PowerOfTA

PowerOfTA

It has formed a falling wedge and triple bottom pattern at important support level. Falling wedge trendline is already broken and price is making higher higher and higher low pattern. RSI is above 60 indicating high momentum. Volume are rising Support 7400 and Resistance is 8200

PowerOfTA

Hey everyone! 🌟 It looks like Meta has successfully completed a rounding bottom pattern as of January 2024 and is currently forming a bullish flag pattern with some strong volume. They’ve just had a clean breakout, which is exciting! The target from the rounding bottom or cup pattern is around 702, with support at 515, especially since the current market price...

PowerOfTA

The chart shows that the price is currently near the 200 EMA, coinciding with the 0.618 Fibonacci Retracement level, which is considered a strong support zone. These two indicators are likely providing solid support. However, it's possible that the price will consolidate or remain range-bound before making an upward move, which could further strengthen this support.

PowerOfTA

There are 3 tools to identify a Trend Reversal Fibonacci Retracement Indicator: - Fibonacci retracement levels are prices, depicted as horizontal lines on a chart, that indicate where support or resistance could likely to occur. - The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator...

PowerOfTA

Moving Average Convergence Divergence (MACD) is a technical indicator that helps investors identify price trends and potential trade reversals. It's calculated by subtracting a security's 26-day exponential moving average (EMA) from its 12-day EMA Components of MACD: - MACD Line - the fastest moving average (short-term EMA) : Blue line - Signal Line - the slowest...

PowerOfTA

- RSI Positive divergence occurs when the price is in a downtrend but the indicator starts to rise. - It is a condition where Price makes lower tops and lower bottoms whereas Indicators fail to do so. - They make higher tops and higher bottoms. These are usually reliable signs as they predict prices are going to reverse. From the above chart, you can see On...

PowerOfTA

Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move. Trendline in combination of candlestick pattern helps in confirmation of important support and...

PowerOfTA

It is making VCP pattern and after breaking out at 208, it has already consolidated and now looking for good upside move.

PowerOfTA

It making a most reliable VCP pattern, Support 380, with high volumes, can move up fast from here like Prism Johnson.

PowerOfTA

Hi, Aeroflex a subsidiary of SAT Industries has given breakout of rounding bottom pattern with high volumes and high momentum. The current candle looks like a marobozu formed at all the time high. Looks like a good breakout.

PowerOfTA

It making a rounding bottom pattern with huge volumes. Momentum is very high as RSI > 60, It can move upto 1413 with a support of 900 and then furthur can move upto 2771

PowerOfTA

Relative Strength Index (RSI) is a momentum indicator. It shows overbought and oversold condition of a security or a index. Its interpretation is: 40 (oversold) and 60 (overbought) . In above weekly chart of Union Bank of India, you can see at encircled point it was in oversold zone in June 2022 and then it moved up. Presently, it is at 40 oversold zone and most...

PowerOfTA

Hi, Radico Khaitan has been consolidating since Dec, 2023 and after almost 8 months of consolidation it has given a breakout on weekly chart. Remember, after long consolidation the stock normally show wild moves. It Support is 800 and target as per pattern is 2293

PowerOfTA

Hi, BAJAJFINSV is making symmetrical tringle pattern after along consolidation. Support is 1520 and target as per pattern is 2660.

PowerOfTA

After a very long consolidation, PVRINOX is showing a trend reversal signal as you can see 20 EMA is crossing its 200 EMA from below. So far volumes are low and it may face resistance near 1560-1565 zone. Keep in watch. Support will be 200 EMA price 1466

PowerOfTA

Hi, Quess Corp has perfectly completed Head and Shoulder's pattern on weekly chart and has been consolidating after breaking out. This is trend reversal pattern and the target as per pattern comes to 1105 and before that it has resistance at 993 and support is 697. Please do like and comment. Thanks in advance.

PowerOfTA Updated 

Kothari Petro has formed a cup and handle pattern on weekly chart. The weekly candle looks vert strong and it has already consolidated after giving a clean breakout. Support is 160 and target as per height of cup comes to 233.

PowerOfTA

It has formed a perfect hammer on weekly chart just at its previous resistance breakout level. Volumes are rising indicating support below 1339. A hammer on weekly chart is sign on trend reversal which is exactly coinciding with earlier resistance level. So, it can reverse from this in coming week.