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Contraction

JTEKTINDIA - RARE CHART WITH 6 CONTRACTIONS & BREAKOUTHi All, This idea is about JTEKT India Ltd Fundamentals Market Cap - 5661 Cr Stock PE - 55 ROE - 13.6% ROCE - 17.3% Promoter Holding - 75% MktCap/Sales - 2.5 Quick Ratio - 1.12 D/E - 0.14 Technicals Rarely it is observed that a stock goes through 6 contractions before going for a breakout from a rising wedge channel. This is a weekly chart & only meant for long term investors. Each contraction is marked by how much percentage the stock corrected before making a top again. Over 5 years the stock has made multiple High tops and high lows and now attempting to move out of the channel This chart can be used for education purpose also to understand the dynamics of supply and demand Happy Trading, Thanks, Stock-n-Shine
NSE:JTEKTINDIALong
by Stock-n-Shine
1
A huge wedge pattern with long consolidation in betweenThis pattern has 250++ bars or 1 year+ data. it is sustaining above fib level 0.5 or 360-365. There is a supply-demand conversion zone( golden) where it may face resistance. Entry should be after a bullish candle at the golden zone or above 400(round level). Next, there is hidden trendline (dashed) , which will act as a resistance. How to trade? initiate trade with a less quantity(60%) at the round level & when it touches the hidden trendline, retrace back to the 0.5 level from the previous swing , and add more. medium-term targets- 460, 520 SL-just below fib 0.5 level. Happy Swing trading
NSE:LICHSGFINLong
by mahhisingh
ASPINWALL - Explained my thought process💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲 🔰Storytime : This stock from 28dec till 20 may create a good channel pattern, which was contracting and consolidating. With a BO on 4 march of inverted HnS or triangle pattern, anything is ok. gave 30% in 2 days. Means stock BO is a mover fast one :) just have to catch them. On 15 march stock came back to its original channel coz of breakdown and again respected the channels support line on 19 march + a good pin bar on 6 May = bullish. On 12 May the stock tried to Break the pattern again but gave a super bearish hammer. So basically it does not want to go down either up = range bounded. on 20 may the stock again pop out of the channel and finally ready to go up, but the candle is again indecisive. To date, the stock is above that channel contraction pattern = good support now from those levels. Also on 16th June, it gave a good BO but still a rising resistance trendline is there to hold it back, if in some days including today it breaks this line (the yellow one) amazing north move. 🔰 {Some info about me} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:ASPINWALLLong
by Averoy_Apoorv_Analysis
6
HEG VCP Trade. Pivot currently in progress.Disclaimer: This analysis is posted as my online journal for educational purposes only. This is not a buy call. As you can see in HEG's chart above, it has risen 291% in 22 weeks and it has now experienced 3 tight contractions C1, C2, C3, with the C4 currently being in progress. The C2 contraction was half of first, but the C3 was 18.5%. The last contraction C4 now ( the week just started today) seems to be forming in a less than 10% range. (Hopefully this tight range is maintained for the running week.) Another positive sign is that the pivot range is forming above the centre line of the first contraction. Contraction's less than 10% in the final contraction means that the stocks supply in the market has diminished considerably and the daily volumes are confirming this with below average numbers. Whenever a huge demand will occur, it's very likely that the price of HEG could explode. Will HEG explode or turn out to be dud ? Will it experience a shakeout of weak hands ? What are your thoughts ? Watch this space for updates. Thank you for following my work. Please feel free to share your thoughts, critiques & suggestions. Trade Wisely & Trade Well. Disclaimer: The content provided is my personal experience sharing through technical analysis studies. The content can only be used for education purposes and is NOT a recommendation for buying or selling stock. Please consult your financial advisor before making a decision. Trade at Your Own Risk.
HLong
by amar_gr
AUBANK - Contraction pattern below a very good support trendline🔰 MY thought process : ⭐Elliot waves for the uptrend ended while giving it an ATH now it has broken a serious trendline = downtrend but it's on its monthly support zones which were used to be resistance zones :) ⭐Also at 0.3 fibo so and making a good contraction pattern below the good uptrend line and 50dema, A buy would be initiated if it breaks the consolidation with power :) ⭐Risk will be: if it breaks the trendline for below = SL, Targets : at least ATM 🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :) Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :) 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:AUBANKLong
by Averoy_Apoorv_Analysis
9