APLLTD [pitchfan tool]APLLTD ...
pitchfan trading :- first time i share this tool i use in my technical study purpose . The chart has several green and yellow circles highlighting significant zones. These typically represent areas of interest, such as support, resistance, or breakout points.
show potential support and resistance levels. They suggest the market could reverse its direction or experience a significant price movement along these lines.
Price Targets:
1st Target (1st TRG): The first target is marked at a certain price level, indicating the initial expected profit-taking point.
2nd Target (2st TRG): The second target is marked higher, suggesting a further price movement upward if the first target is achieved.
Stop-Loss:
Place your stop-loss below the breakout level or the recent support (green circle). This minimizes potential losses if the trend reverses.
Support and Resistance:
Monitor the pitchfan lines. If the price respects these lines and reverses or consolidates around them, these could serve as potential entry or exit points.
Based on the my technical study , the ideal swing trading would be to enter near the breakout point, aim for the first target, and then the second target if the momentum continues. Always ensure to use proper risk management with a stop-loss below the recent support or breakout level.
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Asamolsutar
ICICIGI [cup&handle]Cup and Handle Pattern :
The chart shows a classic "cup and handle" formation, which is typically a bullish continuation pattern.
There was a breakout above the handle, which is a strong bullish signal. The price broke above the resistance level formed during the handle, indicating potential for further upside movement.
Resistance:
The previous resistance level around 1660-1700, which has now been broken, can be considered a new support level.
Support:
The area around 1600, which acted as a neckline for the cup and handle, is now a significant support level.
Volume Analysis:
An increase in volume during the breakout is a positive sign. If the volume continues to remain strong on up days, it reinforces the bullish sentiment.
Potential Target Levels :
The first target can be around the previous high near 1800-1850.
Further targets can be calculated using Fibonacci extensions or by projecting the depth of the cup (around 200 points) added to the breakout level, giving a target near 1900.
By keeping an eye on these levels and the overall market conditions, traders and investors can make informed decisions about their positions in ICICI Lombard.
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BPCL [cup&handle] Bharat Petroleum Corporation Limited (BPCL) on a weekly timeframe.
The chart shows a series of cup-and-handle patterns, which are bullish continuation patterns.
The price has recently broken out of the last cup pattern, indicating potential bullish momentum .
1st Target (1st TRG):
The price level around 344 INR is marked as the first target. The stock price has recently touched this level and faced some resistance.
2nd Target (2st TRG):
The Fibonacci extension is marked as the second target range, between approximately 400 INR to 440 INR.
Volume Analysis:
The volume has increased significantly during the breakout, which supports the validity of the bullish move.
Support Levels:
The previous resistance level, now turned support, is around the 270 INR to 280 INR range. This is the bottom of the cup pattern.
Immediate Support and Resistance:
Current Price: 307.60 INR.
Immediate Resistance: 344 INR (1st TRG).
Immediate Support: Around 270-280 INR.
Two scenarios :-
Bullish Scenario:
If BPCL maintains its bullish momentum and breaks above 344 INR, it could move towards the 400-440 INR range.
Bearish Scenario:
If the price fails to sustain above 344 INR and falls below 270 INR, it might retest lower support levels, potentially around 240 INR or even lower.
Targets:
If the price manages to break and sustain above 344 INR, the next target range would be 400-440 INR, as indicated by the Fibonacci extension.
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DuroPly Industries Limited (flag ) DuroPly Industries Limited (BSE: 516003), we can identify key levels and patterns to consider for making a buying decision.
Chart Analysis:
Downward Channel Breakout:
The stock was in a downward channel from March 2024 to June 2024, as indicated by the shaded area on the chart.
Recently, the price has broken out of this downward channel, which is a bullish signal.
Volume Confirmation:
The breakout is accompanied by an increase in trading volume, confirming the validity of the breakout. This is a positive sign indicating strong buying interest.
Support and Resistance Levels:
Support Level: The lower boundary of the previous downward channel around 280-290 can act as a new support level.
Resistance Levels/Targets:
First Target (1st TRG): Around 360.
Second Target (2nd TRG): Around 440.
Buy on Pullback to Support:
Considering buying on a pullback to the new support level around 280-290. This would provide a better risk-reward ratio.
Volume Monitoring:
Ensure that the volume remains strong during the pullback and subsequent upward move. Decreasing volume on a pullback followed by increasing volume on a move up is ideal.
