surajbholebsl

surajbholebsl Updated 

Crude Oil forming a Traingle Pattern on Daily Time Frame.Price is currently going towards its resistance.Resistance levels are looking strong at the point of confluence of Angular and Horizontal Trendline Resistances.Lets see the price action at the resistance levels.

surajbholebsl

-Ascending Triangle Breakout -Also Crossed SMA 200 -ADX turning positive -Wait for retest of breakout trendline -good entry if retests the support.

surajbholebsl

-Looks good to Buy -Clear Uptrend -Price taking Support over EMA 20 -50% Fib Retracement -Forming a Morning Star Pattern -ENTRY possible at the end of the day if confirms the Morning Star

surajbholebsl

-Stock forming Triangle Pattern. -Getting Ready for breakout/down on either side. -Keep in watchlist

surajbholebsl

Price at Major Resistance+ Bearish Divergence+ Bearish Piercing+ Good opportunity for option sellers(Bearish View).

surajbholebsl

The breakout looks promising with bears failed to push the price down from support multiple times and bulls have come up with breakout .It is also supported by SMA200 as it is just crossing it.It will surely need follow up and retesting if it has to be labelled as genuine breakout.

surajbholebsl

Banknifty has just formed a bearish piercing pattern at resistance suggesting there may be a possibility of Double Top Formation.

surajbholebsl

Titan Showing Ascending Triangle Formation with Buyers shifting up with each swing while bears continue their hold at 2780.Intersting to see if stock gives breakout from here

surajbholebsl

The stock is forming inverted head and shoulder and the breakout ,if occurs, will be just above SMA 200 which is again a bullish sign.

surajbholebsl

Lets wait for breakout/down of the pattern. Moving Averages(20/50) are appxoimated,indicating accumulation of orders- 1550 is strong support with strong resistance at 1850.

surajbholebsl

-The Stock seems to lost its bullish momentum with bearish divergences(RSI) in weekly and monthly timeframes. -Prices seems to accumulate at the top with no or negligible bullish movement in last 5 months(No strong bullish explosive candle in last 5 months). -Inverted hammer in monthly with Evening star pattern in weekly indicating that stock may turn its trend to...

surajbholebsl Updated 

Tata Steel shows Symmetrical Triangle Pattern in weekly Time frame.Now lets see the price action gives breakout or breakdown.The Stock is already in downtrend and I think if it has to continue then there will be further breakdown of triangle. Also ,Price is currently taking support on SMA 200 in Daily TF which is vital support. We can say the downtrend continues...