VanshikaUdeshi

VanshikaUdeshi

Consolidation Phase: NSE:VESUVIUS has been consolidating for a while, indicating reduced volatility and balanced forces between buyers and sellers. This phase often precedes significant price moves. Symmetrical Wedge Formation: The current price action is forming a symmetrical wedge pattern, characterized by converging trendlines as the price makes higher...

VanshikaUdeshi

Consolidation Phase: NSE:VESUVIUS has been consolidating for a while, indicating reduced volatility and balanced forces between buyers and sellers. This phase often precedes significant price moves. Symmetrical Wedge Formation: The current price action is forming a symmetrical wedge pattern, characterized by converging trendlines as the price makes higher...

VanshikaUdeshi

NSE:JUBLINGREA has displayed a strong reversal pattern on the chart, forming a double bottom structure. This is a bullish indication, signaling a potential trend reversal. Today's price action has confirmed the breakout above the neckline, marking a critical turning point for the stock. Technical Analysis: Double Bottom Formation: The stock formed two distinct...

VanshikaUdeshi

Balaji Amines has been trading in a consolidating zone for an extended period, oscillating between well-defined support and resistance levels. This range-bound behavior reflects a lack of decisive directional movement, but also offers an excellent opportunity for range-based trading strategies. Technical Analysis: The stock has recently touched its support level...

VanshikaUdeshi

The NSE:IDEA is currently forming a classic Cup and Handle pattern. This bullish continuation pattern suggests a potential upward movement once the pattern completes and breaks out. Here's a detailed breakdown of the pattern and the trading strategy: 1. Cup Formation: The stock has undergone a rounded bottom, creating the "cup" part of the pattern. The left...

VanshikaUdeshi

NSE:INDOTECH has reached its short term target and is trading at its all time high range. After I last gave the pattern, there were more lower peaks and higher troughs.

VanshikaUdeshi Updated 

NSE:HBLPOWER stock is currently forming a symmetrical wedge pattern following a significant rally, indicating potential consolidation before the next major price move. This pattern suggests a period of indecision in the market, with equal pressure from both buyers and sellers. A breakout above the upper trendline would signal a continuation of the previous...

VanshikaUdeshi

NSE:INDOTECH stock has formed a symmetrical wedge pattern following a strong rally, indicating a potential continuation or reversal. Symmetrical wedges often signal consolidation before a significant price move. If the price breaks above the upper trendline, it suggests a continuation of the upward trend with a price target of 2450. Conversely, a break below the...

VanshikaUdeshi

NSE:SYMPHONY has confirmed a breakout from the double bottom pattern. The breakout candle solidifies this move. The target is calculated by adding the height from the bottom to the neckline. Maintain a stop loss just below the neckline to manage risk effectively and protect against potential reversals.

VanshikaUdeshi

NSE:SYMPHONY is currently forming a double bottom pattern, which indicates a potential bullish reversal. This pattern typically suggests that the stock has found strong support at the bottom levels and may be preparing for an upward movement. However, traders should exercise caution and consider entering a trade only after a confirmed breakout above the...

VanshikaUdeshi

NSE:KPIGREEN has recently experienced a significant bullish run, pushing its stock prices to new highs. Following this surge, the stock appears to be forming a classic pennant pattern, which is a continuation pattern often indicating that the prior trend will resume after a period of consolidation. Breakout Potential: If NSE:KPIGREEN breaks above the upper...

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...