Price consolidating. Watch breakout. Disclaimer: Not an advice to buy or sell.
Price consolidating in ascending triangle. Wait for upside breakout. Disclaimer: Not an advice to buy or sell.
Price consolidating in a pennant after the bullish move. Wait for breakout of the Pennant. Disclaimer: Not an advice to buy or sell.
Potential H&S here.. Need breakout with volumne.
Massive divergence is seen no Gold. Likely a pullback soon before the next move up.
Alibaba broke out of the triangle earlier. Now it has completed the throwback/retest. It might be headed for the pattern target now. Disclaimer: Not a recommendation to buy/sell.
There is a C&H and a Flag Pennant breakout. Breaking out of the pattern. Volume need to support.. Disclaimer: Not a recommendation to buy or sell.
ONGC has broken down below the long term wedge pattern. It should continue its downward movement below the wedge. In addition it also has a Head and Shoulders pattern which has already broken down. The volume has been climactic as well. Bets off if it goes back inside the wedge and does a breakout above. It will turn very bullish in that case, but until that...
A Wolfe Wave pattern seems to have formed on SPX. Watch out for the breakdown, target and the timeline. Disclaimer: Not a recommendation to buy or sell.
Disclaimer: Not a recommendation to buy or sell.
USOIL is trading in a broadening pattern. It just tested the support zone. If it is able to hold the support then it is likely headed for the top of the pattern. All bets off if the pattern is broken downwards. Disclaimer: Not a recommendation to buy or sell. Long term chart is also posted here.
USOIL is trading in a large triangle on the monthly chart. It has broken down the triangle. It is possible that it is a fakeout. I see RSI is oversold on Monthly chart. Watch out if the price comes back into the triangle then it turns the trend in the long term. Short term chart is also posted here. Disclaimer: Not a recommendation to buy/sell.
Infosys has been moving in the long term channel. It has presented opportunities to buy and sell within the channel. Watch out for the break of the channel downside in the long term. If and when it does, it will indicate that the trend has turned from bullish to bearish. Short term view also been posted here.
Breakout direction decides the short term target. Keep a look out. Disclaimer: Not a recommendation to buy or sell.
Consider it a Rising wedge or a flag/pennant (on longer timeframe). Both in my view are bearish formations in current context. Look out for the breakdown of the wedge. Target should be recent low atleast. However, I also see a cup and handle formation, therefore, bets off if the recent high is taken out and goes above the wedge formation. Disclaimer: Not a...
Nifty long term trendline has been breached. There is a possibility that this was a fake breakdown and it moves back inside the channel. But I think magnitude of the sell down has been too much. Even if it goes back inside the channel it may not be able to sustain. It has likely turned into a bear market. Every touch of the MA should provide an opportunity to...
DBS is trading in the flag / pennant. Lookout for the break. Disclaimer: Not an advice to buy/sell.
Breaking down off the triangle / bearish flag pennant. Disclaimer: Not a recommendation to buy or sell.