today i missed to upload.
traingle pattern breakout buy above 945 target 951 sl 939.
now for tomorrow buy above 952 target 960 sl 944.
upl has resistance area 963 zone if it breaks and sustain for 15 min go long for positional target 993
You should always have a plan in case the opposite happens since it will happen often.
High 3 (this can is attracting buyers/scalpers/chartist attention)
-> High of the candle is higher than H2, and H2 is higher than H1.
Volume is on average as normal.
The trading range is tight and high trading activities and price rotation found.
We have found a similar...
It has been observed that the price action trending downward for past few months and dropped from 290 to 230 levels. Now, the price action breaking above the downward trendline which will indicate a strong buying pressure and buyers comeback. Once it closes above 243 levels then it shall confirm the upward rally from here on and every dip shall become a buy.
KTKBANK is consolidating between 130138 for more than a week, we'll look for trades on either sides
Entry : Long Abv 138 <=> Short Blw 130 Range
Stoploss : 5% (Closing Basis)
Basic Target: 10%
if you have any queries regarding above idea or any other stock feel free to D'M
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It has been observed that the price action is strongly trending up for past two years. Now, after a big rally up, it is consolidating in a triangle pattern and a breakout above it shall further bring upside rally.
Market Cap: 4328 Cr
Face Value: 10
Book Value: 175
ROCE (5Yrs): 107%
The steep rally in AUD/NZD is losing its steam.
It is marked by the formation of rising wedge pattern in the hourly chart.
As expected, it vented a bearish breakout.
Also, the MACD indicators has turned bearish and posits a incrementing bearish momentum.
Hence, we have a bearish view of the counter for the short-term.
ABMD break below 275$ whick was a strong support in the past.First time only weak or no rejection and the break through the support. Additionally it is the first time for a Long time that EMA20 breaks through EMA50 on a Weekly Basis.
Seems like ABMD is heading for big Problems. Possible target is the width of the range (~85$) projected from the breakout (275$ -...
FB formed a double Bottom from 11/18 to 02/19 which was confirmed by the succesful breakout on 14 january. Fueled by the earnings Reports on 30 january FB had a big upside gap. Now we have breakout of the consolidation and so we have further updside potential.
Profit Target 215$, Stop loss 165$
2:1 reward : risk ratio
Gillette broke out of a multi-month resistance of around 7110 on Friday with a huge upmove. This is a good sign as it marks a rectangle breakout.
However, It is interesting to see if this breakout sustains in near term.
RSI indicates a downturn from this range as it did historically from similar levels.
As per my analysis, the 7100 levels are important to...
The much awaited breakout happened in Maruti In the week before the last one only. But, it is better to not fall prey to failed breakouts. Hence I waited this week to confirm the breakout.
1) Strong Chart patterns —
Triple bottom formation with triangle pattern breakout.
2) Reclaiming 20WEMA —
So the actual wait was not just the triangle breakout,...