Tcs- Multiple Patterns to Look outIt's Been a while since I posted . Planning to be back :)
Tcs is breaking out with multiple patterns that we can look out.
Let's Look at some patterns:-
Triangle Pattern:-
Another Pattern:- Cup and Handle or Call it rounding Bottom
And the most underrated but most powerful of all:-
Main chart is showing the price action it has created. It has consolidated for a while tooo.I have placed three targets for the viewers.
Longer the target longer the time it will take.
Keep an eye ladies and gentleman.
Fingers crossed and Happy Trading.
Boxbreakout
PRABHAT DAIRY Weekly Breakoutit has given weekly breakout above 90 level with good volume with opens up further uptrend in it
which is also coincides with major resistance on daily charts at 90.
CPR has been narrow. indicating directional momentum
RSI is above 70 on daily chart
RSI has sustained above 60 on daily chart, which already retested 60 level last week. it looks like rally just started.
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.