Broadning decending wedge is a bullish pattern 2 probabilities, one is beariah as we can see a divergence in RSI. Second one is bullish as this pattern is a bullish pattern. Once the wedge is broken upside we get to see those targets .. or if it continues in the range we get to see the bottom support line as target but remember if it continues downside and did...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
1. Identifying the Downtrend: A downtrend is characterized by a series of lower highs and lower lows. Upon analyzing the price chart of Praj Industries, it's evident that the stock has been declining over a certain period. This downtrend is marked by a consistent pattern of lower highs and lower lows, indicating selling pressure and overall bearish sentiment in...
Building upon the analysis conducted yesterday, it is observed that NSE:FSL stock has successfully experienced a breakout upside from the Pennant pattern. Today's price action has confirmed the Pennant pattern breakout, signaling a continuation of the prevailing uptrend. The breakout is characterized by a decisive move above the upper trendline of the Pennant,...
Kotak Mahindra Bank making higher low each day from April. With strength in bank nifty it will help kotak to break its immediate target of 1999.15. So according to my analysis I would recommend one to go long on kotak with stop loss of 1930 for the target of 2100 if the kotak break 1999.15. Kotak will show strength and go up from now. This analysis is based for...
HDFCLIFE Ltd is trading in an up-sloping channel, and within this channel, there is a probability of a Shark Pattern, which if unfolds can take stock towards 800- 840 levels in the coming weeks and months. Can't comment on how smooth is movement is going to be, but any dip in the stock would be an opportunity to go long in the stock, as long as the stock is...
This counter is about to complete Necklace Pattern & ready to fly thereasfter!
buy on irctc with limited risk and profit target of 90points against the 30 point risk.
Equitas Small Finance: (Positional/Swing) Possibility for a long setup in Equitas Small Finance. Price is testing the support zone 60-65. Note: Do your own due diligence before taking any action.
Adani Power cmp 303.50 SL 252 Closing at weekly high Target 420 Positional / Swing
Kotak bank above 1860 SL 1830 Target 1900/1960 Swing/Positional
Tata Power CMP 228 Buy above 232 Target 250++ Swing Positional
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
The stock saw a very good move from 530 levels to 581 levels in just the past few sessions, now it is consolidating in a range of approx 10 points near its previous resistance zone. Considering the previous straight move, it looks like the stock is getting ready for a breakout.
We are at the end of March and M&M's monthly chart has formed a huge pin bar which suggests bullishness. I'm buying M&M at current market price (793) for a target of 979 in the next 3-4 months. This is a Positional trade, so no stop loss. NSE:M_M
Currently, SBIC has been trading at the levels, where it consolidated in the past for many many weeks . The same levels can act as good support for the stock. Disclaimer: Not a recommendation to trade
N#iftyBank Futures Positional trade Support and Resistance Zones based on daily and Weekly time frame. Incase of any strong Negative Global News or Russia and Ukraine war possibilities escalate below levels may act as support zone. 1st Support Zone 36300 to 37700.00 2nd Support Zone 34200 to 35500 3rd Support Zone 33300 to 32300 4tth Strong support...