VanshikaUdeshi

VanshikaUdeshi

After hitting all three of our previous targets the NSE:LATENTVIEW is currently exhibiting characteristics of a symmetrical wedge pattern, indicating a potential period of consolidation and indecision in the market. A symmetrical wedge pattern is identified by two converging trendlines, both sloping inwards. This formation signifies a period of decreasing...

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NSE:PRAJIND has finally given a breakout above the neckline. At the end of the day we can see the confirmation if the candle closes above the neckline. We already have the target and stop loss mentioned.

VanshikaUdeshi Updated 

Adam and Adam Double Bottom Formation: This formation typically indicates a reversal pattern, characterized by two sharp V-shaped bottoms. It reflects a strong rejection of lower prices and often precedes a bullish trend reversal. Breakout Confirmation: Yesterday's NSE:BANKNIFTY breakout above the neckline adds confirmation to the bullish bias. The candle...

VanshikaUdeshi

NSE:WHIRLPOOL is currently trading at its 2018 low levels, indicating a significant downtrend in the stock's price over the past few years. However, the recent formation of a hammer candlestick pattern suggests a potential reversal in the downward trend. Yesterday's hammer candlestick, followed by today's confirmation, indicates that buyers have stepped in to...

VanshikaUdeshi

In NSE:BANKNIFTY there is failure of descending triangle pattern. When a descending triangle fails, it often leads to a sudden reversal or consolidation rather than a continuation of the prior downtrend. This reversal could result in a period of sideways movement or even a bullish breakout if buying pressure persists. A sustained rally above the upper trendline...

VanshikaUdeshi

A descending triangle is a bearish continuation pattern characterized by a series of lower highs (forming the upper trendline) and relatively equal lows (forming the horizontal support line). Traders often look for a breakdown below the support level as an indication of further downward movement. Traders SHOULD wait for a clear breakdown below the horizontal...

VanshikaUdeshi

1. Identifying the Downtrend: A downtrend is characterized by a series of lower highs and lower lows. Upon analyzing the price chart of Praj Industries, it's evident that the stock has been declining over a certain period. This downtrend is marked by a consistent pattern of lower highs and lower lows, indicating selling pressure and overall bearish sentiment in...

VanshikaUdeshi

Building upon the analysis conducted yesterday, it is observed that NSE:FSL stock has successfully experienced a breakout upside from the Pennant pattern. Today's price action has confirmed the Pennant pattern breakout, signaling a continuation of the prevailing uptrend. The breakout is characterized by a decisive move above the upper trendline of the Pennant,...

VanshikaUdeshi

Uptrend Observation: The first notable aspect of NSE:FSL stock is the sustained uptrend it has displayed over a significant period. This bullish movement is characterized by higher highs and higher lows, indicating a strong buying interest in the market. Identification of Pennant Pattern: A Pennant is a technical analysis pattern that resembles a small...

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Over the past few days, NSE:BANKNIFTY has experienced a downtrend, presenting an opportunity for traders to analyze a potential reversal through the formation of a rectangle pattern. The rectangle pattern is a horizontal consolidation pattern characterized by parallel support and resistance levels. It indicates a period of market indecision, where buyers and...

VanshikaUdeshi Updated 

Over the past few days, NSE:BANKNIFTY has been exhibiting a downtrend, indicating a bearish sentiment in the market. However, a notable development is the formation of a double bottom structure, which could potentially signal a reversal in the current trend. The double bottom pattern is a bullish reversal pattern that typically occurs after a prolonged...

VanshikaUdeshi

NSE:BANKNIFTY has broken a trendline. Trade can be taken after closing of candle above the trendline. A strict stoploss should be kept and targets for the same are given. The broken trendline is an important trendline as it has been resistance since 3 weeks. There can be a retesting of the trendline levels.

VanshikaUdeshi Updated 

NSE:BANKNIFTY has made Symmetrical wedge. After the fall in 15 mins chart on 2nd Jan 2024 NSE:BANKNIFTY has formed symmetrical triangle where there is a possibility of breakout. I have given Target and stoploss and reasoning of the target on the chart itself. One should wait for the breakout to happen and then closing of candle above the breakout. If the...

VanshikaUdeshi

Symmetrical Wedge is in formation in NSE:BANKNIFTY at 15 mins chart. After the breakout of either side and closing of candle(confirmation) one can enter the trade keeping target of distance between high to low of the base

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NSE:BALAMINES is retesting after the breakout. Stop Loss and Targets for the same is given.

VanshikaUdeshi

NSE:ORIENTHOT had already given breakout and now it is Retesting to the Trendline. The Fibonacci is providing Upside Targets. Stop Loss for the same is given.

VanshikaUdeshi

NSE:BALAMINES has broken 9 Month old trendline. Long trade can be taken after closing above the trendline.

VanshikaUdeshi

NSE:RAYMOND has again come near its trendline support. Raymond has been slipping due to internal problems of Md.