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Consolidation

Uttam Sugar Mills breakout complete now consolidating.All observations on chart. All sugar stocks are zooming. Uttam sugar has formed a large falling wegde, bullish pattern. After breaking out stock is sideways for almost 4+ months with increased volumes, this shows accumulation is going on. Expecting a breakout soon here. Entry will trigger above 116. RR is more than 1:1. To make it more favorable one can enter with conviction now at CMP . One can buy partial quantity now and rest above 116. Besides these Other sugar stocks. 1. NSE:BALRAMCHIN 2. NSE:ANDHRSUGAR ( link attached below ) 3. NSE:DHAMPURSUG 4. NSE:DALMIASUG 5. BSE:DCMSRMIND 6. NSE:AVADHSUGAR
NSE:UTTAMSUGARLong
by varadtambolkar
6
Rounding Bottom Formation in RAMCOCEMChart structure looks like RAMCOCEM forming a Rounding bottom pattern. Currently its trading near its bottom level of this pattern. Expected it will complete this pattern within upcoming few trading sessions. At 1090 level it will face the neckline(resistance). Here either it will breakout this neckline or possible slightly consolidate 1-2 trading session. In case successfully breakout of this level gives strong uptrend in this stock towards the new level.
NSE:RAMCOCEMLong
by TradZoo
2
Range breakout expectedStock consolidating since 9 months. longer is the consolidation more powerful is the breakout. since stock is up today 10% buy only partial qty wait for dip till 400 or wait for range break and enter on testing. All other observations on chart. Many times I have covered range & consolidation breakouts. Advantages 1. Stop losses are low. 2. Kicking out by hitting SL is occurs rarely. 3. Breakouts are of high intensity, Quick gains. 4. If you have entered in the lower end of the range & breakout fails, you still get good exit. 5. Profit probability is higher. Check similar ideas below
NSE:TCPLPACKLong
by varadtambolkar
9