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.
Voltas can be a good and relatively safe pick for medium term positional trading. Try to enter around 780 levels with a SL of below 740 DCB for minimum target of 920.
IPL gave a strong double bottom pattern breakout with good volumes. Good volume accumulation is seen at the starting of the second bottom of this pattern which is good sign . Now it is consolidating at a weekly resistance. This consolidation phase seen with good volumes. If breakout given at weekly resistance then a good bull run can be expected.
For the past 2 years, the price has been unable to break through the resistance. However, recently, there has been a significant increase in volume.
The stock just broke out of a double bottom pattern on the weekly chart, and it did so with a strong bullish candle. This could signal a shift in momentum or the continuation of an upward trend. It's a significant move worth keeping an eye on for traders and investors.
it has sucessfull history of m-pattern so here we are looking for short
In the Weekly Chart of OAL , we can see that, it is at decision making point and Hammer candle is created. We might see a big W shape recovery from bottom.
In the Weekly Chart of RELAXO, we can see that, it is at decision making point. Possible momentums are shown in chart.
For Educational Purpose.. ⚠️ I'm not a SEBI REGISTERED analyst & my view can be biased ⚠️ No Buy Sell recommendation, do your own Analysis. #SREEL (SREELEATHERS LTD) IS READY TO BUY LONG - Monthly Chart Shows W Pattern - After 9 Year Breakout - Last 2 -3 Month Volume Build up Waiting Time 3-6 Months Long Above - 375 SL - 340 Target - 400, 425 & Thank you
Balmer Lawrie & Company Ltd is extremely bullish with rising volume as visible form the chart . The financials of the company are pretty solid as well : 1. Rising PE 2. Increasing sales 3. increasing net profit 4. rising EPS Along with all this the company also gives pretty solid dividend as well. It is the stock to watch out for🚀🚀.
Bank nifty seem to have rejected the top levels with a sharp fall. it would now make sense if the stock remains out of channel. if support 2 is broken then BN will go down to fill the gaps. If support 2 is not broken, then a possible sideways market for few days. This Analysis is purely based on my own view, happy to share it with you all.
IRCTC has given multiple small breakouts recently. Now it is on for a major one! IRCTC made double bottom pattern after a long consolidation of multiple quarters. It has now shown good volumes interest in past a few weeks and is ready to give the breakout from its previous high of 758. Once that is done it will be out of lower highs trends and get into higher...
Hfcl formed double bottom chart pattern and breaks the resistance line, formed the decisive bullish candle, shows the bullish momentum for up side till 80.
For Educational Purpose only good above 977 for target of 1) 15% 2) 30% 3) 60% Also long term view above 2X SL Daily Close below 860 Analysis of Piramal Enterprise Chart 💹 Good to buy above 977 Good Breakout in weekly timeframe on 22nd May at present support confirmed on 0.618 fib golden level also good volume coming in this week also it form Double...