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Bullish Patterns

ATUL AUTO, Will it be one of the best stock in coming rally ?Hello Everyone! You may or may not have heard of this company but one thing I am sure of is that, if you you are not superrich you must have used its product (Google it🙂). Well anyway we only consider technicals here, and on chart it is looking quite strong, let's analyze it. 1. 7 year trendline breakout with volume(refer chart). 2. Higher low and higher high formation. If we look in monthly chart it has made bottom at 120 during Mar'20 crash, after that it moves up slowly to test its last high but failed in doing so and fall down. One thing we can notice here is that during this fall it doesn't break its bottom and consolidated which was giving some initial hints of strength (i.e., institutional buy), it consolidated at that place for some time and last month it has given breakout with a huge gap up forming higher lows and higher highs. 3. Stock is at the area where it got rejected in mar'20, and is holding this level from last 21days w/o any sign of weakness. 4. Volume of the stock is considerably high after mar'20 crash but price has not moved anywhere giving indication of accumulation. 5. W- pattern with strong 2nd leg(refer chart). 6. Last point is the high RR ratio. Since with current entry SL will be below the strong candle of 24thOct'22 which is 8% and we are expecting price to move to 700. If you have any point in addition or against above points, do mention in comments. Thanks!
NSE:ATULAUTOLong
by sudhanshu_raaz
All time high Breakout in RVNLPrevious Chart pattern analysis also given in the chart. Which shows, patten achieved all its previous target(46). Currently Stock made fresh breakout, that also its all time high breakout with good volume. Stock has a potential to reach 60 level. 40-44 Level is good for re-entry. Stock shouldn't close below 40. 38 will the SL This is just a view, not a recommendation to trade. Do your own analysis before taking any trade. NSE:RVNL
NSE:RVNLLong
by KaravaliTradingZone_Official
Laurus Lab: Important Support and Resistance levelsLaurus Lab we are looking at weekly chart of Laurus Lab Ltd the zone of 436-463 has seen buying interest on previous occasions Target 1 for the current set up comes to around 583-604 zone Target 2 - 700-720 odd levels Time frame 2-3 years A word of caution: Below 435 next important support is around 340-370 zone. So plan your trade accordingly...!!! This is from Positional point of view for Longer time horizon Take care & safe trading...!!! Like and follow for more ideas like these
NSE:LAURUSLABSLong
by indiamarketoutlook