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Double Bottom

CIPLA Bullish ViewBullish double bottom pattern along with upside breakout in CIPLA, Add Cipla at 906 to 910 levels. Enter only if it retests, Trade with strict of stoploss of 880/875. Trade is risky as Head and shoulder pattern is also there but I believe It will trap more traders before going down. Also stock has given the breakout of 50 & 100 ema as well. Let's see Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions
NSE:CIPLALong
by hiebro
2
SIMPLE AND EFFECTIVE TRADE SETUP ON VARUN BEVERAGESFew pointers about my analysis of VARUN BEVERAGES : 1.The stock has been in a continuous uptrend with lots of bullish continuation patterns ,which is good for healthy upward trend, higher the no. of valid patterns better it is. 2.The stock just broke out of an ascending triangle pattern , which is again is a continuation pattern. 3.Volume spurt : breakout supported by decent volumes, supporting bullishness. 4.RSI breakout on daily chart and trading above 60. Short term view : Bullish Timeframe used : Daily Target : Use trailing SL or 50day MA Take away: entry has not yet been triggered , ideally one should wait for retest to enter. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
NSE:VBLLong
by saikrishna9999
FMCG GIANT GAVE CHANNEL BREAKOUT !HidustanUnilever - The FMCG giant has given a good breakout from its major channel pattern . Stock was in tight upward channel range since approx past 2 years ( Sep 2019 ) and now it has finally given a good breakout from the channel. Another critical point was that there was a Sub pattern also , which was Double Bottom which is also a bullish pattern. We all have heard about some of the famous brands like Dove, Lux, Lifebuoy, Pears, Hamam, Lyril, Rexona, Surf Excel, Wheel, Comfort, Clinic Plus, Sunsilk, Fair & Lovely, Pond's, Lakmè, Vaseline, Bru, Taj Mahal, Lipton, Brooke Bond, Cornetto, Kisan, Annapurna, Magnum, Close up, Pepsodent, and many more. You will be surprised to know that Its parent company is this giant- Hindustan Unilever. So its clearly a great fundamental company and its also bullish on technical terms. This was my honest and fair analysis only use it as education , trade as per your analysis or seek financial help from your advisor. Feel free to share your own views.
NSE:HINDUNILVRLong
by deswingmaster
1