Get started

Double Top or Bottom

Chennai Petro - Multi Year BreakoutCant 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 441-445 T1 - 478 shorterm T2 - 557 midterm T3 - 700 Long Term SL - 424 Fundamentals for Value Investors Strong Annual EPS Growth High Revenue and Profit Growth with High Return on Capital Deployed (ROCE) and Low PE ratio Effectively using its capital to generate profit - RoCE improving in last 2 years High growth and High Return on Equity (ROE) with Low PE ratio Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Strong Momentum: Price above short, medium and long term moving averages Annual Net Profits improving for last 2 years FII / FPI or Institutions increasing their shareholding
NSE:CHENNPETROLong
by MoneyMentors
IRCTC - Ready to breakout again!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 highs - higher lows pattern. CMP: 740 Breakout level: 760 (751 will give the breakout but it will have another resistance at 760. So its better to take 760 as the breakout level. target: 870 SL: 738 Hope you make a lot of wealth. Remember: Skilled knowledge is the most precious wealth! Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
NSE:IRCTC
by anuragcoma15
1
Piramal Enterprise Bullish IdeaFor 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 bottom which is bullish pattern in Daily time Frame and breakout its neckline for reference Look at the chart images This analysis is For Educational Purpose only
NSE:PELLong
by Sabakarim
13th Dec ’23 - BankNifty does a W pattern on the ascending trendBankNifty Today’s Analysis The opening candle in Banknifty had a swing range of 189pts ~ 0.4%. That candle looked dangerous and I really thought we would have a deep RED day today. Quite interestingly, BN made a W pattern right at the top band of the ascending channel (see the 63mts chart link also). 4mts chart link - click here Once BN got caught in that channel envelope, it was blindly following that path. The final close is at -0.01% - it cannot get more flat than this. The W pattern may change the dynamics for tomorrow - usually, it favors the bulls. So we need to wait and watch for the first hour or so tomorrow and then decide. From an expiry trading perspective, the OTM options really did not have any premium to start with. The opening moves gave some rush and then the reversal by 12.31 also gave some boost to the strikes. 63mts chart link - click here BankNifty has entered the ascending channel and from a medium-term perspective, it all looks bullish to me. For tomorrow, I wish to start with the neutral stance and then change course as the price action develops. Falling below 46565 is bearish to me.
NSE:BANKNIFTY
by viswaram
Ready for breakout - EID ParryEID Parry has made double bottom after about a year of consolidation. Now it is ready to give a breakout which will break its lower-high pattern and give a boost for new highs. Stock has seen good volumes during past a few weeks, giving confidence for a breakout soon. CMP: 565 Breakout level : Today's high (579) SL: 560 Targets : 540 / 700 Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
NSE:EIDPARRYLong
by anuragcoma15