All observations on charts. Ascending triangle pattern Lows shifting higher. Volumes picking up Narrow range, check below Mother Candle Strategy Also check previous idea on SBI Life.
After the previous run , stock has gone into a consolidation & formed a bullish triangular structure. The breakout of the structure suggests , sail has more upside in the coming session . Look for the target of 105 levels . SL should be maintained at 86
Simple chart of a flag breakout and is above all important moving averages.
Maxhealth:- CMP 239, Looks Good for 260 Invalids below 228
Gland Pharma Cmp 2627.20 dated 16.4.2021 Three Patterns on chart 1. Rounding Pattern 2 Ascending Triangle 3. Ready for Cup & Handle Pattern Buy for a tgt of 3000-3050 SL 2475 It is just a view, pls trade at your own risk
All observations of chart There was Distribution from 13500 to 10750 zone during 2015 to 2016. Down Trend there after till June 2019. From June 2019 till March 2020 there was a accumulation phase. In April 2020 Index gave a range breakout and there was good upside which lasted till mid Sep 2020 As you can see index struggled around 12000 level during Sep 2020 to...
#MEGHMANI ORGANICS (MONTHLY):- BUY ON DIP (130 TO 80) FOR TARGET 300 WITH STOPLOSS BELOW 60 WCB #Disclaimer:-I just shared view for only educational purpose.
''Candles might help light the way.'' :- Steve Nison 1. HDFC BANK was moving beautifully in an upward parallel channel. 2. At the level of 1640-1650 price, Stock faced resistance thrice, then the price started moving in the downward parallel channel in the tight price range. 3. Stock then broke both parallel channels then fall to the price level of 1352. 4. Stock...
1. Rounding Pattern 2. Support 3. Breakout & Retest 4. Above 50 EMA Hence take a Long Drive with Tata Motors
PRICE CAN GO DOWN ITS OPPORTUNITY SHORT TERM FOR SELL BCZ OCCUR HEAD AND SHOULDERS CHART PATTERN IN EICHER MOTOS
All observation on chart. Below is the short term view for Entry Looking at the overall structure, Current levels are tempting to buy and hold for Big returns.
Gujarat Alkalies has shown a strong weekly breakout from accumulation phase. We would wait for a pull back to the channel to take an entry - around 380 levels. Details mentioned in the chart. Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or...
PHILIPCARB:- BUY AT CMP 200 TO 180 TILL Accumulate For 275,350++ With Stop Loss 165 DCB
* This Stock trading near its major support area (0.618) FIbonaccci retracement level and made a rounding bottom pattern . All technical evidence gives a bullish sign .
Nifty has broken its major resistance trendline & changed its trend from bearish to bullish. It tried breaking the Fibonacci 61.8% level but couldn’t break it. We can also see a possible cup formation. Price has been trading inside the cup we made on chart. If nifty trades in range for tomorrow we can confirm that the cup n handle pattern is completed and a...
AMBUJACEM (FUTURE):- NEAR TO ROUNDING BOTTOM BREAKOUT
A double bottom pattern right at the base of the parallel channel along with a bullish divergence indicates upward continuation in the stock for the targets mentioned.