Falling wedge and triangle formation on gail daily chart look for breakouts.
We can spot a triangle formation in the hourly chart of BPCL. Look for breakout.
A rising wedge can be observed in the chart look for breakout on the downside.
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NIFTY has been in trading sideways for many weeks now (since dec ) many small patterns on hourly and day chart formed in between which gave hope that correction will end ----however the consolidation continued frustrating many----NIFTY is now ready for an impulse -----the breakout or breakdown levels are marked by blue lines in the analysis ----aggressive...
DR reddy has formed a rising wedge on daily chart and there is expectation of an upside breakout. Look for long opportunities.
In the daily charts a rising wedge formation can be observed, look for bearish breakout.
Axis Bank trendline breakout can set the momentum for this expiry. 600 is acting as a great support as per OI data.
Notes on the chart. Do hit the like button. Regards Bravetotrade
Btc breakout region with stop loss beware to put your stop loss
NSE:AMARAJABAT has broken out it's channel with a strong bullish candle on 1 Hour Chart. Consolidation is done and NSE:AMARAJABAT was able to sustain above it's channel after breakout and then Momentum continued.
Reliance first major Flag after accumulation. A breakout is a good positional LONG trade
PETRONET Weekly - Convincing breakout? Last week was a huge bullish candle. Find levels on chart
RANGE BREAKOUT STRATEGY ------------------------------------------------------- 1) First find a stock which moved only in a extremely narrow range after 10 or 10:30am during the day on 15 min timeframe. 2) Draw a rectangle covering all HIGHs and LOWs (as shown in this example) 3) Entry for Buy will be Upper Lvl of box with SL as Lower Lvl & Entry for SELL will be...
Hi all, So finally we broke out of ranges. But the problem is that we are not consolidating, which recalls me of a saying "the quick you gain, the quicker you lose". Yes, we are in strong momentum and everybody is in breakout euphoria. But there has to be a point of saturation, which I suppose is near 11033. I don't say that it will be the end of this rally but...
After a big run-up, the stock has been consolidating off late. The recent congestion near key resistance area is a positive sign. Any breakout to new highs will get me interested in this stock.
This chart is a nice case study on those interested in identifying support, resistance and breakouts. After a big breakout, price dribbled lower to seek support at the prior highs, that acted as support. Notice the drop in volume during the fall and the pick in volume last week. Interesting stock and I bought a few last week. Will add more on further rise.