Consolidation
TATASTEEL CONSOLIDATING 30MTATASTEEL is currently showing a correction. It is healthy to have a correction after a bullish rally & it offers more chances for the share price to go up. You can add TATASTEEL to your watchlist and monitor it. You can initiate a positional trade when it gives a breakout. Enter the trade after price crosses the high of the breakout candle and keep your SL on the nearest swing low. Risk management is the key so you should keep your SL in place & keep trailing your SL tightly to maximise your profits. Happy Trading!
BANK OF BARODA - GOOD BET FOR LONG TERM 80+We have already recommended this at 41 levels and still its good bet to go for long. one can even accumulate on dips, Improvement in earnings and fundamentals in the last few quarters. Do your own research before investing
Flag and Pole pattern in TATASTEELTATASTEEL has formed a flag and pole formation. It has the potential for a huge move on the upper side.
The pole was a move of almost 50%. Soon after breakout, it could give another move of 50% and test its all time high of around 900.
Could be a good buy and more quantity can be added on dips.
TATACHEM LOOKS GOOD ABOVE SUPPLY ZONETATACHEM HAS BEEN CONSOLIDATING IN A NARROW RANGE FOR A LONG PERIOD. LOOKS GOOD ONCE IT CLEARS THE SUPPY ZONE
INFOSYS (INFY) - SELLERS BECOMING WEAKNSE:INFY
AFTER A LONG RALLY ,PRICE STARTED TO CONSOLIDATE FROM MID OF OCTOBER
FORMED A TRIANGLE PATTERN,WITH STRONG SELLERS INITIALLY
PRICE DID NOT BREAK BELOW REF. POINT A, ALSO IT FORMED KIND OF HIGHER LOW FORMATION,INDICATING SELLERS ARE BECOMING WEAK
PRICE HAS TESTED RESISTANCE LEVEL 1148-1150 FOUR TIMES.
NEW RALLY MIGHT START ONCE PRICE BREAKS ABOVE RESISTANCE LEVEL WITH RELATIVELY HIGH VOLUME
Will it just go off the roof or will it contract further ?good long 14 weeks consolidation of 20 % depth.
It's a flat base as per Marketsmith India. if so, its definitely ready for BO.
quiet volume thr' out base and contraction in handle.
Pocket pivot before BO. Good sign.
Tcs - Let's Play MomentumTcs has been silent for quite some time now.
Reason was Banknifty pumping up. Now bank nifty is halting so some other sector has to go up if nifty needs to go and sustain above 13150 and at higher levels.
Let me show the chart of IT index.
As per the chart it is visible that NIFTY IT index is slowly and gradually picking some momentum. It has broke a triangle pattern and heading towards all time highs. So if Index will reach all time highs then major constituents will also perform.
Another chart to understand price action:-
In this chart we can clearly see that even in price action it has stopped making lower lows and has been testing levels of 2760 again and again.
I have marked few rejection on the main chart to show that someone is pushing this stock up.
Keep an eye folks. Cheers and Happy Trading.
Disclaimer:- I am not SEBI registered. All the levels mentioned are for educational purposes. Trade with your own caution and with your own risk.
Coromandel-Potential Box Breakout Another stock that has created a perfect box at the top. It has touched it's resistance 4-5 times already and even touched it's support multiple times but now it is sticking to higher levels and looking like soon the breakout is to happen.
Target is as usual difference of the box which i have marked with green marking.
I have already posted some charts in same pattern. Look at them for the movement tracking that what happens when this kind of box is formed.
Kuch log dekh ke kehte honge kya ek hi type ki chiz baar baar post karta rehta hai.
But remember agar ek chiz pata ho aur acche se pata ho to wo akela more than enough hai stock market mein paise banane ke liye.
Cheers and Happy Trading Ladies and Gentleman.
Bajaj Auto- Long Term Breakout(Investment Option)Bajaj Auto is one of the renowned names in 2 wheelers segment.
