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Consolidation

RALLIS - 2.5 Years Downtrend BreakoutRallis India Ltd 1) Time Frame - Weekly. 2) The Stock has been in a Downtrend since (June, 2021). Now It has given a Downtrend breakout & Closed above it's (December, 2022) High with strong bullish momentum candle & with Huge Volume in Weekly Time Frame. 3) The stock will move towards It's Life Time High price (362.60) in the long term. 4) Since the midcap and smallcap index are under selling bias & It's a 5000 Cr Market Cap company, One need to be cautious & should keep the Stop Loss tight In case of any sudden selling in the stock. 5) Recommendation - Consider Buying it with tight Stop Loss.
NSE:RALLISLong
by SHRIHARII
DATAPATTNS - 5 months consolidation / Downtrend Breakout Data Patterns (India) Ltd 1) Time Frame - Daily. 2) The Stock has been in a downtrend / consolidation since (September, 2023). Now It has given a breakout & Closed at it's 5 months High with good bullish momentum in Daily Time Frame. 3) Option 1 - With the strong 5 months consolidation breakout in Daily, Buy at this current level. Option 2 - Wait for the strong weekly candle's close above the price 2175.40. 4) Next target will be it's All Time High (2485). 5) Recommendation - Strong Buy
NSE:DATAPATTNSLong
by SHRIHARII
GTPL | Weekly Chart | Cup and Handle Pattern | 16 months BOChart analysis: Pattern: Cup and Handle pattern is formed and currently after BO the consolidation is happening. Breakout: C&H pattern is broke the 16 months High. Volume: Volume build up is happening indicating the big player are continuously buying the share. RSI: Bullish crossover happening indicating the BO of consolidation phase Trade setup: Waiting for BO Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
NSE:GTPL
by SanjogY