Shared this analysis of nifty 50 on 20 december! That expecting the bullish move AND HERE IT IS!! Forming a Flag Pattern and gave a breakout and a good bullish move in First trading week of 2022! AS I ANALYSED EARLIER!!! A good Resistance level at 17665 where nifty presently is! A higher probability of retesting till 17380 or 17230 and then a pullback as ( Flag...
Formed a head and shoulder pattern in one day time frame and was in a uptrend and gave a perfect breakout with retesting the levels and came back to fill the past gap up opening! Came back to its major support of 16380-16388! Made a weak bearish candle! Kind of hammer a chance of making a pullback and form a new lower high! And if breaks the major support higher...
A GOOD CONSOLIDATION WAS SEEN IN TATA MOTORS! BREAKOUT DONE! Volume was also quite awesome! Can make a retest and then move! 50 EMA AND 200 EMA giving a good support to stock! Previous target of tata motors was hit within a month! TARGET PRICE= 440/442 STOP LOSS=354/350 (the above analysis is only for study purpose do not take it as any buy or sell call)
FORMING A DESCENDING TRIANGLE PATTERN!! 200 EMA GIVING A GOOD SUPPORT!! If breaks up then can retest at 306 and can have our target price to 349/359!! IF breaks down then do check up breakout volume both side and can give a good short trade for intraday!! STOP LOSS=294/287 (THE ABOVE ANALYSIS IS ONLY FOR STUDY PUROSE DO NOT TAKE IT AS ANY BUY OR SELL CALL!!)
A GOOD CONSOLIDATION FROM APRIL 2021! Forming a Descending triangle pattern! Wait for a true breakout do check VOLUME! 50 EMA AND 200 EMA giving a good support! And for intraday making same pattern! TARGET PRICE=143/145 STOP LOSS= 113/111 And if breaks the consolidation then can hold for long! TARGET AFTER CONSOLIDATION=185/190 (the above analysis is only for...
FORMING A FALLING WEDGE PATTERN! Wait for a true BREAKOUT! as its a reversal pattern so wait for pullback and go for target! TARGET=3629/3680 SL=2765/2735 BREAKOUT CAN TAKE TIME! Monthly demand and supply giving good support with POC! 200 EMA and 50 EMA giving a strong support! CAN TAKE HELP OF PIVOTS AND MACD! WAIT AND HOLD FOR BIG TARGET AFTER BREAKOUT1 (the...
A GOOD UPTREND IN ONE DAY CHART!! AND A GOOD CONSOLIDATION IS BEING FORMED FROM AUGUST!! Wait for breakout of consolidation! If it breaks the resistance level that is 988 then wait for any short retest and can have a small target!! TARGET=1086/1100 STOP LOSS=921/930 And if it breaks the uptrend support line then do not buy as the stock can retest and go for...
ASCENDING TRIANGLE PATTERN FORMED!! BREAKOUT DONE !!! CAN MAKE A PULL BACK AT MONTHLY DEMAND AND SUPPLY LEVEL!! A good move after pullback can make a new high there is a good support at 654 and retracing at that point again do check that in 15 min chart!! If for intraday can make down gap opening and retrace and move little down but cant say actual as 654 is...
BREAKOUT DONE !! PULLBACK DONE!! VOLUME PERFECT!! A VERY GOOD CONFIRMATIONS!! CAN BUY AND HOLD UNTIL IT TOUCHES OUR TARGET!! TARGET=2018/2015 SL=1662/1670 (the above analysis is only for study purpose do not take it as any buy or sell call!!)
ASCENDING TRIANGLE!! Breakout Done!! Can buy now also for rs 270 per share!! (ONLY FOR STUDY PURPOSE!!)
DESCENDING TRIANGLE PATTERN FORMED!! 200 AND 50 EMA GIVING GOOD SUPPORT!! Monthly basis demand and supply acting as good support and resistance!!! Target=1972/1770 STOP LOSS=1257/1250 IF breaks down then go for short trade for intraday with helps of pivot points!! (The above analysis is only for study purpose do not take it as any buy or sell call)
A SHORT SYMMETRICAL TRIANGLE FORMED !! Wait for Breakout and a move a good call for intraday!! AND A BIG DESCENDING TRIANGLE WAS FORMED FROM 16 AUG AND CLOSE TO HIT TARGET!! So high probability of hitting target!!!! Daily basis demand and supply can give good support for a move!! And do check pivot points for intraday!!! TARGET=606/608 STOP LOSS=650/648 (Do not...
SYMMETRICAL TRIANGLE FORMED !! BREAKOUT DONE , PULLBACK DONE!! A good move after pullback can make a new high there is a good support at 654 and retracing at that point again do check that in 15 min chart!! If for intraday can make down gap opening and retrace and move little down but cant say actual as 654 is giving a major support !!! There is a chance that...
FALLING WEDGE PATTERN FORMED!!! Breakout done!! Pullback done!! And broke its major resistance level of 2355!! 50 EMA AND 200 EMA LEVEL GIVING A GOOD SUPPORT!! Volume is also above average !! Breakout from monthly POC and supply and demand also done!! Should not be a FAKE BREAKOUT let see Hope for the best!! TARGET PRICE=2836/2840 STOP LOSS=2174/2170 (The above...
SYMMETRICAL TRIANGLE PATTERN FORMED!! Breakout Done!! Kind of retesting done!! AND ON THE WAY TO FIRST TARGET!! TARGET=1641/1645 AND IF MOVED UP THEN WILL HIT MAIN TARGET!! MAIN TARGET=1803 Stop loss=1468/1458 (The above analysis is only for study purpose do not take it as any buy or sell call!!)
BREAKOUT DONE!! BUT FORMING A SHOOTING STAR!! And high possibility of filling up the gap!! let see what happens!!
ASCENDING TRIANGLE PATTERN FORMED!! Too many fake breakouts but Gave again one breakout!! Taking a pull back and can move again!! Do check volume!! Target= 666.25/670 Stop Loss=635/630 200 EMA GIVING A GOOD SUPPORT! (The above analysis is only for study purpose do not take it as any buy or sell call!!)
A FALLING WEDGE PATTERN BEING FORMED IN 15 MIN CHART!! A PARLLEL PATTERN BEING FORMED IN 1 DAY CHART!! A good call for intraday if candle breaks up then will retest and move to its resistance level that is off 644!! And if candle retest then can come up to its support level which was generated with gap up opening that is off 630!! Their will be the risky trade...