This stock has formed the classic cup and handle pattern indicating a possibility of a breakout. Stop loss can be maintained at 158, which is the bottom of the handle. Supporting Technicals: RSI: 65.6 ( Bullish but not overbought) MACD is above its center and signal Line, this is a bullish indicator. P.S: This idea is for educational purposes only and should...
The stock has broken out of the pattern after a consolidation phase and supported by very high volumes. It is expected to follow on the trend and can be bought at current levels for targets of 838 and 900 in near future. The stop loss can be maintained at 775 level, which was the resistance level before the breakout. Supporting technicals: RSI: 66 (Bullish but...
ABFRL given BO from weekly TL. now consolidating below its strong resistance zone 225. closing avove 225 can give good upmove for the target of 275-280
#TataSteel walking on the Bollinger band is clear bullish trending move.it is a rounding pattern break out that 16 July. All timeframes good bullish momentum and trend.Make note of volume spike before making entry as it is currently seen below moving average
A huge volume breakout can be easily seen on this beautiful chart at a level of Rs80. This happens after a great long rally the stock has shown from the last year with a series of higher highs and higher lows. This can be bought at a retracement of around Rs 80-85. From here, I think a rally of 30 points is possible and the second target of 50 points is also...
JK Cement giving a sensational breakout at 3000 levels. This is crossed after a long consolidation started in February. I speculate a good move of 300 points on the upside in a few weeks. A good risk reward trade with a small stop loss below 3000. Buy on corrections. Kindly note, this is not a recommendation. Only an analysis.
Fortis has given a breakout after a rounding bottom and broken the resistance from May 2017. This is a bullish pattern. Please note, this is not a recommendation and only an analysis.
Previous rejections area and neckline of double bottom. Breaking 313 level can be good upside move. Resistance turned into support and pushing price upwards.
There are some observations that can be made on the chart of IBULHSGFIN. The stock had made a run from the low of 19.04.21 and made a peak of 313.70 on 16.06.21. Since then it has pulled back to the 20 EMA, consolidated and is trying to continue its upward move. Price is above both the major averages i.e. the 50 and the 200...
DMART has been facing rejection from the 3400 level since the mid of June 2021. Despite these multiple rejections, the lows that it makes are gradually becoming higher. It took support at 3250 on 18.06.21, then again on 29.06.21, then it formed the next swing low at 3300 on...
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Channel pattern BO in APAR Industries. Looks good for swing traders. There is a Breakout of another Weekly TL too.
Crude oil Aug Long Buy above 5385 SL- 5342 Target- 5434, 5476, 5558 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
#SPENCER NSE:SPENCERS This is how contra bet works! :D Even after such an epic move so far, I'm expect another 25% upside from here also. When we have purchased right, the only thing now remains is to sit patiently & enjoy the ride! Disclosure: Invested. (Hope some of you also enjoy the perks of value investing! :)... Lets make fortune together!! )
TEJASNET daily: Looks good for more upside at CMP 1) Pennant Pattern BO 2) Optical and data networking products company A pennant is a type of continuation pattern formed when there is a large movement in a security, followed by a consolidation period followed by a breakout movement in the same direction as the initial large movement. The initial move is met...
NSE:RUPA Consolidating for a long time, any upward move will bring a good breakout on the stock. Flag pattern formed. RS>0 RSI bounced back from 50 levels. EMAs on the upward side. 2h Supertrend has turned positive. Disclaimer: This is NOT an investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
This is follow-up on Rain Industries. Can check link to related ideas. Target 1 achieved. More than 55%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
Now it is trading above the previous resistance level but on weekly chart it is important that candle sustains this level for successfull breakout. Also there's good volume build up