The stock is forming a rising wedge pattern on the daily chart. This time at the lowest edge of the wedge. If bounces back from these levels, a bullish run may be seen. Currently at 1475 around. One should exit if sustains below 1460 ( below the wedge formation). This illustration is only my point of view, for learning and sharing purposes, not a bit of trading...
As you see on the charts, if the stock crosses 550 levels and sustains above, it can be considered as the breakout of the Cup & handle pattern. Also, the rising parallel channel will be giving scope for a further upside move. If does not cross 550 and not sustaining above, then this setup fails. This is only one view according to the chart patterns, there may be...
The stock has taken a support again on the trendline shown on the charts. and given a reversal. If momentum begins on the upside, this can be a good positional trade with a good risk reward. All levels are mentioned on the charts. This illustration is only my view, not a piece of trading advice in any form. This is only for learning and sharing purposes. All the best.
It is clear from the chart that the stock price is traveling in a prominent channel, respecting support and resistance on both sides. If the momentum continues, may go to 500. Considering risk-reward is the first thing in any setup. one should exit below 440/430 depending on the position size and risk management. This is only for learning and sharing purposes,...
stock : sudarshan chemical ltd trade : long (cash segment) buy @ 626 sl @ 610 target @ 678 note : this information is only for education
For the last 3 months, the stock has been trading in a range that is forming a downward parallel channel. This moment, just close to the upper side of the formation. If breaks the upper level and sustains, this could be a breakout of a parallel channel. Targets may be 3245/3440 or even more. The setup is with a good risk-reward ratio. The entry point should be...
Monthly triangle breakout!!! Enter early to have small SL Even if SL is hit try to re-enter after another breakout Entry: CMP SL: 130 Target: 1:2 and Trail SL to get bigger targets.
feb 27 2/2024 swing trade perfect symmetrical triangle long term opportunity according to own risk this is not call just a analysis.
The stock has been going down in recent sessions. Now indicating a possible reversal by forming a double bottom and increased volumes. The most important factor in this setup is the exit, if does not go in the desired direction. One should strictly follow the predetermined risk. If goes well, then the risk-reward ratio is quite good according to the projected...
The stock is trading at lower prices if you see last month's movements. In the last few days, it formed a double bottom and again came down to lower levels. If reverses from these levels, a bull run may come. The risk-reward ratio is good at this point. 1. If we enter at 940 while considering the stop-loss at 860 - the loss will be 60 points. 2. If prices go in...
The stock has been traveling in a wedge formation for the last two months. This time it is at the bottom. Can take a chance if bounces from here. The setup fails if sustains below the lower trendline of the wedge for 2 days. This is only for learning and sharing purposes. Not a piece of trading advice in any form. All the best.
The stock has formed a good support base at 210 since July 23. In recent sessions, there seems a support of 220. There is a gap formed at the above side at around 236. If maintain the support of 220 in the coming sessions, may go to test the gap at 236, and the further target comes around 245. If sustaining below 220, there should be an exit. This is my...
It is clear from the chart that the price is near the breakout level of the rectangular channel. My setup is to see it bearish. But have to exit if sustains above 540. The risk reward is also good in this setup. Targets are mentioned on the chart. ( If works) The setup is valid only if it sustains below 540. It is only for learning and understanding purposes, not...
As it is clear from the charts, the price is coming to the lower level of the channel. if bounces from these levels, may go bullish, Expected target may be 520 or even 580. The setup fails if doesn't sustain above 497 on a closing basis. This is only for learning and sharing purposes, not trading advice in any form. All the best.
The concept of the setup is clearly shown on the charts. The third time, the price is around 3540. If bounces back this time too, may go to 3690, 3800, or even more. It is a low-risk setup because if the price sustains below 3520 for a couple of days, the setup fails. one should exit below 3520 or according to the one's risk management. The above illustration and...
It can be marked that the stock has bounced back from 2290 twice. If crosses 2360 with momentum, can go to 2400 or 2460. MACD is showing a likely crossover. Sustaining below 2310 will show the weakness on the charts. Also, according to the setup (if works), the risk-reward ratio is good. Exit any trade, if it violates your risk management. Only for learning and...
Bullish On-Neck Chart Pattern Breakout happened on the Daily Time frame of NSE:BSE Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on Daily closing...
The chart shows that the stock has bounced back from 210, a support level for the last few months. Also, a retest area for the previous breakout makes it more significant ( if sustains above 210 ). If sustains above 205-210, may go to 235/252/267 in a short time period. If sustains below 205, will weaken the strength. Only for learning and sharing purposes, not a...