TATACHEM HAS BEEN CONSOLIDATING IN A NARROW RANGE FOR A LONG PERIOD. LOOKS GOOD ONCE IT CLEARS THE SUPPY ZONE
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.
Tcs has been silent for quite some time now. Reason was Banknifty pumping up. Now bank nifty is halting so some other sector has to go up if nifty needs to go and sustain above 13150 and at higher levels. Let me show the chart of IT index. As per the chart it is visible that NIFTY IT index is slowly and gradually picking some momentum. It has broke a triangle...
NSE:CANTABIL expect a 5-10% upside movement.
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...
9 week flat base. consolidation BO prior trend is not that strong - only 70% up form low. weekly action is tight with quiet volume followed by BO on high volume. 100 wma and horizontal S/R at around 230. so that may act as resistance.
It has been following a downtrend with a trendline, and now it is in a very crucial position as it is currently in a no trading zone. It has taken support from that zone. The top and bottom if the no trade zone box is the execution point. If it gives a breakout from there, take a trade.
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...
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. In whole chart of weekly we can hardly...
NSE:COFORGE REFER CHART
Greeting Traders, Chikou line is now free and going upward with Price direction. Takken line is giving support and acting as resistance, clouds are above The chart so Buying is perfect for us. Now price is under The consolidation , if price breaks upside,, cant wait for buy
Both for Intraday & Swing. Tech Mahindra has been consolidating for a 2-3 days. It can give a breakout either for long or short. No Trade Zones has been given, if it breaks either of it, it will give good targets.
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...
Look into the chart and get on to it. Keep in mind the Production Linked Incentive scheme in mind, not to miss a trade. Watch for the levels shared. It have been consolidating for the past week there could a high probability for a breakout or breakdown in the coming trading days.
Hdfc Life Positional Buy ~ 595, Stop ~ 560, Target ~ 650, 680
Showing a sideways movement since two days. RSI Divergence is showing a bearish movement. It might take a retest and can be shorted for quite a nice target.
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 eyes as hawk for the best opportunity. Hope you guys have enjoyed the trade. Cheers and Happy Trading.