Buysignal
DMART ALART PRICE DROPI know it looks complicated but the viewers need to understand. I will try to explain at my best
(A) is showing bearish bump and run trend reversal pattern
(B) is showing bullish price channel continuation
(C) is showing bullish inverted head and shoulder trend reversal pattern
(D) is showing target price (Target 1)
As I went through ideas a lot are talking about head and shoulder and it shows uptrend will start now but
If you observe (A) it's creating a bearish bump and run trend reversal pattern in which the thick line shows the possibility up to which rates can go and the rectangle shows the supports
If you observe (B) it's showing bullish price channel continuation according to which the price has to move in bullish if it crosses the upper price channel line and the target is up to rectangle (D)
If you observe (C) it's showing a bullish inverted head and shoulder trend reversal pattern which is created inside price channel pattern but both price channel, head and shoulder are showing the same target area of (D)
Now what I'm saying is on 14/05/2020 earnings are expected to release, and the strong (A) bump and run is pulling down the rates. If it happens so then the head and shoulder will not work and the price will fall taking support at (A) rectangles and it will bounce back. when it crosses the price channel (B) upper band you can buy expecting the target price of (D)
So don't go with head and shoulder wait for the price to cross price channel upper band then with confirmation and bit of your studies buy
Any doubts or suggestion ping me
Apollo Tyres Breakout After multiple fake breakouts post crossing resistance levels, Apollo Tyres forming a cup and handle for a bullish rally.
This is further supported with latest Quarterly results as Apollo Tyres Reports Robust Recovery in the earnings of March Quarter 270.5% year-on-year increase in consolidated net profit at Rs289 crore for the March quarter.
Alphageo (India) Simple Short Term analysis🎯🎯✔simple price action used in this stock
✔644 days of consolidation
✔postive result publishing company
🚩note that guys this stock was in asm list🚩
🚩little/high risky guys so don't go with a blind buy.🚩
About the company
Alphageo (India) is engaged in providing Geophysical Seismic Data Acquisition, Processing and Interpretation Services for exploration of hydrocarbons and minerals.
like💢comment💢support
Buy with a Risk to reward of 1:3 Wait for a bullish candlestick Buy when a bullish candlestick formed.
TATA COFFEE "Breakout from range"Technicals:-
Tata Coffee has given a Breakout from a very tight range,
and it is also supported by volumes.
Fundamentals :-
Stock P/E stands at- 17
Cash flow in the company is good
After the corona crash the company has made a good recovery.
Q3 PAT is 32 VS 25 So we see the recovery.
LTI-GOOD BUYING ZONE3600 levels are a good buying zone. Start accumulating in small quantities. Maintain strict stop loss.
ITC Buy/Sell opportunityAfter rejecting the support of 200 thrice, ITC is ready for a breakout above 200 after completing the triangular trade zone. ITC has been a very slow moving stock and hence the targets are as per the Buy/Sell marks.
You can always do back testings on Day/Week/5min charts as per your experience and track the Bank results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
Cipla buy for swingCIPLA
MULTITIME FRAME ANALYSIS
1:- Price is at Daily Support.
2:- Price is following Downtrend line in 1 hour time frame (Counter Trend).
3:- After the breakout of counter trendline, Price will also break 50 EMA dynamic SNR.
ENTRY:- 890Rs - 900Rs
1st TARGET:- 940Rs
2nd TARGET:- 970Rs
3rd TARGET:- 1000Rs
STOPLOSS:- 840Rs
NOTE:- Close 50% trade at 1st target
Remaining 25% trade Close at 2nd target
and finally close all remaining trades at 3rd target.