Ongc has formed a cup and handle formation. Ready for a breakout. Any close above 122 will lead to multiyear breakout and stock can rally further.
Pattern within a pattern. Huge accumulation over a year and a half. Good delivery volume seen in the last few days. Any positive development could take the stock higher above the all time high. Moving along with sector. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a...
Retesting after cup and handle breakout in canara bank. RECOMMEND Strong Buy for SHORT-TERM target of 196. Sl:150. Horizon: 15 days, all Oscillators are positive. CANBK Important Levels to watch: RESISTANCE:171.49 RESISTANCE:168.06 RESISTANCE:165.94 SUPPORT:157.78 SUPPORT:155.66 SUPPORT:153.54
The stock is forming multiple patterns on weekly as well as daily charts, with good volume inflow. In January it staged a failed breakout, and went down forming a down trending channel of 6 months (also the Handle of the log term C&H Pattern). After yesterday's earnings result, it broke out of the channel, and followed up with great price action and even higher...
- Amazing Breakout pattern - Cup and Handle - Increase in Volumes with bullish momentum in price - Entry can be made if it retest the 1680 levels - Don't chase the stock
The stock attempted couple of failed breakouts in March while being under accumulation on big volume bars. This time around the stock is up on earnings. Along with volume there's big momentum in broader market, Nifty is scaling all time high, sentiment is bullish. We can see a good breakout soon. Moving along with sector. SL: Depending on your risk appetite:...
This is purely educational purpose . Dont take any trade on my view . Still Learning;)
VGUARD (Weekly) : CMP : 270 Breakout with good Volume. Broke Resistance. Target : 360 (33%) Duration : Few Weeks weak below : 235 (-13%) (Weekly closing Basis) For Educational Purpose only.
1)resistance zone is very crucial , 2)formed on all time high 3) if this level breached than we can expect a big sharp up move for a short term
in weekly time frame forming cup and handle pattern, breakout good up move expected. my target 130 for upcoming month
Federal bank cup & handle pattern formed in weekly time frame. Buy and hold for 97
IOLCP is making cup with handle pattern
INDIGO Forming Cup with handle
#BEL Being in consolidation for a long time BEL formed a cup and handle pattern which helped it to break out. After breaking out, it has re-tested the demand zone and is definitely a good time to buy. Educational purpose only - trade at your own risk. Good luck.