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Abcdchartpattern

JUBLFOOD an interesting ABCD pattern under formation Jubilant FoodWorks Ltd. is an interesting stock with following : 1. RSI on all time frames DWM above 60 2. Big anchor Green Candle on daily chart with high volume at weekly close 3. ABCD Pattern under formation on weekly chart 4. Major cluster of supports as under: 20 SMA (daily) 634 50 EMA (daily) 629 20 SMA (Weekly) 634 200 SMA (daily) 584 Lets See How it progresses from here further Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:JUBLFOODLong
by rajivrajeev
Chambal Fertiliser a 6 month consolidation will it breakout ?Chambal Fertilisers and Chemicals Ltd. is another interesting chart to keep on radar with following 1. RSI on all time frames (DWM) is at or above 60 2. Narrowing Bollinger Bands on daily chart with price walking on upper band 3. ABCD pattern under formation on weekly chart with fib-extension targets of 639-694 4. 6 month long consolidation on daily chart within channel of 440-530 zone 5. Major Supports are as under: 20 SMA (weekly) 491 20 SMA (Daily) 478 50 EMA (Daily) 483 With cluster of supports in area of 478-492 lets see if it breaks out of its consolidation or continues its consolidation Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:CHAMBLFERTLong
by rajivrajeev
ZOMATO A CHANNEL CONSOLIDATION WILL IT BREAKOUT OR FIZZLE OUT ?Zomato Ltd. is an interesting chart in momentum with following 1. RSI on all time frames (D/W/M) above 60 2. Narrowing Bollinger Bands on daily chart with price walking near Upper Band 3. Four months long consolidation in range of 240 to 295 zone 4. ABCD pattern under formation on weekly chart 5. Major Price Supports as under: 20 SMA (daily ) 263 50 EMA (daily ) 264 20 SMA (weekly) 261 with cluster of supports in range of 260-264 can be a good risk reward trade. Fibonacci projection tool projects targets of 333 and 358 Lets see if it sustains the trend or fizzles out Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:ZOMATOLong
by rajivrajeev
1
DIVISLAB - CHANNEL CONSOLIDATION -WILL IT BREAKOUT OR NOTDivi's Laboratories Ltd. is an interesting chart with following 1. RSI on all time frames (i.e. D/W/M) above 60 2. Narrowing Bollinger Bands on daily chart with price walking on upper band 3. Two month's long consolidation of price in rectangular range of 5675 to 6300 levels and once price breaks out of this range, momentum will increase 4. ABCD pattern under formation on weekly chart 5. Major price supports at 5930 i.e. 20 Day SMA and 5750 i.e. 50 EMA respectively Breakout of 6300 + levels on closing basis can fetch 6700 + and 6980 levels as per Fibonacci projection tool Lets see How it evolves Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:DIVISLABLong
by rajivrajeev
Dollar IndexHello and welcome to this analysis With FED all set to start the rate cut cycle from today's FOMC meet, DXY is expected to enter the potential reversal zone (PRZ) of not one but two bullish Harmonic patterns, namely, bullish AB=CD and bullish Crab, likely forming a triple bottom in the weekly time frame. The PRZ is between 100 - 99.60 while the patterns would be considered invalid below 99.50, for a possible bounce (if not reversal) till 103. When will it enter the PRZ by? Will depend totally on hawkish/dovish, FED Chairman Jeremy Powell is in his statement today. Regards
TVC:DXY
by Dinesh_C_Nagpal
TILAKNAGAR INDUSTRIES- 3 MHTS BREAKOUT WILL IT SUSTAIN ?Tilaknagar Industries Ltd. is an interesting Breakout on weekly chart to keep in radar 1. RSI in all time frames above 60 2. Price rise with huge volume 3. Three months long consolidation breakout 4. ABCD pattern under formation on weekly chart FUNDAMENTALLY Company has reduced debt. Company has delivered good profit growth of 23.5% CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years ROE 27.2% will this breakout Sustain ? or Will it fizzle out and continue its consolidation ? Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:TILong
by rajivrajeev
ANOTHER RALLY IN ADSL?"ADSL" is now getting ready for another rally in making a new ATH. There is a good short-to-mid term swing opportunity in this stock, but before this, we need to plan our entry. Two levels of entry is possible here: a. The stock is undergoing a retracement in a lower timeframe (hourly), which should retest the previous resistance level of 254. A good entry should be at the time of retest which gives us a good risk-to-reward ratio. b. Another entry, which is in fact a more generic and safe, is when price breaks the recent swing high of 278. Targets are calculated using ABCD Pattern of Harmonics: In case "a", the targets are almost 27% and 35% respectively from the entry point. In case "b", the targets are almost 17% and 24% respectively. So, keep this in your watchlist!
NSE:ADSLLong
by rtfofficial1618
SHAYM METALICS 7 MTHS CONSOLIDATION WILL IT SUSTAIN ?Shyam Metalics And Energy Ltd. is another interesting chart 1. 7 month's Consolidation breakout in the chart 2. RSI on all time frames above 60 3. Price Breakout with huge Volume candles 4. ABCD pattern on weekly chart 5. Major supports with cluster of moving averages in zone of 665 - 720 which can act as multiple support area. Fundamentally Company has reduced debt. Company is almost debt free. Company's working capital requirements have reduced from 34.1 days to 12.1 days Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:SHYAMMETLLong
by rajivrajeev