TheWealthyInvestorbyDSAB

TheWealthyInvestorbyDSAB

Double Top Pattern: The chart shows a double top pattern (marked as "Top 1" and "Top 2"), which is a bearish reversal pattern. The neckline for this pattern has been broken, confirming bearish momentum. The pattern suggests that the uptrend has reversed, leading to a downward move. Falling Wedge Pattern: After the double top, the index has formed a falling...

TheWealthyInvestorbyDSAB

Technical Analysis- Daily Timeframe Falling Wedge Pattern: The chart highlights a falling wedge pattern, which is a bullish reversal setup. The stock has broken out of this pattern, signaling the potential for further upside. The breakout is confirmed by increased buying volume, suggesting strong participation from bulls. Breakout and Targets:...

TheWealthyInvestorbyDSAB

Rising Wedge and Falling Wedge Patterns: The chart shows a rising wedge early in the year, which led to a bearish breakdown. This aligns with the pattern’s general bearish implications. Following the rising wedge, a falling wedge pattern developed. The breakout from this falling wedge was bullish, leading to a significant upward move. Current Downtrend: Post...

TheWealthyInvestorbyDSAB

Technical Analysis of Hyundai India (1-Hour Timeframe) 1. Falling Wedge Pattern The chart displays a falling wedge pattern, which is a bullish reversal setup. After a prolonged downward movement, the price has broken out of the wedge, indicating a potential upward trend. The breakout is supported by higher volume, which validates the strength of the move. 2....

TheWealthyInvestorbyDSAB

Head and Shoulders Pattern: The chart shows a completed head and shoulders pattern, which is typically a bearish reversal pattern indicating a potential decline after an uptrend. The pattern has been completed with the left shoulder, head, and right shoulder visible, followed by a drop confirming the neckline break. Double Bottom Formation: Below the head...

TheWealthyInvestorbyDSAB

Analysis of SBI Cards Stock Idea Current Price: ₹697.40 Technical Overview: * Double Bottom pattern with breakout. Target Levels: * ₹850 (initial) * ₹1,000 (extended) * ₹1,100 (ultimate) * Strong support around ₹650-₹700 from breakout zone. Fundamentals: * Leading credit card issuer in India with strong revenue and profit growth. * Positioned to benefit...

TheWealthyInvestorbyDSAB

Technical Analysis of Cipla Ltd. (NSE: CIPLA) - 30-Minute Timeframe Based on the provided chart, here are the key technical observations: Rising Wedge Pattern: Cipla is showing a rising wedge pattern on the 30-minute chart. This pattern is typically a bearish sign when it forms after an uptrend, as it indicates that buying momentum may be weakening. A...

TheWealthyInvestorbyDSAB

360ONE is showing a potential turnaround with bullish belthold candle formation. It seems that we can expect a good move of around 5% from the CMP in the coming 1 week with a target price of 686-690