Candlestick Analysis

srikartiram

NCLIND | Channel breakout and retest - Potential for 20% CMP : 250 SL : 236 Target : 300 1:3+ risk reward setup

srikartiram

JKTYRE | Another opportunity to accumulate - Potentially 20% CMP : 158 (Dip : 155) SL : 145 Target : 180 1:3+ risk reward setup

srikartiram

DEEPAKFERT | Triangle breakout - Potential for 15% CMP : 442 (Dip : 430) SL : 420 Target : 505 1:4+ risk reward setup

Wolf-AD7

IDFC First Bank has been in a long period of consolidation that has formed a triangle. Over the past few weeks, such consolidation period can be seen to round off into two smaller bottoms, forming higher lows. 200 EMA support is pushing the stock into a triangle breakout now, which looks good to achieve the charted targets over the next few weeks.

praveenkumar891995

Clear Rejection from higher levels and seems bears have taken control of Eicher motors Script, it can be shorted upto next demand zone of 2760

seekedgetrade

The USDINR currency pair charts weekly charts showing an inverted hammer formation at previous resistance zone close by trendline channel top shows the presence of bears and could be potential reversal signal that could possibly mean it is less likely for the currency pair to move to 76 levels and beyond. The dollar index may be facing resistance before 94.7. ...

srikartiram

SHAKTIPUMP | RSI + Trendline breakout | Looks potential for 30% CMP : 800 (Dip : 750) SL : 730 Target : 1050 1:4 risk reward setup Target calculated based on Fib and Triangle size Not necessary to exit with the stoploss at 730, it has very good support till 650. This stoploss is only applicable for momentum trade who is taking breakout trades as per this pattern.

srikartiram

GREENPLY | Looks good in daily time frame too - 15% RSI Breakout Trendline Breakout Channel Breakout CMP : 195 (Dip : 190) SL : 180 Target : 220 1:3+ risk reward setup

srikartiram

GREENPLY | Clean breakout and retest on new demand zone - Looks potential for 50-60% CMP : 195 (Dip : 180) SL : 160 Target : 290 1:5+ risk reward setup

HARMONICSANAND

gujgas cmp 635.20 trade set up : buy above 640 keep stop loss as 584 targets : 660/686/699/730/759/783++ technical setup: 1.bullish harmonics pattern 2.trend line 3.triangle 3.bullish engulfing candle 4.volume increase at breakouts

srikartiram

LTTS | Trendline breakout and retest - Potential for 10% CMP : 4817 SL : 4730 Target : 5310 1:3+ risk reward setup (Calculated target based on Fib)

srikartiram

DAAWAT (aka) LTFOOD | Trendline breakout - Looks potential for 16% CMP : 71 SL : 67 Target : 82, 90 Almost 1:4 risk reward setup

srikartiram

ASHOKA | Triangle breakout ahead - Potential for 60% CMP : 116 (Dip : 105) SL : 95 Target : 190 1:4 risk reward setup

srikartiram

BSE | Triangle and Cup & Handle breakout - Potential for 20-25% CMP : 1338 (Dip : 1300) SL : 1200 Target : 1600, 1700 Almost 1:4 risk reward setup

HARMONICSANAND

hathway : cmp 26.25 trade set up : buy up to 24 keep stop loss as 18.10 on closing basis targets : 36/42/49/ 56/62/76+ technical buy based on : 1. symmetrical triangle 2. parallel channel 3. trend line support 4. volume 5. bullish engulfing candle 6. valuation in the sector .

srikartiram

JINDALSAW | Wedge breakout and retest - Potential for 23% CMP : 118 SL : 110 Target : 145 1:4 risk reward setup

headymuk

IGL is clearly seen respecting its support line in the past. This can be a good risk reward ratio entry, wait for formation of any bullish candlestick pattern on support line like morning star, bullish harami, bullish engulfing , hammer etc. After completion of pattern long trade can be taken here. Note : If support trend line breaks downside, avoid taking trade...

Palkesh_Agrawal

risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...