NSE:SAIL has been forming bullish flag structure from past 10 months and is finally broke the flag above it's higher boundary with good volume. This week it retested the upper boundary of flag and forming a support. Next leg could be upside with a great potential.
NASDAQ:AAPL had a great run up last year. It had respected long term trendline support very well. It tried to break the trendline in March 2022 but faced a strong buying pressure at 150 level. Buyers jumped in and took the price back above the trendline. Price ended up making lower high which shows weakness in bullish momentum. Price reversed strongly and broke...
NASDAQ:FB has been down trending after it's recent earning report.In a weekly timeframe, it's pretty close to the long term trendline support. I am expecting a price to bounce from this area of support and at least bounce till 220 resistance level.
NASDAQ:TSLA had a great run up last year. It had respected long term trendline support very well. It tried to break the trendline in February 2022 but faced a strong buying pressure at 700 level. Buyers jumped in and took the price back above the trendline. This buying momentum was short lived which you can see from highlighted ellipse on the chart(Candle bodies...
TVC:DJI has made lower high with a strong rejection from a resistance level 35575. It has tested 32450 level 2 times before and now it's testing it the third time. It would be interesting to see how price reacts at this level. If it breaks this support level then harmonic AB=CD pattern will get activated and the target would be D point 30280 which is also a next...
NASDAQ:AAL had been in a downtrend since march 2018. After the significant dip in march 2020, buyers shown good interest in it and kept the price above 10 for couple of months, making a strong support level. Bullish shark harmonic pattern has also been formed and price reversed from PRZ(Price Reversal Zone) level. Price marched up to meet the demand of buyers and...
NSE:JPPOWER did a breakout in January 2022. Price retraced back to the weekly support level with receding volume. It's showing signs of reversal as buyers are stepping in and volume is increasing. Price could reverse from here and will continue uptrend.
FX_IDC:USDINR could form Deep Crab harmonic pattern if the price would cross point B (75.026) level. The PRZ (price reversal zone) would be around point D (77.33). One can ride the trend till D once It breaks B level or One can play the reversal once it reaches D.
NASDAQ:ROKU just hit the harmonic PRZ level of bullish shark harmonic pattern. Stock might see a short term bullish reversal from here.
NSE:JSWSTEEL is in ttm squeeze from past 22 weeks and it's making a high probability bullish setup. 1) All moving averages are stacked up. 2) Volume has decreased over time while the price retraced from the high. 3) VZO is showing sudden spike in recent candles and volume is also increasing gradually. 4) Price is getting rejected from 34 EMA and showing more...
NSE:IDFC is at the key support level formed by fibonacci cluster. It is also at the PRZ level of Bullish Gartley Harmonic PRZ pattern. Volume Zone Oscilator is also in the oversold zone. It might do a bullish reversal from here. Gartley PRZ pattern requires below criteria: XAB - 0.618 AC - 0.383-0.886 BD - 1.272-1.618 XD - 0.786
NSE:HDFC is at the PRZ level of Bullish Gartley Harmonic PRZ pattern. Volume Zone Oscilator is also in the oversold zone. It might do a bullish reversal from here. Gartley PRZ pattern requires below criteria: XAB - 0.618 AC - 0.383-0.886 BD - 1.272-1.618 XD - 0.786
NSE:KOTAKBANK is currently trading at one of the important support formed by a Fibonacci cluster as well as on a trend line. Additionally, it's near the Harmonic PRZ level of Bullish Butterfly pattern. Volume Zone Oscillator is also near the lows. If it can hold above 1810 level,Odds are that it might reverse from this level towards target #1 (1862) and then...
NSE:NAUKRI is currently trading at 200 SMA level and also at one of the important support formed by a Fibonacci cluster. Additionally, it's near the Harmonic PRZ level of Bullish Gartley pattern. Volume Zone Oscillator is also consolidating near the lows. If it can hold above 5429 level,Odds are that it might reverse from this level towards target #1 (5840) and...
FX_IDC:USDINR is forming a bat harmonic PRZ pattern. It just broke above point B level and activated the pattern. PRZ(Price Reversal Zone) level would be at 88.6% retracement of XA which is 95.4597.
TVC:DJI showed a sign of reversal on Friday. In hourly time frame, two key levels to watch: 34256 (support) and 34554 (resistance). If it breaks 34256 support level, then it can go back to 33804. If it breaks 34554 resistance level, then there are two next resistance levels that need to be watched: 34865 and 35057. If it reaches 35057 and breaks it then butterfly...
NASDAQ:AAPL is forming rising wedge pattern(bearish reversal) on weekly time frame. Volume has been decreasing ever since it has been trading in rising wedge pattern. If it breaks the lower bottom of the wedge with volume, It would be a confirmation of bearish reversal. Let's see if price breaks down or breaks up.
NASDAQ:AMZN has broken both the downtrend lines today with huge volume. Today's volume is significantly higher than past 8 days. Price action is looking super bullish. It is also forming three potential harmonic patterns. 1) Bat - PRZ level 3507.49 (88.6% extension) 2) Alternate Bat - PRZ level 3598.47 (113% extension) 3) Crab - PRZ level 3781.11 (161.8%...