WARDWIZARD INNOVATIONS AND MOBViés de alta
The Wizard with a Magic Wand (Ward Wizard Mobility & Innovation)
Ward Wizard Mobility which is a leader in the Electric 2 Wheeler Segment is all set to make headlines now.
Here is a quick comparison of Weekly and Monthly charts - each showing different representation to give you clarity on how multiple patterns get embedded one within another
Weekly Chart: (On Top)
Price is in the process of completing a 2 Year Cup and Handle Pattern
Currently, the Handle portion is in Process and to ensure a smooth and hassle free completion of Handle, the price has formed an Inverted Head and Shoulder Sub-Pattern
The Target of Inv H&S is 85 which completes the Cup and Handle. And Break out Above 85 on Weekly closing will lead to a Target of 95, 120
Monthly Chart: (Bottom Left)
On the Monthly chart - we see a Falling Parallel Channel Break-out, followed by a Retest and then Strong Bounce. This entire structure is a Bullish Continuation pattern (so the fall to retest the Channel should not be considered as a Correction)
Weekly Chart (Bottom Right)
The 2nd representation of Weekly Chart on bottom shows Why the price fell today despite hitting intraday high of more than 8%, it ended at 6.77%
The primary reason for this is the Rejection is the GAP Resistance at 63. Between 63 and 53, the price has already made a clean Double Bottom pattern having neckline around 60
On the Candle stick pattern, the price has formed a Rising 2 Bullish continuation pattern as well on weekly
Though the Resistance 63 is still strong, Every pattern reviewed so far indicates Bullishness - s its just a matter of time before 63 gets broken and price blasts up to its subsequent targets.
When you keep practicing charts - you will be able to combine multiple patterns in just 1 screen and be able to make decisions. I have split each pattern into separate windows for clear understanding of how to read a chart on various views.
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Here is a quick comparison of Weekly and Monthly charts - each showing different representation to give you clarity on how multiple patterns get embedded one within another
Weekly Chart: (On Top)
Price is in the process of completing a 2 Year Cup and Handle Pattern
Currently, the Handle portion is in Process and to ensure a smooth and hassle free completion of Handle, the price has formed an Inverted Head and Shoulder Sub-Pattern
The Target of Inv H&S is 85 which completes the Cup and Handle. And Break out Above 85 on Weekly closing will lead to a Target of 95, 120
Monthly Chart: (Bottom Left)
On the Monthly chart - we see a Falling Parallel Channel Break-out, followed by a Retest and then Strong Bounce. This entire structure is a Bullish Continuation pattern (so the fall to retest the Channel should not be considered as a Correction)
Weekly Chart (Bottom Right)
The 2nd representation of Weekly Chart on bottom shows Why the price fell today despite hitting intraday high of more than 8%, it ended at 6.77%
The primary reason for this is the Rejection is the GAP Resistance at 63. Between 63 and 53, the price has already made a clean Double Bottom pattern having neckline around 60
On the Candle stick pattern, the price has formed a Rising 2 Bullish continuation pattern as well on weekly
Though the Resistance 63 is still strong, Every pattern reviewed so far indicates Bullishness - s its just a matter of time before 63 gets broken and price blasts up to its subsequent targets.
When you keep practicing charts - you will be able to combine multiple patterns in just 1 screen and be able to make decisions. I have split each pattern into separate windows for clear understanding of how to read a chart on various views.
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
- Team Stocks-n-Trends
- Telegram: telegram.me/stocksntrends
- Telegram: telegram.me/stocksntrends
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