The stock stays in consolidation for a very long time before a breakout. breakout happens only by news or good earnings.
also there is no hope of breakout now as there is no uptrend. MACD is not that great now. hence I would recommend you o wait for while.
strong resistance at 774. no proper support.
Can give an entry if forms a good support level or gives a good...
MCX broke it's monthly resistance and has retested it very well and is consolidating for a big movement ( high chances of upside movement ). BUY once it breaks out the trendline resistance on a weekly chart with good volumes.
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- Stock is in a continuous uptrend.
- Stock took a breather of 13% after a 58% up-move.
- Currently stock is consolidating at a 10% range.
- Stock trended up with huge volume activity.
- During consolidation around 40 lac shares were delivered from 23-29 July. All days delivery is above average.
- On 20th August, there...
This is the pure PRICE ACTION based analysis of Canara Bank stock.
Since it made a double bottom with rsi divergence, it has to come up.
Also it is consolidating up side with rsi also, there is more likely to go long.
Auto sector has not participated much in the NIFTY rally, but seems that the index is getting a push now. TATA MOTORS seems to be a good candidate. After recovering from low, it is consolidating nicely at a important fib level (seems like accumulation is going on). The stock is trading above near/med/long term moving average.
Zensartech has shown some beautiful indications of long-term bullishness, usually, these types of breakouts sustain for longer periods of time, have a full conviction on these types of trading setups.
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Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
MANAPPURAM FINANCE share has consolidation from last two day now there is time to breakout or breakdown.
194 is support and 196.5 is a resistance, if stock goes above 196.5 you can buy this trade for the target of 200.
Stock following the trendline from last so many days. So let's see on tomorrow.
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HINDULVR share was in downward momentum from some last trading days.
It made a downward trendline and on Friday the share broke the trendline and,
Second, share took the support from 2680 level two times so now on monday,
You can buy this trade at the level of 2705 for the target of 2750.
Swing target's: 2800.
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Simple 1.5 year old consolidation.
Now stock has formed smaller range below the upper end of the range.
Increased volume activity since few weeks.
Longer the consolidation more powerful is the breakout.
CHOLAFIN share is consolidating between 560-580 from so many days,
Share has given the breakout of 579 and then took a correction now it is consolidating.
So for tomorrow, there is a very simple setup if stock open flat and goes above 579,
We will buy this trade target is 595, this is not the intraday targets it is Swing target's.
What's your view on...