Reverse Head & Shoulders on NSE:CGPOWER DailyThere is a reverse head and shoulders pattern forming for NSE: CGPOWER currently making a low of right shoulder. This would be confirmed when the right shoulder reverses at the neck line.
Indianmarket
Nifty: Cyclical short opportunity.Nifty has just been rejected on the 11,760 1M Resistance after a relentless bullish run since mid February. It appears that since March 2018 the index follows an identical repetitive pattern, within the 11,760 1M Resistance and the 9,960 1M Support. Every time the index has rebounded on the 9,960 1M Support, a 1D Channel Up follows, which practically gives way to the aggressive bull run towards the 11,760 1M Resistance.
We expect a similar price action and our first target is the Gap Fill (eclipse) at 11,180.
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USDINR testing 3 month long supportHi trading view members.
Thanks for interactions on my last post.
USDINR is testing 3 month long support. Looking at elections and political situation, I predict that #USDINR will oscillate in the 69 to 69.6 range.
Rebound trend expected around early End march to April.
The Indians could be in trouble again. The India50 is not one that's often talked about. I show how I estimate the price action and probabilities for a short position. As always if anybody is getting into this, prepare to lose! This is a loser's game - we can't win without losing, end of story.
AMBUJA CEMENT FORMING PENNANT PATTERNHello all,
Ambuja is currently under in pennant pattern which is a bullish breakout pattern. Confirmation level is above than 225.
Will the Indians roll over?The Indian stock market is not one I usually see talked about on Tradingview. However, it has been ripening for a short over the last few weeks. Markets decide their own course. Generally though the India50 appears to be weakening.
NIFTY 50 : Elliott Wave Analysis - Perfect fib verified countIn continuation to my previous idea on a larger timeframe:
Possible long opportunity on - EURUSD Have been rolling down for about 180 pips. Aiming to retrace at least 50% taking support on trend line.
Entry now or with confirmations.
ITC, NSE _ Possible long opportunityPrice taking support on EMA and trendline forming double bottom. Entry now or wait for the confirmation.
Glenmark - Ready to fly?Glenmark is sitting on right positions. There is 2 things consider to be Notice.
1- Falling Wedge in a week time frame. It's a bullish breakout pattern We just need to wait for the confirmation only.
2- Second is there is the idden bullish divergence which is also a bullish pattern..
Buy ACC Above 1500ACC may re-enter it's long term channel trend after having filled the big gap formed after the excellent results. A close above 1495 should be positive
AJANTA PHARMA: What Should You Do?This stock is at a very crucial level. Having already formed a major Head & Shoulders pattern, stock may again form an internal H&S if it retraces from here and we may see great falls. However this is just a possibility and if it manages to cross 1175 on closing with volume, stock may give upside move towards 1300. Stay alert and pick the right side!
NIFTY 50, Head And Shoulder formation is in Process.Hi Guys,
The current scenario for NIFTY 50 doesn't look good at all.
1. Let's talk about recent one, you can clearly see that it formed a Bearish Engulfing candle on the weekly chart.
2. There is a Head And Shoulder pattern formation is in the process, which is most likely to complete in December.
3. If you look at the Retracement Levels, You can see that it can't even touch the 50% level which is clearly the sign of weakness.
Targets: If it is able to complete the head and shoulder and breaks below 9950 then the key levels to watch for:
1: 9050(Fibonacci Extension level 1)
2: 8000(1.618 extension level)
Bank Nifty updates for next 5-6 monthsHi Guys,
Looking at the current scenario, the situation doesn't look good bank nifty can easily slip at 23500-23800 levels from here which is pretty much likely and if doesn't stop there it is going to slip to 20000-20500 levels where it has a strong support level. On the upside it has a huge resistance around 26000-26200 level, so to move upside it has to break that level which will open the door for the upside trades.
Looking at the recent weekly candle, which is quite bearish it can easily fall around the 23500-23800 where it has some support.
AXIS BANK Nice Sell SetupHello friends, looks pretty good sell to me. i think corrective pattern is complete, it might go down very soon to complete bigger corrective pattern for upside. look for sell opportunities on lower time frame.
Thanks and good luck!
BankNifty Intraday Trade setup for 30th of AugustHello all,
explained everything that should be our levels and Targets for tomorrow Trade. Guys Please watch the analysis and ask your questions in the comment box.
Buy SREIWith good volume buildup and stock showing multiple signs of reversal, this stock should be bought. We can expect a minimum of 54 in this stock. If momentum continues we can even see 70. This stock has the potential to give good profits in longterm even if 70 is crossed. Give it time and it should give you returns.
