Buy MindtreeBuy Mindtree above 2027 Stoploss 2000
Study: Stock is consolidating near 2020 level...if breaks it with volume then can move up further
Consolidation
BANKNIFTY | Can we expect some mercy from BANKNIFTY - 800 pointsBANKNIFTY | Can we expect some mercy from BANKNIFTY - 800 points
CMP : 33500
SL : 33250
Target : 34300
Will Delta Corp give a good move again?All levels mentioned in chart. Just for learning. I'm not responsible for your Profit or Loss.
BGRENERGY - will it show power ?14 week consolidation.
One red flag is - prior trend is lagging.
Forming a cup.
Not is 2nd stage.
Pocket pivot off 50 DMA.
Volume lookout is good.
TGT - 60-65 min.
ADANI is close to bounce back from the channel and break consoliAdani Enterprises is in strong uptrend. Though fundamentals suggest this stock is overbought, technically it looks like it is in consolidation from a few days, and following a channel pattern in consolidation. It may happen that it will come down some more and then it can take support.
Now, it may happen that consolidation will continue for a few more days, but it will bounce back after touching the lower end fo the consolidation channel.
CESC | Tight consolidation - still good for 20%CESC | Tight consolidation - still good for 20%
CMP : 581
SL : 550
Target : 695
We are holding the position for the last 27 days. Attached previous chart reference aswell.
1:4+ risk reward setup.
KOTAK BANK ANALYSISExplanation on the chart.
The price seems to be rejecting lower levels very sharply and seems to be consolidating above the 200MA on the 1 hour chart. 1900 is also a psychological level that is acting as a good support over the last couple of sessions.
I would consider the current price to be a good entry point on the stock with a medium term perspective and the price could re-test 2,000 soon.
These are my personal views and I reserve the right to be wrong. Please trade with appropriate risk management.
Note on how to trade trading range breakoutsPresenting a small guide on how to trade breakouts from trading ranges.
This trade has already happened, but similar ones can give wonderful profits!
Comment, like and share...
Gujarat Alkalies - Bullish View - Medium Term HorizonGujarat Alkalies - The Share is showing an extended parallel channel
Good levels of consolidation seen in larger time frames
We intend to buy at CMP = 313-314 for a medium term holding horizon
Stop Loss = 300
Targets = 350/370/390
Excellent Reward Risk Ratio
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
Looks like accumulation in HOMEFIRSTwith constant low volumes HOMEFIRST looks like getting accumulated near IPO price range. breakout above recent swing high on hourly could trigger rally in this counter for at least up to its listing day highs.
CumminsInd- A good breakout ?Cummins Ind has been consolidating at the higher range for a while. Last time it broke out from resistance it gave a good move and it is doing same thing for now.
Weekly chart for the reference:-
Keep an eye folks .Fingers crossed.
BPCL - Triangle with Resistance.This stock is making a trend continuation pattern in weekly timeframe. A triangle pattern is always a good sign for a investor/trader.
Weekly chart for the reference:-
Some of its peers are also showing some good signs as well.
For Example Hpcl is trying to break a longer term trendline and is trying to break a previous swing as well.
If peers are also trying to break the trend then there must be something going on. HPCL Weekly attached:-
Lets come to Daily now on BPCL where it has been testing resistance again and again.Levels of 440 will play important role as it is a resistance and will create a confluence zone as trendline is also there.
Do not enter in stock until and unless it holds at those levels for a while because if new positions are not built before breaking out then it might lead to false breakout.
Avoid the stock if it keeps on going one way without stopping.
Keep and eye folks. Cheers and Happy Trading.
Disclaimer:- I am not SEBI registered.Trade with your own risk and trade with caution.
VBL- A Possible rise?Varun beverages has been testing its breakout levels and and interestingly it has been consolidating near retest.
Price has stopped making lower lows and now volume is pushing prices up again and again.
A price action for the reference:-
We can call it a triple R concept as well but not until it breaks out the red line marked at 933.
Keep an eye folks fingers crossed...
Double Confirmation Trade on Nifty50There were 2 strong indications to go short on Nifty:
1. M pattern (Double top) forming around 15,230.
2. TrendLine break and last kiss was also seen.
The target logically was the last region of consolidation where I expected Nifty to find support, which was around 15,100.
The market has been range bound since the post budget rally and is finding it difficult to break significant levels to move higher. This means that trading the boundaries is more logical and will yield more profits.
The market bounced back very sharply from 15,000 and moved to the other extreme of 15,200.
Shoppers Stop- Let's do some shopping Same old concept but worth looking at.
Resistance tested multiple times.
Stock creating higher lows.
Ascending triangle pattern.
Don't forget to checkout weekly chart as well. Most interesting part is volumes being generated in all these weeks.
Don't know who is generating all these volumes :P
Take entry only and only it stock stays at breakout level for 2-3 days atleast.
Keep an eye folks. Fingers crossed.
HDFCBANK | Flag & Trendline breakout and retesting the zoneHDFCBANK | Flag & Trendline breakout and retesting the zone - Lets see if we can capture a 15-20% (Pole length)
CMP : 1466
SL : 1410
Target : 1600,1750
POWERGRID | Flag consolidation - Looks good for 16%POWERGRID | Flag consolidation - Can see good breakout in 1-2 days. Looks good for 16%
CMP : 193.50 (Dip till 190)
SL : 185
Target : 215, 225
Almost 1:5 risk reward setup.
SOLARIND Weekly consolidationSOLARIND has been consolidating between 970-1300 in the last 3 years on weekly scale. sustaining above 1300 on weekly basis can unlock a portential 25% upside. keep on radar for breakout.
Multiyear breakout!Monthly chart.
Use Dips to buy. Non stop move from 1000 rs level.
If breaks out then in this swing only then buy
Don't attempt a breakout trade.
