Stock was in descending channel pattern for a long time and has broken it with a bullish momentum and was accumulating for few days the stock can touch to the support zone which is also a fib extension target, enter at current levels and place a stop at below the accumulation zone..
" EDUCATIONAL PURPOSE ONLY"..
#DEGO Entering on the confirmed breakout from the Descending Channel. on 1 hr TF.
Descending channel breakouts are usually breakouts on upside.
We have marked up OBV bullish divergence which shows prices may go up.
We have marked up RSI bullish divergence which also shows prices may go up.
This is for educational purpose. Consult your financial advisor before...
COTI has appreciated by more than 250% from its July low levels of $0.089. It gave a breakout after a week of consolidation between the range of $0.20-$0.24 and is currently sustaining above $0.30 from the last 3-4 days. This bullish rally can be attributed to the fact that COTI has been working on multiple products on the Cardano ecosystem and as the date of...
GKW Limited stock formed Descending Triangle Pattern which is a neutral pattern. So, we can expect the stock may go long or short.
Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcome
L & T Stock is just completed Head and Shoulders Pattern which is a bullish pattern, retesting also completed and formed Descending triangle pattern with breakout. So, we can expect the stock may go long.
Good buy for short term.
Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).
I am learning as...
WABAG Given a Breakout on Weekly Timeframe from its 5 Years Descending Channel and have the potential to have 92% upside in 1-2 years.
NSE:WABAG
Wait for Retracement and Enter on Lower Timeframe.
CHZ has been trading in a horizontal channel formation for the last 2 months. The sideways trend is still intact but at the time of writing, it is trying to breach its upper band resistance. On the weekly TF, CHZ has already gained more than 20% this week. Weekly MACD is also given bullish crossover which depicts that trend reversal can be expected in the coming...
Notes:
Airtel has been playing around the support zones for quite some days now. Expect a decent breakdown if it closes below 520. Aggressive traders might also make use of the break below 524 since its a really strong level for the scrip.
Can only confirm an upward break if it crosses the previous swing high,
Please note - Not a SEBI Registered...
look tcs breaks the resistance with a big bullish candle with good volumes yesterday and also today it forms a spinning top (indecision candle) ,so if tomorrow forms a bullish candle then go for long for swing traders. or wait for pullback then invest.
daily i'll post new ideas so
FOLLOW ME :) for more
Theta aims to decentralize video streaming, data delivery and edge computing ecosystem and is on a mission to make contemporary video streaming more efficient, cost-effective by means of an inclusive monetization model whereby viewers receive better quality streaming service, content creators enhance their earnings and video platforms save money on building...
NSE:CUMMINSIND
Notes :
Descending Parallel channel started around 17th March
To be on the safe side, I would confirm breakout only if the most recent swing high is crossed (at 858). However, for intraday, the immediate target after breaking the channel can be kept at the same level.
Please note - Not a SEBI Registered Advisor/Analyst. Only for...
icici bank form descending tringle pattern . also no momentum in stock now icici bank standing support area.
BREAKDOWN:- sell below only 634 stop loss 640
target 1 : 617 target 2 : 600 positional trade take time
UPSIDE ONLY ABOVE TRENDLNE BREKOUT above only 645
1. Buy above BO 140
2. TARGET 170/210
3. SL 120
Analysis:
1. Breakout happened on descending channel
2. Now It is in accumulation phase.
3. 2 times rejected at 140 level.
4. We may see the uptrend if it breaks the accumulation zone.
Disclaimer: This is educational purpose only.
Please share your thoughts in the comments section below.
MCX gold will keep moving further advance up to the targets of 50000 - 51000 levels. But after the first target, gold will try to take a reversal for 0.382 to 0.236 levels of retracement.
Long-term Targets: 51575 - 52492+
