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.
Consolidation
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.
Care Rating- Triple R Concept (Rise- Retest - Rise)Hello Folks First of all Sorry for not posting anything.
Now I am back and I will be back with a bang.
Let's begin then.
I have shared this chart when it was trying to break out from a W Pattern.
Not what has happened is it broke and it came perfectly back to its breakout level.
A perfect example of resistance turning into support
More interestingly downward sloping EMA which now converted into upward rising EMA and price has taken support exactly at 200 EMA+ Breakout level.
Price action chart for the same is attached:-
We can also draw a trendline from top and wait for that to break for a rise again.
so for now Close above 500 will certainly give this stock wings.
Cheers folks and Happy Trading.
How I made 10 times profits from PRESEARCHThis coin in consolidation since march 2020. It was bouncing off from key support levels marked as support 1 and 2. So my aim was get entry within this range which is marked as buy zone. And on NOV 22, 2020 I was able to make entry into this coin and this reached to all my targets within 2 months time period. Reason of such bullish action is it's very long consolidation, also the long awaited product launch on this coin of decentralized search engine.
I didn't just buy this coin because of consolidation I believed in it's technology and project.
Near Life time high of the stock valueLikely consolidation in the coming days.
In weekly time frame has hit a strong resistance - reflected in the short daily time frame with a bearish engulfing pattern
2 possible outcomes, consolidation in the short term or breakdown and can go upto 450 - 470Rs. per share
Silver inside candle analysis ! Silver formed inside bullish candle in 4 hour time frame, and breached consolidation zone.
Possible targets:
1) 67,500 (that is 50% Fibonacci level), if it sustain on that level then we can hold to achieve the next target.
That is
2) 68,500.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
M&M | Flag accumulation is maturing, breakout may give us 30%M&M | Flag accumulation is maturing, breakout may give us 30%
It has strong support zone for the last 16 weeks - almost 4 months.
CMP : 631 (Can buy upto 600) or buy above 660
SL : 560
Target : 810
1:7 risk reward from the dip (600 level)
Cesc above 700 can give good momentum Cesc gave 1 Year old trend line breakout,
Possible target
1) 745
2) 850
Buy above 700
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
Reliance - Consolidation PhaseReliance will probably be in range of 1820 - 2100. Swing traders can take this opportunity. SL at 1650.
NIFTY | Small Flag pattern but with RSI divergence (15 TF)NIFTY | Small Flag pattern but with RSI divergence (15 Min's Time Frame)
CMP : 14563
SL : 14510
Target : 14625, 14687
