We are witnessing a great period in the world especially the devastating effects due to new coronavirus waves across western countries, especially in Europe, Francy, Italy, the UK, and the US. There are recent national wide lockdown announcements in both France & UK. We are also expecting a lockdown in the US if Biden wins the election.
Here is an interesting pattern update on Daawat , we can see Daawat has formed an Ascending Triangle . These patterns trend may be either bullish or bearish
Two Scenarios for this pattern:
1. We need to see a price break above 55-56 with a volume accumulation and this confirms the next new high in the near future. The trend will continue to be...
Here is an update on Rain Industries which is looking like a very good technical setup. Please see below key points from the Technical set up
1. The current trend noted is the Ascending Triangle
2. In Ascending Triangle, prices eventually break through the old highs and are propelled even higher as new buying comes in
3. You may already notice...
Here is my update on Bharti Airtel with regards to Technical Set up:
1. It has formed a bearish flag pattern which indicates further downfall in the share price
2. OBV trending downwards - which means huge selling interest
3. The more the price goes up, the more the sellers are coming on to sell this share. So there is a huge squeeze happening with...
I have come across this nice parabolic Curve Step formation in NCL Industries Limited, this is the most highly prized and sought after pattern. This kind of patterns give quick rewards.
As per the Chart, it has formed the first 2 bases in the Parabolic curve. Usually Parabolic curves will form 4 bases and we sell on the 4th base.
Base 1 formed...
Here is an interesting update on insecticides India Limited, As you can see the technical side of the Chart is looking very strong. Please see below key points noted on the chart:
1. It formed 2 patterns, the first one Flag and the second one is Pennant
2. There was a huge volume and accumulation for both the Flag and Pennat formations
3. Post the...
I would like to give an update with the NIFTY trading strategy for the short term having US elections results to be declared on November 3rd (The election results are expected to delay by 1-2 weeks due to coronavirus and postal ballot, so we can expect a lot of volatility combined with new coronavirus waves in the western countries).
As you may see...
Here is my educational view on the ITC strategy for both Option traders and investors.
Firstly, the Technical view pattern:
1. As you can see in the chart, we can notice that it has formed reverse Cup and Handle, the cup has been formed and the handle is being formed now. A reverse cup and handle is a bearish mode and it may see further downfall...