peace_lover

peace_lover Updated 

TECHNICAL ANALYSIS : ASCENDING TRIANGLE BREAKOUT - Price has broken out of the pattern 2-3 weeks back on weekly chart 50D & 100D SMA REVERSAL - Price has also taken support on 50D & 100D SMA simultaneously a few months back and have reversed from those levels since then VOLUME SPIKE - Price has shown volume spike on the previous week (10th...

peace_lover Updated 

the amazing bull run of nifty is almost over. By the end of this week or since next onwards nifty will crash just like it had happened before probably with huge gap-down opening too. Nifty has repeatedly failed to break this trendline before and this time will be no different. History does not repeat itself, IT RHYMES

peace_lover Updated 

NIFTY/SPX chart has hit the upper trendline of ASCENDING WEDGE this week. it had hit the upper trendline 2 TIMES and the lower trendline 3 TIMES till now and has reversed every time since 2020 we can clearly see that whenever the price has reversed from the LOWER TRENDLINE , NIFTY has started performing better than S&P500 and whenever price has reversed...

peace_lover Updated 

RECTANGLE PATTERN - Sun Pharma has just broken out a descending rectangle pattern on the daily chart which had been forming since the beginning of the year SUPPORT-RESISTANCE LINE - After breaking out it has also tested the previous strong resistance trend line twice making it a strong support line now SIMPLE MOVING AVERAGE - It has also shown...

peace_lover

TECHNICALS - HIDDEN BULLISH DIVERGENCE - Procter & Gamble has formed a nice Positive Divergence or Hidden Bullish Divergence pattern on the Monthly chart indicating upside momentum on the chart STRONG SUPPORT LEVEL It has also Reversed Twice from a Strong Support zone which had earlier acted as Resistance level indicating further upside potential for...

peace_lover

TECHNICALS - Procter & Gamble has formed a nice Positive Divergence or Hidden Bullish Divergence pattern on the Monthly chart indicating upside momentum on the chart It has also Reversed Twice from a Strong Support level which had earlier acted as Resistance level indicating further upside potential for the stock It has also tested 50 Day Moving...

peace_lover Updated 

Maruti has formed a nice double bottom pattern in the weekly chart The pattern has also broken out of the neckline recently with gap-up indicating strong upmove potential ahead Also RSI is in the overbought zone indicating the upwards momentum is very strong for this stock Hence it is a good time to buy the stock before it rallies

peace_lover Updated 

(a) TCS has formed a strong bullish divergence pattern on the daily chart indicating bullish movement (b) It has also CROSSED OVER 200 SMA recently making the likelihood of the bullish movement even more stronger (c) On top of that it has also broken out of the resistance NECKLINE of the recently formed HEAD & SHOULDER pattern which it had earlier respected &...

peace_lover Updated 

Nifty had formed a rectangle pattern on the previous day and has now broken it out with confirmation @DevabratAcharya @Bravetotrade @AMIT-RAJAN

peace_lover

Nifty has formed a perfect blow-off top indicating a sharp fall to happen very soon and retrace the entire blow-off top pattern range

peace_lover

infosys had formed a wedge since august on weekly chart which was later broken down with confirmation on the first week of march and after that infy had opened gap-down heavily and reached the target

peace_lover Updated 

Nifty took support twice from yesterday's resistance zone (resistance was tested twice yesterday) Cradle pattern involving doji, hammer, hanging man was formed in the middle of the day indicating upcoming sudden directional movement which came later in the day

peace_lover Updated 

Nifty will behave very wildly today without any strong price movement Initially going upwards then will reverse and go downwards and finally will go upwards again Chances are very high for it to go sideways & it will be extremely difficult to make profits from intraday today

peace_lover

nifty had taken support twice from a very strong resistance zone formed since the last 2 days after the market opening today nifty had formed an ascending wedge pattern since yesterday which was broken out later in the day and consequently nifty went upwards by the same amount as the width of the wedge

peace_lover

Nifty took support from the support line tested by previous day support & day before yesterday's strong resistance after the opening of the day and consequently went upwards a lot due to the support line being very strong due to presence of multiple support & resistances on the last 2 days After that it took resistance from a previous day resistance line and...

peace_lover

NSE:NIFTY had broken out of the last few days' rectangle pattern yesterday and has hit the TP of that pattern it had taken support and resistance at several points for the last few days within the rectangle pattern