FREE Stock (share) market / nifty intraday trading tips and analysis on BSE NSE (Cash & Option).
In daily chart stock had already broke its resistance and overall the stock is in bullish form.
It can be consider that the stock will oscillate in this price.
In smaller time frame one hour chart the stock movement is slow but it is in the bullish form. So by keeping support level that is 1853 buy and stop-loss can be 10 point lower the support. target can be near 1978
Bajaj Finance has already formed a descending triangle
It has break its triangle in up-direction and now this stock is following an up-direction.
You can see in the chart i have mentioned “continues up-move”
after every continues up move the stock always form a small triangle and there is a price rotation.
The stock has taken perfectly it’s support every-time.
The stock is trading near the support of curve line.
It has already formed a M-top pattern that is double top.
The stock is trading in between 100 and 90 price.
On INFY there is a perfect channel is formed. The stock is revolving between the channel.
Price is currently near the control line. It is expected to move from the current level to 752 price point, that is till B point.
Below 723 price can be bearish .
The stock is following Long move downwards.
Head and shoulder pattern is formed between 8 Feb 2019 to 14 jun 2019, 82 bars.
After the pattern formed there was 61 point reversal that is from 167 price slop down to 106.
TATAMOTORS followed with rounded top and there was a continues fall that is stock has reversed from 202 to 63 equal to 139 point reversal.
Now TATAMOTORS is forming a disjoint channel 23 mar 2020 till now
There is increase in volume fluctuation.
Support near 93.50
Below 87.32 bearish
Disjoint channel:
Channels are used broadly by technical traders to identify and follow the trends of securities over time.
channel is one such charting pattern that technical analysts will use to evaluate the trend of a security.
In general, channels can be used to pinpoint optimal support and resistance levels to buy or sell securities.
Head and Shoulder:
In technical analysis , a head and shoulder pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The head and shoulder pattern is believed to be one of the most reliable trend reversal patterns.