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Chart Patterns

Darvas Box in RelianceSimple method like Darvas box can also give good idea of trend. Darvas box are trading ranges in which stock prices moves. Applying strict rule in this method would lead to analysis paralysis. It looks obvious once we mark boxes around ranges. There will be some whipsaws at the edges of these boxes. Current level of Reliance seems to be at the bottom of the latest trading range marked by red box. Trading the box range is good method for swing trades if the box range is sufficiently large. I use this for mostly large cap stocks which are not very volatile. Hope this will encourage people to start making boxes on their favorite large cap stocks.
NSE:RELIANCEEducation
by yndesai
4
Shivalik Rasayan is on breakout & ready for Multibagger ReturnsHello Everyone i hope you all will be doing good, today i have brought a stock which has given breakout of flag pattern, and now it is ready to fly in blue sky stock name is Shivalik Rasayan and it is established in 1981, is a manufacturer of organophosphorous based insecticides and chemicals. At present company is debt free company managing its affair from internal accrual. The company has a long established reputation as a reliable and accepted supplier of quality products around the globe that endorses their commitment towards quality. SRL’s manufacturing facilities are based in Dehradun, Uttaranchal on 21 acres land. The installed capacity of the facility is more than 1000 Metric Tons per year. The company uses the latest technology available in Agro Chemical along with the ultra modern techniques to control pollution for eco friendly environment. Stock is good with consistent earning growth and it is giving best entry for long term investing, i will suggest everyone to do SIP in this multibagger gem. It is never gonna to disappoint you in long term. Follow all the levels which i have mention on the chart. Fundamental Analysis Market Cap ₹ 1,263 Cr. Current Price ₹ 812 High / Low ₹ 827 / 493 Stock P/E 90.0 Book Value ₹ 326 Dividend Yield 0.06 % ROCE 6.08 % ROE 2.74 % Face Value ₹ 5.00 Industry PE 33.3 Debt ₹ 96.7 Cr. EPS ₹ 9.02 Promoter holding 48.0 % Intrinsic Value ₹ 222 Pledged percentage 0.00 % EVEBITDA 30.6 Change in Prom Hold 0.00 % Profit Var 5Yrs -1.35 % Sales growth 5Years 9.86 % Return over 5years 30.3 % Debt to equity 0.19 Net profit ₹ 17.2 Cr. ROE 5Yr 6.49 % Profit growth -0.57 % Earnings yield 2.19 % PEG Ratio -66.7 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Editors' picks
BSE:SHIVALIKLong
by TraderRahulPal
2
BTC/USD: Path to $100K Unfolding!BTC/USD Multi-Timeframe Analysis - 15-Minute Chart (Intraday Perspective): - The 15-minute chart displays a series of Breaks of Structure (BOS) and Change of Character (CHoCH), indicating frequent shifts in market momentum. - Recent price action has shown a bullish CHoCH, signaling potential short-term upside momentum. The higher lows forming suggest a continuation of the upward movement. - Key Levels: - Immediate support: $97,900 - Resistance zone: $98,500 - $98,700 - Conclusion: Short-term momentum remains bullish, but price needs to decisively break above $98,700 to sustain the rally. - 1-Hour Chart (Mid-Term Analysis): - The 1-hour timeframe reveals a transition from a downtrend to a potential bullish reversal, confirmed by a CHoCH and a BOS above $95,000. - Current price action has established $95,000 as a significant demand zone. The recent upward movement suggests strong buyer interest above this level. - Key Levels: - Support: $95,000 - Resistance: $98,900 - $99,200 - Conclusion: A sustained move above $98,900 could open the door for further gains toward $99,800. However, a break below $97,500 may lead to a retest of $96,000. 4-Hour Chart (Macro Perspective): - On the higher timeframe, BTC/USD continues to exhibit a macro bullish structure, with multiple BOS signaling sustained upward momentum. - The bullish push above $98,000 reflects strong market sentiment, with $96,000 acting as the primary support level. - Key Levels: - Major support: $96,000 - Target resistance: $99,800 - $100,000 - Conclusion: A break above $99,800 would likely test the psychological resistance of $100,000, while a pullback to $96,000 or $94,800 could present attractive buying opportunities. Overall Outlook - BTC/USD is displaying bullish momentum across all timeframes, supported by structural shifts (CHoCH and BOS). - Trade Plan: - Consider long positions on pullbacks to $97,500 or $96,000, with targets at $99,800 and $100,000. - Maintain a stop-loss below $95,000 to manage risk effectively. * This analysis highlights the alignment of bullish momentum on both intraday and higher timeframes, providing a strong case for further upside.
