DIVISLAB - CHANNEL CONSOLIDATION -WILL IT BREAKOUT OR NOTDivi's Laboratories Ltd. is an interesting chart with following
1. RSI on all time frames (i.e. D/W/M) above 60
2. Narrowing Bollinger Bands on daily chart with price walking on upper band
3. Two month's long consolidation of price in rectangular range of 5675 to 6300 levels and once price breaks out of this range, momentum will increase
4. ABCD pattern under formation on weekly chart
5. Major price supports at 5930 i.e. 20 Day SMA and 5750 i.e. 50 EMA respectively
Breakout of 6300 + levels on closing basis can fetch 6700 + and 6980 levels as per Fibonacci projection tool
Lets see How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Centered Oscillators
Mphasis still look good in heavy bearish market (Long term)“Hello everyone, Mphasis stock look good Despite the heavy market fall, it is performing well.
After a cup n handle break has occurred.
The volume is also great in this stock, and the relative strength is above 60.
It seems like the stock can maintain long-term momentum.”
Above all, given information is only for educational purpose, Before trade do your own analysis.
BALMLAWRIE BREAKOUT (6 year range breakout)Balmer Lawrie & Company Ltd is extremely bullish with rising volume as visible form the chart .
The financials of the company are pretty solid as well :
1. Rising PE
2. Increasing sales
3. increasing net profit
4. rising EPS
Along with all this the company also gives pretty solid dividend as well.
It is the stock to watch out for🚀🚀.
Confidence Petroleum : Momentum Stock#confipet #breakoutstock #momentumtrade #swingtrade #stockmarket
Confipet : 1-3 Month Trade
>> Institutional Buying Visible
>> Momentum Stock / Trending Stock
>> Good Strength & Heavy Volumes in Stock
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
CONSOLIDATION BREAKOUT IN LTIMBuy LTIM (D) 5240, for 5700 and 6100. Add on dips till 5000 with stop at 4950 on weekly close. Stock ready to give breakout above 38.2% fibonacci levels and then will reach 50% and 62% eventually. Consolidation happening for last 12 months which shall give minimum 15% returns.
Both leading and lagging indicator MACD and EMA is indicating bullish momentum in LTIM
vst tillers : breakout trading candidateVST Tillers Tractors Ltd. is a leading manufacturer of power tillers and tractors in India. Here are seven points on its financial performance:
Consistent Revenue Growth: VST Tillers has demonstrated consistent revenue growth over the years, driven by its strong market presence and a diversified product portfolio.
Increasing Profitability: The company has achieved a steady improvement in profitability, with a focus on operational efficiency, cost control measures, and optimized production processes.
Robust Return on Equity (ROE): VST Tillers has maintained a healthy ROE, indicating efficient utilization of shareholders' funds and generating favorable returns for investors.
Strong Financial Position: The company has a strong financial position, reflected in its healthy liquidity ratios, low debt levels, and adequate cash reserves.
Growing Market Share: VST Tillers has been successful in expanding its market share in the power tiller and tractor segments, capturing a larger customer base and increasing its market presence.
Export Performance: The company has made significant strides in its export business, with a focus on diversifying its revenue streams and tapping into international markets, contributing to its overall financial performance.
Dividend Payments: VST Tillers has a track record of consistent dividend payments to its shareholders, demonstrating its commitment to sharing profits and providing returns to investors.
Please note that the financial performance of a company can be subject to market conditions, industry trends, and other external factors, and it is always recommended to refer to the latest financial reports and statements for a comprehensive understanding.
Indiabulls Real Estate strong Breakout Indiabulls Real Estate Ltd (INRL) strong Breakout with high volume with price increase in daily chart.good momentum formed. Time to accumulate INRL. If it crosses yesterday high go for long. Next target 87. Thank you.
Rsi crossover A slightly altered version of RSI with 3 RSI together
Near rsi
Intermediate rsi
Far rsi
I usually use 10,21 and 3rd rsi as a optional one
When Rsi 10 crosses above Rsi 21 , its buy ( you can use any values but the concept is same) and vice versa
One more major thing which I observed is that the RSI crossover coincides with Trendline breakout most of the times.Sometimes Rsi crossover occurs but there won't be a Trendline breakout, or vice-versa indicates a false signal. You need to sample some trades to understand this behaviour.
You can also draw trendlines over rsi similar to stocks and observe breakouts in rsi .
Cardwell ranges briefly, bullish stocks usually take support at 40 and strongly bullish takes support at 60. Resistance usually 80-85 rsi values
Bearish resistance at 60, strongly bearish at 40 , usually takes support at 20.
Stocks oscillating between rsi 60-40 resistance & support usually in sideways market.
Disclaimer: no indicator works 100%. You have to observe it , backtest and tweek based on your requirements
Update: Added a new fill between rsi 1 & rsi 3