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Long Avanti FeedsAn inverted Head & Shoulder Chart Pattern Breakout happened on the weekly Time frame of BSE:AVANTI Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Inverted Head and Shoulder Technical Indicator :- Positive MACD Crossover
ALong
by raigvivek
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.
NSE:DALBHARATEducation
by RK_Chaarts
16
Breakout soon in Havells.As we can see from the chart havells india looks promising in weekly timeframe. It has been consolidating within a demand and supply zone for the past 28 months, forming a rectangle channel pattern. Today, it has reached the resistance level with a good amount of trading volume. This increases the likelihood of a breakout. However, there are a few things to consider before investing. We should wait for the price to break out with even stronger trading volume and stay above the 1400 level before entering a trade. To manage our risk, we can aim for a 10% gain in the trade while setting a 10% stop loss. Why bigger stop loss?, because stocks might show 'fake-out' and falls back at first go and again give breakout. By doing that we can remain in this trade. Note- You can use your strategy and then dive into the trade, that is the only thing that can make you profitable. Do not seek any tips and trade calls from others. It was all for educational purpose.
NSE:HAVELLS
by BullishLine
1
triangle pattern breakout in PETRONET LNGThere is a triangle pattern formation in the chart for long term. Expecting a bounce back once it reaches 210-214 zone. Target for triangle pattern with taking C Wave as stop loss. once there is a breakout then we can go for the consider E wave as stop loss and we can trail accordingly. Target:- T1- 242 T2-264 T3-300 T4-330 Stop @ 190 we have to wait and watch the pattern formation. An alternative view I will post in the forecoming chart's.
NSE:PETRONET
by n0m0ret0ss
Long bet in West Coast Paper Mills.Financial highlights. Over the past five years, the company has achieved an impressive compound annual growth rate (CAGR) of 33.9% in terms of its profit. Company has a good return on capital employed (ROCE) of 61.5 %. Stock has negligible debt to equity of 0.09. /list Technicals. Currently price is at somewhere between support and resistance level of the trend line, some position can be made either it gives a breakout, or it comes back to support. My commentary West Coast Paper Mills Ltd is one of the oldest and the largest producers of paper for printing, writing, and packaging in India. Paper consumption expenditure is expected to double from $1.5 trillion in 2020 to $3 trillion by 2030.(Source: The Hindu). We can long on this, if it falls as it is more likely to happen, more quantity can be added. This is only for an educational purpose, Don't take it as a trade calls. I am not a Sebi registered
NSE:WSTCSTPAPRLong
by BullishLine
1