Chart Study- ABFRL, BHEL, ITC, EDELWEISS, INFRATEL, BOSCHLTDThe analysis done below is purely based on price action & chart patterns.
Double Bottom (W) Pattern is a popular chart pattern in price action trading.
In ABFRL chart (Daily TF) that I have shared here, traders can note that the second bottom is formed above the first bottom. (same is described with help of small image in the chart)
In such cases where the second bottom is formed above the first bottom, the price usually breaks the next resistance level which is above the starting point of "W" pattern. (for clarity, refer the W pattern drawn in the box).
Same has happened in ABFRL twice.
I have observed similar patterns in formation in following stocks -
(1) ITC
(2) INFRATEL
(3) EDELWEISS
(4) BHEL
(5) BOSCH
Weekly Charts of above stocks are posted here with potential targets.
Traders can enter into the trade as per their own setup & risk management.
Also, pls comment the name of any other stock which is forming similar pattern.
INFRATEL
INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT INFRATEL IS ON EMPTY HIGHWAY GO BUY IT AND FORGET IT
Bharti Infratel - Can be bought above 190 for higher targetsBharti Infratel - Can be bought above 190 for higher targets(minimum 1:2 RR targets) with SL of 178/-
Stock has been trending in range and once it enters into the channel it can be bought for the higher targets of 220+
Infratel - Looking weakAdd to watch list
Incase if market is trading on negative side, clearly this will form lower low and may test 160 levels.
INFRATEL - Trend Change CandidateINFRATEL - Sustaing above 178 tomorrow may take it towards 196-200 levels
INTRADAY ANALYSIS - BHARTI INFRATELHi Traders,
This Stock has created a higher high and is trading well above the 50 SMA. We have the immediate support at 211.35 and 205.10 levels. The price can continue trending upwards after a pullback to these levels. We have the golden zone between 200.05 and 195 levels, If price respect the golden zone then the further upside of this stock is limited. You can use any strategy to enter at these levels. We dont recommend a blind entry at these levels without confirmation. A chart pattern in the 1m timeframe at these levels can be a good confirmation.
Pls Like and follow for more.
Feel free to comment below for queries.
Happy Trading......
R-0161 INFRATEL BREAK OUT (LONG)Short term buy INFRATEL @200 SL 194.5 TGT 208/221
Above VWAP + MACD cross over + CLOUD BREAK OUT AT 195 + TK cross over => Good momentum
its trading under Descending triangle can break down/upits trading under Descending triangle can break down/up
Infratell Looks Bearish For MondayNSE:INFRATEL
Bharti Infratell on monday if goes below 208 then it will be showing bearish trend.
I will consider it to short below 208 with SL 212.
FOR Targets I will follow fib Extensions
InfratelMade Cup and handle, one can go long on confirmation from support
Please analyse before taking position,
No one is responsible for your money in tradingview !!!!!!!
INFRATEL | NSE | AnalysisHello guys!
Infratel seems to be forming an ascending triangle, and holding the strong trend line.
Price has been rejected at support 4 times as indicated with arrows in the chart.
It is now closing in on the top resistance, if broken / flipped will aim for new all time highs.
MACD and Stoch RSI support the bias.
wait for the breakout or down!this pattern most of the time works for me. it doesn't mean this will also work for you. so before making any trade, wait for your setup, that works best for you.
Infratel Bearish On 2H chartNSE:INFRATEL
Infratel showing no demand for higher prices on 2H chart and rejecting from higher levels.
Its also tested 21MA and shown good rejection from there too. And now trading well below it.
I will be looking for short this below 203 2H candle closing basis with SL of 218.
This view is for short term (2-3 days) swing trade and intraday.
BHARTI INFRATEL | ANALYSISLooks good so far, i'm expecting this to go till the sell region and retrace 38.2%.
- AB=CD Pattern identified in chart.