1. Double bottom pattern breakout with good volumes. 2. Multi year breakout with good volumes.
HDFCLife formed a double bottom and created a bullish engulfing candle on daily time frame on 4th Jan. The stock is trading near demand zone and if holds these levels, we expect to see a good upside. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
1. Set up: Double bottom 2. Price trading at 75% discount (pullback) 3. RR 1:5+
1. The stock gave a good strong breakout after 15 years. 2. Double bottom pattern breakout is seen monthly chart. 3. Cup and handle pattern breakout is seen in weekly chart. 4. A good volume accumulation is seen at the bottom of the cup formation. 5. After giving breakout stock retraced to the breakout level and bounced back with a strong bullish candle.
SPARC | Technically very good setup to capture a 50% rally in short term Trendline + W (Double bottom) CMP : 226 (Dip : 200) SL : 180 Target : 335
NBFC are showing strength in market. Here is new company from the sector of NBFC. Fusion micro Finance has given breakout of Ascending Triangle Breakout and Double Bottom breakout also. Buy fir big Target
🚨 Heads up, traders! Nifty has formed a double top pattern right at the peak. While we hesitate to scream "downtrend," signs point to a potential correction. 📊 Technical Breakdown: 1. Initial confirmation with a neckline break. 2. Crucial retest completed for added confirmation. 🎯 Targets & Stoploss? Refer to the chart for specified levels. Brace yourselves...
Technical Analysis: RITES has been consolidating in a robust rounding bottom pattern, a structure widely recognized as a sign of healthy consolidation. The stock has spent approximately 4 months forming this pattern, indicating a strong foundation for a potential breakout. Rounding Bottom Structure: A rounding bottom is a bullish reversal pattern that signifies...
Refer our old idea attached below. . Midcap stocks are going to boom. long term investment; min 40% return. huge potential is there. investment ; Wait for retracement. if you are interested in investment, go for it with small risk, . . . more than that " Deepak Nitrite " is fundamentally good. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on...
#ITC cash 01.01.2024 Make or break level 473 (Rounded Bottom formation) ITC cash above 473.10 will go 498-500/520/545 Cmp 468.05 (Either it wont break 473 levels or if closed or trades above it will be bullish)
TechMahindra has made double bottom and once the neckline breaks we can expect a movement beyond 1550. How to trade: Option 1: we can trade now as it is following 20EMI till the neckline i.e.1311 and then once it breaks the neckline we increase position size Option 2: Let's wait till neckline is broken (conservative) and we can also wait once it breaks neckline...
Namaste! Currently, Nifty is trading near very important levels. This was the important resistance (because of lot of consolidation happening between Jun-July 2021), which became a support after the breakout. It has been tested twice since the July breakout. S&P 500 fell into bear market yesterday as far as daily close is considered. But, I am not convinced 100%...
Redtape- VCP SG Lottery new (No Change Required) SG ema 320 weekly Testing, Pitta Volumes, VCP 1) W pattern in formatin 2) Buy 50 now 3) Rest in case it touches new low
Reliance spot at 2600 Weekly time frame Horizontal resistance as per previous life high levels, from where counter have changed trend in past, Bearish wolf wave or wedge can also be considered as per formation. Need to keep close watch on price action on daily time frame, if counter is not able to breakout and sustain above life high levels, can retrace around...
Double Bottom Breakout in counter on Monthly Basis Take Entry 95-98 Target 1 - 109 Target 2 - 122 SL - 88
Beautiful Double Top Formation on monthly charts. Stock might go for a Triple top Formation in the coming months. Good Point to Buy Between 129-113. With SL of 101 Stock has good support at 113. Fundamentals also look above average. Holding time 6-8 months for targets 181/228/280
Cant Miss this Breakout !!! Look Closely Counter is breaking multiyear High of Nov 2007 and Oct2017. Forming a Double Bottom as well in this Process. The Oil & Gas Index has also given a monthly Demand Zone Pull and the Index itself is moving +500 Points. This is supporting my logic Should go a Long way if the breakout above 445 sustains. Take entry at CMP...
The stock is slowly gaining positive momentum on the daily & Weekly charts. It has formed the double bottom on daily charts. RSI is in bullish trend on daily and weekly charts. On moving average front 20 DEMA has crossover 100 DEMA. One can made trade at CMP with SL 7200 and Target 8000.