11 YEARS BOX BREAKOUT ANALYSIS 07.06.2021BUY 413 TO 390
TARGET 583
Reason For Buying This Script :
In this script after 11 years now only is has broken the all time high. And now the price also has retested , So we can go for buy .
I has given high conformation. No need get panic . If price comes down means try to accumulate .
Note:
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST...
BOX
INVERTED HEAD & SHOLDER PATTERN BUY 4465
TARGET 5341
Reason For Buying This Script :
In weekly time frame it has formed HEAD & SHOLDER PATTERN Now price has to come down buy at dip around 4665 .
Once if neck line break and close above the neck line in weekly or monthly time frame means further we can go for buy and the target is 6618 to 6742.
In monthly time frame it has broken the box break out .
Note:
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST...
INVERTED HEAD & SHOULDER IN MOILBUY 157 TO 155
TARGET 215 TO 286
Reason For Buying This Script :
In this script it has formed inverted head & shoulder pattern in monthly , Now it has completed the pattern and waiting for neck line break out conformation .
Once it close above 170 in monthly candle and the next target up to 215 to 289. wait up to May month closing . If it close above 170 good buy.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
Nifty IT might be in Distribution zone,wait for box breakout.IT index within a year doubled from march 20 fall without any meaningful correction.
As wee can see big red candles ( marked with white arrows ) absorbing up moves in short time, i.e time required for up move is more than time required for down move.
To put in simple terms these few bid red candles absorb more green candles. After such move sector rotation is also expected.
There was a buyer trap also.
RSI divergence on weekly charts also visible now.
These observations make my view sideways to down side or limited upside
But direction will only be confirmed on box breakout, hence putting NEUTRAL view
Biocon - Box Breakout tradeAfter the fall Biocon has is consolidating a price range, rejecting near 407. So breaking that range will bring buying interest. So buy when it breaks 410 with SL of 400 spot.
It can trigger sell also if the lower levels break but it is near support area so I won't be taking sell trade.
BOX BREAKOUT ANALYSIS 07.04.2021BUY 252 TO 268
TAEGET 330
Reason For Buying This Script:
First conformation in monthly time frame it has broken the box and closed above the resistance line.
Now retest moment is happening .
Second conformation Down trend Line breakout .
Once the price sustain above 330 level in monthly candle and it should close above 330 in monthly candle then only it has strong conformation, And the next target up to 501.
Note:
Above Given levels are based on Monthly & Weekly time frame . It may take some days to achieve the target , So be patience's .
ALL THE BEST....
13 YEARS BOX BREAKOUT ANALYSIS 22.03.2021BUY 496 TO 485
TARGET 694
Reason For Buying This Script :
In this script after 13 years it is broken the resistance line in monthly candle, Now it is retest moment is happening. So we can go for buy.
Once it break 694 and close above 694 in weekly time frame means next target up to 830 .
Box break out target up to 830.
Note :
Above given levels are based on weekly & monthly time frame . So it will take some day to achieve the target. so be patience.
ALL THE BEST..
IOC BOX BEAKOUT ANALYSIS 12.02.2021BUY 95 TO 92
TARGET 105
Reason For Buying This Stock :
First conformation : It have broke resistance line after the side way, And closed above the resistance line.
Second conformation : In day chart it is forming trend line and channel line formation, Now it is in bottom of the channel line, Waiting for the reversal point.
Once it has crossed 105 and it should close above 105 in weekly candle and the next target p to 120
Note :
Above this given levels are based on weekly time frame, So it will take some days to achieve the target be patience.
JUBILANT LIFE SCIENCE ANALYSIS 28.01.2021BUY 927 TO 885
TARGET 1146
Reason For Buying This Script :
After the side way now it has broken the resistance line an close above the resistance line in weekly time frame.
It shows positive trend. Now it is retest moment is happening . If price come down means we can buy up to 846.
Once if it cross the 1146 in weekly time frame means and next target up to 1318 to 1369.
Note :
All the given levels are based on weekly time frame.
It will take some day or week to achieve the target so be patience.
DELTA CORP ANALYSIS 08.02.2021BUY 149 TO 144
TARGET 167
Reason For Buying This Script :
It is travelling in trend line, Now it is on bottom of channel line it waiting for reversal.
Once it break 167 and close above 167 in weekly time frame and next target up to 196
Note :
Above given levels are based on weekly time frame . It will take some days to achieve the target ,
So be patience.