aktradelearning

aktradelearning

As they say, history always rhymes. Will this time again be a repeat of history, repeating some pattern in #Nifty charts? Let's study the past. Back in October 2021, when Nifty made a top around 18600, it went into a price and time-wise correction, taking over 35 weeks to form a major bottom in June 2022. This bottom was formed amid extreme negative sentiments...

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ICICIBANK is possibly headed for a correction, weekly charts suggest that it has taken resistance with a kind of double top formation near the channel top with RSI divergence. It has corrected from top and has recently done a pullback near to 50% level, from there it is again facing resistance and there is possibility that it eventually corrects upto channel...

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#SAIL has corrected about 40% from recent swing high and currently trading near 61.8% retracement zone + weekly 200 ema and parallel channel support confluence zone. On weekly tf, it is probably trying to make a double bottom. Historidally, when it gave a breakdown below weekly 200 ema and unable to sustain above it, it continued to underperform for almost 8-10...

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TRENT chart is classical case of studying how RSI should be read, practiced and understood

aktradelearning

#INDHOTEL has possibly make a significant top and may go into either long term sideways action or a significant price damage can also occur. Fresh buying here doesn't have a good R:R

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This is Nifty view with pitchfork drawn long back. Now the price is reaching Important confluence zone which has acted resistance turned into support. This zone is also now coinciding with Pitchfork which I had drawn long back on my charts and all the lines of this pitchfork has acted as good support resistance

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KPIT - Can it make C&H pattern on weekly TF, which is continuation pattern after a huge rally from base.... Keep tracking

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Reliance on weekly charts have made a very good price action, with a morning star formation on weekly charts and demand & supply confluence zone. Also the pattern has formed at an important support trendline which has historically in past acted as resistance before Covid, after that once it broke out of it, this trendline has acted as support in past few times....

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TataConsumer is looking interesting here with R:R in favour of long side.............................

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India cement is trading at Supply demand confluence zone. It is currently making a falling wedge pattern on weekly charts which is at 50 % retracement levels from all time low to all time high. RSI is also showing positive divergence. Possibility of making a weekly double bottom with neckline breakout placed above 195. Already made higher bottom on last weekly...

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Looks like good days for #CDSL are coming back, the stock has given a fresh 52 week high closing with good volume spurt and RSI breakout. After making a making high in Dec 2021, the stock corrected by about 50% from its top and seems to have gone under significant price & time wise correction. It is now moving up from confluence of weekly 20, 50 & 100 ema and has...

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#Silver has given multi week consolidation breakout on MCX, there is high probability of it going toward that much awaited 6 digits mark very soon. The breakout also looks very health as it has consolidated well enough for quite some time near ATH resistance. RSI has also broken out of a particular triangle pattern and indicating a RSI range shift, which...

aktradelearning

Just dial has given a Monthly close above 2015 Breakdown point with rising volumes, hinting towards a trend change alert. It has made a 9 year rounding bottom in process of doing so. Also, it has given 10 years old falling trendline breakout

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Tata power on large timeframe is showing sign of heavy consolidation, some early signals are suggesting that it is rather a accumulation then distribution. Stocks is making Lower highs with slightly higher lows base formation on weekly timeframe. Weekly RSI is giving a signal that it may soon give a crossover to its avg and pattern is suggesting that a breakout...

aktradelearning

Metropolis has corrected about 60-65% from from ATH and since then has been consolidating below 1800, which was a critical support. The consolidation has been happening in range of 1200 to 1800 since last 50 weeks and so far it has made few attempts to cross the 1800 level. The way it is consolidating near this resistance level with all the weekly ema's sorted...

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Voltas is showing early sign of higher bottom formation and may eventually give a double bottom breakout in coming weeks. Stock is trading around 61% retracement level of Covid low to ATH run up and has previously given a falling wedge breakout around it in Jan. After giving a decent run up from there it has retraced back and has now been at fibo support zone...

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Apollo Hospital is showing early signs of higher bottom formation on weekly timeframe, keep it in watchlist ..

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BoB has already given a falling channel breakout out of monthly charts and has been under bullish momentum since last few months. Price has formed a very strong bullish candle on weekly charts at previous resistance, which it did broke out in past after forming a rounding bottom on weekly charts. The current closing indicates that price is confirming the previous...