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.
Market Cap: 4328 Cr
Face Value: 10
Book Value: 175
ROCE (5Yrs): 107%
KTKBANK is consolidating between 130138 for more than a week, we'll look for trades on either sides
Entry : Long Abv 138 <=> Short Blw 130 Range
Stoploss : 5% (Closing Basis)
Basic Target: 10%
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As we can clearly see how it has been lashed down in the last trading session from the resistance forming a piercing pattern on 1 day chart and Bearish Engulfing on 60mins & 240mins chart. The current resistance is showing strength and pushing price down to retest the monthly blue coloured trend line which it has crossed in march. After that only we can expect...
FB formed a double Bottom from 11/18 to 02/19 which was confirmed by the succesful breakout on 14 january. Fueled by the earnings Reports on 30 january FB had a big upside gap. Now we have breakout of the consolidation and so we have further updside potential.
Profit Target 215$, Stop loss 165$
2:1 reward : risk ratio
NSE: Varun Beverages One more attempt for Breakout .
Since July 31 till Jan 15, Stock was oscillating between 670 to 829
Flat consolidation with 2 attempt for breakout
Stock is consolidating near 829 level since last few days, might be one more attempt for breakout
Possible Long after close on daily chart above 830 for a target of 873 and 920 in short term.
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
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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