Price out from multiyear Downtrend channel and also build a 123 Setup .. below 37 act as a STOP lOSS
Before price consolidate in a range finally price break the range ... In this setup swing low act as a exit point .
Larger the consolidations stronger the breakout . After strong consolidations finally price break the range .
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout.
Price trading near a well defined boundary when price break the boundary and close above it then we will see a continuation move .
Price Trading near Multiyear Resistance ...High probability we will see some downside
In Naukri/Nifty Ratio chart made a inverse head & shoulder pattern after a deep correction , for now high probability #naukri outperform Nifty .
Price Trading near Multiyear Resistance Zone .... High probability some times LT under perform Nifty
Larger the consolidations Stronger the Breakout . Swing Low act as a Stop Loss
High probability Next two years Nifty Junior outperform #nifty50
Doubtful #breakout so i will prefer to wait for pullback for fresh entry
In long term as well as short price always follow a channel in bhartiairtel case price follow a uptrend channel and our work is enter near Channels lower boundary with defined risk .
Tech Mahindra reports Q4 earnings. Net profit at Rs 1,117.7 cr Vs Expection of Rs 1,275 cr I will prefer to go long near 800/900 Zone for target of Life High with 1 year
Q4 Result is good but not as per street expectation thats why todays closing nearly flat . I will prefer to go long near 7300 (Multiyear support )
High probability IT Sector bottom form near lower boundary (blue line) of the channel .
When price break any boundary after strong consolidations then high probability price continue the trend .
Rejection Candle act as a Reversal of Trend . Above rejection candle high we will see a continuation move
An ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is significant if it occurs within an uptrend or downtrend. Once the breakout from the triangle occurs, traders tend to aggressively buy or sell the asset depending on which direction the price broke out.