Nifty moving in consolidation. Leg 1 and 2 completed. Leg 3 going on, Leg 4 and 5 pending.
Target for short trade 10650. All other things are self explanatory in chart
-Five Eleven Trader Training Institute, Noida
Range consolidation has been happening in the past 4-5 month, which was breached.
The breach was tested again and found a support at consolidation trend line.
Currently, hovering in Breakout/Reversal Zone (defined by nearest pivot at those levels)
If breakout, the next immediate target could be next pivot at 218.
If reversal, the consolidation trend line might be ...
crude rally has been good so far some consolidation here is expected the break of trend line and day macd moving below trigger, however this wont be a time to short ,personally i only track crude for study purpose and its importance to the economy ,
CONCOR has been consolidation in 150 point range for the past four months. There is also Elliott Wave pattern formation on weekly chart.
Stock needs to give breakout above 1425 with volume for it to start its upward 5th wave.
HDFC has been in a nice long term uptrend trending above 200 EMA, and is just given 13,62 EMA Crossover.
Also the price has broken up from a consolidation zone and confirmed a double bottom.
Long position may be initiated above 1737 with a target of 1800 and SL 1725
After a rising window , price consolidated for a couple of weeks , and then a nice breakout , which coincided with the down sloping trendline and the 50 EMA. Longs may be initiated for a swing target of 180 with a stoploss around 153.Also the price has crossed its 200 EMA , though closed below it.
GODFRYPHLP has been consolidating between 950 &1000 range for past three months and has now given trendline breakout above 993. It has a strong support around 950-960. If it closes above 993, then it can test 1100-1150
It has been observed that the price action is strongly trending up for past two years. Now, after a big rally up, it is consolidating in a triangle pattern and a breakout above it shall further bring upside rally.
Fundamentals Facts:
Market Cap: 4328 Cr
Face Value: 10
Book Value: 175
P/E: 10
P/BV: 0.88
ROCE (5Yrs): 107%
Short Term
T1- 158
T2- 160
SL- 153
Long ...
#BHEL has given breakout above 95 on weekly chart after long consolidation. RSI is also rising & volume also more with breakout. Downside looks limited to 85.5 & upside level is 115-120.
VTL has demonstrated upside breakout on weekly chart. RSI is also rising. Possibility of this can be a good breakout is that its holding company VHL has already risen 60% past week after similar breakout & I am expecting VTL to demonstrate somewhat similar move.
Ripple is at an all time high. The orange trendline at the bottom has provided tremendous support in the past. If it falls right now, it may find support at this line.
RSI is terribly over-bought. I do not believe it can sustain anything further and I see a dip at the moment.
There are couple of ways this trade can pan out -
A. If it falls it may find support @ ...
