Get started

Tradingviewindia

cool cool whirlpool ### 1. **9-Month Consolidation (📦 Box Pattern)** **Pattern**: **Rectangle/Box Consolidation** **Details**: The price has been **moving sideways** within a range of about **₹300 points** for the last 9 months, creating a consolidation zone. This period of consolidation indicates **indecision** in the market, where neither bulls nor bears have taken full control. - **Implications**: If the price **breaks above the consolidation zone**, it could signal a **bullish breakout** and may lead to further price increases. A **breakdown** below this zone would signal a potential bearish move. ### 2. **Volume Spike (🔺)** **Pattern**: **Volume Spike with Price Breakout Attempt** **Details**: Toward the right side of the chart, there is a visible **increase in trading volume** during the consolidation, which usually signals an **impending breakout**. - **Implications**: **Rising volume** is typically a precursor to a strong price move. If the breakout from the consolidation happens with sustained volume, it will confirm the validity** of the breakout. ### 3. **Descending Trendline Break (📉)** **Pattern**: **Trendline Breakout** **Details**: The stock had been in a **downtrend** for a prolonged period from **2021** until early **2023**, as indicated by the purple **descending trendline**. However, this trendline was broken in early 2023, signaling a potential end to the downtrend. - **Implications**: A **trendline break** suggests a potential **shift in sentiment** from bearish to bullish. The fact that the price has stabilized and entered a consolidation phase after the break hints that the stock might be building a base for future upward movement. ### 4. **Gap Down Recovery (⬇️⬆️)** **Pattern**: **Gap Fill** **Details**: In **Dec 2021**, there was a **gap down**, which is a significant drop in price. However, by Jan 2024**, this gap was **filled** with a strong **gap-up move**, indicating that the price returned to its previous levels. - **Implications**: **Gap fills** are often seen as signs of market strength, and in this case, it signals that the stock has recovered from prior selling pressure and may be positioned for further gains. ### 5. **Resistance Levels (🔴 Horizontal Lines)** **Pattern**: **Horizontal Resistance** **Details**: The price is nearing two major **resistance levels**: **First Resistance at ₹2,534.70** **Second Resistance at ₹2,754.50** - **Implications**: If the price moves toward and tests these resistance levels, a **break above these points** would be a very **bullish signal**. However, if the stock struggles to break these levels, it could face **rejection** and move back toward support. ### Summary: The stock of Whirlpool of India Ltd. has been **consolidating** for a significant period, indicating the market is indecisive and waiting for a catalyst. The **breakout from the trendline** and **volume spike** are signs of potential strength. A **breakout above the consolidation** zone could lead to a move towards testing **higher resistance levels** (₹2,534 and ₹2,754). Keep an eye on **volume** to confirm any breakout, and be cautious around the major resistance levels, as a rejection could trigger a **pullback**. This suggests that the stock is at a **crucial point** where either a breakout or breakdown could occur, and the next move will largely depend on market forces around these critical price levels.
