Asian Paints has given BO of box petternAsian Paints has given BO of box pattern, such an beautiful chart. We need to look for such a pattern formations and enter after Bo.. Its going towards lif highs
BOX
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.
ICICIBANK - 1H TF - Trendline ObservsationsTrendline Observation(s). Rectangular Box formation. Reaching a resistance zone of 490-492. Need to clear 500. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
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.
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.
MCDOWELLPrice took the box support currently @ the interim resistance, if breaks above then expecting to reach the top.
positives -
Q2 results.
Gujrat Gas- Box Breakout.All time high Soon? This Stock has been consolidating near it's high's since July and created a box in simple terms and in other terms created a DARVAS BOX.
Weekly Chart For the reference.
If we look at daily charts it has been visible that since past few swings it is trying to make higher lows. and along with it if we look at today's volume it is very much visible that volume is fueling up. I made a price action too to understand the entry.
Question should be why it should pause ?
Answer is if it will accumulate and break then it will break big and can give us target of a potential 14% as shown with green marking & it will give us a stop loss too.
Hope it helped in understanding.
Keep an eye folks. Cheers and Happy Trading.
Please look at other ideas too for better understanding.
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
NELCO: Box BreakoutsNELCO is in love with box price action.
Prices consolidate in boxes and then breakout in either direction causes uptrend or downtrend.
Earlier there was a downtrend post every breakout down from the box.
Scrip is in uptrend now, and boxes are shifting to higher price levels.
Next box will be parallel to previous box price zone.
Breakout has happened yesterday with good buying coming in.
RELIANCE IND.....Reliance up trend and some time side ways not continue next day and up and continue chart pattern next level date 10 oct. in 2500 and sideways continue
Bajaj Finserv OpportunityAfter a consolidation this stock broke the box at down side. Sellers can look for target of 5600 and buyers can look for opportunity of buying near 5600.
Volume indicating a downfall/offloading .
Keep an eye folks.
This is just my view not any recommendation. Trade with your own risk and be cautious.
Canara bank boxtrading in sideways enter at 98.80 with a strict stop loss or else enter when box breakout upwards for a target of 111
Trade Activate after box berakout For Education only first target 89.5 & second 105 Stop loss 73 trade activate after box breakout
Nifty Intraday Trade Setup (26-Jun-2020)Future Level: Intraday Nifty Future Buy ~ 10215, 10225, Stop ~ 10170, Target ~ 10340
Axis Bank Positional Trade SetupEntry Range ~ 395- 406, Strong Support ~ 380, 390, Target ~ 460, 480
