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ISLAND REVERSAL PATTERN
18 koalas moved to Kangaroo Island in the 1920s; a century on, 27,000 descendants are stripping eucalyptus bare and risk mass starvationKoalas are overpopulating in South Australia's Mount Lofty Ranges. This boom threatens eucalyptus forests, their food source. Scientists pr...
She left Maharashtra, crossed the deep Arabian waters, and nearly reached Oman after 3,500 km trip, then does the unexpectedAn Olive Ridley turtle, Dhaval Lakshmi, has astonished experts by traversing 3,500 kms across the Arabian Sea, even nearing Oman's coast be...
Ahead of Market: 10 things that will decide stock market action on WednesdayIndian markets extended gains for a fourth session, led by IT, metal and FMCG stocks, with Nifty crossing 23,100. Technical indicators sign...
Tech View: Nifty forms Bullish Island Reversal pattern. What traders should do on FridayThe broader negative chart pattern like lower tops and bottoms is intact as per the daily timeframe chart and further upside from here coul...
Tech View: Nifty50 chart suggests weakness; support seen at 17,700 levelWednesday's pattern confirms a short-term top reversal at the swing high of 18,114 level and a beginning of a downward correction in the ma...
Tech View: Nifty forms Island Reversal pattern, signals bearish biasMazhar Mohammad said that Friday's gap down opening as a follow through to Thursday’s gap up opening has resulted in a bearish formation ca...
Tech view: Don't read too much into Friday's rally, Nifty bias still negativeThe trend remains negative with Nifty heading towards the 8,900 level.
Tech View: Nifty50 confirms Island Reversal, sends out bearish signalAnalysts see potential for the Nifty50 to test the 8,800-8,900 region in the near future.
Tech view: Nifty50 forms an 'Island Reversal' pattern, headed for 9,250Strength indicator RSI and momentum indicator Stochastic have turned bearish.
HDFC AMC, Minda, ICICI Bank, India Glycols in strong uptrendGold is showing a very strong uptrend due to buying by global hedge funds.
Island reversalThe first signal for an island top reversal is the formation of an exhaustion gap in an uptrend.
Using patterns of reversal and continuation to profitBased on historical analysis, the patterns are classified broadly into two — reversal patterns and continuation patterns.
- Buy Just Dial with a target of Rs 449: Sameet Chavan
Buy Just Dial Ltd. with a target of Rs 449 and a stop loss of Rs 375
Tech view: Nifty50 forms ‘Shooting Star’ pattern; 8,614 level key for bullsThis pattern is usually formed in an uptrend and is treated as a reversal pattern. Investors should remain cautious even when the trend rem...
Tech view: Nifty50 forms 'Short Day'; PCR, India Vix giving bullish signalsNifty50 reclaimed its crucial resistance level of 8,200, but technical chartists still advised investors to remain cautious over the next f...
Heads up! Island Reversal pattern on Nifty hourly charts not good for bullsThe Nifty50 is in the process of forming a negative 'Island Reversal' pattern on the hourly charts on the Nifty50 which may spell bad news ...
M&M, Maruti look bullish after Positive Island Reversal patternAnand Rathi is of the view that the pattern is an indicator of bullish trend and the duo are likely to continue with their upward momentum.
- Buy Rcomm with a stop loss around Rs 135: Angel Broking
You can buy into the stock that will be the opinion and the stop loss for the trade will be at around Rs.135.
- Buy RComm, Reliance Industries; avoid RNRL: Angel Broking
If you started with RNRL specifically then yesterday's trade can be said as probably a one day wonder.
- Sell Chambal Fertilizers and Chennai Petro: Shardul Kulkarni
Shardul Kulkarni, Sr. Technical Analyst, Angel Broking in a chat with ET Now gives his perspective on Cairn India, Chennai Petro and Chamba...