* Long Consolidations Breakout in TEXMO PIPES & PRODUCTS LTD.
Buying interest is visible through volume. Stocks gave breakout, retested, now continuing the bullish move can be bought at the current level of 624 for a possible target of 783 Note: Educational purpose only
* Multiple Chart patterns Breakout at a Time ( Inverted Head & Shoulder, Cup & Handle, Rectangle and Symmetrical Triangle chart pattern ) gives more confidence in upside . *If we look at the volume part, significant volume activity is witnessed at the time of breakout. *Price has also trading all the important moving averages. Considering all technical evidences...
Banknifty facing some resistance at the same level again and again. Check for short levels using picots.
Continuation Inverted Head & Shoulder chart pattern Breakout with extremely high volume in daily chart . CMP-599.00 RECO-Buy Entry Range-Rs.586-600.00 Target-650.00/720.00 Stop Loss-550.00 Closing basis Duration- 03 to 06 Months.
* Two chart pattern completing at the same time High conviction set up .If it made above 200-day moving average gives more confident . * In daily time frame high volume buying initiated today that gives gives a bullishness sign . * Before the breakout this stock made a rectangle chart pattern and breakout with Significant volume .
As you can see it has created a beautiful Inverted Head and Shoulder Pattern n. The Rules are from the center of the head to center of the shoulder there should be at least 7 to 8 candles. After creating the first shoulder, Price Touches the neckline let's take that point as A and the bottom of the head as Point B. When finally after creating an inverted head and...
Price - 1176.20 Dt. - 19.05.2021 Since Feb 2nd week the stock is in the bearish zone and lost 300 points in this time period. From 3rd May stock reversed the trend resumed the up move. The stock was near the overbought zone. Further with good monsoon expectation and declining covid-19 cases are another reason for Escorts Limited to move upward. Stock is facing...
Price - 931.40 Dt. - 19.05.2021 The stock seems bullish after falling on the average result. The stock closed right above the 21 DEMA and near the support line. It looks like the 21 DEMA can cross 50DEMA from below in few days. HCL Tech can go up to the resistance line placed at 1010 giving a nice 8% return on investment.
BTC is currently on a 40% discount. I am expecting it to short cover from here. It will be targeting the supply area above.
The stock is in a downtrend for ~2months forming LL and LH Can be bought at the current level of 261 for a possible target of 272/281 Note: Educational purpose
Forming inverted Head and Shoulder. Can be bought above 188 for a possible target of 198/205. Note: Educational purpose
The stock has been trading a zone for ~3 months. Breached the resistance level with bullish candle and volume. Can be bought at the current level of 226 for a possible target of 240. Note: Educational purpose
The stock seems to be forming a cup and handle formation. Can be bought post-breach of 121 for a possible target of 130/139. Note: Educational purpose
Buying interest can be seen through volume. Stock is forming head and shoulder pattern. Targets post-breakout from the neckline is mentioned. Can be bought when there is bullish closing above 462 for a possible target of 491/518/544. Note: Educational purpose
Price - 287.50 Dt. - 12.05.2021 The stock still has the capacity of going up 10% from the current level. The stock also witnessed some buying in the last 30 mins of the trading session. Stock may consolidate for 2-3 trading sessions before resuming the up move. RSI is near overbought zone.
Price - 114 Dt. - 12.05.2021 The stock closed right above the support line. GSFC served a nice 20% profit in the past 5 trading sessions. We are expecting stock can give a return in the next few trading sessions. We are expecting the stock to go up to 131.90 in few days. Stock may consolidate near the support line for 2-3 trading sessions.