Another stock that has created a perfect box at the top. It has touched it's resistance 4-5 times already and even touched it's support multiple times but now it is sticking to higher levels and looking like soon the breakout is to happen.
Target is as usual difference of the box which i have marked with green marking.
I have already posted some charts in same...
Bajaj Auto is one of the renowned names in 2 wheelers segment.
If we look at this chart which is weekly it is showing that it has been in a consolidating phase since last Oct 2017 which is more than 3 years of consolidation. Now it is trying to go out from the consolidation zone. It has tested its resistance already for 4-5 times.
Even in Monthly chart signs of...
TECHM | One more flag pattern from Mahindra group 🙂 Flag consolidation is not so strong and monthly time frame shows a resistance. Hopefully we will get some time for accumulation before the breakout.
(Attached monthly pattern chart in comment section)
CMP : 876 (Any dip till 820 is a great buying opportunity)
SL : 810
Target : 950
India's Elon Musk and...
This stock has been consolidating since long long long longgggggg time.
Interestingly even when nifty regained itself at top but this stock is still fishing at bottom so question is why this stock suddenly?
Let me show you something in weekly chart.
Just look at those goddamn volumes which is being generated right now....
CESC | Tight consolidation - still good for 20%
CMP : 581
SL : 550
Target : 695
We are holding the position for the last 27 days. Attached previous chart reference aswell.
1:4+ risk reward setup.
This stock is breaking a trendline which it has already tested thrice. And most important thing to consider is this is the first time it closed above 1330 and that is with the closing near it's high.
Some other points to consider is:-
1) Consolidated before breakout for good 4-5 weeks.
2) Volume was gaining while consolidating.
3) Today's Closing with high volume...
In this chart we can clearly see that this stock is moving in a channel and right now it is at the lowest level of the channel.
I have marked with Flags about the touches it already made.
Right now it is consolidating at lower levels and has stopped making new lows so expecting it to go back on the upside.
Best part of this chart is if we go for the long side we...
I posted this chart on 22.10.2020
Weekly Chart of the same is also posted for the reference.
It consolidated before the major move and now look at the volumes being generated.
It might take few days before the major move but we have to keep our...
ALEMBIC Ltd: Trying to break out of consolidation pattern with a spike in volumes. Momentum pick. Levels are plotted on the chart. Please follow the rules. Happy trading folks
“Past performance is the best predictor of success.” – Jim Simons
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper...
M&M | Flag accumulation is maturing, breakout may give us 30%
It has strong support zone for the last 16 weeks - almost 4 months.
CMP : 631 (Can buy upto 600) or buy above 660
SL : 560
Target : 810
1:7 risk reward from the dip (600 level)
ICICI Bank has consolidated in the range of 340 to 380. Moving average band suggest the bullish trend formation.
Stock is in short term uptrend above 380.
There is high resistance at 390 and 415.
Suggest to book partial profit at these levels if you have positioned it at below levels.
If there is good momentum in NIFTY and BANK NIFTY and if it sustains above...
COFORGE experienced stronger bullish rally and hit the pull back. momentum of pull back is very high and lots of strong bearish candles back of expanding volume, signifies, weaker pull back strength.
Hello Traders today i have selected stock which is market leader in its sector.
-stock is in uptrend and recently crossed its all time high .
-after long uptrend stock had face some consolidation at higher levels and now price get support at previous resistance level
- stock had given some good bounce back after short consolidation
- looks good risk to reward trade😉
good long 14 weeks consolidation of 20 % depth.
It's a flat base as per Marketsmith India. if so, its definitely ready for BO.
quiet volume thr' out base and contraction in handle.
Pocket pivot before BO. Good sign.
