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Consolidation

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
NSE:ALEMBICLTDLong
by rajesh066060
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.
NSE:TECHMLong
by srikartiram
8
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.
NSE:RAYMONDLong
by LearnersParadise
9
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.
NSE:RATNAMANI
by LearnersParadise
2
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
NSE:SRFEducation
by LearnersParadise
6
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.
NSE:BAYERCROPLong
by LearnersParadise
5
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!!
NSE:MGL
by ReeAishw