A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
GSFC Target 136 Stop Loss 104
Godrejcp move in parallel channel .
3M India is having good support at level of Rs. 24190, stock is reversing at this level, supported by bullish reversal candle, Bullish Engulfing on previous close. Stock gave closing of Rs. 24733.65, can give upside move up to Rs. 27150 in a month, with stop loss of Rs. 23880.
Tata power have consolidated for a whole month inside a triangle pattern. Looks like it can give a gud move above and also has a gud support on the trendline. Feel free to comment what you think.
BPCL has been making consistently Higher Highs and Higher Lows and the Bottom Support Trend line is providing good support. Now after making a Higher High on 9 June the price has been falling and it is near the support trend line at around 440.Now we have to see whether the Support holds and the trend changes. There is also a Bullish Divergence. Keep a sharp lookout.
Underlying logic: 1. The price gets rejected from a level repeatedly and forms a major resistance. 2. There is an initial test of supply which absorbs some pending orders 3. The price finds a bottom and some sort of accumulation happens. 4. After the accumulation, the price tries to move back up to retest the resistance level. 5. A bull trap is confirmed when...
ALL LEVELS MENTIONED ON THE CHART ❕ THANKS FOR SUPPORT 🙏
Great setup being formed as the stage 1 accumulation seems about to end. Thus, stock is ready to enter the favourate phase of every trend following trader i.e. Stage 2 Mark-up period. Now, What is a mark-up period? Here, a stock exits a phase of accumulation where smart money accumulates a large chunk of share from the market and picking all the offers made by...
- Price is converging between lower trendline and upper trendline, will need to give breakout (follow the major trend) - Price must trade above 35800 and sustain to make upper move to ATH which is 5.38% away) - Outperformed nifty this week, follow up price action is needed (upside) as price closed exactly at upper trendline shadow - Anticipating breakout in 1-3...
Trendline still not broken (price near trendline and in consolidation mode around 15600 to 15900 This week the nifty closed at ATH and managed to close at upper levels. Making small momentum candles (can break either side, p.s. Major trend is up) Strong support at 15300 levels A decisive close above 16000 with a catalyst is needed to enter new territory. This weak...
This method of trading has been pioneered by Stan Weinstein in his book "Secrets for profiting in bull and bear markets" NSE:BSE for entry and sl : s3.tradingview.com for exit , trail the trending HH-HL structure on hourly or daily timeframe
👑 Terms used if you don't know : ✣ An inverse head and shoulders also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of security meets the following characteristics: the price falls...
For paper trading, -Ramco cement gave horizontal breakout as well as multiyear trend line breakout. - Start accumulation at retest of 1110 rupees. -
Can Banknifty be upside down from here ?
hduyd udhudsdushdsjd sdushdb sudyshujdn si8dhns d8sidj