If we look at this chart which is weekly it is showing that it has been in a consolidating phase since last Oct 2017 which is more than 3 years of consolidation. Now it is trying to go out from the consolidation zone. It has tested its resistance already for 4-5 times.
Even in Monthly chart signs of consolidation and breaking out is visible.
Monthly Chart:-
Rectangle marked near resistance is showing that stock is now sticking to higher levels.
look at daily chart as well.
Anything unusual?
I will say yes because price is now not even able to come down 200 ema and sticking at higher levels.
Finally the Target part. Target of the consolidation breakout is usually the difference of the consolidation.
Don't forget to check the volumes which is being generated even at higher levels. What was the last time when we saw these kind of unusual volumes? (I have marked already).
Keep an folks. Happy Trading and Cheers.
New trend setting up9 week flat base. consolidation BO
prior trend is not that strong - only 70% up form low.
weekly action is tight with quiet volume followed by BO on high volume.
100 wma and horizontal S/R at around 230. so that may act as resistance.
JUSTDIAL on a verge!!It has been following a downtrend with a trendline, and now it is in a very crucial position as it is currently in a no trading zone. It has taken support from that zone. The top and bottom if the no trade zone box is the execution point. If it gives a breakout from there, take a trade.
ALEMBIC Ltd: Trying to break out of consolidation patternALEMBIC Ltd: Trying to break out of consolidation pattern with a spike in volumes. Momentum pick. Levels are plotted on the chart. Please follow the rules. Happy trading folks
“Past performance is the best predictor of success.” – Jim Simons
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
TECHM | One more flag pattern from Mahindra groupTECHM | One more flag pattern from Mahindra group 🙂 Flag consolidation is not so strong and monthly time frame shows a resistance. Hopefully we will get some time for accumulation before the breakout.
(Attached monthly pattern chart in comment section)
CMP : 876 (Any dip till 820 is a great buying opportunity)
SL : 810
Target : 950
India's Elon Musk and Celebrity CEO gave lot of opportunity through M&M, M&MFIN and now through his IT.
FSLStock has taken support at the breakout near 66-67
Stock is set to move up after this consolidation.
CMP: 74
Target: 87, 93
Raymond- Another Breakout to watchout for.This stock has been consolidating since long long long longgggggg time.
Interestingly even when nifty regained itself at top but this stock is still fishing at bottom so question is why this stock suddenly?
Let me show you something in weekly chart.
Just look at those goddamn volumes which is being generated right now. In whole chart of weekly we can hardly see these much of volumes consistently.
So my question is same:- Who is buying all those quantities? You? Me? Someone Hidden?
Along with this look at daily chart now. It has already Tested resistance level of 340 multiple times.
All the swing Lows are making Higher Lows.
Very surprisingly 200 EMA also exactly at 340 Levels. Slope of 200 Ema is now changing from downward to flat.
Keep an eye Ladies and gentleman.
Cheers and Happy Trading.
Hope it helped.
INFOSYS about to go long!!Infosys is forming a Flag & Pole pattern on 1 hour chart.
Not yet given a breakout, but if it breaks, the mentioned levels can be followed:
BUY @ 1150
SL - 1130
TGT 1 - 1160
TGT 2 - 1180
NIFTY | Waiting for something bigNIFTY | Waiting for something big ❤
2 Hours time frame - only concern to go long is RSI divergence in 30 min's and hourly time frame now.
Coming out of Blue ?After long sideways consolidation, it changed the character. Then it formed a low cheat in form of pullback to 50 DMA.
Beautifully rounding out on weekly chart.
Then broke out today on high volume.
Tgt - at least 600 and 620
Consolidation on ICICI bankGreeting Traders,
Chikou line is now free and going upward with Price direction.
Takken line is giving support and acting as resistance,
clouds are above The chart so Buying is perfect for us.
Now price is under The consolidation , if price breaks upside,,
cant wait for buy
Weaker Flag formation in pull backCOFORGE experienced stronger bullish rally and hit the pull back. momentum of pull back is very high and lots of strong bearish candles back of expanding volume, signifies, weaker pull back strength.
