WABAGWABAG:- Rounding bottom pattern is formed, wait for breakout, till then keep your eye on the stock
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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
MAHSCOOTERMAHSCOOTER:- The stock has given a breakout on every time frame, keep an eye on the stock
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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.
will be posting more such ideas like this. Until that, like share and follow :)
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COFORGECOFORGE:- Stock has given breakout almost after 1.5 years, if it sustains above breakout level then we can plan something.
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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.
will be posting more such ideas like this. Until that, like share and follow :)
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KOTAKBANKKOTAKBANK:- Stock has given breakout almost after 1 year, if it sustains above 1979.70 level then we can plan something
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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.
will be posting more such ideas like this. Until that, like share and follow :)
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Cup and Handle Breakout in NMDC Steel.Cup and Handle Pattern Breakout in NMDC Steel.
40 Price level was acted as strong Resistance, now that level is broken with good candle and significant Volume.
Retested that level and 41.55 was the high of the breakout candle.
If today's candle closed above that level, then there is a high chance stock can move till 49-50 Range in Coming days.
38 is the idea Stop-loss.
This is just a view not a Recommendation, Do your own analysis before making any investment in Stock MARKET.
NSE:NSLNISP
PostMortem on BankNifty Today & Analysis of 30 MAY 2023 FinNiftyYesterday's high of 44483.35 broken today, the new ATH is now 44498.6 thanks to the last 2 5mts candles of today. Banknifty is now in some real good form - not planning to retire any time soon. Would have got some inspiration from MSD from the IPL 2023.
The opening was not that exciting, we even fell in the first 5mts to hit an intraday low of 44207.5. But again no intention to hit the first support at 44068. From there the price action was flattish.
In the opening minutes, I felt Nifty50 to be more promising of a bull run today vs banknifty looking at the options data and the credit spreads getting written at PE.
But Nifty's momentum faded out after 10.15, nevertheless it also ended the day in green but just ~ 250+ points to reclaim the ATH.
The run in Indian stock markets has been nothing short of surprising, even with the currency devaluation our markets has continued to outshine for the domestic investors. I am really worried about the foreign investors - are their Indian portfolios still in green?
---
15mts TF shows strength today as the gap up of yesterday's was not broken. The momentum is favoring the bulls. As long as the gap-up level holds the bulls will continue to keep their position alive as it will be in profit.
If there is a deeper cut, these bulls should run for cover creating a small fall even lower than the recent swing low. For that to happen we need some news/event trigger because as it stands now - its euphoria.
---
1hr TF also shows strength, same reason - the gap being untested. Also the 5 candles of consistent green today - something you dont expect after a big rise.
Might be the news of ATH getting taken out would have hit the media and new participants would have entered the markets (the volume does not say so)
---
FinNifty expiry Special
CNXFINANCE also hit a new ATH today 19636.9. The rally of 117pts coming after 14.00. Of which 60% of the pts coming after 15.05. Market makers & Big Boys have a new system to rally or break the markets after 14.30 these days causing minimal impact to the options premium.
But one exception would be the 19600 CE Finnifty that went up a whopping 2835% between 15.05 to 15.10. Price wise a rise from 0.5 rupees to 14.85 rupees. Finally it settled at 6 rupees.
Again a perfect example of how options trading can reward the knowledgeable and the person who acts on that.
to see all 6 charts of today visit viswaram. com
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TATAPOWERTATAPOWER:- Stock has given breakout of parallel channel, if you want to plan something, you can plan from 212 to 217, till then keep your eyes on the stock.
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 :)
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Ajay.
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All time high breakout in HINDWAREAPAll time High Breakout with Significant Volume.
If Price Close above 515 Range in a day chart, then there is a high chance stock can move till 640 Range.
Stop-loss below 445 Range.
For Re-entry 480 range is good level
( Previous resistance level will act as support if its a genuine breakout)
This is just a view not a recommendation. Do your own analysis before making any investment.
NSE:HINDWAREAP
SYNGENESYNGENE:- Stock has given breakout, after almost 2 years, if you want to plan something, then go back to 685-695, then plan something, till then keep an eye
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.
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Ajay.
keep learning and keep earning.
VSSLVSSL:- Stock has formed cup and handle pattern, plan something only after breakout till then keep an eye on the stock
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.
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Ajay.
keep learning and keep earning.
CGPOWERCGPOWER:- If it sustains after giving a breakout, then a good movement to the upside can be seen, till then keep an eye on the stock.
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.
BALMLAWRIEBALMLAWRIE:- Stock has given breakout of trendline, and has given breakout almost after 2 years, keep your eye on the stock
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.
TPL PLASTECH LTD. Looking hot all parameters to go longHello Friends,
Here we had shared possible Elliott wave counts on chart of TPL Plastech ltd. which is showing currently we are in impulse wave, we have completed wave (1) and wave (2) of some degree, & now possibly we are unfolding wave (3), in which we had completed wave 1 and 2 and possibly now we are unfolding wave 3 and again in which we had completed wave (i) and wave (ii) and now we are unfolding wave (iii) of wave 3 of wave (3).
Overall, chart pattern is also supporting bullish bias, cup n handle chart pattern yet to breakout, and lots of other parameters supporting same bias are shared below as a snapshots.
My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Thanks
Cup n Handle chart pattern
Overall, Elliott wave structure
Trendline breakout along with good intensity of volume
Price challenging upper Bollinger band.
Price trading above 50DEMA, 100DEMA and 200DEMA
MACD positive in daily time frame
MACD positive in weekly
RSI in daily
RSI double breakout in weekly
DMI ADX positive strength in daily
DMI ADX positive strength in weekly
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
VRLLOGTwo things are happening in the stock, the first is the rounding bottom pattern and the second one has taken the rejection from the trendline and VRLLOG:- has gone back to the upside, as soon as the breakout is given, you can make some plans.
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.
HAPPSTMNDSHAPPSTMNDS:- The stock has broken its lower high lower low pattern and may have also broken the trendline and also given a breakout of the trendline. Keep an eye on the stock.
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.
GE T&D India LimitedGE T&D India Limited:- Ascending triangle pattern has formed, wait for breakout, till then keep an eye on the stock
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.