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RVNL, don't miss this super setup, must check.Hello traders, RVNL is near to 14 month old consolidation breakout, don't miss this railway stock. all the details are mentioned in the chart. don't forget to like and share. it motivates me to post more super setups like this. below setups in related ideas are those which we caught move as big as 120%. check my other ideas to get to know about all the successful trades based on price action. Thanks, Aniket. keep learning and keep earning.
Editors' picks
NSE:RVNLLong
by Aniketyourtechnicalanalyser
31
HAPPSTMNDS offering good RRHAPPIEST MINDS Chart Structure: - Stock is in a continuous uptrend. - Stock took a breather of 13% after a 58% up-move. - Currently stock is consolidating at a 10% range. Volume: - Stock trended up with huge volume activity. - During consolidation around 40 lac shares were delivered from 23-29 July. All days delivery is above average. - On 20th August, there was a delivery of 7.30 lac shares - By looking at Volume bars, the supply looks exhausted. Relative Strength: - Stock is outperforming both its sector (NiftyIT) & Nifty50 in 1W, 1M, 3M & 6M - Stock is also outperforming Midcap Index. - Spread Chart breakout happened today. Financials: - In Q1, sales grew by 11% QoQ & 30% YoY - PBT growth was -2% QoQ & 46% YoY - PAT growth stood at -5% QoQ & -29% YoY Other Positive Highlights: - At CMP, the stock is offering excellent RR. - Given the sectoral tailwind, the stock is also expected to perform well. Good stock to study & keep an eye upon.
Editors' picks
NSE:HAPPSTMNDSLong
by AmanSaraf
15
AU Bank Breakout candidate.Stock tried to break out then failed. Came down. As expected with down move came big volumes. How ever the last bar ( Green Arrow ) before pullback was with highest volumes in later end of the down trend, Usually it looks bearish but it is trend reversal because market makes wont short at such lower levels. Then comes the pullback ( purple arrow ) with small bodied candles everyone was waiting for a big red bar to go short. No one is thinking of going long. Many would have shorted here in anticipation of follow up selling. But there is big green bar ( Blue arrow ) with volumes. Now stock is consolidating just below major breakout level. This is how Weak Longs were kicked out from the trade. Now stock approaching the resistance third time with higher lows. High chances of breakout.
Editors' picks
NSE:AUBANKLong
by varadtambolkar
23
NIFTY METAL INDEX time and price analysis.Nifty metal Index now at 5770 Time Cycle 1 , Based on Fibonacci extension,, Price wise the extension of 1.618% of last down swing have now extended to maturity levels,, ended this week,, Price wise the extension of 1.618% of last down swing is around 5971 levels,, still 2 to 3% move is pending.. So price and time squaring around the same point in trend,, when ever such scenario happens ,, trend change can be seen. Time cycle 2 :- weekly time cycle of 188 bars Calculating from last 2 swing peaks,, index is making peaks after interval of 188 trading weekly bars,, Now this time 188 trading weekly bars mature in second week of august month,, which indicate a peak for this up trend if we go as per past history.. Bearish divergence,, Price is making higher high, where as RSI and MACD Indicators are not able to make fresh high and are infact making lower high,, giving bearish divergence,, RSI have given breakdown from rising channel formation and is continuously trading below the breakdown levels,, MACD have also given bearish cross over from the peak and still is not able to regain it positive stance with the recent upmove,, Elliot wave :- Index is in impulse wave 5 of impulse phase,, which is considered as euphoric wave,, so if corrective phase ufolds going further ,, than good retracement of the current upmove can be seen it's time to be cautious in metal sector,,, Trend change possible soon...
Editors' picks
C
by RUDRA007
25
good bullish structure for long-term pick!indusindbk : 981 trade set up: 1. buy above 1062 2. keep stop loss as 908 on closing basis 3. short term targets 1130/1366/ long term targets 1598/1783/2000+ technical buy setup : 1. symmetrical triangle pattern 2. trendline 3. breakout concept. note : stock is trading more than 52weeks on lower trendline support , forming consistent month on month higher lows .volumes are significantly high on bullish monthly candles and below average or dry during selling . recent results ( Q ON Q ) also good enough to pick for long term .
