TCS BULLISH BREAKOUT ON DAILY BASISTCS IS BULLISH IN THE chart and can be seen for more up trend 4632 reversal from 4432 can be support for the tcs.
target for upside can be 4632, 4955 in coming future.
stoploss can be 4363 those who are entering after reversal from 4432 so after breakout of 4565 can be upside more promising.
#tcs #itsectorstocks #stocksinthenews #indianstocks #indianstockmarket #bullishstocks #august2024 #recentstocks #stocksintrend #uptrendstocks #uptrend
Bullish Patterns
US OIL APPROACHING FOR TRIPLE TOP US OIL APPROACHING FOR TRIPLE TOP
Features and Highlights :
US Oil is closed at 77.00 which is near to the earlier top, which is a strong resistance.
The price was retracted on 2 occasions at 77.05 and now approaching for Triple Top formation.
If the Top is breaches, further rally is expected in short term.
The trend line also formed a ascending triangle pattern. If not the Top is breached, the price will be oscillating in this triangle and take break on upward or downward direction of the trend.
Interesting to see the developments in the coming days.
GRANULES INDIA - Downtrend BreakoutGRANULES INDIA
1) Time Frame - Monthly.
2) Previous month candle strong breakout follwoed by current month cancle close with strong rejection / Retracement of the previous breakout & looking bullish.
3) Downtrend strong triangle pattern breakout.
4) Next target would be Previous All Time High - 437.95 followed by the primary trend target / resistance at around 192 in the long term.
5) Recommendation - Strong Buy
Trident NSE Date - 22 March 2024
Time - 10:30 AM
WHAT is,
1. VAH& VAL- The upper limit of the Value Area is called Value Area High (VAH), while the lower limit is referred to as Value Area Low (VAL). These levels can serve as potential entry and exit points for trades.
2. POC- The price level for the time period with the highest traded volume.
-As we can see, since last year Trident is doing HH and HL. (Bullish)
-After using Fixed Range Volume Tool for both long and medium time periods we have find that 36-37 Rs is where long term VAH volume and medium term POC + 100 Ema is also meeting at same price and creating strong support.
-Today's price movement is confirming strong support at 36-37 Rs.
So, with a SL of 32.40 (Prev HL) We can LONG Trident for Medium Term.
Thank You!
Have A Good Day!
Trident 37.75 - Profit Making opportunity (30% to 50%) or moretrident has been consolidating for while and it was in sideway trend.
by looking at volumes and deliverable quantities stock is expected to move upside.
it shows buyer's are interested to buy this stock and its shows strong buy signal.
1. if stock breaks 42 we might see it move up to Rs 51
2. Best buy around 37 to 38 stoploss 35.50
CASTROLIND - 5 years High / consolidation BreakoutCASTROLIND
1) Time Frame - Monthly.
2) The Stock has been consolidating since August, 2018 and has given a breakout with strong bullish momentum & Huge volume.
3) The stock may reach its previous All Time High (272) in long term.
4) Recommendation - Strong Buy
HDFC BANK NSEDATE - 12th March 2024.
HDFC Bank has breakout today with good amount of candle size and volume too.
Applied Concepts
Chart P. - Inverted H&S
Positive Order Block from Daily Time Frame and Previous OB of Monthly TF as shown in chart.
Only OB is not a good option so here we have applied FVG (Fair Value Gap) also, Price Action has successfully reversed from FVG and gave confirmation for potential upside movement.
Targets
1st Target as per Chart P. is 1555 Rs.
and Further upside Target as per OB and FVG is 1700+.
Thank You!
Have a Good Day.
Retailers Exit, Big Money Enters: Time for a Bullish Surge
The chart is looking bullish for several reasons. Firstly, the RSI (Relative Strength Index) is rising quickly, indicating increasing momentum. Secondly, there's a noticeable uptick in volume, which supports the price movement.
The main reason for my bullish outlook is a simple price action pattern I've observed repeatedly. When the price hits a support level 3-4 times, it often indicates a very strong support. Retail investors typically place their stop-loss orders just below this support line. This pattern is evident in this crypto as well, as marked by the green circle on the chart. The price recently dipped below the support but is now rebounding, which is a bullish signal.
With retail investors shaken out of their positions, they are likely to re-enter once the price moves above the previous support level. Initially, the price may rise slowly towards the support zone, but once it breaks above, significant buying pressure is expected. The large investors who entered at lower prices will drive the price up to the support level, then take profits as retail buying pushes the price higher.
CAMS - Growing Kid. Portfolio Stock CAMS
Looking good in Parabolic uptrend pattern.
Bullish View.
If this Monthly closing is above 4100+,
Then we can expect the following tgts.
1 : 5221±
2 : 5948±
3 : 6096±
4 : 6861±
Shared it for Reference Purpose based on chart pattern and My STUDY.
