From a weekly timeframe perspective, INDIANB did a strong breakout with good volumes from an Ascending Triangle pattern
Stock was taking support at the 50 EMA and now has broken 200 EMA on the upside
Can wait for a minor pullback to happen and then enter based on the daily timeframe.
Has a good potential on the...
NSE:ROSSARI has broken out after long consolidation. The breakout is supported by good volume. Stock has taken continuous support from the trendline and has also provided an ascending triangle breakout. Do not chase breakout wait for the stock to retrace to some extent before entering the trade.
DISCLAIMER : This is not a call. The analysis shared is just for...
HINDUNILVR was in ascending triangle pattern since April 2020 and today it has given a breakout of the range with very heavy volumes.
Very good stock with strong fundamentals and has always been in uptrend. FMCG sector is the best defensive sector that one can buy when market is in correction.
One can easily expect 5-10% returns in short term as the closing is...
Csb Bank is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses.
The Stock broke out of Ascending Triangle Pattern with Cup & Handle Inside and that too with good volume. RSI is at perfect levels. There is a perfect MACD crossover as well. All technical indicator is...
- Huge Breakout from a consolidated range and above high
- Formation of a symmetric Triangle pattern breakout
- Supported by Huge Volume expansion
- 1020 can be a good entry level as we may get a pullback
- Can be trailed as the company is financially stable
SBI Life Insurance is involved in the business activities of Life insurance.
The Stock is ready to break out a multi year resistance placed around 1020 levels. The Stock is technically placed at 10% above its 50 DMA. The RSI Levels are around 69 which is still not overbought.
The Company is fundamentally strong backed by SBI. Further, the company belongs to...
Moil Ltd. is involved in the business activities of Mining of non-ferrous metal ores.
The Stock broke out a multi year breakout with good volumes and Ascending Triangle Pattern on charts. The Stock is technically trading at 13% above its 50 DMA. RSI is at good levels of 66.
The Company is fundamentally strong. The Company is debt free and has potential to post...
Tata Motors - Ascending Tringle Formation.
Make or Break:
With Support of 280 it might Jump in upside direction target(380) as it already tested support.
If it breaks the support of 280, Then can come till 270-250
This is for education purpose only.
- Good Fundamentals (Increasing Top and Bottom line figures)
- Breakout from an Ascending Triangle pattern with volume expansion
- Stock has volatility and thus a retest after the breakout is expected
- Good entry level at 367 with a stoploss of 316
- A consolidation near the breakout zone is expected
- High volume noticed in many other sugar stocks
Akropolis, an Ethereum based DeFi protocol that offers a suite of products such as AkropolisOS- a framework for developing for-profit DAO, Sparta- a platform for uncollateralized lending, and Delphi- a yield farming aggregator.
Since Feb 4, AKRO has been trading in an Ascending Triangle and has given a decent Breakout from the pattern today(31st March).
Godrej Consumer is in consolidation since long. Ascending triangle pattern is seen in weekly chart. Expected up move once there is breakout. Can buy in the range 700 to 720. Wait for some correction. Can accumulate in dips. Technical target is 1026. Can go long with a trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational...