Zensar tech is forming inverted Head&Shoulders pattern at all time high. All time high touched on Sep2021. Probability of inverted Head&Shoulders breakout is high when it is forming at Resistance level.
On weekly time frame we can see Ascending Triangle pattern . Pattern length is nearly 3years. 1. Taking support on 100EMA. 2. Bullish divergence in RSI. Note : Analysis is only for education purpose. There are not much volumes traded on his stock.
On Weekly TF charts it is forming Ascending Triangle pattern . Struck in and Forming pattern from more than 1year. 1. Taking support on trend line and forming higher lows. 2. Taking support on 50EMA. 3. RSI also taking support on trendline.
Max Healthcare is forming Ascending Triangle pattern(which is bullish pattern). It is trying to break its all time high levels
Mahindra Holidays is forming Head&Shoulders pattern According to pattern we have targets of 1. Target1 356 (Shoulder target) 2. Target2 310 (Head Target) 3. From almost 3 years it is taking support on 200EMA on Daily TF which is at 348 Note: It is a seasonal stock and gave minimum 10-15% in summer time(mostly takes support and give upmove from Feb end-May)
SIS chart pattern breakout probability 1. Trading at counter trend line 2. Forming Engulfing candle in Monthly Timeframe 3. Near 0.32 Fibb level
Dmart is in bearish trend from 2 years and fallen almost 40% from lifetime high. PE ratio is also fallen to 2019 levels. For a longterm view stock is at discount level and 50% level is at 3250
SBICARDS has fallen 35% from all time high. On Chart it is forming symmetrical triangle pattern which is a bullish pattern. It also taking support on Trend line and Fibb level. For symmetric triangle and Fibb level is best combination. With this combo if Monthly candle break trendline and 0.5Fibb level we can expect an possible upmove. ...
Navin Fluorine has fallen 25% as of now. It is in channel from 2.5years and finally broken the channel. On monthly TimeFrame RSI is very weak and may fall more. Targets according to Channel Target1: 3500 (which is also 50% of channel level) Target2: 3050 (which is almost 35% from all time high)
USDINR making Ascending Triangle pattern. Ascending Triangle shows high probability in bullish pattern. In monthly time frame candle is not closing above 82.7 and consolidating in the range from 11 months. So once it broke the level we can see Target : 85.2
Nifty is forming head and shoulders pattern and also looking weak on charts. Currently market is on sell on rise mode. IT companies results will start from this week. Result are expected to be not so good. We can see levels of If it broke Neckline 19330 it will go down to Target 1: 19230 Target 2: 19140
Deepak Nitrite is forming inverter Head&shoulders .According to pattern Target1 :2530-2565 Target2 :2730-2750 100EMA:2250 200EMA:2010
JUBLFOOD looking bearish as it broke neckline on 17Dec according to Chart and Head and shoulder pattern 1 . Target1 :3280-3210(Can be expected) 2 . Target2 :2700-2660(In worst case) 3 . It has to fill Gap of 120Rs around 3205-3090. 4 . Broke 200EMA on Daily chart
Deepak nitrite is forming head & shoulders pattern. According to pattern and Support levels we can expect Target levels as Target1: 1930-1900 Target2: 1750-1730 It also forming Flag & pole in 1 month chart if it break Flag Target: 1750 Note: 1. There is Gap between 1950-1900 2. In covid time it fell 42%. In our targets from 52 week high...
Negative trend has started in Global markets, Fed interest rates hike, raising crude oil prices, end of bull rallies making NIFTY bearish. Nifty is forming head & shoulders pattern according to it we can expect targets as Target1 : 16000 Target2 : 15500 In 1 Month chart we can see Nifty is forming Flag & pole if it break flag Target :...
IEX is forming Head and shoulders pattern. It is taking support at 100EMA if it break 230 level according to Head & shoulders pattern and support levels we can expect targets as Target1: 206 Target2: 190 NOTE: It broke the trendline of 1sep-20Dec and it is also forming bearish flag and pole pattern Pole Target :206 MACD: Negative 100EMA:234 200EMA:200
Looks like CANARA BANK is going to give multi year trendline breakout(2010-2017-2022). It also formed inverted head and shoulders pattern. Banks are also posting good results , if budget(01-02-2022) is positive we can see breakout soon. Target according Head and shoulders length Target1 : 251 Target2 :261 MACD : Positive
NSE:DMART is forming head and shoulders pattern and also symmetric triangle Head&shoulder : Target1:4220 Target2:3300 Symmetric triangle : Upward target:5900 Downward target:3300