bajaj Finserv, price volume analysis looking bullish. Resistance level marked for breakout.
Nifty has formed a mini range on top of a major range and price dipped below the mini range, and now trying to move up again in this weak channel. If the channel breaks to the downside then price will rush to test the major support level marked
Bullish price action, bouncing from trendline, in a mini trading range. Further confirmation of uptrend on the break of the trading range.
Nifty in a broad range, with ascending and descending channels taking turns to push up and down within the broad range. Important support levels just below.
Tata Consumer price action is looking bullish like other FMCG stocks, horizontal support is marked in the chart below which the bullish hypothesis will be negated.
Ambuja Cements after good upmove has now struggled for a long time at the channel resistance line. Formed a mini triangle pattern and now is looking weak and can dip from here.
Marico is looking bullish in this ascending channel, good bar today closing firm, next resistance at 550, supports at 312/487
Nifty Pharma rising from support (double bottom), also close to the channel demand line, can move further up from here.
Great Eastern Shipping(GESHIP) on the verge of a multi year breakout. Keep track of this stock for long term.
Jagson Pharma in clear uptrend since last few months. Price after correcting a bit has again resumed its upwards journey it seems like. SL below 270