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...
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...
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...
Good Volume Breakout Accumulate till 267 267 Strong Support SL 249 TP 695
All levels are mentioned on the chart. DISC: For educational purposes only.
Buy Maruti Suzuki Near 6840-6850,Stoploss 6680 Target 7280 Study : Cup & Holder Pattern Breakout and Retest Structure
Creating lines on a chart is one of the most fundamental methods of charting when performing technical analysis . Being able to create these effectively and quickly is a very useful skill to have. Horizontal, Vertical and Cross lines can all be found on the drawings panel to the left of the chart in the subgroup “Trend Line Tools”. These tools can be added by...
In the last thread, we discussed the basics of divergence. In this thread, we are going to learn about the positive divergence a.k.a Bullish divergence. I'll cover it in 3 parts: 1. What is bullish divergence? 2. Types of bullish divergence 3. Subtypes with illustrations So, let's move ahead! What is Bullish divergence? A bullish divergence occurs when prices...
Price is at retest of the breakout 1000 Will act as major support Wait for price to show strength SL 900 Target 2450
Foreward In this thread, I would try with the best of my knowledge to explain the following questions as easily and briefly as possible. 1. What is a support level? 2. What is a resistance level? 3. What is their importance? 4. When and where to place Buy/Sell orders? Introduction Support and resistance levels are a critical part of trend analysis because...
NIfty50 stock BPCL formed Ascending triangle pattern. You can see Rising lower trend line having ascending Higher Lows and a Flat upper trend line acting as resistance line. I have marked A and B point, to calculate the target. Price at A point = 252 Price at B point = 478.65 Formula to calculate the target is Target = (Price difference between A & B) + Price...
It has been observed on a weekly chart that the price action is forming a bullish "Inverse Head n Shoulder Pattern" indicating buyers coming back in the stock and shall turnaround stock to upside in coming weeks. It is providing a good investment opportunity with holding time of 6m-1year. T1- 250 SL 130
IRCTC is taking support at rising trend line multiple times. Ascending triangle is clearly visible. This pattern gives smooth move on upside. Similarly Descending triangle gives smooth move in downside. Currently IRCTC is moving in narrow range ( marked by dotted line ) either side break. If it breaks on downside that will mark a lower high and new Lower low...
Hammers have a small real body and a long lower shadow. Hammers occur after a price decline. The hammer candlestick shows sellers came into the market during the period but by the close the selling had been absorbed and buyers had pushed the price back to near the open. The close can be above or below the open, although the close should be near the open in...
Given a Successful Breakout with huge volume. Ready for good rally #stockmarket #watchlist #analysis
Long weekly down trend appears to have bottomed out with a surge in volumes forming a "Cup" pattern. Thereafter, slight retracement from marked yellow resistance zone confirms formation of the "Handle" to the "Cup". Breakout of the Cup & Handle is indicative of a Bullish Reversal, which could push up towards the next resistance zone. NFA. DYOR.