USDCAD LONGthis trade was taken for a long as soon as it passed the first break-out zone that was fixed by looking at the support and resistance zones that were set and once the target zone was crossed the force that it went was so fast that it hit the resistance zone in no time but what was predicted that it would cross the resistance zone and shoot out bullish didn't happen so had to take profit
Mistakes to be corrected :
entered in the middle of the trade by missing the trade alerts and set up
Chart-pattern
Caplin point Daily flag and pole B/OA bullish flag and pole b/o has been confirmed on daily chart of NSE:CAPLIPOINT . Here one can create a fresh position in the scrip. Buy@840 SL@800 TGT@880/920/960
The risk to reward ratio is 1:3
Exit the position if the stop loss is triggered on DCB.
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HITECH PIPES LTD. is gearing up for Breakout.Stock is accumulating in Symmetrical Triangular pattern in a daily time frame. After consolidation period of 9 months stock has firmed strong upward move with good volume and more likely to break its resistance. If we see RSI, it's also indicating a big momentum is on the way. We will wait till its trend line is broken, if it does and sustains above the Line that would be a trigger.
BUY- 78.30
target- 88
Stoploss- 74.20
Caution
This is a SmallCap company, that makes it more volatile, So do respect StopLoss. You can add it to your Watch List to understand price further.
What do you think, do let me know in comment section.
Rising Wedge pattern reversal in COFORGE.COFORGE LTD
Key highlights: 💡
✅On 1Day Time Frame Stock Showing Reversal of Rising Wedge Pattern.
✅ It can give movement upto the Reversal final target of below 4100-.
✅There have chances of breakdown of Support level too.
✅ After breakdown of Support level this stock can gives strong downside rally upto below 3505-.
Cup and Handle pattern on BankNifty.
BANKNIFTY
It will be wonderful if this pattern completes the rest by tomorrow. There is some relation to the previous highs and tomorrows resistances and some pivot points.
Though it has a high percentage of possibility to happen.
(This is only my perspective. Do your own analysis and confirm before making any decision.)
DABUR --Bullish --Weekly Chart DABUR -- Weekly --Bullish Chart pattern setup
TECHNICAL OBSERVATIONS .
1. DABUR seen bullish on weekly chart as chart pattern is higher high Currently .
2. Trendline support and channel support seen , Double bottom made on same support level .
3. CCI divergence seen on chart
4 . Trend reversal doji candle form at channel lower level support .
5. One can initiate Buy at channel support level 530-535 for target 550-580-600 POSITIONAL ( 1-3 ) Month stop loss 475 hourly /daily closing basis
HAPPY TRADING !!
** THI IDEA IS FOR EDUCATIONAL PURPOSE .. ** trade at own risk !
HAPPY TRADING. !
HINDALCO-- UPDATE : Rounded Bottom Bullish chart pattern. HINDALCO ---UPDATE : 06/03/2023 -- ROUNDED BOTTOM BULLISH CHART PATTERN --DAILY CHART
1. This is reference to previous idea of HINDALCO -- , we can see rounded bottom cup formation of chart ,
2. correcttion from 480 sub level sub to 400 level downtrend form, and after support formation of 400 level curve seen upside level .
3. 415 form as support , stock seen close around this level which is near by trendline breakout , if breakout candle seen then stock will be at bullish zone . for target 440-480 + as mention in previous idea.
4. Nearest support level 404-408 , resistance 425-440
5. CCI , EMA bullish crossover seen ,
** . arrow indicate rounded bottom formation levels.
THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk !!
HAPPY TRADING !!
HCC - monthly cmp 20Monthly trendline breakout + cup and handle breakout.
Monthly RSI above 60, bullish.
Monthly charts, so it may take time but can give 40-60% returns in 2023
Buying range 17-20
Targets 23-28-32 and if something even better happens, then even 40.
SL - 14 on weekly closing.(around 20-25%)
NIFTY -- BULLISH CHART PATTERN NIFTY -- HOURLY CHART -- BULLISH CHART PATTERN
1. Recent fall of nifty from high level lower channel seen till 15800 level where nifty form double bottom at 15800 level
2. After double bottom formation nifty at trading at upper channel
3. consecutive support taken at lower level of upper channel has seen where trend follow as uptrend higher top and higher bottom seen
4. recent support taken at lower level of upper channel arround 16200 and last 2 trading session nifty seen bullish up by around 300 points at present 16478 close at last trading session
5. next few session upper channel trend followed and nifty can hit target 16600-16800 level .
6. 16200-16400 work as support and 16600-16800 resistance as target as per channel
7. histogram seen bullish in last 2 trading session confirm this trend.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE
HAPPY TRADING. !!
USDCHF pullback is in the offing, focus on SNB’s JordanUSDCHF prints a five-day uptrend to refresh the yearly high at around 0.9460. The pair’s latest upswing took place from the 21-DMA and monthly support line. However, the overbought RSI and April 2021 peak near 0.9475 challenge the pair buyers ahead of a speech from the Swiss National Bank (SNB) Chairman Thomas Jordan. Even if the quote rises past 0.9475, an upward sloping trend line from late September, around 0.9485, will act like a tough nut to crack for the bulls. Also acting as an upward barrier is the 0.9500 psychological magnet.
Alternatively, pullback moves may initially aim for the 0.9400 threshold before testing the short-term support line surrounding 0.9350. Even if the USDCHF bears manage to conquer the nearby trend line support, the 21-DMA level of 0.9326 and the 0.9300 round figure could entertain them. It’s worth noting, however, that the latest swing low, marked on March 31 around 0.9195, becomes important support to watch during the pair’s declines past-0.9300.
Overall, the USDCHF upside is likely to fade soon and hence today’s speech from SNB Chief Jordan will be important to watch.
HDFC double top Today HDFC close below it's neckline so there is a good position for a sell side double top pattern formed and breakout given today of neckline
THIS IS JUST FOR EDUCATION PURPOSES!!
any thoughts comment below