Get started
SAIL: Trade Idea in CashThere are several factors at play, but all can still fail. RSI Divergence: Positive divergence on daily and weekly charts. Pattern: Formation of a W-pattern on the daily chart, now retesting the range Key Levels: Price near the 200-week moving average and a long-term trendline (since 2020). Candlestick: Engulfing candle formed earlier on the weekly chart. Breakout: Upper trendline resistance has been broken. These signals suggest a bullish scenario, but risks remain due to potential failures.
NSE:SAILLong
by drlalitkumar1987
1
Ashok Leyland in weekly timeframeTrendline Support (Post-COVID): Ashok Leyland appears to be testing a key trendline that it has been following since the COVID-19 recovery period. This trendline, has been tested multiple times before, can act as strong support. Fibonacci 50-61% Retracement (Demand Zone): The stock is currently sitting in the 50-61% Fibonacci retracement zone "golden zone" The trendline support and Fibonacci retracement levels makes it an ideal zone for bullish setups.
NSE:ASHOKLEYLong
by drlalitkumar1987
2
NCC Ltd – Short-Term Technical Analysis (15-min chart)📊 NCC Ltd – Short-Term Technical Analysis Chart Pattern: Wolfe Wave (Bearish Setup) Chart time frame - 15-min chart Current Price: ₹211.40 Critical Breakdown Level: ₹206.50 Target Price Zone: ₹198 Bias: Bearish short-term 🧠 Pattern Analysis: Wolfe Wave Wolfe Wave (points 1–5) structure is clearly formed, indicating a potential trend reversal. The break below the line connecting points 1–4 (support trendline) would confirm the pattern breakdown. The expected move is toward the line connecting points 1–4 and extending through 5, which typically acts as the target line — marked near ₹198. 📉 Supporting Bearish Factors: 📉 Volume Divergence: Visible decline in volume while price moved higher from point 4 to point 5, indicating weak bullish momentum. 📊 Histogram Momentum AO Indicator: Clear bearish divergence visible; momentum weakening as price rises. ⬇️ Breakdown expected below ₹206.50 – this will likely trigger the bearish move toward ₹198. 🛑 Short-Term Trading View: ⚠️ Watch for a close below ₹206.50 – potential short swing. 🏁 Expecting to reach: ₹198 zone 📍 Above ₹213 or point 5’s high direction may change ⚠️ Disclaimer: This analysis is intended for educational purposes only and does not constitute investment advice. Stock trading involves high risk, and past patterns or performance do not guarantee future results. Please consult your financial advisor before making any trading decisions.
NSE:NCCShort
by shiva560060