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W-pattern

BALAJEE - Descending Triangle Meets Multi-Pattern ConfluenceOn the daily chart of Balajee, price action has formed a descending triangle right at the lower end of the trend: 🔻 Lower highs consistently pressuring horizontal support. 🟩 Price sitting within a clear demand zone, adding significance to the structure. 📊 Volume tapering off through consolidation, a classic triangle trait. 📐 Presence of a hidden counter-trend line (dotted) hinting at a potential broadening formation — showing a rare multi-pattern overlap. Such setups are important not for pred
NSE:BALAJEELong
by Averoy_Apoorv_Analysis
1
455-Day Counter Trendline | From Breakdown to V-RecoveryThis weekly chart of Jio Fin Services Ltd illustrates a multi-phase price structure over 455 days: 🔹 Initial Rally — Kicks off from a defined accumulation base (grey zone), marking the start of a strong impulse leg. 🔹 Consolidation Phase — Price enters a descending triangle formation just below a historical resistance band. 🔹 Breakdown — Clean breakdown from the triangle pattern sends price sharply downward. 🔹 V-Shaped Recovery — A strong reaction off the original base zone leads to a sharp rev
NSE:JIOFINLong
by Averoy_Apoorv_Analysis
Bank nifty correction start now?Bank Nifty Current Price: 56,791.95 (Spot) Bank Nifty has reversed lower from the resistance trendline, confirming selling pressure near higher levels. A Dark Cloud Cover candlestick pattern combined with an emerging M-top formation indicates potential short-term bearish sentiment. It can short here or any bounce use as shorting opportunity for target 56,056 Major resistance is 57,400-57,700 The index is forming a rising wedge pattern, a bearish structure suggesting potential for deeper cor
NSE:BANKNIFTYShort
by tradetechnicalanalyst
Radhika Jeweltech – Classic Contraction PatternTimeframe: Weekly Structure Observed: Contraction Pattern between Trendlines Volume: Significant recent uptick 📊 Key Zones: 🔴 Supply Zone above 123 🟢 Dynamic Support from ascending trendline 🟠 Active counter-trendline now breached After months of lower highs and higher lows, the price has been squeezing into a classic contraction pattern between a descending orange trendline (acting as counter-trendline resistance) and a rising green trendline providing consistent support. This week’s candle
NSE:RADHIKAJWELong
by Averoy_Apoorv_Analysis
Inside Bar Ignites a Clean Breakout🟢 Simple Breakout Structure | Supply-Demand Flip ✅ Strong demand zone formed after multiple rejections 🔻 Previous supply zone clearly respected 📉 One active counter-trendline broken 🔍 Breakout of mother candle with an inside bar setup 📈 Volume expansion on breakout 🟠 Also broke a hidden resistance line, adding confluence 🧭 Chart structure remains smooth and clear, respecting zones well No predictions. Just structure.
NSE:EIELLong
by Averoy_Apoorv_Analysis
One-Sided Broadening Pattern | Pure Price Action Storytelling🔹 White Line: Captures the expanding higher-high resistance zone — part of the broader one-sided broadening pattern. Each new high is breaching the prior, giving the top side its expanding identity. 🔹 Horizontal Zone (Red to Green Shift): What once acted as a strong supply zone now flipped to a demand zone — price has respected this region multiple times, marking its evolution. 🔹 Red Line: A clean Counter-Trendline (CT) containing multiple touches, recently broken. 🔹 Yellow Line: A hidden dia
NSE:VASWANILong
by Averoy_Apoorv_Analysis
Punjab National Bank Flag Breakout Setup📈 Punjab National Bank (PNB) – Flag Breakout Setup Observed a classic flag pattern on the daily chart after a strong pole move in 2023–24. ✅ Breakout above the channel confirmed with price action near 113. ✅ Entry plan: Watch for daily close >113 with volume. ✅ Stop-loss idea: Below 106. ✅ Target 1: 140 (first swing resistance). ✅ Measured move projection targets up to ~198 possible based on full flag pole. Volume confirmation and broader market context will guide the actual trade trigger.
NSE:PNBLong
by Punit190
OPTIEMUS | Reclaiming Zones, Respecting Trendlines🟩 Price is navigating a critical structure: White Line = Major CT (Control Trendline) — currently acting as resistance. White Zone = MTF Supply ➡ Demand Flip Zone — price is holding above it. Blue Zone = WTF Demand Pocket — also reclaimed recently. 📌 After reclaiming both the blue and white zones, price is now consolidating just under the CT, possibly coiling up. 🧠 Not a prediction. No tips. Just structure-based storytelling.
NSE:OPTIEMUSLong
by Averoy_Apoorv_Analysis
7
CT Breakout + H&S! What’s Brewing in Udaipur Cement?📌 Chart Overview A clean Counter-Trendline (CT) breakout is visible on the weekly timeframe. The breakout also aligns with a classic Inverted Head & Shoulders structure. The left shoulder, head, and right shoulder are all clearly formed, suggesting a potential reversal pattern. 📌 Hidden Resistance Lines Dotted white lines represent hidden resistances, derived from prior swing highs/lows. The extended hidden line from the top acts as future resistance, adding confluence to the zone. 📌 Monthly S
ULong
by Averoy_Apoorv_Analysis
Bank Nifty Breaks Out: Classic W-Pattern Signals Bullish MomentuThis chart represents the **Nifty Bank Index** (BANKNIFTY) on a daily timeframe and showcases a technical analysis using: 1. **Fibonacci Retracement Levels** 2. **A Classic W-Pattern (Double Bottom)** 3. **RSI (Relative Strength Index)** at the bottom --- ### 🔍 **Pattern Analysis** #### 📈 Classic W-Pattern (Double Bottom) - A W-pattern, also called a double bottom, typically indicates a **reversal from a downtrend to an uptrend**. - It’s clearly marked in yellow, showing the index formed two
NSE:BANKNIFTY
by AnkurDasTrader
Max Financial Services Ltd – Trend Reversal in Play?🚀 Technical Analysis Breakdown: The yellow trendline shows a long-term support, which has held well despite recent corrections. The red downtrend line indicates a recent bearish phase, which has now been broken with a strong bullish candle. The stock has bounced from the trendline support, showing signs of strength. Above all the strong Pinbar candle looks amazing for a candle close . 🔎 Your Take? Do you see further upside or a pullback? Comment below! 👇
NSE:MFSLLong
by Averoy_Apoorv_Analysis
Identical patterns in Godfrey Phillips and Swan EnergyI showcase two identical patterns in Godfrey Phillips and Swan Energy in this video. I had previously traded Swan Energy, and because I journal my trades, I remembered its price action when I spotted the same setup in Godfrey Phillips. This is the power of journaling! By maintaining a trading journal, you track your profits and losses and improve your ability to recognize repeating patterns and backtest data effectively. Do you maintain a trading journal? Let me know in the comments!
NSE:GODFRYPHLPLong
by Averoy_Apoorv_Analysis