Long
by EliteTradersChoudharyJI
2
Nifty Trading Strategy for 5th December 2024Trading Strategy for Nifty: Buy Strategy: Entry Point: Enter a long position (buy) above the high of the candle that closes above 24585 on a 15-minute timeframe. This means if a 15-minute candle closes above 24585, you will buy once the price exceeds the high of that candle. Stop Loss: Set a stop loss slightly below the low of the breakout candle to manage risk. For instance, if the breakout candle has a low of 24550, you might set your stop loss at 24540 to protect your capital. Target: Determine your target based on historical resistance levels or a specific risk-reward ratio. For example, if you're risking 45 points (24585 to 24540), aim for a reward of at least 90 points (e.g., a target of 24675). Sell Strategy: Entry Point: Enter a short position (sell) below the low of the candle that closes below 24332 on a 15-minute timeframe. This means if a 15-minute candle closes below 24332, you will sell once the price drops below the low of that candle. Stop Loss: Set a stop loss slightly above the high of the breakdown candle. For example, if the breakdown candle has a high of 24370, you might set your stop loss at 24380 to mitigate risk. Target: Determine your target based on historical support levels or a specific risk-reward ratio. For example, if you're risking 38 points (24332 to 24370), aim for a reward of at least 76 points (e.g., a target of 24256). Risk Management: Use Stop Losses: Always use stop losses to protect your capital and limit potential losses. Position Sizing: Never risk more than a small percentage (e.g., 1-2%) of your trading capital on a single trade. Regular Review: Continuously monitor the market and adjust your strategy based on evolving conditions and new information. Market Context: Economic Indicators: Pay attention to key economic indicators such as GDP figures, inflation data, and interest rate announcements that can impact Nifty. Geopolitical Events: Be aware of geopolitical events and developments that can cause significant market volatility. Disclaimer: Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results. Note: The author is not SEBI registered. Trade wisely and stay informed! 📈💼
NSE:NIFTY
by ramkkyy
Dow Futures Trading Strategy 05th December 2024Trading Strategy for Dow Futures: Buy Strategy: Entry Point: Enter a long position (buy) above the high of the candle that closes above 45230 on a one-hour timeframe. This means if a one-hour candle closes above 45230, you will buy once the price exceeds the high of that candle. Stop Loss: Set a stop loss slightly below the low of the breakout candle to manage risk. For instance, if the breakout candle has a low of 45100, you might set your stop loss at 45090 to protect your capital. Target: Determine your target based on historical resistance levels or a risk-reward ratio. For example, if you're risking 140 points (45230 to 45090), aim for a reward of at least 280 points (e.g., a target of 45510). Sell Strategy: Entry Point: Enter a short position (sell) below the low of the candle that closes below 44870 on a one-hour timeframe. This means if a one-hour candle closes below 44870, you will sell once the price drops below the low of that candle. Stop Loss: Set a stop loss slightly above the high of the breakdown candle. For example, if the breakdown candle has a high of 45000, you might set your stop loss at 45010 to mitigate risk. Target: Determine your target based on historical support levels or a risk-reward ratio. For example, if you're risking 140 points (44870 to 45010), aim for a reward of at least 280 points (e.g., a target of 44600). Risk Management: Use Stop Losses: Always use stop losses to protect your capital and limit potential losses. Position Sizing: Never risk more than a small percentage (e.g., 1-2%) of your trading capital on a single trade. Regular Review: Continuously monitor the market and adjust your strategy based on evolving conditions and new information. Market Context: Economic Indicators: Pay attention to key economic indicators such as employment data, GDP figures, and interest rate announcements that can impact Dow futures. Geopolitical Events: Be aware of geopolitical events and developments that can cause significant market volatility. Disclaimer: Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author and do not necessarily reflect the views of Microsoft. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results.
