The stock has been moving in an ascending parallel channel.
At the base of the channel, I see an ascending triangle which when broken out can see a good momentum kick in.
Awaiting a breakout soon.
A Darvas Box formed (good consolidation)
It can also be seen as a Pole Flag.
Moving averages have been supporting the stock well.
MACD crossover has been made.
Price - 1179.85 Dt. - 08.10.2021
Stock is consolidating near the support line placed at 1168.70. It tried to break this level twice before breaking successfully with higher than average volume. Stock is consolidating for the last 4 weeks and it looks like the stock is ready to resume the uptrend. RSI is strong and stock is above 21 DEMA and 50 DEMA.
My hunch is the trade is going upside. However in a triangle anything is possible.
The Buy zones are mentioned in blue lines.
The stop loss levels get triggered only once the buy zones are triggered on closing basis of a 5min candle.
***** Risk management is very important. DON'T LOSE MONEY.
TRAIL THE STOPLOSS AS THE PRICE MOVES HIGHER/LOWER.
IN 1 to 2 trading sessions
AARTI IND may give a break out and a good up side
Targets of both ups and downs are given in the chart
I am Still learning stock markets ( I am 15 yers old)
and so tell me if any corrections or mistakes in my analysis
(THIS IS PURELY FOR EDUCATIONAL MEANS AND DO YOUR OWN RESEARCH TOO BEFORE INVESTING)
A bearish dark cloud cover candlestick formed on weekly time frame but we can get more confirmation just after follow through bearish candle formation.
I do not track this scrip:NASDAQ but I just wanted to take a look after the recent big gap down and it surprised me how well it seems to be following the basic pitchfork trading theory
The points mentioned on the chart correspond to the following rules:
(0) prices at any point will gravitate towards the median line
(i) price after reaching the median line will...
In both the charts a breakout is being awaited from the min triangle pattern as well as the the long descending trend line.
In both the charts the targets for the inverted Head and Shoulder pattern are still in progress to be achieved.
In both the charts, the breakout will also be a breakout from a Darvas Box.
KPIT Technology is one of the leading IT shares in India. I had also identified and posted it just before its recent rally.
Here is a more detailed run through of the price action.
It demonstrated a very clear support at EMA 50 level and a fairly clear Resistance level.
This was further supplemented with a double bottom pattern and rising volume levels - Clear...
According to the chart, I think the EURUSD will go in the downward direction up to the next support level at 1.16900 and then bounce back in the upward direction up to the next resistance level at 1.19050 and it will form a double bottom pattern. Please keep in mind that this is just an idea and I don't promote anyone to place any trade.
Please share your thoughts...
Price - 2847.20 Dt. - 22.09.2021
The stock was underperforming for the last few months and the stock is ready to resume the uptrend. Golden crossover is possible on the daily charts as well as weekly charts. RSI is above 50 and the auto sector has started showing the trend. Hero MotoCorp looks good for the short term.
According to the company, they have more...
