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Inverse Head and shoulder pattern. This pattern appears when a trend is about to reverse. After years of down trend, stock is showing trend reversal on weekly charts. Huge volumes indicate there is accumulation complete. Accumulation phase is followed by participation phase. Here Participation phase and pattern breakout will go hand in hand. Chemical stocks...

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All observations on charts. Ascending triangle pattern Lows shifting higher. Volumes picking up Narrow range, check below Mother Candle Strategy Also check previous idea on SBI Life.

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Nifty is stuck in a range since 18 March 20. On 8th March tried to break the range on upside but the attempt was rejected. Within next 2 sessions Nifty touched the lower end. Lower end is also the lower range of the gap that was created during the budget move After 12th March Nifty took support on lower end. of the range. If you observe it took 3 sessions to...

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All observations on chart. MULTIPLE CONFIRMATIONS & EXPLANATIONS OF DRAWINGS As you can see gold bounced tom 38.2% fibonacci level a good level to buy the dip. 19% correction from the top till pre covid levels Falling channel pattern visible on charts, usually gives good move on the upside. Double bottom pattern breakout given today. Price comfortable above...

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All observations on chart. Upper Trend line, if this trend line tested 8 times more than lower trend line. So if this line is crossed price will move sharply as compared to lower trend line as it is tested fewer times (4 times). Over the 10 months narrow range volumes have increased significantly compare to 2017 up move. Overall if you want to play out this...

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All observations of chart There was Distribution from 13500 to 10750 zone during 2015 to 2016. Down Trend there after till June 2019. From June 2019 till March 2020 there was a accumulation phase. In April 2020 Index gave a range breakout and there was good upside which lasted till mid Sep 2020 As you can see index struggled around 12000 level during Sep 2020 to...

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All observations on chart.

varadtambolkar Updated 

All observation on chart. Below is the short term view for Entry Looking at the overall structure, Current levels are tempting to buy and hold for Big returns.

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All observations on charts. Larger the consolidation powerful is the breakout simple set up.

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Since December stock is moving in a tight range of 540 to 610 , Lows are shifting higher. Same Resistance around 600 610 is approached with higher lows. Good accumulation between 410 to 610 as suggested by huge volumes. All these things show stock is ready for a breakout soon

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All observations on chart. Stock is consolidating since May 19 till today. Even during crash and bull rally stock didn't participated either. Expecting a good move here.

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All observations on chart. Consolidating for long time. Longer the consolidation more powerful is the breakout. Check out similar breakouts below.

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All observations on chart. Targets calculated as per fibonacci extention. It may not cross all time high in this swing, may give a dip then cross the all time high.

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All observations on chart. The big green candle has closed outside the box, but will wait for further few candles. on 30 min chart nifty has formed 3 back to back green candles & on 15 min chart has formed 4 back to back candles. Chances of Up move are higher. If sustains outside the box this can move till 15160/15240 /15320

varadtambolkar Updated 

All observations on chart

varadtambolkar Updated 

All observations on chart. 64-72 rs band is acting as a resistance since 2014, but it is tested multiple times, This will be 10 year breakout 45 rs level is breakdown level. Stock just formed a narrow range below breakdown level for 4 months and recently gave a breakout. High chances that stock will cross 45 rs. After crossing 45, 64-72 will be first target....

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Multiple Rejections at a same levels means weakening of Resistance. Stock faced 5 Rejections at marked Neckline. Stock consolidating since 4 months. Longer the consolidation, Powerful is the breakout. Combining both the observations, Move will be sharp. Targets will be 48/58/66 Stop Loss below Consolidation lower band. Not a Trade Advice/ Recommendation. Do...

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Now after today's Gap down opening, the gap is filled today itself. Wait for move beyond marked levels, till then expect a sideways move