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Bullish Patterns

Diwali pickHi everyone! As we already know that few months back auto sector has given breakout from its cup & handle pattern, after giving beautiful breakout in last 2 months it has corrected a bit and now taking support near its breakout level. RSI is also giving signals for strength at current level, so the sector to go long this Diwali would be Auto. Now zooming-In, in Auto sector we have to choose stocks which will be major contributor in coming rally. Some stocks like M&M and TVS were the leaders during last up move and gave almost 60-70% rally in last 4 to 5 months, they still have potential to move 30-40% on upper side but it is not suitable for fresh entry as risk to reward will not be suitable. "CUMMINSIND" is one stock looking strong and supposed to lead from front in coming rally in auto sector, it is near its cup & handle breakout level and formed a beautiful triangle pattern, RSI is also giving positive signals. Lower side risk would be only 7% and is supposed to go up to 2000 which would be 70% from current level, i.e., we will be getting risk : reward of 1:10. Stay safe! Happy Diwali.
NSE:CUMMINSINDLong
by sudhanshu_raaz
Buy D.B CorpD. B Corp looking good on weekly and daily chart ( Multi Time frame analysis) Stock is in consolidation mode from more than 2 years after a fall from 450 level. Technical Indicator RSI-greater than 62 showing bullish momentum Stock has retraced from 150 level in Sept to 119 level Again volumes are rising on green candles looks like stock is ready for next move. Volume action- More than 4 lakh shares delievery was taken on 21 oct Fundamental Indicator ROCE (10.4% ) not so good as compared to peers Promoter holding has increased by 1.3% from June to Sept quater FII stake has increased Holding period 3-4 months Accumulate in the price range of 120-108 Target- 150 SL-103
NSE:DBCORPLong
by TradingWithVerma
2
About WTICOUSD(Crude) Will Crude “Break Down” Or “Rise”? The current crude chart raises a lot of questions..... Will wticous(crude) break the recent low, or will it show recovery for an upward movement? Is the support level of 83 valid? Are the fibo levels in the 1hour chart working in the favor of a bullish move? If at all the price breaks the 83 mark or support, where would it head? In June, WTICOUSD(Crude) was trying to hit a new high and failed. After 8Th June 2022 price started to fall after hitting the price mark of 124.418. The fall continued till 27 September 2022 with the price hitting 76.571. After this, the first bullish sign was seen in the 1-hour chart, when the breakout of the 1st structure change happened, at the price mark of 83.204. This was retested on 18th October 2022, and the price started to show bullish movement. The current price movement seen in the chart, it is showing all the correct forms of bullishness, may it be any time frame 1hour, 2hour, 4hour or 1Day. If the price breaks the level mark of $83 to $82.50 and sustains the breakdown, then the downtrend will continue. It will result in the price heading towards the levels of $79.418 & $76.517 which you can see in the 4hour chart below. The first bullish sign in WTICOUSD(Crude) will be seen if the price sustains above $88. Keeping in mind that the market is the boss. Technical analysis has given us two significant levels to look out for, $88 & $82. These levels were marked important by the author with the help of simple tools like Horizontal ray, Trend line, fib retirement filter, and simple price action of 1 hour, 2 hours, 4hour and 1 day. On the trading view platform. OANDA:WTICOUSD
OANDA:WTICOUSD
by rajbhilarkar2000
2
Nifty: Chart set up for November series and trading strategyNifty - we see Nifty trading above 21 day EMA, 63 day EMA and well above 252 day EMA - Line of resistance around 18200 odd levels - Line of Support around 16800 - So is the 200 day EMA support around 16780 Right now we are in the middle of the range Trading strategy Given the set up one may consider a Short Strangle strategy for Nifty for November series Sell 18300 Call option currently around 93 Sell 16500 Put option currently around 79 Net receivables 172 points. Yield potential of approximately 9% on Margin deployed in strategy till 24 Nov 2022. Loss in strategy if Nifty closes above 18472 or below 16328 on 24 November. Review points for me, 18030 on the upside and 16800 on the lower side. This would give ample time to exit / adjust in case need be. You decide on your Risk Management part. Take care & safe trading...!!! Do Like and Follow for more such trading ideas! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
2
Upside 10 % Good Day , Hello Traders, Ease My Trip is showing some strength as the triangle is getting squeezed n weekly basis , can give 10 % Upside. With 376 as strict Stop Loss on can enter and aim for the target of 430 and 440 Chart Self explanatory Time Frame : Weekly Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:EASEMYTRIPLong
by Piscean17th
Bull counter attack in Granules IndiaGranules India has maintained support of 340 price level after breakout. As identified in chart, Bull has made counter attack the bear candle. RSI is also increase by taking support of 60 levels,this shows stock is still in bullish momentum. If volume is consider, current candle has above average volume. Target of 395 can be achieved in upcoming days. Traders are requested to do their own analysis before taking actual trade. Happy Trading!!!
NSE:GRANULESLong
by Darshan_Panchal