A parallel channel breakout can be seen in the chart. The resistance line has been retested. Any move above 320 should be a good indication to enter for a target of 375. Stop-loss can be placed at 310. A risk-reward of 1:8.
HAPPIEST MINDS
Chart Structure:
- 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.
Volume:
- 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.
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.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
CHOLAFIN share is consolidating between 560-580 from so many days,
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Share has given the breakout of 579 and then took a correction now it is consolidating.
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So for tomorrow, there is a very simple setup if stock open flat and goes above 579,
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We will buy this trade target is 595, this is not the intraday targets it is Swing target's.
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What's your view on...
HINDULVR share was in downward momentum from some last trading days.
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It made a downward trendline and on Friday the share broke the trendline and,
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Second, share took the support from 2680 level two times so now on monday,
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You can buy this trade at the level of 2705 for the target of 2750.
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Swing target's: 2800.
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What's your view on this comment below in...
MANAPPURAM FINANCE share has consolidation from last two day now there is time to breakout or breakdown.
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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.
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Stock following the trendline from last so many days. So let's see on tomorrow.
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What's your view on this comment below in the box.
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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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.
Current price action is consolidation within uptrend. Now, the price action tested the previous support, failed to break it and now it may swing up to test the resistance range in coming days. It seems like a good swing trade setup.
There is a strong resistance of 698, in the previous day's stock consolidate and then down.
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Now again stock is testing the same 698 levels, so if stock goes above 698.
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You can buy this trade for the Target of 720.
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What's your view on this comment below in the box
EXPLANATION : This is a 2 hour time frame chart of HINDUNILVR . It has been in consolidate for days , If give a any side of breakout I'm expecting big move in HINDUNILVR . Down side levels marked in chart , for Up side levels use Fib Retracement .
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As we already told you in the previous charts, once it break 170 level.
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We can see the upward momentum, so the stock has given breakout.
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You can make a position in MANAPPURAM FINANCE above 174.
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Our short term target is 185-190.
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What's your view on this comment below in the box.