Editors' picks
NSE:INDUSINDBKLong
by HARMONICSANAND
18
MANINDS, perfect swing setup with multiple reasons to take entryHello traders, MANINDS gave a perfect monthly TL BO and is to longterm resistance, can be a good swing/positional pick above 163 for safe traders, risky traders can enter as daily closing done above 1 small resistance and also above long term TL. rest details and reasons to take entry given in the chart. check my other ideas to get to know about all the successful trades based on price action. Thanks, Aniket.
Editors' picks
NSE:MANINDSLong
by Aniketyourtechnicalanalyser
25
DLF is getting ready for breaking 11 year old highsI had previously given DLF for an entry above 313 for a target of 330. The target was well achieved. Now if you see 23rd July candle, it has managed to close above previous high of March with a hammer candle and good volumes. On a monthly chart the stock has not been able to give a good closing above 326 since November 2010. So if you see all the signs, the stock is looking bullish to break 11 year old highs and ready to test 397 level. Buy DLF above 340 for a positional target of 397.
Editors' picks
NSE:DLFLong
by tanya151181
69
IBULHSGFIN, Role reversal of support & resistance (Study)IBULHSGFIN has zone highlighted in yellow (251-258) which acted both as support & resistance during last 2 years. This is beauty of Price Action where role reversal happens as price moves around these zones. One should focus on identifying support & resistance zones which can come in many forms. 1. Horizontal Lines 2. Trend Lines 3. Fibonacci Levels 4. EMA / SMA 5. Gaps 6. Pivot Points Correct understanding of SR levels pave a way for successful Price Action analyst. Also highlighted in this chart is Ascending Trinagle formed by IBULHSGFIN , breakout from the level and then pullback to neck line. Hope this article help in your learning. Thanks Piyush Gupta Learn & Earn
Editors' picks
ILong
by Piyush-Gupta
33
IG PETROAbout Rounding Base.. The rounding bottom pattern, also known as the "saucer" or "bowl" is a longer term pattern that is usually identified using a weekly chart. Typically (62% of the time), there is an uptrend prior to the rounding bottom. Prices then begin to fall, followed by a shallow bottoming process, and then prices begin rising at a steeper grade creating the visual appearance of a bowl or the letter "U". The left side of the bowl where the pattern begins is called the "left lip" and the right side of the bowl is called the "right lip". Usually prices hit the right lip at approximately the same price level as the left lip and begin trending sideways or retracing downward to create an area of consolidation. Aa buy signal is triggered when prices close above the resistance line drawn from the left lip to the area of consolidation formed after the right lip; or if there is no right lip, then the price level of the left lip is used as the resistance line. The average gain for a rounding bottom pattern breakout to the upside before any 20% correction is approximately 43%. Price of the Right Lip of Pattern + ((Price of the Right Lip of Pattern - Lowest Price in Pattern) * 57%) Traits that Increase the Historical Effectiveness of the Rounding Top and Bottom Patterns Taller patterns perform better Rounding bottoms within a third of the yearly high perform best Rounding tops perform better with higher breakout volume Rounding tops with breakouts that are gaps have larger price moves Rounding tops within a third of the yearly low perform best About Rising 3 Valley Psychology of Rising 3 Valley The market psychology of the pattern is as follows: A significant trait of an uptrend is that the trend makes higher highs and higher lows. The second peak in pattern is a higher high. The second valley after the first peak is a higher low. The definition of a new uptrend is complete. The second peak is a higher high which confirms the uptrend. Once prices break above the second peak high, traders buy expecting that the next peak will be a higher high thus confirming the uptrend yet again. Averaged maximum gain before a 20% retracement is 41%; and that prices pullback to the breakout signal price within 30 days 60% of the time. Three Rising Valleys Upward Breakout Price Target: High Price of 2nd Peak + ((High Price of 2nd Peak - Low Price of 1st Valley) * 58%)
Editors' picks
NSE:IGPLLong
by VibhutiSharma
39