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Consolidation

ROSSARI : Huge Breakout with Volume!!NSE:ROSSARI has broken out after long consolidation. The breakout is supported by good volume. Stock has taken continuous support from the trendline and has also provided an ascending triangle breakout. Do not chase breakout wait for the stock to retrace to some extent before entering the trade. DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper risk management before taking your trade. Cheers! Happy Trading!
NSE:ROSSARILong
by TheAspiringTrader
Mentorship InstaView 14 Sept’21: Stuck … Time to be Careful
Nifty View: Range bound price behavior continues for the benchmark Nifty index. At a close of 17,385, the index slipped a bit, from its intraday high to manage a small gain of just 25 points. It is now six trading sessions that the index has stayed range bound which is nothing but a sign of consolidation after the recent rally. The underlying trend is very much UP and resilient and any correction, if at all, should be first looked upon as a buying opportunity. Watch the video for a more detailed analysis. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
Mentorship InstaView 01 Sept’21: What Goes Up, Must Slow Down 
Nifty View: We now have a slow down of the recent momentum as the benchmark Nifty posted a flattish negative close to end the trading session at 17,096. The index did slip quite a bit from its intraday high of 17,228 to end the series of four consecutive positive daily closes. No damage to the underlying UP trend yet and any further weakness should be first looked into as an opportunity to go long. Stock and sector specific momentum continues as we noticed in the Real Estate stocks today, and this trend is likely to continue. So keep a bullish bias. Please watch the video for a more detailed analysis. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
QUICK AND DILIGENT ANALYSIS ON BERGER PAINTS !!!Notable points: 1.Stock is taking support at major weekly trendline support area, also same zone is a previous resistance which turned into support now. 2.The stock is at 50% fibo support and seeing some buying interest with formation long lower wick candle at the support. 3.The stock is almost bottomed out in RSI , thus can expect a bounce from this area. 4.The stock was in a decent uptrend and did a long consolidation therefore probability of bounce from major weekly trendline support is high. Short Term View : Bullish Timeframe used : Daily Target : 830-870 Takeaway : Can enter at or near by the current trendline support. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
NSE:BERGEPAINTLong
by saikrishna9999
Mentorship InstaView 26 Aug’21: Rare Boring Expiry 
Nifty View: Hi good evening traders … we are on the evening of 26th of August 2021, fairly muted session for the nifty specially keeping in mind that we had the expiry of derivatives contracts today, up by just six points on the daily timeframe. We now have consecutive to spinning tops and on a day on day basis you can see lower high and lower lows, this is not exactly a bearish sign but this is a sign that we should take it with a little caution. There is a price momentum divergence on the daily time frame and also the range of the market is shrinking, these are definite signs of consolidation and the important question is whether it will correct or consolidate. I have shared my detailed view in the video. I hope you will find it useful enough. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:VOLTAS1!
by Abhijit_Paul
HAPPSTMNDS offering good RRHAPPIEST 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 was a delivery of 7.30 lac shares - By looking at Volume bars, the supply looks exhausted. Relative Strength: - Stock is outperforming both its sector (NiftyIT) & Nifty50 in 1W, 1M, 3M & 6M - Stock is also outperforming Midcap Index. - Spread Chart breakout happened today. Financials: - In Q1, sales grew by 11% QoQ & 30% YoY - PBT growth was -2% QoQ & 46% YoY - PAT growth stood at -5% QoQ & -29% YoY Other Positive Highlights: - At CMP, the stock is offering excellent RR. - Given the sectoral tailwind, the stock is also expected to perform well. Good stock to study & keep an eye upon.
NSE:HAPPSTMNDSLong
by AmanSaraf
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