Morning star candlestickentry above the given price
gives good risk/reward opportunity
stoploss must be strict
Candlestick Analysis
ATH_TATAMOTORS
Currently Tata motors is trading at Rs.1118.30
Pros:-Stock Gave Breakout After March 2024 Highs.
* Build-up with Breakout in uptrend Which is Supporting 20 EMA.
* Bullish candle close in weekly Timeframe.
* Index is in Uptrend.
Happy Trading!!Only for Educational purpose.
YUKEN - Multiyear Breakout CandidateDetails on the chart
Disclaimer - Chart posted only for learning purpose. Please do your own analysis before initiating any trade.
Shilchar Tech Potential BOHave observed a notable upward movement in Shilchar Tech, consistent with previous breakout patterns. The stock has demonstrated strong momentum and resilience, aligning with historical breakout behavior. Investors and traders should keep a close watch on this stock, as a breakout above 6800 could signal significant upward potential.
PROTEAN - Bullish Flag, Morning Star, Fibonacci Retracement 38.2In the chart of "PROTEAN," a Bullish Flag pattern has emerged, suggesting a potential continuation of its upward trend. The pattern is characterized by a sharp upward move (pole) followed by a consolidation period (flag), forming a rectangular shape on the chart.
The entry point for this pattern is identified above 1466, indicating a breakout from the consolidation phase. A stop-loss is set below 1410 to manage risk in case of a reversal.
The target for this trade is set at 2000, aligning with the typical measure rule applied to Bullish Flag patterns, which measures the length of the initial pole added to the breakout point.
Further reinforcing the bullish outlook, additional technical signals have been observed:
A cluster of patterns, including a morning star candle formation on the hourly timeframe, signaling potential reversal or continuation of the uptrend.
The prior pole trend exhibited a 45-degree angle, indicating strong momentum and trend direction.
Fibonacci retracement level of 38.2% also supports the bullish bias, suggesting a healthy pullback within the context of an uptrend.
Combining these bullish indicators—chart pattern, candlestick formation, trend angle, and Fibonacci retracement—provides a comprehensive technical analysis supporting a favorable risk-reward setup for trading "PROTEAN."
And the FALL continues..!As we can see BANKNIFTY had fallen for two days straight since the break of our given structure. Now there can’t be seen any eminent strong demand zone wherein BANKNIFTY can take support hence we can again expect BANKNIFTY to remain sideways to negative for coming trading sesssions so plan your trades accordingly.
ASALCBR - 1.5 Months Downtrend / Consolidation Breakout - ATHAssociated Alcohols & Breweries Ltd
1) Time Frame - Daily.
2) The Stock has been in a downtrend / consolidation since (June, 2024) after breaking it's previous life time time of (653.65) . Now It has given a downtrend / consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock may find it's next resistance around the price (920 - 20% from the price 762.25).
4) Recommendation - Strong Buy.
Has the breakdown confirmed..?As we can see BUDGET didn’t impacted the market as expected and broke below and managed to close below the structure. Hence we may expect bearish to sideways market unless it gets back in the structure so plan your trades accordingly.
USL_ATHCurrently USL trading @20 EMA Support.
Pros:- ATH closing.
* Bullish 📌 Bar at 20 EMA in uptrend.
* Defensive stocks giving Bullish momentum in post Budget.
Happy Trading!! only for educational Purpose.
Budget Day stocks_TitanHello Traders,
Good News for Gold Outlets in India, Currently Titan is trading @ Rs.3466/- on Budget day.
Pros:- NDA government has Reduced Import Tax Duty on Gold for Gold buyers.
* Move which has been implemented by government will make huge interest of buying in
gold for retail buyers.
* Seasonal Interest of buying in gold has started in India.
* Titan Stock @ Multi year Support.
* Bullish Candle close @ Support.
* Stoploss below Recent market structure.
* 3.5 % to 5 % is 1st target to option buyers.
* Also buy Kalyan Jewellers India Pvt Ltd.
Happy trading!!Only for educational purpose.
Finnifty weekly expiry and Budget day intraday levels (23/07/24)Tomorrow it the budget day and the markets today closed in a neutral scenario, forming doji on the daily charts.
Option premiums are inflated and the VIX closed gaining 4%.
On 15 minutes time frame, the market has given a lower low formation and retraced back to 61.8% fib levels.
If the market starts trading below 23500, good crack down can be seen upto 23410 and can travel to hit lower support zone around 23320.
In case of a break out of today's high (23720), bulish trade can be entered with a strict stop loss and target of 23840.
Major support zone :- 23590, 23410, 23320
Resistance levels :- 23720, 23840
Wait for the price action and a good momentum for buying the options, as there will be a good time decay in the premiums.
KOKUYOCMLN - Weekly AnalysisIn the Weekly Chart of KOKUYOCMLN ,
we can see that, it is eagerly waiting for Inverted Head & Shoulder breakout.
Also, it has created a Decision candle near resistance.
Enter on breaking its HIGH with LOW as SL.
MUTHOOTCAP - Weekly AnalysisIn the Weekly Chart of MUTHOOTCAP ,
we can see that, it has created a Decision candle near resistance.
Enter on breaking its HIGH with LOW as SL.
Also, 320 level has been rejected multiple times
JAYAGROGN - Weekly AnalysisIn the Weekly Chart of JAYAGROGN ,
we can see that; it has created a Decision candle on Support zone.
Enter on breaking its HIGH with LOW as SL.
Possible momentums are shown in chart.
NIPPOBATRY - Weekly AnalysisIn the Weekly Chart of NIPPOBATRY ,
we can see that, it is coming down to retest the Trendline.
Let it retest the trendline and create a Bullish Pinbar or Doji candle or W shape recovery so that we can have an entry with SL and Target.
SHILPAMED - Weekly AnalysisIn the Weekly Chart of SHILPAMED ,
we can see that, it has given a very Large Parallel channel breakout.
Let it retest the channel and create a Bullish Pinbar or Doji candle or W shape recovery so that we can have an entry with SL and Target.
GREENPANEL - Weekly AnalysisIn the Weekly Chart of GREENPANEL ,
we can see that; it is inside a Triangle.
Also its has created a inside candle.
Enter on breaking its high with low as SL.
Possible momentums are shown in chart.
DEEPAKSP - Weekly AnalysisIn the Weekly Chart of DEEPAKSP ,
we can see that; it is inside a Flag and on support Trendline.
Also, it has created a Decision making or Halt Candle.
Enter on breaking its high with low as SL.
Possible momentums are shown in chart.
SHK - Weekly AnalysisIn the Weekly Chart of SHK ,
we can see that; it is at holding itself on support and it is at decision making point.
Enter on breaking its High with Low as SL and Go Long.
Possible momentums are shown in chart.
BANSALWIRE - Weekly AnalysisIn the Weekly Chart of BANSALWIRE ,
we can see that; it has created a Inside candle.
Take a small trade by entering at 360 with SL as 345 and Go Long.
ONMOBILE - Weekly AnalysisIn the Weekly Chart of ONMOBILE ,
we can see that; it is emerging strongly from bottom.
Let it retest or create a halt candle then we can enter with SL and Go Long.
Expected momentum is shown in chart.
RAMAPHO - Weekly AnalysisIn the Weekly Chart of RAMAPHO ,
we can see that, it has been rejected multiple times at Trendline.
Also 195 level is rejected multiple times.
Enter on breaking its High with low as SL.
Expected move is shown in chart.
