Case Study: Nifty seems to be in a crucial position. It can either get stronger to give a flag pole breakout and extend higher in the near future OR BREAKDOWN to cover up the 3 remaining gaps. We know that 99% of the time, Nifty fills its daily gaps and with these 3 pending, an up move will only mean a future down move to cover them up later. It is better for the...
The chart is self-Explanatory :) If it helps you in anyway, give us a like and a follow :)
Tech Mahindra has been consolidating for quite a while now. just as with any other cream IT Company, looks like it's gearing up for some momentum. It formed a beautiful symmetric triangle breakout and is now in a retest mode. A continuation of that breakout can trigger some good momentum. Also, check out our opinion on the overall IT Sector. What do you...
With the markets being volatile, Nestle broke its support only to retest the zone. We may see a continuation of the downfall. What are your views????
The Chart is pretty Self-Explanatory. 1. Since March 2022, the price climbed almost 42% to make an all-time high. 2. It then consolidates for 200+ days, to form a double-top pattern. 3. Recently, with 4 parabolic red candles it broke the zone. 4. We should see some pullback if it has to resume its retest and continuation What do you think?? If it was worth...
Well, like always, the chart is pretty self-explanatory. Do check out our view on nifty50 of which reliance is a major chunk. If it was worth your time, do give us a like. Anything on your mind? Feel free to leave us a comment :) DISCLAIMER: WE ARE NOT ADVISORS. WE ARE NOT REGISTERED. THE IDEAS ARE MERELY PERSONAL OPINIONS. PLEASE CONSULT YOUR FINANCIAL...
- Gap Filling Done - Trendline tested 4 times i.e. weakening - Two Dojis at the gap zone indicating indecision - A good bullish sign here can mean a potential up move - Given that the pharma sector hasn't performed in the last year, we may see some momentum in the coming period. DISCLAIMER: We are not registered. We are not advisors. Everything here is merely...
The chart is pretty self-explanatory :) Bias to green provided the IT sector flies. Check our previous idea below. DISCLAIMER: We are not registered. We are not advisors. The ideas mentioned here are merely for educational case study purposes. Please consult your Financial advisor before investing.
Another indicator on if things go well with the breakout, we may see good momentum in Indian IT Sector. Although until that happens, the price can always reverse. So a little patience might pay well.
Like always, the charts are self-explanatory :) If you like such snippets, Do give us a like and a follow :)
The chart is pretty self-explanatory. Now all that matters is if the price holds above the zone. if it does we may see good momentum. DISCLAIMER: THIS IDEA IS MERELY FOR EDUCATIONAL AND CASE STUDY PURPOSES. THIS IS NO ADVICE. DO NOT INVEST BEFORE CONSULTING YOUR FINANCIAL ADVISOR.
With a bias to RED, the chart is pretty self explanatory :) If you liked it, do give us a follow. We will keep posting such informative ideas :)