After the Fed came up with the interest rates pause look at the chart of Dow Jones on weekly TF. It is forming a Bullish Inverted Head & Shoulders Pattern. Look a new ATH
Feb is closing with a big red candle. Looks like another 700-800 points fall in this Index is inevitable. This is going to come down to the support line. On a daily chart there are gaps at 5330-40 and 5020-30, where the first gap is already filled and waiting for the second gap to be filled.
Berger Paints made a breakout and retest on the daily TF line chart. Earnings on Nov 10th, 2022. Pre ER run possible in this script. Watchout for atleast 40-50rs move. CMP is 604.
Here is the Weekly chart of Nifty . I see a Cup & Handle pattern is being formed on Nifty. If this is C&P then we can expect a big move coming on Nifty , once the neckline 18100 is broken. Keep a close watch. NSE:NIFTY Give a <3 if you like my view.
A trendline from the last year's 2021 October highs is where Nifty is facing resistance right now. Once this is crossed then the immediate resistance will be recent highs which is at 18100. If it couldn't sustain then Nifty might see 16300 again. This week's closing candle can give us a clear picture of the upcoming Nifty move. Watch out for upcoming moves. NSE:NIFTY
Divis Lab forming a raising wedge which is a bearish pattern. Wait for breakdown to short.
Looks like it will breakdown so look for short oppurtunity.
Here I am mentioning 3 possibilities for Nifty 50. Scenario 1: if Nifty breaks down to 16400 - 16300 to reverse, then it is an Inverse Head and Shoulders. Scenario 2: Nifty May drop to 15500 around to form a double bottom on weekly and then reverse. Scenario 3: This is worst of all, if nifty drops to 14200 then it confirms a Megaphone pattern. Overall Nifty is...
Short term Bearish. Fresh longs only after 38800 resistance is broken. It is going to retest 35100 to move higher.
16800 is the long term support since November 2020. SO expecting that nifty will hold 16800. I shorted 16800 march PE.
Keep away for sometime until it approaches support or resistance.
higher lows and lower highs are formed. good volume accumulation supporting for more upside. #SYNGENE
Currently at 16600 , 16600-16200 being a very strong support zone. If this level is broke then it is better to stay away from this stock. Trading below 50sma pure bearish trend. 17800 being very strong resistance
M&M looking for a potential weekly breakout. Triple bottom and an ascending triangle.
Triple top on this chart. I think its time to short it.
Nice accumulation , ascending triangle and ready to breakout. Can go long 225 with minimum 30 days gap.