Do your analysis from your side too
This is not a BUY or SELL RECOMMENDATION from my side.
Valiant Organics NSE by KRSChartsDate: 24th April 2024
Time : 10:45 Am
Valiant Organics has been in my watchlist for a long time,
Finally, it seems like its Wave structure of downfall is finished with March low point.
Now in ABC Wave Structure C Wave is likely to reach till Depth of Correction Point which means Prev point of 4th wave is new Target.
Apart from this There is a Double Bottom Chart Pattern is visible too with Bullish Div on Monthly TF with RSI.
More Confirmation had arise when on 1st April its Gap up and Now showing Positive Order Block on Weekly TF too.
SO, with a SL of 394 Rs. (D Closing Basis) we can long Valiant Organics for Target of 860+ Rs. But make sure if you want to little more safe entry it will be above POC line at any price.
NIFTY 50 is ready for the Take-off.In the given Nifty 50 Daily time frame chart, we can see a parallel channel pattern and it's breaking out the channel and ready to form the new sky.
We can see targets of 24000,24500,24850,25120,25300 in the positional basis.
Get ready for the fly.........
*Disclaimer: Above description is only for the educational purpose, please do not take any kind of BUY or SELL on the basis of same. Please consult with your advisor before investing.
Cams Ltd Ride the Bull (Study Purpose)Ride the Bull Cams Ltd, trading above major resistances of Rs2971-3025, sustaining above these levels shall make it travel towards fib ext 1.618 levels and previous highs.
Promoters has exited completely in December 2023, new investors like Fii and Dii have lapped up this company.
Rsi in Daily/Weekly/Monthly are near 64/68/64
Adx showing strength in the momentum
SL Rs2900
Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by professionals. Be careful before investing and consult your advisor before making such decisions. I am not responsible for any mishaps or losses or gains. Not a registered sebi member.
I'm personally invested as per my study.
TAO/USDT Ready to fly toward $1000 ?TAO/USDT Chart Analysis
GETTEX:TAO is 68% down from ATH in 3 months but up 750% in a year, giving 26x returns from the bottom!
- May 7, 2023: $29
- Current: $236
- ATH: $777
Analysis:
- Bounced from bullish OB1, targeting $350-$400.
- Breaking the red box bearish OB could lead to $1000.
- Falling below $200 support may drop to OB2 ($130-$150) – best entry zone.
#Altcoins #bittensor
Breakout in NOCIL1. **Price Movement**:
- The price has been in an uptrend since mid-2020.
- There was a consolidation phase that lasted from mid-2021 to mid-2023, forming a symmetrical triangle or a range-bound pattern.
- Recently, the price has broken out of this consolidation pattern to the upside, which is a bullish signal.
2. **Volume**:
- The volume spikes suggest significant trading activity during certain periods.
- A noticeable increase in volume during the recent breakout, supporting the bullish move.
3. **Trend Lines**:
- Upper and lower trend lines indicate potential resistance and support levels.
- The breakout above the upper trend line is significant, suggesting further potential upside.
4. **Price Target**:
- The price target, marked by a blue box, shows an estimated target around INR 370. This is calculated based on the height of the previous range projected upwards from the breakout point.
5. **RSI Indicator**:
- The RSI is currently around 54.53, indicating a neutral to slightly bullish momentum.
- The divergence in the RSI during the previous highs indicated potential weakness, but the recent breakout suggests renewed strength.
6. **Support and Resistance**:
- Immediate support is around the breakout point near INR 260-270.
- Resistance is expected around the INR 370 target zone.
JK PAPERI'm not a SEBI registered analyst, Views are personal, not any buy or sell recommendations.
Today I discovered JKPAPER, which has experienced a breakout in the Weekly chart. Additionally, I noticed that it is currently in its 5th wave, which is an impulse wave. Considering the wave structure and the strong performance of consumption-based stocks , I predict a short-term upward movement in the stock. Please refer to the chart for a detailed analysis.
Channel Breakout Strategy for Long-Term AccumulationLet's structure it as a clear trading strategy:
**Trading Strategy: Channel Breakout and Long-Term Accumulation**
1. **Identify Breakout**: Look for stocks breaking out of their historical trading range, accompanied by a sudden increase in trading volume.
2. **RSI Confirmation**: Confirm the breakout with the Relative Strength Index (RSI) around 53, indicating moderate bullish momentum without being overbought.
3. **EMA Analysis**: Ensure the stock is trading above all key Exponential Moving Average (EMA) levels, signifying strong upward momentum and stability.
4. **Accumulation Range**: Accumulate shares within the price range of ₹491 to ₹500 per share during the retesting phase after the breakout.
5. **Long-Term Hold**: Plan to hold these accumulated positions for the long term, leveraging the breakout and technical indicators for sustained growth potential.
This strategy combines technical analysis with a focus on breakout opportunities and long-term investment goals.