6. Nifty Realty -2.43% 3 Months / Monthly - Beautiful Rounding Bottom structure - BO also done already @ 3M scale Weekly - Upward Parallel Channel Structure with a Confluence of 3 Months Resistance @ 755 acting together. Double Resistance - Double Strong Analysis and a big fall today Its not your FII friends / Covid Virus / Christmas Santa pushing these sectors...
5. Nifty Energy -2.68% fall 3Months / Monthly - After a steep rise initially - the sector has reduced the angle of growth - forming an upward parallel Channel with an Embedded Flag Pattern - BO is also done 6 months back Weekly - Precise Rejection from the Long Term Trendline Resistance. See how beautifully it touches the top of the Green candle and cuts thru...
4. Nifty Mid Cap 100 -3.27% Monthly - Upward Channel with Fib Golden Ratio 0.618 retracement - 1.618 extension Target given was 41,346. Target Met & Exceeded Weekly - Look at 1.618 level crossing and a minor correction caused by it. See how precise Technical Analysis work. Once a target is reached usually we find a retracement after testing that level Similar...
3. Nifty Small Cap 100 - 3rd highest fall today - 3.63% Monthly - Upward Parallel Channel BO + Cup & Handle BO confirmed at Monthly as of Nov Weekly - The Customary BO Retest process in progress. Today's fall has formed a Bearish Engulfing Candle, but only by weekly close we can confirm if it is still an Engulfing Candle or a smaller one with a wick at bottom. ...
2. Nifty Metal - 2nd highest fall among Nifty Peers - 3.82% Monthly Chart - After a 10+ years BOX pattern BO in 2021, it went higher and formed an Bullish Ascending Triangle and BO was also done Weekly Chart - After BO the usual retest is happening. Once again - compare the previous weekly RED candles - nothing alarming today and Bullish Pattern perfectly...
1. Nifty Media - the Biggest Fall among its Peers (-5.11%) - Comparison between Monthly & Weekly Chart Month - Beautiful Cup & Handle Pattern - BO attempted today but didn't sustain (no change in pattern) Week - Inside the Handle - there is an Inv. H&S pattern - Look at the rejection today from BO + Resistance zone of 2500 Neither is this the Biggest Weekly fall...
20-Dec-2023 - Voltas - Multi-Bullish Patterns Weekly - I can see atleast 3 Bullish Patterns 1. Rounding Bottom BO done above 928, Target 1117 2. Double Bottom around 740 levels - Target 1050 3. Bullish Ascending Triangle - BO done Predictions become accurate when multiple patterns work In-Sync.
Bullish signals on 3 Months, Monthly, Weekly and Daily. After a Long and Slow fall - it has formed a Huge Flag Pole pattern on Monthly and now taking Double Bottom Support to break the Flag Get ready for 2x above 2520 to 5300++
The NIFTY MEDIA Index is also on BO levels. Media Stocks in Focus. Hathway Cable - Strong bullish patterns both on Monthly as well as Weekly. - Team Stocks-n-Trends
Earlier, we posted Daily, Weekly, Monthly and 3 Month Trend Charts for Gold and found that all timeframes (short to long term) show the Bullion to be Bullish. But Gold faced a major resistance at 2145 and fell sharply. This is a Multi-year Cup & Handle Trendline BO attempt that failed for a short period. Inside this large Handle portion, there was an embedded...
6-Dec-2023 JK Lakshmi Cements: Inv H & S pattern on Monthly Immediate resistance at 896. Once broken it will zoom to Inv H&S neckline around 1000-1075 Once IHS pattern is broken, then target 1685 Cement Sector looks bullish. All Cement stocks on verge of BO. All of them will fly once respective Resistances / BO zones are taken down