Multi Year parallel Channel breakout on monthly charts.
NSE:BHARTIARTL Levels are Mentioned in the chart... Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational...
Ascending Triangle BO. SL: 769
After a big fall price is trading in a range for the last 7 + days and its time to break the resistance and move up.
BHARTIARTL LONG TAKING SUPPORT AROUND 518 (200 EMA) RESISTANCE AROUND 534 (100 EMA) RSI BREAKOUT INITIATED BUY ABOVE 535 (ON CLOSING BASIS) SL- 510 (50 WEEK EMA) TARGET- 565, 603 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
* Two chart pattern completing at the same time High conviction set up .If it made above 200-day moving average that gives more confident . * In daily time frame high volume buying initiated today that gives gives a bullishness sign . * I am pre-attempt this breakout due to high volume before the breakout . Kindly Let us Know if you have any questions.
Price giving good signal for buy and I wonder how missed this beautiful chart. Triangle breakout also done 70% so it is not the perfect time to enter. Posted for better understanding of technical analysis.
Analysis for intraday is mentioned on chart
FORTIS | Excellent breakout after 183 weeks of consolidation - Now retraced little bit heavily towards the breakout zone. CMP : 166 SL : 155 Target : 220 1:5+ risk reward setup.
If breakout holds good for another day, hop in to the bandwagon and go long. If not consider selling it
Forming a cup handle pattern with higher swing lows each time indicating bullish movements ahead. Recently did a bullish flag breakout with a bullish kicker with gap up formation. Intraday: Abv 78.2 . Intraday target could be 80.3 and shall also hold their position later based on closing for delivery. Swing abv. 81.5 with a swing target of 87.5 around. Swing SL: 79.
Explanation on chart Look for short term opportunity Watch out for supply zone reaction
Explained the previous patterns and breakouts with arrow marks. One can expect a break from the downtrend and move up from this point. Resistance marked !!
Have IT stocks in your watchlist as the Q4 results are near and IT sector companies are the 1st to declare results.
Hindustan Unilever #HUL Expecting some pullback(ideal entry around 2216 in this case) If 2456 resistance breaks then wait for a retest of support
Stock has been consolidating from last few trading session AN BREAKOUT ABOVE 365 LEVELS WE CAN SEE AN UPSIDE RALLY TOWARDS 400-420+ TARGETS