Equitas Holding Ltd forms bullish "Continuation Wedge" chart pattern

Recognise has detected a "Continuation Wedge(Bullish)" chart pateern formed on Equities Holding Ltd NSE.

This bullish signal indicates that the stock price may rise from the close of 117.55 to the range of 144.00-150.00.The pattern formed over 20 days which is roughly the period time in which the target price rang may be achieved, acording to the standers principal technical analysis.

After a temporary interruption, the prior uptrend is se to continue, A Continuation Wedge (Bullies) represents a temporary interruption to an uptrend, taking the shape of two converging both slanted downward against the trend.During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the trend line signals a continuation of the prior uptrend.

This bullish pattern can be seen on the following chart.

Bharti Airtail Ltd forms bearish "top Triangle" chart pattern

Recognise has detected a "Top Triangle"  chart pattern formed on Bharti Airtel Ltd .NSE.This bearish signal indicated that the stock price may fall from the close of 356.1 to the range 317.00-326.00.
The pattern formed ovr 21days which is roughly the period of time in which the target price range may be achived. according to standard principals of technical analysis.

The price seems to have reached a top showing signs of reversal as it has broken downward after a period of uncertainly or consolidation.A Top Triangle shows two converging trendilines as prices reach lower highs and higher lows. Volume diminishes as the price swing back and forth between an increasing narrow range reflecting uncertainly in the market direction.Then well before the triangle reaches its apex, the price breaks down below the lower trend line with a noticeable increase in volume,confirming this bearish pattern as a reversal of the prior uptrend.

This bearish pattern can be seen on the follwing chart.

BF Utilities Ltd forms bearish "Engulfing Line" chart pattern

BF Utilities Ltd forms bearish "Engulfing Line" chart pattern

Recognise has detected an "Engulfing Line(Bearish)" chart pattern formed on BF Utilities Ltd (5324030:BSE).This bearish signal indicated that the stock price may fall from the close of 205.8.Tells Me: The recent uptrend is due reverse, now that selling pressure has overwhelmed prior buying pressure.Following a clear uptrend, we see two candlesticks where the black real body of the second completely  envelops the white real body of the first, showing that the bears have taken over from the bulls.This bearish pattern can be seen on the following chart.

Nifty and bank nifty trading strategy after 2 oclock

Nifty future trading breakout level now 11563-11617.

If nifty trading below after 11563  bear and trading on 11617 bull.

Banknifty trading breakout level 30609-30769

If bank nifty trading below 30609 bear ..or trading on 31769 bullish.

Nifty and Banknifty trading strategy ..12th july 2019

Nifty yesterday made high 11606,low 11528.15 and close with 11582.

Nifty yesterday trading on breakout level 11567.

Today's nifty future breakout level 11552-11582.

If nifty trading below 11552 bear or Niftyfuture trading on 11582 bullies.

Banknifty future strategy

BankNifty yesterday made high 30831.7,low 30600 and close with 30717.1.

BankNifty yesterday trading on breakout level 30720.

Todays Banknifty future breakout level 30640-30746.

If Banknifty trading below 30640 bear or Bankftyfuture trading on 30746 bullies.

Larsen & Toubro Infotech Ltd forms bullish "Hammer" chart pattern

Larsen & Toubro Infotech Ltd forms bullish "Hammer" chart pattern

Recognia has detected a "Hammer" chart pattern formed on Larsen & Toubro Infotech Ltd (540005:BSE). This bullish signal indicates that the stock price may rise from the close of 1,590.30.

Tells Me: The price may have reached the bottom of the recent downtrend, having recovered high up from a sharp decline for the session. The Hammer appears during a downtrend, displaying a long lower shadow with a small real body at the top of the range. The price may be developing a bottom and due for a reversal to the upside.

This bullish pattern can be seen on the following chart.

"Inverted Hammer" chart pattern

TV18 Broadcast Ltd forms bullish "Inverted Hammer" chart pattern

Recognia has detected an "Inverted Hammer" chart pattern formed on TV18 Broadcast Ltd (532800:BSE). This bullish signal indicates that the stock price may rise from the close of 22.40.

Tells Me: The recent decline is approaching its bottom, as the balance between buyers and sellers evens out and there's an attempt (though failed) at higher prices. The Inverted Hammer appears during a downtrend with a long upper shadow reflecting an attempt a higher prices, and a small real body at the lower end of the range reflecting an evening out of the balance between buyers and sellers as the bears have lost some control. The price may have reached a bottom and ready to turn higher.

This bullish pattern can be seen on the following chart.