Lets keep track of this beauty too :)
Suggested by @monkmaxims The stock had been in a down trend since forever (7yrs on monthly chart). Since 2020 crash, the stock was in low volume accumulation in a parallel channel. Suddenly, the accumulation volumes began to shoot up in November while the price continued to trade in the channel. Finally, this week it has broken out and how! Highest weekly volume...
Traders, Lupin has already given breakout from horizontal channel pattern with very high volume and now it has formed pennant pattern . It has also given breakout from pennant pattern and now it is retesting it resistance line. Keep a tight watch at this stock. This analysis was only for educational purpose , feel free to give your feedback/queries.
Let Bandhan Bank Break Channel.
Coforge Weekly Breakout Retest and continuation.
The stock has been trading in a channel for 6 months. Big accumulation volume bars could be seen throughout the channel. Finally gave a breakout on huge volume. The price has now come back to retest the breakout area. It may take support at the 20VWMA (Green line) and bounce back once the earnings are announced in a couple of days. RSI is above 50, Relative...
#HDFCBANK The last few weeks, HDFC bank has been trading inside the channel and within the channel, we can clearly see that it formed a double bottom pattern. It has broken the channel and even re-tested the neckline of the double bottom and is now super bullish. The buyers will be dominating the next few days. Educational purpose only - Trade at your own...
Sustained in the channel whole day then given break up upside
Up on earnings. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better....
Good descending channel breakout in banknifty also it is in good uptrend
BEML | Wedge breakout + Consolidation for next breakout - 23% CMP : 1220 (Dip : 1160) SL : 1110 Target : 1420, 1500
JSWENERGY | Big channel / falling wedge breakout in weekly pattern. Any retracement to 70 level is a buying opportunity. Having excellent room almost 60% upside. CMP : 78 (Dip upto 70) SL : 60 Target : 95, 122
T1: 3700; T2:4400. observe BTC, its growth has been stagnant since past few weeks and Air is shifting in other direction.
There is the formation of an inverted head and shoulder pattern formation and channel Breakout in the chart of Bharat Forge also 50MA may cross 200MA soon and show GOLDEN_CROSSOVER but need to wait long and analyze the chart from time to time Not any financial advice just learning more and letting others learn if any suggestion pls comment blow thanks
Pharma sector is projected to do well in this month. We can expect a good breakout in this scrip. Watch out at breakout levels. Likely to shoot up quickly.
The entire sugar sector is on an upmove. Other sugar stocks are also breaking out. This has tested the resistance once, but sellers couldn't push the price down by much, which means absorption is happening near breakout. SL: Below Breakout Candle. Tgt: Break of Hourly 20MA on the down side.