Indigo painrts is forming Inverse head & shoulder. Currently It is forming right side shoulder.
#KTKBANK is getting ready for breakout. Looks like IHS pattern to me. So Kept in radar. Accumulated a little --> will add main chunk after breakout confirmation only Still need to check relative strength & momentum as it is PSU bank. Bcuz they don't usually move.
SUMICHEM is very good fundamentally It looks good on chart also now. It gained momentum. It broke out of consolidation. Please follow strategy.
#RELIANCE long idea It broke All time high - buyers will come Relative strength is 52week high Momentum is higher in daily & weekly It takes its time too move, as it is big% of NIFTY should take profit whenever relative strength weakens & momentum comes down in daily
#Pro's -->Near confluence of support -->CCI 34 D is about to revers -->CCI 34 W is at long term support (-100) ---> Might see reversal from here #Con's -->Head & Shoulder pattern breakdown may happen which makes stock to reach lower support
IPO breakout happened. It got extended. Wait for good pullback entry.
FLAG PATTERN long Idea CCI (D) > 100 Waiting for pullback entry
Prior Uptrend In consolidation with good base Range is forming in base Take position with good entry of less Risk high Reward
It is chart showing how RSI & Overbought & Oversold Zones help visually in finding low risk setups Example chart Used - Karnataka bank Indicator Used - RSI Color Zones by Feroz Indicator link Note: Not suggesting any Investing/Trade Idea. Its just for Educational Purpose.
MRO_TEK long idea Breaking out from 13 years VCP in Monthly VCP in Daily Not that good in Fundamentals So take very small position only if Good volumes with Momentum is seen during breakout
Credit access long trade Flag pattern is about to burst see volumes breakout trade can be planned on this check momentum+Volume+Price candle near breakout and take trade
NESTLE MULTIFRAME ANALYSIS -Long position once channel breaks
#GOCOLORS looks like getting ready with IHS pattern in making - May break after some time Weekly breakout line (W BO) line Right shoulder is SL Trend may change to bearish if it breaks Weekly trend reversal line (W TR) Need to keep in watchlist to follow price action
Bodal chemical has done breakout of Inverted Head & shoulder and completed retest also. It is under right shoulder of bigger IH&S. Wait for best entry and take position for 130 target with SL of 78
Keep under watchlist wait for breakout of flag in monthly chart
TTK HEALTHCARE Triangle setup need to check for good entry CCI (D) >100 --> Good momentum Keep under watchlist
This chart shows how TREND (Moving Average) + MOMENTUM (RSI) gives good conviction to take trade