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Box-breakout

Tcs - Let's Play MomentumTcs has been silent for quite some time now. Reason was Banknifty pumping up. Now bank nifty is halting so some other sector has to go up if nifty needs to go and sustain above 13150 and at higher levels. Let me show the chart of IT index. As per the chart it is visible that NIFTY IT index is slowly and gradually picking some momentum. It has broke a triangle pattern and heading towards all time highs. So if Index will reach all time highs then major constituents will also perform. Another chart to understand price action:- In this chart we can clearly see that even in price action it has stopped making lower lows and has been testing levels of 2760 again and again. I have marked few rejection on the main chart to show that someone is pushing this stock up. Keep an eye folks. Cheers and Happy Trading. Disclaimer:- I am not SEBI registered. All the levels mentioned are for educational purposes. Trade with your own caution and with your own risk.
NSE:TCSLong
by LearnersParadise
2
Coromandel-Potential Box Breakout Another stock that has created a perfect box at the top. It has touched it's resistance 4-5 times already and even touched it's support multiple times but now it is sticking to higher levels and looking like soon the breakout is to happen. Target is as usual difference of the box which i have marked with green marking. I have already posted some charts in same pattern. Look at them for the movement tracking that what happens when this kind of box is formed. Kuch log dekh ke kehte honge kya ek hi type ki chiz baar baar post karta rehta hai. But remember agar ek chiz pata ho aur acche se pata ho to wo akela more than enough hai stock market mein paise banane ke liye. Cheers and Happy Trading Ladies and Gentleman.
NSE:COROMANDELLong
by LearnersParadise
12
Bajaj Auto- Long Term Breakout(Investment Option)Bajaj Auto is one of the renowned names in 2 wheelers segment. If we look at this chart which is weekly it is showing that it has been in a consolidating phase since last Oct 2017 which is more than 3 years of consolidation. Now it is trying to go out from the consolidation zone. It has tested its resistance already for 4-5 times. Even in Monthly chart signs of consolidation and breaking out is visible. Monthly Chart:- Rectangle marked near resistance is showing that stock is now sticking to higher levels. look at daily chart as well. Anything unusual? I will say yes because price is now not even able to come down 200 ema and sticking at higher levels. Finally the Target part. Target of the consolidation breakout is usually the difference of the consolidation. Don't forget to check the volumes which is being generated even at higher levels. What was the last time when we saw these kind of unusual volumes? (I have marked already). Keep an folks. Happy Trading and Cheers.
NSE:BAJAJ_AUTOLong
by LearnersParadise
10
SRF- A box Breakout RevisionLast time i posted this stock on 13th of October and since then it kept me waiting for the right time. I clearly mentioned it needs to halt before breaking out and that is what it did. Previous Posted Chart for the reference :- Waited for almost 20 days and then gave returns of 10% in a day. This is what is important in trading Waiting for the right time. Waiting for the right time is the most difficult thing to do in trading. Believe yourself and believe your analysis. Some will fail and some will go your way and the charts which will go your way will give you much more than what u lost in others. Trade with Sl and believe. Cheers and Happy Trading
NSE:SRFEducation
by LearnersParadise
6