A rising wedge is bearish in nature as the prices always forming higher tops and higher bottoms within a particular wedge shape or in between two...
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TATA COFFEE FORMED A ROUNDING BOTTOM IN AN UPTREND
A rounding shape in an uptrend is always going out to be strong formation as its actually following the prevailing the trend. Rounding shapes normally occurs...
Continue reading...LIC HOUSING FINANCE FORMED A HEAD AND SHOULDER PATTERN
LICHSGFIN: Sell at around 610 stop loss at 620 for the minimum target of 560. Time:10-15 days. LICHSGFIN has formed the head and shoulder pattern on...
Continue reading...SELLING PRESSURE IN NIFTY : An Opportunity For Bears.
After a good bull run now SGX NIFTY indicating signals of selling opportunity.After placing the support and resistance on the charts I have observed the intersection...
Continue reading...EUR/USD FORMED A HEAD AND SHOULDER PATTERN ON DAILY CHARTS
A Head and Shoulder pattern formation in a prevailing bullish trend is a sign of reversal or at least a temporary sell off as its basically...
Continue reading...Bearish Wolf Wave Pattern formation in GSFC
A bearish wolf wave is a five wave pattern in which stock price forms higher tops and higher bottoms in a sytematic move and retrace around...
Continue reading...Bullish Butterfly formation in Yes Bank
A Bullish Butterfly is a harmonic pattern which resembles just like a butterfly shape . Its bottom must be confirmed by a long term trend line...
Continue reading...BANKNIFTY FORMING A BULLISH CYPHER SHAPE
Today banknifty completed a bullish cypher shape which is a harmonic trading price pattern and thus resembles a good opportunity to trade it on the long...
Continue reading...FEDERAL BANK FORMING HEAD AND SHOULDER IN AN UPTREND
Inverse head and shoulder formation:- An inverse head and shoulder formation in an uptrend is always going out to be very strong formation for the prices....
Continue reading...TATASTEEL FORMED AN ASCENDING OR INVERSE HEAD AND SHOULDER FORMATION
An ascending triangle formation in an uptrend is always going out to be strong pattern as it resembles the continuity of prevailing trend. Indicator study supporting...
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