Symmetrical Triangle Setup With Consolidation about to BlastNSE:INDIGOPNTS on the Weekly timeframe is making a Symmetrical Triangle setup that can break on the upside because the price has been consolidated for the past 14 weeks in a Narrow Range after Getting Accumulated Near the Key Zone, Followed By a Volume Blast.
A Close or Breakout of the Setup Next Week will be confirmed if Followed by Similar Volumes.
Keep this on your Watchlist. Meanwhile, Check out my other stock ideas below until this trade gets activated. I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Consolidationzone
Just A View - VBL📊 Script: VBL
📊 Sector: FMCG
📊 Industry: Food - Processing - Indian
Key highlights: 💡⚡
📈 Script is trading in consolidation zone since last few trading session.
📈 Script has to give breakout or breakdown to came put of consolidation zone.
📈 For breakout script has to give closing above 1644, and for breakout script has to give closing below 1578
KEEP AN EYE ON STOCK
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Keep An Eye - Consolidation Zone - QUESS📊 Script: QUESS
📊 Sector: Diversified
📊 Industry: Diversified - Large
Key highlights: 💡⚡
📈 Script is trading in consolidation zone at support.
📈 Script has to break either resistance of 640 or support 620 make it or break it.
📈 Keep An Eye on stock for Breakout or Breakdown.
⏱️ C.M.P 📑💰- 626
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Keep An Eye - ORIENTHOT📊 Script: ORIENTHOT
📊 Sector: Hotels & Restaurants
📊 Industry: Hotels
Key highlights: 💡⚡
📈 Script is trading in consolidation zone from last 17 days, 140 is resistance level.
📈 We may see rally above 140 level.
⏱️ C.M.P 📑💰- 134
🟢 Target 🎯🏆 - 153
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
BALAJI AMINES - Bullish Consolidation with VolumesNSE: BALAMINES is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 13% to 20% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Keep An Eye - COLPAL📊 Script: COLPAL
📊 Sector: FMCG
📊 Industry: Personal Care - Multinational
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages is giving crossover.
📈 Stock is under Consolidation Zone highlighted into chart breakout is above 2624 level.
📈 Right now RSI is around 60.
📈 One can go for Swing Trade only above 2624.
BUY ONLY ABOVE 2624
⏱️ C.M.P 📑💰- 2606
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
OIL - Bullish Consolidation with VolumesNSE: OIL is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Consolidation in HeritageFood - Hourly Time FrameThe stock of HERITAGEFOOD is currently consolidating within a 1-hour timeframe. There is potential for a breakout in either direction. This situation presents a trading opportunity. The long-side target is at 275.8, with a stop loss set at the middle of the range, which is 249. On the short side, the target is 226.55, and the stop loss remains the same at 249. This configuration results in a risk-reward ratio of approximately 2.7 on both sides.
NMDC in consolidation stage Short term :Both side movement possible ...check on chart at first.
Enter at 102 to 104
Target 123 till Oct 2023.
Strong SL 98.75
92.5 is trend support for this counter so you can enter from this level also.
If it will close one daily candle above 125 then it can be reach 149 very quickly and 149 is major resistance for this counter.
(This chart is on request of one of the follower.)
intradayBoth side potential.
consolidating in small range
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
TATAPOWER - Volume Spike with a Strong ConsolidationNSE: TATAPOWER is closing with a strong volume spike
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
GATI: Consolidation with a patten repetition of June'2020NSE:GATI I am seeing few interesting observations:
It looks like a fresh EW wave formation started from 20/06/2022, after completion of previous wave since June 2020.
Now the current wave-1 replicates the same price-action of June'20 to Dec'20, starting from June'22 to till date.
It can be viewed as a Pole-and-Flag also, where the price action moves up and then consolidating. We are actually now a consolidation phase.
It can be viewed as a W pattern as well (shown as dotted W with a dotted neckline).
Support is at 158 level; Resistance is at 190 level. It's presently neutral, consolidating. So neutral as of now.
Route Mobile: Consolidating Route Mobile:
Symmetrical triangle formation (shown as bold green and red lines)
The current price is in consolidation zone (shown as the violet color rectangular box).
So one has to wait for the rectagular box breakout with volume at the price level of 1442. SL is the box's low: 1320.
Upside target can be 1480.
ALKEM - Inverted Hammer with VolumesNSE: ALKEM is closing with an inverted hammer candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
Kolte Patil getting ready for big moveKolte Patil after similar consolidation as past ready for big movement. Earlier supply zone is now tested and acting as support now.
RR is very favorable from here.
Disclaimer : This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.