vaibhav14476

vaibhav14476

CUB price is in flag pattern on hourly chart. Flag pole is in place and final portion of the pattern is in progress. Price is falling making a wedge & taken support from supportline ( black ).

vaibhav14476 Updated 

CUB price is moving in falling/bull wedge on hourly chart. Breakout should be upward as a textbook rule. Target can be prior high , which is around 190. Can trade only after valid breakout.

vaibhav14476

Price is trading within the coil. About to breakout. Watch carefully & trade only after breakout from coil. This is hourly chart ... can use this idea only for short term

vaibhav14476 Updated 

Bull wedge on hourly chart. 1,2,3,4,5 done. Expect min tgt of 1600 after breakout. Please note that ... there is no H & S on daily chart. It already ends on 11th Feb. It proves failed pattern because today is 25th feb and price is above neckline. so wait for breakout and enjoy.

vaibhav14476 Updated 

As shown on Bata india weekly chart, bearish diamond top formation is going on. As its name suggests .. it is bearish pattern. But price can again go up to resistance line ( 1600 ) and again move towards resistance line.

vaibhav14476 Updated 

Below neckline .. price can go to meet supportline of ascending channel. You can see that channel on daily chart very easily. Strong support is there. Nothing to say more about this. Idea is valid .... only after breach of neckline.

vaibhav14476

As shown in daily chart of bank nifty index, there is ascending channel & price took resistance at R line ... moves downwards. Next support is support line only. no prior low support is there.

vaibhav14476 Updated 

On monthly chart, bank nifty index is on the 6 year long resistance line. I am not predicting that it will go down or up. But as a trader or investor ,one should think upon this reality. Often we study charts on hourly or daily timeframes and miss big patterns on monthly charts. Please share me your views on this resistance line and expected future movement of the index.

vaibhav14476

On Tata Steel hourly chart, ascending triangle is about to breakout. As per text book rule this pattern breaks out northwards. In this case of Tata Steel, There is no space remain in triangle for price to move. Rally in stock market itself push price out of the pattern on upward side. fundamentally, no bad news about sector or about this company is in the air. So...

vaibhav14476

As shown in the chart, price closed above the resistance line of the ascending megaphone. Typically, this pattern gives downward breakout but in this bull run, it gave upward breakout. No matter, weather it is regular breakout or failure of pattern ...... close above breakout is there. target is near the magic figure Rs 100.

vaibhav14476

As shown in the chart, silver is moving in a symmetrical triangle. Simple way to trade it is within the triangle and after breakout on closing basis. For convinience I draw abcd waves. But it doesn't mean exact moving path of the price. But you can take help from it.

vaibhav14476 Updated 

Usually Ascending megaphones has downward breakouts, while descending has upward. Horizontal is rare case, this usually turn in to continuation of trend. First wave entering in to pattern is downward. So we can hope the price to go downward after breakout from the pattern.

vaibhav14476

Since last 16 months , silver price was trading in a H & S pattern. On 7 th July it broke neckline and went down towards 15.122 around and as usually happens price came back above neckline, forcing bears to cover their shorts. But price made its upward journey in rising wedge and it is about to breakout now. All this is about positional trading and not for...

vaibhav14476

there is rising wedge on silver 4h chart. I cant draw it accurately here because chart is too much little to make drawings on it & I am not pro member. Last candle touched resistance line of rising wedge & returned back. ( see last red candle ). Breakout of this chart pattern is downward. Draw it on your chart and trade accordingly.

vaibhav14476 Updated 

For intraday traders,.... Head & Shoulder is in making on hourly chart. At the morning it is looking like rising wedge and gave a downward breakout also. But price return back in wedge and at the moment final wave of last shoulder is in making. Watch it carefully and try to earn. Thank you..... I am not pro member, so chart I used is very little. I can not draw it...

vaibhav14476

As we all know , NG is trading in H & S pattern from so many days. Now final shoulders downward moving wave is about to kiss the neckline of H & S. You can experience huge selling pressure in price movement. Since last 5 trading days , traders use each & every upward move to short. So price will surely touch neckline. We all should cautious, when price will...