NIFTY AUTO Index have formed similar pattern like MARUTI - Inverse H & S, and Triangle pattern. TATAMOTORS and MARUTI are two major constituents which will move AUTO Index. Bullish Momentum above ~7700
PVC Segments are bullish. One of the outperformers in this segment is Prince Pipe. After 4.5 Months of consolidation and highest closing of 738, finally gave close above that level.
Ready for Big Breakout above 16. Hold tight as it is very volatile.
We are seeing buyers not allowing it to fall below 3000 level. 3000 being a round level is Psychological important. Keep in Watchlist.
Good Opportunity to invest in Gold. Volatility compression in triangle and consolidation on higher side. Currently, near demand zone ~45900. Ways to Invest : GOLDBEES, Physical Gold, GOLD1! Contracts on listed on MCX.
Trade Logic: 1. Price Consolidation in rectangle. 2. Use Darvas Box principle 3. On Daily TF, RSI above 60
Trade Logic: 1. Inverse H&S Pattern and Triangle pattern. 2. Price Action is very good. 3. On Weekly TF, there too is Inverse H&S pattern formation.
Trade Logic: 1. Having Higher lows. Is this start of new up trend? 2. Trading inside falling wedge like pattern. Calculated based on closing price (Refer Line chart)
Short Term Pick. Trade based on trendlines and price structure.
Swing Trade Ideas. Watch out for triangle pattern breakout.
Trade Logic: 1. Respected Double top formation and reached its target. Now moving up. 2. Gap filling also done. 3. Stock trying to break it's all time highest closing from 2018 i.e., 421.50 4. Volatility compression seen from July-August (~2 Months). Refer Flag and Pole Pattern on charts. For clear understanding switch to line chart.
Trade Logic: 1. RSI Divergence and making multiple lower lows. 2. From Top to Current levels, this stock have fallen by 30%. Can hope that correction is over. 3. ~250 is good support.
Short Term Pick: 1. Inverse H&S Pattern based on Line Chart. 2. Good Bounce from Trendline during recent time. 3. Flag & Pole Pattern. 4. Take Entry with Inside Bar Strategy.
Falling wedge pattern and RSI Divergence on recent lows.
Weekly Chart Analysis: Excellent Price Action Development with Inverse H & S pattern. On Daily Charts, there formation of triangle pattern. Can buy at CMP.
Weekly Chart Analysis: S & R trade, Slowly crawling on orange trendline. Can buy at CMP at wait for triangle breakout. SL -> weekly closing below orange trendline. This trade is tricky, manage position sizing properly.