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Bullishpattern

TNPLTNPL :- Wait for the breakout, the stock has also been consolidating at one place for quite some time. 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.
NSE:TNPLLong
by AjayDhakad_Keep_it_simple
Long Setup In MuthootA Inverted Head & Shoulder Chart Pattern Breakout happened on the Daily Time frame of NSE:MUTHOOTCAP Price Action supported by volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. One can initiate the long trade as per the lavel mentioned on the chart Stop loss will be on a Daily closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for Educational Purpose only.
NSE:MUTHOOTCAPLong
by raigvivek
29 Jan ’24 — All 6 Green Candles, Nifty Stance UpgradedNifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Yesterday’s W pattern is no longer valid as today’s action has nullified it. Our stance continues to be neutral with a slight inclination to the bearish side. It seems like FIIs are not done unwinding their positions — the run-up to the Budget 2024 looks interesting.” 4mts chart Two major things stand out today Nifty gets a small gap-up, but most gains came via trading - which shows how the control went to the Bulls. Zero pullback - one-way trip. Gifty was contradicting with a value of 21650+ and Nifty50 pre open was suggesting only an open around 21450 levels. The 200pts variance seemed pretty odd earlier in the day, but once N50 started steaming ahead - it made perfect sense. From the previous close, Nifty went up 394pts ~ 1.85% today - most importantly it took out the 21491 resistance with so much ease. The only thing that did not make sense today was India VIX rising 13% to 15.6 levels. 63mts chart We are changing our stance from neutral to bullish as we had all 6 green candles today. Ideally, the stance change should come only after the 21913 resistance breach - but we are taking a bit of risk here. The pattern played out to be a W (double bottom). We would now look for bullish opportunities and the first target would be 21913. The global macros are not looking good with the war in the Middle East, news from Taiwan, and news from N Korea. Hope our markets will give a strong clue in case the situations escalate.
NSE:NIFTYLong
by viswaram
A stock for momentum traders!Quickheal has given a trendline breakout today with very heavy volumes. Stock has also managed to close above 61.8% fib retracement which clearly indicates a strong buy signal. However, the SL for positional traders is very far below 230 DCB. A retracement is favourable for short term traders. Best buy level can be 250-255 for targets of 330+. However, risky momentum traders can look for quick 5% returns at CMP. Stock might touch 295 levels in this momentum. Idea shared for educational purposes!
NSE:QUICKHEALLong
by chartistamey
1
NIFTY50 Bullish Breakout: Adapting Strategies for Market SuccessTechnical Analysis: Breakout Above 21750: The market has successfully breached the 21750 resistance level. This breakout signals a potential extension of the bullish trend. New Trading Levels: With the breach of 21750, the market might establish new support and resistance levels. Traders should identify these levels for better precision in their entries and exits. Updated Momentum: The breakout above 21750 enhances the bullish momentum. Confirmatory indicators such as moving averages or other technical tools should be re- evaluated to align with the current market conditions. Risk Management: Adapt to New Levels: With the breakout, reassess and adapt your risk management strategies to the new trading levels. Consider setting revised stop-loss orders based on the updated support levels. Volatility Awareness: Breakouts can sometimes lead to increased volatility. Factor in potential price swings and adjust position sizes or leverage accordingly. Continuous Monitoring: Stay vigilant and monitor price action closely. Be prepared to adjust risk management strategies based on evolving market dynamics.
NSE:NIFTYLong
by TTS007