rohanshah

rohanshah

Nifty - There has been an interesting symmetry observed in the #nifty from the Covid Lows. 1) Rally (1) started on 23 March 2020 (7511) and continued till 18 Oct 2021 (18604) rallying almost 11903 Points with minor corrections in between. After a strong rally index corrected entered in a correction Phase. 2) The correction started after hitting the highs at...

rohanshah

Escorts has been forming series of Higher Highs and Highs lows indicates strong uptrend. The higher low has since last 4-5 years has bottomed out the 20 Monthly EMA. The stock has consistently found support at the moving average and bottomed out near the same. Currently stock is placed near the same juncture, going ahead if support holds well like in the past,...

rohanshah

After a stupendous rally earlier, the stock went into the consolidation and now looking more like a distribution price action. On the pattern front, the stock seems has formed a bearish Trend Reversal Triple Top Price pattern and is near the breakdown from the same. The decisive breakdown from the pattern would call for trend reversal and bears likely to take...

rohanshah

#mcdowells 🍻 Attractive chart setup. Descending channel & Supply zone breakout and retest.