Chartpatternanalysis
NATIONALUM : Swing Trade#NATIONALUM #swingtrade #chartpattern #trendingstock
NATIONALUM : This is how i expect the Stock to move
>> Low PE Stock
>> Trending Setup on Daily
>> Chart pattern Visible
>> Possibility of failed breakdown and then up move
>> Good Strength & Volumes
Swing Traders can lock profit at 10% and keep trailing
Market is continuously falling and its uncertain as to how much more fall is pending, so trade only good structures with proper Risk management and proper Stop-loss Rules.
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
SUMICHEM : Breakout Candidate#SUMICHEM #patterntrading #chartpattern
SUMICHEM : Swing Trade
>> Ascending Triangle Pattern
>> Trending Setup
>> Good Strength & Volume in Stock
>> Good Risk Reward Trade
Swing Traders can lock profit at 10% and keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Head & Shoulder pattern breakout in PARKHOTELPARK HOTELS LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Head & Shoulder Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 240+.
✅Can Go Long in this Stock by placing a stop loss below 179-.
BEPL : Breakout Candidate (Holding 1-3 Months)#BEPL #Swingtrading #trading #patterntradinng #chartpattern
BEPL : Positional Trading (Holding 1-3 Months)
>> Breakout Stock
>> Monthly Cup & Handle Breakout
>> TWS + Flag pattern + FVG Visible on daily
>> Trending Stock in Momentum
>> Good Strength & Volumes Recently
>> Big Player Entered in stock
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.
Rising Wedge pattern breakout in BHELBHARAT HEAVY ELECTRICALS LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Rising Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 308+.
✅Can Go Long in this Stock by placing a stop loss below 295-.
Reversal Broadening Wedge pattern in VOLTASVOLTAS LTD
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 1595+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 1688+.
📈 Can Go Long in this stock by placing a stop loss Below 1427-.
Indusind Bank- Bullish TriangleUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept at the point of completion of wave-e (conservative approach) or to the breakout level of wave-d to get the target of this pattern (aggressive approach).
INVESTMENT STRATEGY:
Buy on CMP 1448 , keeping SL of 1398 look for the target of 1500/1550 in the coming days
Mastering the Double Bottom Chart PatternA double bottom, combined with RSI divergence, can be a powerful signal for a trend reversal.
What's a Double Bottom ?
It's when a stock's price forms two distinct lows on a chart.
The pattern is confirmed when prices rise above the peak between those two lows.
Why Does It Matter?
The double bottom marks the end of a downtrend and the start of an uptrend.
It's one of the most common patterns, but it needs careful analysis.
Adding RSI Divergence:
RSI measures a stock's strength and momentum.
Look for RSI to form higher lows while the price forms lower lows. This is RSI divergence and a strong bullish signal.
Key Points to Remember
Downtrend First: The pattern begins in a downtrend.
Time Gap: The longer the time between the two lows, the stronger the reversal signal.
Price Increase: Look for a significant price increase between the two lows (around 10-20%).
Volume Matters: Usually, volume is higher during the first low and increases as the pattern confirms.
Breakout Confirmation: Don't act until prices break above the confirmation point.
Pullback After Breakout: Expect a pullback after the breakout; it's normal.
Trading the Double Bottom with RSI Divergence:
Calculate a target price by adding the pattern's height to the breakout point.
Confirm the pattern only after prices break through the confirmation point.
Be patient; not all patterns are double bottoms.
Watch for volume during the pattern's development.
Pay attention to RSI divergence for added confirmation.
Remember: Wait for confirmation, and don't rush into trades based solely on patterns. It's wise to use multiple indicators, including RSI, and keep an eye on market conditions.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Uptrend Channel pattern breakout in HEROMOTOCOHERO MOTOCORP LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Uptrend Channel Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3115+.
✅Can Go Long in this stock by placing a stop loss below 2975-.
Head & Shoulder pattern breakout in GODREJCPGODREJ CONSUMER PRODUCTS LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Head & Shoulder Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1085+.
✅Can Go Long in this stock by placing a stop loss below 1025-.
Dollar Industries Intermediate Term looks bullish!It appears that the price of Dollar Industries Ltd. has reached its lowest point after trying and failing to go below a certain level. Instead, it started going up again, which is a sign that a new upward trend may be starting. the price seems going above the highest point between the two lows, it confirms that the trend is changing to a more positive one and looks like Double Bottom .
The Double Bottom is a reversal pattern of a downward trend in a stock's price.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Rising wedge pattern reversal in PELPIRAMAL ENTERPRISES LTD
Key highlights: 💡⚡
📈On 1Day Time Frame Stock Showing Reversal of Rising wedge Pattern .
📈 It can give movement upto the Reversal Final target of above 1015+.
📈There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto above 1105+.
📈 Can Go short in this stock by placing a stop loss below 945-.
Falling wedge pattern breakout in ULTRATECH CEMENTULTRATECH CEMENT LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 8565+.
✅Can Go Long in this stock by placing a stop loss below 8140-.
Falling wedge pattern breakout in IGLINDRAPRASTH GAS LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 510+.
✅Can Go Long in this stock by placing a stop loss below 487-.
Rounding Bottom pattern breakout in DLF LTDDLF LTD
Key highlights: 💡⚡
✅On 1 M Time Frame Stock Showing Breakout of Rounding Bottom Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 815+.
✅Can Go short in this stock by placing a stop loss below 340-.