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Continuationpatterns

BALUFORGE - Is it time for the Surge? Technically, this is a continuation consolidation. Usually Wave 3 which is about to start is considered to be the longest. So fingers crossed🤞. Balu Forge Industries Limited is a leading Indian company that manufactures crankshafts and other forged components for various industries. The company was founded in 1989 and has since expanded its operations to become a preferred supplier of crankshafts to OEMs in India and around the world. The forging industry plays a crucial role in supporting various sectors, including: Automotive: Forging is used to manufacture critical components such as crankshafts, gears, and axles. Aerospace: Forging is used to manufacture lightweight, high-strength components for aircraft and spacecraft. Energy: Forging is used to manufacture components for wind turbines, hydroelectric power plants, and nuclear power plants. Construction: Forging is used to manufacture components for heavy machinery, such as excavators and bulldozers. Balu Forge caters to these sectors by manufacturing a range of forged components, including crankshafts, gears, axles, and other critical components. In terms of market position in India, Balu Forge is a leading player in the forging industry, with a strong presence in the automotive and aerospace sectors. The company has a market capitalization of around ₹8,962 crore.
NSE:BALUFORGELong
by CannySunny
3
SHILPA MEDICARE : Breakout Candidate - Swing Pick#SHILPAMED #breakout #chartpattern #vcppattern #trianglepattern #continuationpattern SHILPAMED : Swing Trade >> VCP pattern Visible >> Ascending Triangle Pattern which is a Continuation pattern >> Trending Setup >> Good Strength & Volumes >> Low Risk High Reward Trade Swing Traders can lock profit @ 10% and keep trailing Note : In the Current market scenario, Setup's can fail easily so Trade only best Setups with Good Risk Management and proper Position Sizing Disclaimer : This is not a Trade Recommendation, Charts shared are for Learning Purpose. Do not take Positions without consulting ur Financial Advisor
NSE:SHILPAMEDLong
by moneyfesttrading
1
Dixon TechAfter a good consolidation period the stock is ready to give breakout. one can start accumulation. Also entire IT sector is starting to move which can lead not only pump in IT stocks but also a good moment can be expected. Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:DIXONLong
by stockartx
Bullish flag pattern reversal in TATACHEM.TATACHEM Key highlights: 💡⚡ 📈 On 1D Time Frame Stock Showing Reversal of Bullish flat Pattern . 📈It can give movement upto the Reversal target of 1190+. 📈There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this stock can gives strong upside rally upto above 1375+. 📈 Can Go Short in this stock by placing stop loss below 1120 or last swing low. 📈 After breakout this can give risk:reward up to 1:3+.
NSE:TATACHEMLong
by TradZoo
JASH: Inverse H&S Continuation Inverse Head and Shoulders Continuation: This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head. The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above. The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline. TRADING STRATEGY: Buy on cmp add on dips & look for the target of 945 and above in the coming weeks. Maintain SL of 665
NSE:JASHLong
by TradingSutra