GODREJPROP | What a lovely consolidation
Flag pattern in Weekly chart
Almost 68+ days consolidation in Daily time frame. Waiting for explosive move.
CMP : 905 (Strictly buy only 50% now) remaining can buy in dip at 850 or above 950 upon breakout
SL : 830
Target : 1105
1:3 Risk reward setup
(P.S : Have shared atleast 110+ charts in tradingview community and i...
After a terrific upmove in june month, stock has gone through a good consolidation phase and has given clear breakout with decent volumes and RSI showing some great strength. Also cup and handle formation at the top gives dual confirmation for the setup. One can expect good returns in short to mid term.
Disclaimer: Take this view for educational purpose....
(Swing / Positional Trade) | RR 1:2+ | Type:- S&R
Reasons To Trade🤔 :- In Weekly Uptrend, Closed Above 200 DMA, Formed Bullish Candle On Support, (Consolidating) It Can Break Upside.
Entry :- 865 - 870
Stop Loss :- 828
Target :- 940 (If It Directly Breaks out Above Resistance, Then You Can Hold It More) Because It Is Consolidating Heavily In Weekly...
The stock has been trapped in a channel for a long time. So wait and trade the breakout at these levels :-
Buy above 305
Sell below 298.9
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and...
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...
A perfect stock in this falling market where everyone is worried about their investments and portfolios turning red.
Lets understand the points:-
1) A beautiful price action where it broke out came down and then consolidated for a while and now ready to pickup the pace.
2) Price broke the resistance and as we all know previous resistance turns into support and in...
PRICE HAS REACHED THE IMMEDIATE RESISTANCE, IF IT BREAKS, THERE IS GOOD CHANCE THAT THE BULLISH MOMENTUM WILL CONTINUE.
BUT SINCE AUTO SECTOR IS WEAK SINCE THEIR WAS A HUGE MOMENTUM IN THE PAST COUPLE OF DAYS, MAYBE THE STOCK WILL HAVE A CORRECTION. BUT USE THAT TOO AS A BUYING OPPERTUNITY AS "BUY AT DIPS" IS THE STRATEGY WHICH SHOULD BE FOLLOWED NOW.
487.5 IS AN IMPORTANT LEVEL TO CONSIDER FOR BHARATFORGE AS IT ACTED AS A SUPPORTED IN THE PAST.
NOW THE SAME LEVEL IS ACTING AS RESISTANCE .
WATCH OUT FOR A STRONG CLOSE ABOVE 487.5 BEFORE ENTERING A LONG POSITION.
ALSO REMEMBER THAT ALL DEFENCE STOCKS CAN BE BULLISH FROM HERE
Look at the charts and make an informed decision.
Stock is consolidating for the last 2,3 months and also try to break out with huge volume but the stock tested its support zone, but now if breakout will happen then it will show some big move. fundamentals of the company are also good.
The stock is consolidating since 30th July that is for about 35 trading sessions and has taken strong support at 200 ema levels.
Breakout is about to be seen.
Buy only when the stock breaks the trend line.
Levels mentioned in the chart.
This stock has tested this high thrice already before and as mentioned Chart is of WEEKLY timeframe. Since Jan 2018 this stock is testing this level and returning back but as concept of resistance tells us that once a level is being tested again and again it starts becoming weak combining it with its halt near breakout gives this stock a better scenario and...