CMP- 2828
SL-2700 - 2730 (on closing basis)
Target - 3200, 3500
30/7/21
- Market structure negative making LH - LL
- Key level of support around 2700-2800
-Trading below all EMA's
- Fib retracement 0.38 zone
- Can se potential W pattern if price holds 2700 levels
- Price is near area of value
- Making a double bottom like pattern in the week
Keep strict SL to...
Previous rejections area and neckline of double bottom.
Breaking 313 level can be good upside move. Resistance turned into support and pushing price upwards.
NSE:MOTHERSUMI
This is for Positional Trade
Mothersumi is forming double bottom pattern same like it did before.
I have marked the formation of double bottom pattern and also the previous formation of it.
You can take position once the neckline will get tested for support. And then it will be easy target of 35-40 points up move in just couple of days....
LICHSGFIN | Double bottom with RSI divergence (W pattern) for 8% to 15%
(2 Hours time frame)
CMP : 466 (Dip : 459)
SL : 450
Target : 506, 535
Almost 1:4+ risk reward setup
This is a small seperate trade, old weekly chart is still good for long time. Consider this as a seperate new trade
IT Index is in full swing again. After a success in Mindtree now I am bullish on Tech Mahindra for a swing Trade. Don't Miss at these levels, ready to fire. HCL Tech is also looking good for Swing Trade
Feel free to share your feedback and queries. Do check my profile for previous posts and follow me for upcoming ones.
Technical Analysis with Chart Patterns
1. Uptrend
2. Double Bottom chart pattern in Daily Timeframe
3. Breakout supported by successive buying volumes
BUY Calls
1. Wait for a pullback as shown on the chart to reduce stop loss
2. Buy on the rebound after a pullback
TARGET
Crossing 5000 and above till 5200
Day pattern is doji with trending monthly cpr & supports in 1hour candle with rsi lower lows strength increasing.
1:3 RR
Go always with self-evaluation & Measure the Risk .Avoid FOMO
NSE:CNXREALTY
Nifty Realty Index extremely bullish.
Breakout and beautiful retest.
Inverse Head and Shoulder Pattern.
Double Bottom Pattern.
I would appreciate your thoughts on it.
PS. - I am not SEBI registered. This is for analysis and educational purpose only.
The stock is showing interesting price action. From here on, wait for volumes to drop very low, or wait for the price to breach the short term upper resistance (whichever happens early), and then take entry. Price action explained on chart.
Mkt Cap ~ 600Cr
D/E ~ 0.1
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of...
Gillette, stock has not performed according to the monopoly it holds, now it is ready! Double bottom with volumes increasing near BO levels...targets for short term are mentioned. P.S - Delivery % is up 8times.
It is consolidating within a range (112-130) forming a textbook Flag pattern on D, W & M charts; also a Double Bottom in W charts can be seen. Short term targets are mentioned although it can be a great investment idea.
