HCL tech is consolidating very wellHCLTECH has consolidated with reduced volumes.
NSE:HCLTECH
A breakout from the consolidation would resume an uptrend which preceded the consolidation.
Consolidation
Ratnamani- Trendline Breakout With ConsolidationThis stock is breaking a trendline which it has already tested thrice. And most important thing to consider is this is the first time it closed above 1330 and that is with the closing near it's high.
Some other points to consider is:-
1) Consolidated before breakout for good 4-5 weeks.
2) Volume was gaining while consolidating.
3) Today's Closing with high volume shows some good interest of buyers.
Weekly chart for the reference:-
I hope it will help someone in the community to understand.
Keep an eye ladies and gentleman.
Cheers and Happy Trading.
ACC #Trading in #Support #Resistence #HugeConsolidationLook into the chart and get on to it. Keep in mind the Production Linked Incentive scheme in mind, not to miss a trade. Watch for the levels shared. It have been consolidating for the past week there could a high probability for a breakout or breakdown in the coming trading days.
Expected breakout of Consolidation zone for target of 489Today expected breakout of consolidation zone in TVS motor for the target of 489.
Trading the results coupled with technical analysisEver since the breakout in DrReddy, the stock has been consolidating for quite a long time now.
It has been trading in a range since 18 Sep. Consolidation is is confirmed by the lower volumes after the breakout.
Q2 results are above expectations. I am hoping a breakout tomorrow.
Also, I've been waiting for the stock to come close to the trendline. This is the perfect time to enter.
ICICI Bank 1 hr ChartShowing a sideways movement since two days. RSI Divergence is showing a bearish movement. It might take a retest and can be shorted for quite a nice target.
Parallel Channel get's brokenGreetings Traders,
The price is in a ranging market. Price is getting consolidated.
The time will come when the price will break the parallel channel, we might get a confident target of buying or selling.
We should wait!!!!!
Sometimes it would not break the parallel channel and travels within if it touches the support line, it is a SELL signal and if touches the resistance line, it is a BUY signal.
SRF- A box Breakout RevisionLast time i posted this stock on 13th of October and since then it kept me waiting for the right time.
I clearly mentioned it needs to halt before breaking out and that is what it did.
Previous Posted Chart for the reference :-
Waited for almost 20 days and then gave returns of 10% in a day.
This is what is important in trading Waiting for the right time.
Waiting for the right time is the most difficult thing to do in trading. Believe yourself and believe your analysis. Some will fail and some will go your way and the charts which will go your way will give you much more than what u lost in others.
Trade with Sl and believe.
Cheers and Happy Trading
Bayers Corp- A parallel Channel In this chart we can clearly see that this stock is moving in a channel and right now it is at the lowest level of the channel.
I have marked with Flags about the touches it already made.
Right now it is consolidating at lower levels and has stopped making new lows so expecting it to go back on the upside.
Best part of this chart is if we go for the long side we can expect target of 6350 with very minimal stop loss of 5150.
Lets calculate the risk to reward ratio:-
Risk-400
Reward-800
So potential of 1:2 ,sounds good to me.
Some people wanted an example of buying at support and what to look before entering into a trade so here it is.
Keep an eye folks and Happy Trading. Cheers.
Crisil- Long Term Breakout I posted this chart on 22.10.2020
Weekly Chart of the same is also posted for the reference.
It consolidated before the major move and now look at the volumes being generated.
It might take few days before the major move but we have to keep our eyes as hawk for the best opportunity.
Hope you guys have enjoyed the trade.
Cheers and Happy Trading.
MGL LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART;
PRICE IS STRUGGLING TO BREAK DAILY 20 EMA,
PRICE HAS INCREASED ON ACCOUNT OF HIGH VOLUME, AND ITS SUSTAINING/CONSOLIDATING ON ACCOUNT LOW VOLUME.
The indicator used:
1) Daily Lines plots Daily 20 EMA on lower time frame charts
2) TE REKAB shows reversals in the market
PB stands for - PULL BACK.
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!
RAYMOND: READY FOR A BIG RALLYThe stock gave a strong breakout and then pulled back on low volumes. Looks ready to restart its upward journey after a good 5 months consolidation. A close above 290 will be positive.
GODREJPROP | What a lovely consolidationGODREJPROP | What a lovely consolidation
Flag pattern in Weekly chart
Almost 68+ days consolidation in Daily time frame. Waiting for explosive move.
CMP : 905 (Strictly buy only 50% now) remaining can buy in dip at 850 or above 950 upon breakout
SL : 830
Target : 1105
1:3 Risk reward setup
(P.S : Have shared atleast 110+ charts in tradingview community and i used to put a google spread sheet link where i have the records analytics i post with the live status. But due to tradingview rule they removed all my charts all of a sudden. Hence i lost almost more than 65+ charts shared earlier. However i will continue to share the charts in future without link by abiding to the platform rules.)
Those who wants to track those calls just message me through the platform.
GODREJ PROPERTIES(Swing / Positional Trade) | RR 1:2+ | Type:- S&R
Reasons To Trade🤔 :- In Weekly Uptrend, Closed Above 200 DMA, Formed Bullish Candle On Support, (Consolidating) It Can Break Upside.
Entry :- 865 - 870
Stop Loss :- 828
Target :- 940 (If It Directly Breaks out Above Resistance, Then You Can Hold It More) Because It Is Consolidating Heavily In Weekly Chart.
(Risk Must Be Managed.)
Keep Your Eyes On Index
😜Follow For More ✔
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--Any Suggestions--
#Oct13 - TATACHEM (intraday)The stock has been trapped in a channel for a long time. So wait and trade the breakout at these levels :-
Buy above 305
Sell below 298.9
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me on tradingview to get such intraday and swing picks everyday.
Happy Trading!!
LICHSGFIN | Flag breakout and nice consolidation - Can see 7%LICHSGFIN | Flag breakout and nice consolidation - Can see 7%
CMP : 280
SL : 271
Target : 300
#Adanient 1:3 Risk RewardAdani Ent peaking above the Rectangle consolidation, a break of today's high will be a good entry point to target a 3X reward on the Risk
ICICI BANKICICI Bank has consolidated in the range of 340 to 380. Moving average band suggest the bullish trend formation.
Stock is in short term uptrend above 380.
There is high resistance at 390 and 415.
Suggest to book partial profit at these levels if you have positioned it at below levels.
If there is good momentum in NIFTY and BANK NIFTY and if it sustains above 420 we can see the next level of 445, 480 and 490.
At 490 major correction expected and suggest to exit all position.
ADANIENT Long idea Adanient was consolidating in a range and gave closing above resistance area , looks good above 311 levels for the targets of 322
ICRAA perfect stock in this falling market where everyone is worried about their investments and portfolios turning red.
Lets understand the points:-
1) A beautiful price action where it broke out came down and then consolidated for a while and now ready to pickup the pace.
2) Price broke the resistance and as we all know previous resistance turns into support and in this chart also it is reflecting the same.
3) Break and retest is one of the most common phenomenon now a days reflecting it beautifully.
4) Consolidation at support level. Made a zone where people gathered all the quantity.
I hope all the points will help us understand how this trade can be a beautiful trade.
Fingers crossed Keep an eye folks. Happy Trading Cheers.
Disclaimer: I am not SEBI registered. Please trade with your own risk and trade carefully.