BLACKBULL:DJ30.F
by ramkkyy
Gold Trading Strategy for 5th December 2024Gold has been consolidating within a narrow range of 2605 to 2670 over the past five days. This suggests that the market is in a period of indecision, with neither buyers nor sellers able to push the price decisively in one direction. Typically, such consolidation periods are followed by significant moves once the price breaks out of the established range. Trading Strategy: Buy Strategy: Entry Point: Initiate a long position (buy) when the price closes above 2670 on a 15-minute candle. This indicates a potential breakout to the upside. Stop Loss: Set a stop loss slightly below the breakout point to manage risk. For instance, a stop loss could be placed at 2655, just below the recent consolidation range. Target: Identify target levels based on historical resistance levels or use a risk-reward ratio of at least 2:1. For example, if the stop loss is 15 points away (2655), then the target could be 30 points above the entry (2700). Sell Strategy: Entry Point: Initiate a short position (sell) when the price closes below 2630 on a 15-minute candle. This indicates a potential breakdown to the downside. Stop Loss: Set a stop loss slightly above the breakdown point. For example, a stop loss could be placed at 2645. Target: Similar to the buy strategy, set target levels based on historical support levels or use a risk-reward ratio of at least 2:1. If the stop loss is 15 points away (2645), then the target could be 30 points below the entry (2600). Risk Management: Always use stop losses to protect your capital. Never risk more than a small percentage of your trading capital on a single trade. Consider the overall market context and any upcoming economic events that could impact gold prices. Market Context: Keep an eye on factors influencing gold prices such as interest rates, inflation data, and geopolitical events. These can cause significant volatility and may impact your trading strategy. Disclaimer: Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results. Trade wisely and stay informed! 📈💡
OANDA:XAUUSD
by ramkkyy
Mazagon Dock Shipbuilders Ltd. - Breakout OpportunityDate : 5-Dec-2024 LTP : Rs. 4,880.70 Targets: (T1) Rs. 5,545 --> (T2) Rs. 5,860 --> (T3) Rs. 7,100 SL : Rs. 4,245 Technical View: • NSE:MAZDOCK is in primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 5,860 on 5-Jul-2024, it has retraced 34% to 3,851.20 level. • NSE:MAZDOCK has breakout from it's secondary downtrend with higher than average volume on 4-Dec-2024. This breakout is also supported by increased volume in last few sessions. • NSE:MAZDOCK have formed double bottom pattern between 3,851.20 and 4,925 levels. Breaking 4,925 level will also give breakout from double bottom pattern. • Company has fixed 27-Dec-2024 as record date for 2/1 stock split. Target levels can be revised post stock split. • NSE:MAZDOCK is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has crossed over 50 DEMA on 2-Dec-2024. • RSI is in buy zone and trading at 71.93. MACD is bullish and trading at 135.74. • Both RSI and MACD are showing positive divergence. • Looking good to start a new swing from here. Liked the analysis? Boost/Like this idea and follow my ID. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:MAZDOCKLong
by vicky252
2
RTNINDIA: Journey Above Crucial EMAsAfter experiencing a prolonged five-month downtrend, RTNINDIA has successfully breached its downtrend line and closed above this key resistance level, accompanied by a noticeable increase in trading volume. This upward momentum indicates a potential shift in market sentiment toward the stock. In recent trading sessions, RTNINDIA has not only closed above the 20, 50, and 100-day EMAs but is also approaching the 200-day EMA. The significance of closing above the 200-day EMA cannot be overstated, as it is often considered a strong indicator of bullish tendencies in the stock. A sustained position above the 200-day EMA could propel the stock toward its next significant long-term resistance level at 90 . Investors should consider a long-term stop loss set at 65 to manage potential downside risk effectively. This strategy allows for participation in potential upside while safeguarding against unforeseen market fluctuations. Disclaimer: The information presented in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any securities. It is imperative for investors to conduct their own due diligence and research before making any investment choices.
NSE:RTNINDIALong
by NiftyNotions
Triangle breakoutTRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. AC line will act as resistance line. BD line will act as support line. when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP LOSS: If the breakout is upwards then support line will act as stop loss. If the breakout is downwards then resistance will act as stop loss.
NSE:GSFCLong
by manyilakhil
Nifty BankThe chart for Nifty Bank (Weekly) shows the index moving within an ascending channel, with clear support and resistance levels marked by the trendlines. It is showing a potential breakout above the critical resistance zone of 54,000–54,500, marking the upper boundary of its ascending channel. For aggressive traders, enter during the breakout if the price sustains above 54,500. Conservative traders can wait for a retest of 54,000–54,500, with the previous resistance acting as new support. Place your stop-loss below 53,000 or slightly under the retest level for safety. Targets are set at 57,000–58,000. Use a trailing stop-loss once the price hits the first target to lock in gains. Ensure the breakout is supported by high volumes. Use a trailing stop-loss once the price hits the first target to lock in gains. Ensure the breakout is supported by high volumes
NSE:BANKNIFTY
by Simplecharttraders
Nifty Forms an Inverse Head and Shoulder PatternNifty 50 index has formed an inverse head and shoulder pattern. Its not a perfect pattern, but it meets most of the criteria to be considered an inverse head and shoulder, the second shoulder is a little shorter. But the Stochastic RSI indicator suggests, that the Nifty is in oversold zone on the daily charts, this could mean a downfall in the short term. Such a downfall would also result in a more perfect inverse head and shoulder being formed and then the final reversal. So what is likely to happen in the next few days to nifty? A Downfall or sideways movement for 3-4 day period, followed by a breakout and uptrend. Things to Note - December is a month where FIIs usually sell. But since they have already sold so much, the likely hood of more selling is less. So it also confirms with the pattern formation that Nifty is likely to end up in Green in December.
NSE:NIFTYLong
by retirewithrohit
3