S2Y3

S2Y3

After forming the wedge chart pattern, we had almost a 15% downward move. I reckon there would possibly be a reversal reasons : 1. Consistent volume of green candles 2. Tested a zone of demand 3. At the end of the Bollinger-Bands If the stock breaks the zone of Demand it'll move towards the 200MA or if the stock does reverse then it'll move to the trend...

S2Y3

Technical analysis of BPCL 1) rejection From the 50% Fibonacci retracement level 2) Formation of symmetrical Triangle 3) Consistent supply 4) No RSi divergence Spotted but, it's below 50 I am gonna be neutral on the analysis And I'll trade with the trend or play the reversal of the trend.

S2Y3

You can see that the stock has made a higher-high but the RSI has made a lower high Further, the stock also has broken a trend line, thus the trend has been broken To support this analysis the stock has crossed its 20-MA. My target would be around 386-388 and 2:1 reward risk ratio

S2Y3

In the chart, you can see there is a RIS Divergence marked by trendlines also Nifty has tested and rejected the 100EMA This signals Downtrend Moreover, there is a hammer candlestick which conforms Strong Down move After Breaking the 50EMA there could be a move till 18,000

S2Y3

There is a rising wedge pattern possibly a breakout look backwards of levels and aim for 20pips target not more than that

S2Y3

Nifty 50 has broken a trendline and upward move possibly

S2Y3

Tata Steel Chart pattern tata steel is making head and shoulders pattern breakdown possiblity !

S2Y3

Happiest Mind possible breakout Demand Zone, Bollinger bands, & treng line The trend line is leading the stock to the demand zone & also the bottom of Bollinger bands from there the stock could shoot up

S2Y3

This is my idea for Nifty Breakout I have a downside view on long term But in short term for like 2-3 days I have a upeerside