COROMANDELCOROMANDEL :- The stock has given a breakout with a strong candle and has also formed a cup and handle pattern
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Bullishpattern
Ascending Parallel channel in JSW NSE:JINDALSAW An ascending parallel channel has been formed in weekly & daily channels out of which a current daily bullish candle confirms the reversal of the falling stocks
A confirmed buying can be when it crosses the parallel channel at 310 or risk-takers can accumulate at current levels.
Another bullish signal is the crossing of the EMA 200
UPL by KRS Charts21st October 2024 / 10:05 AM
Why UPL ❓
1️⃣ UPL is Bullish Stock long term wise with Decent Fundamentals. 📈
2️⃣ Recent March Low seems like Higher Low in bigger picture ✅
3️⃣ UPL has Formed Inverted H&S and Breakout from it and currently Reversing to Bullish again after Retesting from Prev. Resistance. ↗️
4️⃣ 1D TF, Bullish Hammer is visible and today also moving strong Upside 🔅
UPL Target 716 Rs with SL of 520 1W Closing Basis
Ascending Channel pattern in FMCG IndicesNSE:CNXFMCG A major correction has happened in FMCG sector after which a strong reversal can happen in the form of bullish engulfing or hammer candlestick in weekly timeframe
If it takes the support of 55,000 and forms a bullish candle, it will reverse from the current support.
If it breakdowns below the 55,000 mark, it can correct up to 50,500 & 45,000 respectively.
Coming weeks will be a deciding factor for the indices.
Jublilant Foodworks Ltd Price Trade Above 50 EMAPrice is trading above 1 month and currently results are also good so price action and volume is high and above average. Jubilant Food had earlier done a trendline breakout, now it has reset and hit a reversal from there. JUBLFOOD our entry level is 630 Stop loss 600 and target 700 second target 800.
Price trades above 50 EMA and RSI above 60. Stochastic and MACD Positive Crossover.
PARADEEP PHOSPHATS by KRS Charts5th Nov 2024 / 10:12 AM
Why PARADEEP ❓❓
1. Strong Fundamentals in its segment, Technically Higher Highs and Higher Lows are visible. ✅
2. Was Surviving in a Range now Breakout it.
3. AVG/ Better ENTRY if gets will be 98 to 96 Rs.
4. SL is little further down due to previous Gap up in Smaller TF can fill if come down.
Target 134 Rs.
SL will be 84 Rs.
Avanti Feeds NSE (Mid to Long Term)Date- 15 March 2024
Time - 10 Am
Points to be Noted-
1. As we can see, Avanti Feeds breakout from its long-term triangle formation with Inverted Head & Shoulder Chart Pattern with strong Volume Green Candle.
2. As supporting indicator MACD is showing Seller Exhaustion with decent bullish movement so far.
3. I know we are little late but one more concept call, Poisitve Order Block with FVG (Fair Value Gap) is also applied now for more bullish confirmation.
Approx Targets we can see in Chart as per previous resistances and +order block.
Close this trade if Price move down and close below 420 on a weekly candle.
Thank You!
Channel breakout with strong bullish candle in JSW Steel(Hindi)NSE:JSWSTEEL A strong channel breakout with a big bullish candle has emerged in JSW Steel with strong volume support. 44 EMA is also about to cross the bullish candle reaffirming the bullish signal.
A SL of 945-947 with a target of ATH and above is recommended.
The rest of the video is explained in Hindi
Gabriel - Rounding Bottom patternA Rounding Bottom (also called a Saucer Bottom) is a bullish reversal pattern, typically indicating that the price is moving from a downtrend to an uptrend.
Rounding Bottom Formation: This pattern often forms over a long period and suggests that after a sustained decline, the asset is gradually transitioning into an uptrend. The price action forms a smooth, rounded curve, rather than a sharp, angular reversal.
Neckline Breakout: The "neckline" is the resistance level that is typically drawn at the top of the rounding formation, where the price has repeatedly failed to move higher. A breakout above this level is a key signal that the trend may be shifting from bearish to bullish.
Price Target: We are expecting that if the neckline is broken, the price could cross 500 level (a psychological round number), which suggests you’re anticipating a significant upside move once the breakout is confirmed. This is consistent with the typical behavior of a rounding bottom pattern, where the potential price target is often calculated by measuring the distance from the bottom of the pattern to the neckline and then projecting that distance upwards from the breakout point.
Trade Details: I am waiting for confirmation of the breakout before providing more details about the trade, including entry points, stop-loss levels, and exit strategy.
Vedl- Bullish from short term to very long termVedanta- First sign of bullishness shown after two months of fall. Always the lower timeframes indicates the change in trend. So lets start from the smaller timeframes.
1. 15 mins- Low to high and higher low is the first indicator of the bullish trend which can be seen now. Higher high and higher low is not formed clearly still as they are almost at the same level to their previous highs and lows.
1 hour- Formed double bottom because of the same levels of previous highs and lows in the 15 min timeframe. Breaking the resistance of 472 will take it to the target of 490 which again unleashes the Rounding bottom pattern.
Daily- After breaking the Rounding bottom pattern, the target of 533 will be achieved with the intermittent targets of 500 and 520. Weekly- Reaching each and every resistance will unleash the bigger and bigger rounding bottoms with the higher targets until 600 and 670 intially.
CNX SMALL CAP- BULL BULL BULL EVERYWHERENIfty Smallcap- Timeline analysis
1. Quarterly- Cup and handle breakout was done on July 2023 for which the target of 21900 is still pending. So Bullish in Quarterly
2. Monthly- 17844 and 18459 acted as a good support due to which Oct month candle didnt go beyond that. Retracement to the August month low is over. With the support of 18600 small cap index will move further up. So bullish in monthly
3. Weekly- Formed a double bottom structure with the target of 21700. If the weekly candle closes above 18459 tomorrow, then the upmove is possilbe until 19222 initially. Because everytime good upmove is seen once it touches 18459. Breaking the strong resitance of 19222 will take it to the target of 21700 - 21900. So bullish on weekly
4. Daily - Daily candle closed strongly above the support of 18459 which ensures the upmove until 19222 initially and then to 21700-21900 after it breaks the strong resistance of 19640. So bullish on Daily.
5. Hourly- The high to low and lower high to lower low is negated since the candle closed above 18459. Now low to high and higher low is formed which ensured bullish in hourly too.