NSE:WHIRLPOOLLong
by investigationofchart
wabagHere's a detailed explanation of the chart with added emojis: 1. **Breakout Level**: 📊 **Breakout Level** (marked in yellow) represents a key **resistance** point around ₹1,421.90. - 📉 In the past, the stock price repeatedly tried to cross this level but was pushed back down each time, showing that sellers were strong at this point. - 🚀 **Breakout** occurs when the stock **closes above this resistance** with strong momentum, which often signals the start of a bullish trend. This is a key level traders watch to determine if a stock is ready to rise further. - 📏 The resistance level is like a ceiling the price couldn't break before, but once it does with strong conviction, the price may start moving upwards faster. 2. **Up Arrows** (📈) at Support Points: 🔼 These arrows mark where the stock finds **support** from the market. - 🔍 Each time the price touches the **ascending trendline** (the purple diagonal line), it bounces upward, showing that buyers are stepping in at higher levels. This signals that investors are confident in the stock and willing to pay more each time the price drops to this line. - 💪 This forms an **upward trend** over time. The higher lows indicate that the stock is gaining strength as demand continues to increase. The price bouncing off this trendline multiple times adds to the idea that the stock is forming a **bullish pattern**. 3. **Down Arrows** (📉) at Resistance Points: 🔽 These arrows highlight moments where the stock price hits a **resistance point** (the yellow line) and can't move higher. - 🔄 The stock was **rejected** at this level several times in the past, creating a **consolidation phase** between the trendline and resistance. This pattern shows indecision in the market—buyers are willing to step in at lower levels, but sellers are still in control near the resistance. - This series of price rejections emphasizes how hard it was for the stock to **break above** the ₹1,421.90 level before, making the eventual breakout even more significant. 4. **Hammer Candle** (🔨): 🔨 **Hammer Candle** forms just before the breakout, signaling a **potential trend reversal** from bearish to bullish. - 📉 Initially, the price falls, but buyers step in strongly by the end of the session, pushing the price back up to near where it opened. This creates a hammer shape: a small body with a long lower wick. - 🛑 Hammer candles typically appear at the bottom of a **downtrend** and indicate that the sellers' momentum is weakening. The long lower shadow shows that buyers stepped in aggressively, preventing the price from falling further. - 📈 This hammer formed near the support line (purple trendline) is a powerful bullish signal that suggests the market is preparing for a **reversal**. Traders often see this as a sign that a new **uptrend** is starting. 5. **Bullish Candle** (📊): 🟩 The large **bullish candle** following the hammer is a classic sign of a **breakout**. - 🚀 The stock has broken above its previous resistance level of ₹1,421.90 and closed significantly higher at ₹1,518.70. - 📈 The strong green candle indicates that there is a surge in buying interest, and the bulls are now in control. This large movement up suggests that many traders are entering the market at once, fueling the price rise. - 🔥 This is often considered a **breakout confirmation**, especially when the price closes well above the resistance level. It is a clear sign of upward momentum. 6. **Volume Spike** (📊🔊): 🔊 The **volume spike** shown in the green bar at the bottom represents a huge increase in **trading volume**. - 📈 Volume is crucial in confirming the breakout. A breakout without volume might be a false signal, but when volume surges (like it does here), it shows that a significant number of participants are involved in the move. - 🏦 **High volume** means many traders and investors are buying into this move, which suggests that the breakout is likely to continue with strength. ### Summary: 📊 The stock was consolidating between an **ascending trendline** (purple line) and **resistance level** (yellow line). 🔨 The hammer candle signaled a **reversal** was coming, and the breakout was confirmed by a large **bullish candle** supported by a **volume surge**. 🚀 The stock is now in a strong **bullish phase**, with potential for further upward momentum after breaking past its key resistance level. The combination of the breakout, hammer candle, volume increase, and bullish price action suggests a positive outlook for this stock. no reommendation for buy and sell
NSE:WABAGLong
by investigationofchart
USDJPY - at most expensive supporting area, holds or not??#USDJPY.. well guys market just dropped and reached near to his one of the most important supporting area of the year. that is 141.10 keep close that supporting area because that is only hope for buyers. any kind of weakness below that will be very expensive for buyers and for Japan as well. one thing is keep in mind that below 141.00 cut n reverse will be a good option on confirmation. don't be lazy here. good luck trade wisely
by AdilHussain731333
BTCUSDT - one n single area, what's next??#BTCUSDT.. first of all congratulations to all who followed us from last couple of ideas regarding BTC. Market very well followed our analysis and now again market is just below his immediate resistance that is 55700 55800 around Keep close that area thats need your focus actually and if market hold it then another smooth drop on the way. Keep close 55700 55800 and don't holds your buying positions below that level. Good luck Trade wisely
BITSTAMP:BTCUSD
by AdilHussain731333