The stock has a history of making doublt/tripple bottom and move about 600 points. It has been repeated twice. Let's see if this repeats this time as well. Currently stock is forming a base and created a double bottom pattern breakout of which is still awaited. DISC: For educational purposes only.
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. 1. Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. 2. The breakout...
Setups are a very small part of what is necessary for a complete trading system, yet people still claim their setup conditions are their systems. When you see the setups in stock, you have an increased probability that the stock will go up. But it is through position sizing strategies & managing the ratio of risk to reward throughout the trade that produces great...
Hi guys, I have finally completed the thread on Fibonacci (Though it took longer than usual). I have tried with the best of my little knowledge to create this thread. This has everything you need to know about Fibonacci retracement and Fibonacci extension. Also, if the thread is free that doesn't mean I have compromised with the quality. All you have to do is just...
CNX Realty Testing 10 year consolidation--> Oberoi realty--> Sobha --> Godrej Proprties in 6 month cosolidation --> Phoenix Ltd --> Prestige Estate--> DLF testin 10yr levels -->
Underlying logic: 1. The market already gave 11% in the impulsive move and created a high. Obviously, the momentum was fading out. 2. If you recall my lecture on market structure, you already know that after the creation of a high, we must come down to create a new higher low. The market cannot keep making new highs without creating a higher low. 3. There was...
About 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...
Key Highlights: 1. The price has been moving in this parallel channel since 22 April and has been constantly creating Higher Highs & Higher Lows. 2. It has been trying to find the equilibrium between 15450-15900 levels. If you are a swing trader, you must wait for the price to break out or at least touch either side of this range. 3. Until and Unless the price...
Classic cup & handle formation on daily time frame , with a breakout above the neckline of 579. One should buy the stock on cmp i.e. 585 & add on dips . Maintaining a SL of 562 target for the region of 612 as a first tgt & 640 for the second tgt.
What Is a Rounding Bottom? • A rounding bottom is a chart pattern that graphically forms the shape of a "U". • Rounding bottoms are found at the end of extended downward trends and signify a reversal • It is also referred to as a saucer bottom • Ideally, volume and price will move in tandem. Parts of a Rounding Bottom: A rounding bottom chart can be divided...
trade setup 1.buy above 3350 2.keep stop loss as 3250 on weekly closing basis 3.target 3700+ short term buy technical buy based on 1. cup and handle 2. multiple timeframe price breakout 3. good volume near breakout
Multi Year Breakout !! Positional and Investment Pick !! Don't Miss at these levels. Fundamentally very Sound.
CEBBCO Weekly: Looks good for more upside above 31.0 1) 6 Yr Resistance Line BO 2) Cup & Handle BO 3) Commercial Vehicles Body Manufacturer
CDSL : Ready for Breakout after Consolidation Flag Pole Breakout Possibility Long above 1000 with SL 983
buy above 315 in intraday and positional for positional stoploss - 285 and target1 355 For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as...
Key Highlights: 1. Bullish market structure 2. Volume expansion 3. Trendline breakout 4. Flag & Pole formation 5. Support zone: 1073-1098 6. Target: 1197, 1245, 1352, 1409, 1489. 7. Stop loss: 1070 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for...
CIPLA (4 HR):- 974.6 CMP LOOKS GOOD FOR MORE UPSIDE :) 1) C&H BO. Candidate :) 2) Volume + RSI BO.
After rally of Asian Paints and Berger Paints , it may be possible that Nerolac paints could show good momentum. It's PE is around 60 and sector PE is around 90. Now let's talk about technicals :- Stock has been forming symmetrical triangle pattern and now it has given a good breakout . Stock is now retesting the resistance line. If retest is successful , we can...