NSE:HINDPETRO appears to have taken support near 169 level and has been moving up slowly. It is facing resistance around 297 levels. However, it is taking support on the WLY Up trend indicating the Up trend to be intact.
A breakout is possible once price crosses immediate resistance level around 297.
Keep strict SL at 247 levels with a target of 397 and...
This is a trend based analysis of NSE:AMARAJABAT . Price is looking bearish on MLY, WLY, DLY and 4H time frames. For the near term future, going short looks more profitable.
Indicators Used:
Trend lines at different timeframes.
Support - Resistance levels at different timeframes.
Disclaimer: This is shared as an idea and not a recommendation. It is a...
Price appears to have broken the Medium to long term downtrend with good volumes. Price appears to be consolidating and currently is providing a good entry now with a very conservative Risk Reward ratio. More news on the probable merger with IRCTC will also push price up seeing the price run up in IRCTC.
This is a trend based analysis of NSE:ITC . Price has not fallen off and has taken support at the MLY Support level multiple times. Although the pattern is almost covered by the price, it has not been bale to break the Support level. It looks like either a bullish break out is possible or strong price consolidation is taking place. As the stock is fundamentally a...
This is a trend based analysis of NSE:CANFINHOME . Price is looking bearish on MLY, WLY, DLY and 4H time frames. Further, price has resistance at the WLY S-R levels. For the near term future, going short looks more profitable.
Indicators Used:
Trend lines at different timeframes.
Support - Resistance levels at different timeframes.
Disclaimer: This is shared as...
This is a trend based analysis of NSE:BHARTIARTL . Price is looking bearish on MLY, WLY, DLY and 4H time frames. Further, a Descending Triangle pattern is emerging further confirming the Bearish bias. For the near term future, going short looks more profitable. Initial target of 5% on the short side is possible. This will be very profitable if one plays the...
This is a trend based analysis of NSE:NAM_INDIA . Price is looking bullish on MLY, WLY, DLY and 4H time frames despite the small correction. Price has tried to cross the MLY S-R level and has corrected a couple of times. The ascending triangle pattern suggests a bullish bias in the short term. For the near term future, going long looks profitable. Slightly risky...
This is a trend based analysis of NSE:ITC . Price is looking bearish on MLY, WLY, DLY and 4H time frames. Further, a Descending Triangle pattern is emerging further confirming the Bearish bias. For the near term future, going short looks more profitable.
Go for a 1:1 initial trade and if successful trial SL to lock in profits.
Indicators Used:
RSI and...
This is a trend based analysis of Crude Oil Futures. Price is looking bearish on MLY, WLY, DLY and 4H time frames. Further, an Ascending Triangle pattern is emerging however for the near term future, going short looks more profitable. Going short as the price is close to all time highs and profit booking took place at these high levels previously. This is a bet...
Price is currently forming an Ascending Triangle pattern and is closer to breakout.
If strong breakout occurs, then price will rally towards the target.
The ascending pattern is observed in MLY and WLY time frames. As per the definition, if the pattern holds good then the target is around the range of 1850 - 1880 which is 30% higher than current price.
Note: ...
Price has moved up again after falling considerably from previous high all the way down to 500 or less.
This is a trend based analysis of NSE:BHARTIARTL .
Price is looking bullish on different time frames. Further, an Ascending Triangle pattern is emerging further confirming the Bullish bias. Looks like the triangle break out may have occurred in WLY but not on...
The overall trend of ITC appears to have reversed from a long term downtrend. The MLY, WLY, DLY and 4h time frames suggest the trend is Up for the immediate medium term.
Based on this, price appears to be forming an Ascending Triangle pattern - A bullish breakout pattern. The target is indicated by the Blue horizontal line.
Trend line analysis and Support...
First analysis of Crude Oil Futures.
Price has recently reversed from the S-R level and has tested it again. An ascending Triangle pattern is forming and may take few more sessions before forming fully.
If confirmed, then price can move all the way up and end at the level marked by the Red arrow breaking the month old Resistance zone.
For time being, price can...
Price is showing reversal of trend at 4H time frame. It has made HH - HL to move upwards.
A further break of trendline may give further push to the price and the trend.
If the trend is confirmed, it may quickly move up to hit the next target as mentioned in the chart.
This analysis is purely based on the price movement of NG - Futures.
Note: 29/03/2021 is a...
This is a trend based analysis of Natural Gas Futures. Immediate price trend is down. It is currently in the strong WLY S-R area. If it cracks this, price will fall further.
Price has fallen following the descending triangle pattern and is following the trend.
Indicators Used:
Trend lines at different timeframes.
Support - Resistance levels at different...
This is a trend based analysis of Natural Gas Futures. NG price is looking bearish on MLY, WLY, DLY and 4H time frames. Further, a Descending Triangle pattern is emerging further confirming the Bearish bias. For the near term future, going short looks more profitable.
Indicators Used:
21 EMA & 55 EMA for identifying EMA crossover.
Trend lines at different...
