I hope you are healthy and happy! 😃
Currently I have this stock in my radar. A clear breakout in such market conditions is uncommon and that is what makes Power Grid really powerful.
Breakout is backed by good clean candles and volume hence it seems reliable. It will be very interesting to see how the stock behaves now as it is at ATH in such market...
I have found a interesting setup which I want you all to study, learn and make a view.
We all know that CDSL is a good fundamental stock and owing to that it saw a really good uprun in the bull phase of the market and then went into time and price correction which I consider as healthy.
Now, after correcting and spending a lot of time in the...
I hope you are all doing good:)
The market is currently in a phase which nobody would prefer it to be. But this is the time where we should work hard so that when the wind starts flowing in our preferred direction, we would be the first one to reach the coastline.
I was excited for this weekend as I had a clear objective of finding out stocks which did...
In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
Technically, on Daily Time Frame, it has made perfect rounding bottom pattern and also gave breakout of it from the level 596 where it had the neckline of it.
And then it also took support from neck line level at 596 level.
Now the next breakout level for this stock is at 700 level.
This stock is for...
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
I had earlier posted an idea on TATASTEEL on 13th June which was closed at cost. TATA STEEL has been in an uptrend, continuously forming higher lows. After the recent complex pullback, it seems rested and ready to move forward and challenge its highs and possibly make new ones. It has formed a continuation candle at the 20 EMA and is moving towards its all time...
1.) very close to give breakout from Rounding bottom Pattern.
2.) has given breakout from Inverse head and shoulder pattern
3.) Support near -370
4.) Target - 475-520-600
Only for learning purpose
* Two chart pattern completing at the same time High conviction set up .If it made above 200-day moving average gives more confident .
* In daily time frame high volume buying initiated today that gives gives a bullishness sign .
* Before the breakout this stock made a Ascending Triangle chart pattern and breakout with Significant volume .
* Multiple Chart patterns Breakout at a Time ( Inverted Head & Shoulder, Cup & Handle, Rectangle and Symmetrical Triangle chart pattern ) gives more confidence in upside .
*If we look at the volume part, significant volume activity is witnessed at the time of breakout.
*Price has also trading all the important moving averages.
Considering all technical evidences...
Escorts seems to be turning from the support as well as it has completed its ABC correction which completed exactly at 1.618 of Wave A.
So, idea is buy above 1200 from where it has been rejected recently with stoploss of 1100
Can achieve fresh ATH
Positional - Long Term Trade
POSITIONAL = Entry :- 140-145 | Stop Loss :- 130-120 (Or According To Your Set Of Rules | Target :- Let It Show Weakness, Till Then Ride It.
-- Look For Healthy Volumes . Or Get Ready To Exit The Trade.
(Risk Must Be Managed.) :- Intraday & Swing = < 2% / Positional = < 5% (Good Risk Per Trade).
Keep Your Eyes On Index Or Any...
(Intraday / Swing / Positional) Trade | RR 1:2+ | Type:- Pre - Breakout
Reasons To Trade🤔 :- Stock Is In Overall Uptrend, Above 200DMA, Ready To Break- Flag Pattern / Falling Wedge = Both Supported By Fibonacci Retracement (50%) & RSI Divergence (With Good Consolidation).
INTRADAY = Entry :- After Clear Breakout or Retest | Stop Loss :- What Suits You |...
HDFC life has given proper Inverse Head and Shoulder Breakout.
First target - 780
Final target - 975
We might see some good resistance around 740.
This is not a trade call. It is just my personal opinion. Take your SEBI advisor advice before investing/trading.