Stop Loss Placement:
Place a stop loss slightly below the support level (e.g., below 280) to manage risk effectively.
Trend Continuation:
If the price continues to move up with strong volume, consider holding for the targets of 360 and 440 as indicated on the chart.
Summary:
Entry Point: Consider buying around 280-290 on a pullback.
Stop Loss: Set a stop loss below 280.
Targets: First target around 360 and second target around 440.
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Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
TITAN [falling wedge pattern]Pattern :
The chart seems to show a falling wedge pattern , indicated by the converging downward-sloping red dashed lines. This pattern typically suggests a potential bullish reversal .
Support Zone:
The chart highlights a support zone in red at the bottom, where the price has bounced back. This indicates that buyers are stepping in at this level, providing strong support.
Volume Analysis :
The chart also shows volume bars. There is a noticeable increase in volume when the price hits the support zone and starts to move up. This increase in volume often validates the strength of the support and the potential for a bullish move.
Price Projection:
The blue dashed line projecting upwards suggests an expected bullish breakout from the falling wedge pattern.
Based on these observations, the future movement predicted by the pattern indicates a potential upward trend. If the price successfully breaks above the upper boundary of the wedge with significant volume, it could signal a strong bullish trend continuation.
The chart suggests a bullish outlook if the price breaks above the falling wedge's resistance line with strong volume.
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Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
LLOYDSME [CUP & HANDLE]watch on
No more say to every one my chart are talking with you what happen of some days . That patterns may be significant chance to grow up and reach to targets .
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Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
LALPATHLAB [Head and Shoulders Pattern]A trendline has been drawn showing the expected bullish trend (green solid line), with an alternate path shown (blue dotted line) indicating potential short-term fluctuations before reaching the target.
1)Head and Shoulders Pattern:
Left Shoulder: Formed around June 2022.
Head: Formed around October 2022.
Right Shoulder: Formed around February 2024.
Neckline: The horizontal resistance line around the 2,800 level, which is crucial for confirming the pattern.
The stock has recently broken above the neckline (around 2,800), indicating a potential bullish reversal.
The target price is calculated by measuring the distance from the head to the neckline and projecting it upward from the breakout point.
The approximate target price, considering the height from the head (1,800) to the neckline (2,800), would be 2,800 + 1,000 = 3,800.
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"Disclosure : I am not Sebi-registered ." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
AARTIDRUGS [descending triangle pattern bullish]I try new swing trading strategy .. if it work then explain everything to you . all trg open , SL always paid
1) Descending Trendline Breakout: The stock price has broken above a descending trendline, which is a bullish signal. This indicates a potential change in trend from bearish to bullish.
2)Support Zone : There is a significant support zone marked in red between approximately 440 and 470. The stock has tested this zone multiple times and has recently bounced back, suggesting strong support.
3)The stock has just broken out of the descending trendline and is currently around 511.70. This breakout needs to be confirmed with continued upward movement and volume is above of 20ma line like good signal .
4)Based on the chart and technical analysis provided, Aarti Drugs shows potential bullish momentum with targets at 560 and 620. However, it is important to monitor the stock for continued upward movement and volume to confirm the breakout. Keep an eye on the support zones as well to manage risk effectively.
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Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
HDFCBANKI am not sure to work this chart pattern on 4H time frame .
first time i am share that type stock in my idea , that's reason i am not confidently say to buying stock to study purpose .
hdfc is one of the best stock of my banking list which give huge profit in short term or swing trading .
i share other time frame screen shot with us in below .
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Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏
INDIAMARTdiscount % get buy this stock at one or more for huge return . my prediction is stock move to our ATH .....
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HDFC [Dragonfly Doji ]Dragonfly Doji
open TRG
A Dragonfly Doji is a type of candlestick pattern that can signal a potential reversal in price to the downside or upside, depending on past price action.
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VEDL targets opens
A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move.
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REDINGTON [Bullish pennant]The bull pennant is a bullish continuation pattern that signals the extension of the uptrend after the period of consolidation is over
TAREGETS are open after breakout with high volume or wick rejection .
I am not a sebi register this only for education purpose .I am not responsible for any loss or profit
HDFCLIFE [darvas box break] Darvas Box breakout
1) confirmation stage after done go bearish stock
2) target are opens but .. trade own your risk
I am not a sebi register this only for education purpose .I am not responsible for any loss or profit
3) possibly is if stock go up side this fake breakout and break trendline then again bullish .