Bullish Patterns
JK TYRE --Bullish --Long Term JK TYRE --Weekly chart -- Bullish Technical indicators '
1. Weekly chart find lower channel breakout after correction 140 sub level , Stock seen upmove towards 200 + level an corrected again around 140 level where find retest breakout support, recently .
2. stock at cmp 164 level trading at upper channel at higher high an higher low chart pattern .
3. Weekly RSI seen enter at bullish zone above center line .
4. CCI , EMA crossover seen at center line move above center line will extreme bullish .
5. Stock above 24,35 HMA near Crossover at trendline support, and trading near 200 HMA line .
6.All this indicators look bullish turnaround in price , mid to long term Period entry at cmp 162-164 level for mid term ( 6 month) target 175-200-220 and long term ( 1 year ) target 250-300 . stop loss bellow strong support line 135 at daily candle closing bellow level .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE . ** Trade at own risk .!
HAPPY TRADING .!!
MANAPPURAMMANAPPURAM:- Ascending triangle pattern is formed, breakout is found and if it comes out above 132 then you can plan something, till then keep your eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Zydus Lifesciences - Daily. CMP 444After a 200 EMA cross, it again tested 200 EMA and has bounced back forming a Cup and Handle on charts.
Above 454 closing, expect targets of 487-511-532-572-650.
SL would be a closing below 390 on daily charts.
Always use trailing SL in your profitable trades.
*This is just a view, trade at your own risk.
Awaiting Up-Side BlastHii All,
Greetings!
Sharing with you 15 min Chart of Zydus Life Sciences.
Hoping for a upside blast
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
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Keep Learning,
Happy & Safe Trading
ANDREWYU Daily looking bullishANDREWYU Daily has trendline breakout with 200 ema support on daily candle.
Good to buy at 25.25 for target of 33.70 with sl below 21.80
Consolidation breakout in Usha MartinNSE:USHAMART
Currently breaking out from a consolidation within a bigger consolidation (See chart)
Goood volumes today and if a breakout is confirmed by EOD, I think it will go on to breakout from the larger consolidation as well.
Targets for the smaller consolidation amount to 35 points, whereas the targets for the bigger consolidation amount to 55 points, from the point of breakout respectively.
Trading above all imp averages as well indicates good strength of the major bullish trend too
For ideal R:R, a pullback will be the best point of entry!
Keep track.
WHY NIFTY WENT UPWARDS SO MUCH ON THE MONTH OF APRIL
Cradle pattern (consisting multiple doji, hammer, hanging man) is a very strong reversal indicator. Nifty formed cradle pattern from 15th mar - 30th mar indicating strong reversal on the way
Tweezer Bottom is also a very strong reversal indicator and nifty formed this pattern on 24th mar, 27th mar & 28th mar (having tested thrice instead of twice) again indicating strong reversal