Hello Everyone, Chart Pattern known as Symmetrical Triangle Pattern in which we can say that it is a chart pattern that signals a period of consolidation before the price breaks out, which can happen in either direction—upwards or downwards. Condition #1 Breakdown Target 1 - Rs 5900 Target 2 - Rs 5400 Condition #2 Reversal Target 1 - Rs 6700 Target 2 - Rs...
This chart shows a technical analysis of the stock price for Force Motors. The pattern displayed is a descending triangle, which is typically considered a bearish pattern. Here are the key features and interpretations: Descending Triangle Pattern : # Resistance Line (White Line): This is the downward sloping trendline connecting the lower highs. It indicates...
Here in Aavas Financiers are already declined by 55% in the last few months and currently trading at the 1353 level with strong support at 1335 & 1330. Look like it will take reversal from this level now and again fly high for a strong target as below : Buy Above 1385 level on a closing basis Target 1 - 1510 Target 2 - 1588 Target 3 - 1700 Strict Stop loss -...
Here we can witness a sharp recovery on Kfin tech Chart where a lower level is at Rs 272 and now it's back again at his lifetime high level ie. Rs 373. it looks like KFIN Tech will face some resistance at that level. Buy above if sustain above Rs 373 with a target of Rs 400 at least. Note - Please consult your advisor for more decision-making.
Good Morning Everyone, Here we can witness the fresh breakout on trendline where IOC can try to approach his life time high level again @ 196 level. Consider the following levels now: Breakout - 171 1st Target - 196 2nd Target - 220 Stoploss - 153 NOTE : Please consult your financial advisor before taking any trade on this recommendation
Here on chart, you can easily check that it had broke the trendline on Friday @ 2348 level, now it will fly towards upside soon. Crucial Levels are: 1st Target - Rs 2700 2nd Target - Rs 3500 3rd Target - Rs 5000 Stoploss - Rs 2000 Note - Please consult your financial advisor before taking any trade in Balaji Amines
On a weekly charts, you can easily analyze the price action movement towards it's life time high ie. @ 7500 but it may face an huddle in between at 6500 level. So main levels are: 1st Target - Rs 6500 2nd Target - Rs 7500 3rd Target - Rs 10000 Stoploss - Rs 4400 Note - Please consult your financial advisor before taking any trade in LTIM
Here you can witness a clear breakout of the Trendline in Blue Color and Resistance Level in Red Color, Which means this share is ready to enter in up-trend now. One can consider this share for a good return in the Long Term period. But for a short period, my defined targets are as below: Entry above - Rs 2000 1st Target - Rs 2200 2nd Target - Rs 2300 Long-Term...
We can simply grasp the behavior of this share on a monthly chart. Share gives a bull run and flies from 850 to 3200 on the first try. On the second occasion, it flies from 1400 to 5300 levels, and on the third occasion, we intend to hold it for a new lifetime high, which would be about Rs 7,000 over a longer duration. I hope you enjoy my analysis and continue to...
Dear Fellows, As shown on chart, we can witness the early signs of head & shoulder pattern on daily chart with neck line @ 1353 /- which means if this patterns as per our prediction then INFY will fall up to 1300 level after the formation of right shoulder and breakdown from 1353 level. Note : this post is just for the information, please consult your financial...
As you can see the share is trading in defined levels on the chart and holding its price action between the marked triangle. Share is taking support from the 490 level today and hopefully, we will see a good breakout on this counter and soon we will witness a good move towards upside targets. I hope you enjoy my analysis and continue to support me. Please...
With reference to the attached chart, you can easily identify that DMART is at a resistance level and close below that line yesterday. Now it looks like DMART will again tank towards Rs 3300 level for Support level testing. You can also take advantage of it with the following levels: Entry Below: Rs 3580 Target: Rs 3350 StopLoss: Rs 3670 Note: Please consult...
Here in Patanjali Foods, we can see that price action is headed towards a narrow range and soon it will be explode either ways. One can be accumulate this share with the following target (but only after breakout from Rs 970 level) 1st target - Rs 1000 2nd target - Rs 1031 Stop Loss - Rs 930 Enjoy your Trade well and be profitable with short targets in Share market.
Manappuram Finance is trading in down trend now a days and looks like it is going to test Rs 82 level soon. We should watch the defined level on charts where you will get a brief idea about trading idea on this counter. Important levels to watch before trade: Sell Below : Rs 100 only on closing basis 1st Target : Rs 90 2nd Target : Rs 82 Strict Stop loss : Rs 107
Here you can see that Bank Of America is trading in a down-trend now days and moving towards the strong support line which comes from past and already Market had test this support line two times in 2016 & 2020 respectively. Now if BAC broke 26.32USD then we can take a trade for a further downside with the target of 23.50USD .