06 Years Consolidations Breakout * 06 Years Consolidations breakout in weekly chart with extremely high volume .
Educational
Edu Post: Double Bull Trap in NFLThe stock of National Fertilizers Limited (NFL) has exhibited a 'double bull trap' as shown in the 75min chart. The first time bulls were trapped on 12 May at morning highs in the range of 72.5-73.5. The trap was laid further the second time with another gap up crack on 20 May with 72.5 high.
Imagine the plight of the folks who bought at these zones. They will be looking to sell at the first go if the stock comes in this range again. Thus, we can see quite a bit of overhead supply in this zone.
It goes without saying that if this overhead supply is consumed, a major bullish breakout can be seen.
Note: This is an edu post and not intended to make any specific calls.
Near breakout !!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* 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 we may see good up move in NATCO PHARMA
Banknifty facing resistance at 34270 levelsBanknifty facing some resistance at the same level again and again. Check for short levels using picots.
Continuation Inverted Head & Shoulder BreakoutContinuation 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.
Breakout with high volume* 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 .
ONGC Inverted Head and Shoulder 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 shoulder pattern the price crosses the neckline and closes above it and creates a new candle there that's the point to buy and draw a line from point a to point b and place it above the neckline and there you get your Target Price.
Next to Inverted Head and Shoulder Pattern, it has created Double Top. See if you can find or let me know below.
Stock Analysis of Escorts LimitedPrice - 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 strong resistance at 1185 levels but with ascending triangle formation we are expecting the stock to break the level.
Stock is slightly above 21 DEMA.
Stock Analysis of HCL TechPrice - 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 sitting on a HTF supportBTC is currently on a 40% discount. I am expecting it to short cover from here. It will be targeting the supply area above.
Breakout !!!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
Head & ShoulderForming inverted Head and Shoulder.
Can be bought above 188 for a possible target of 198/205.
Note: Educational purpose
Zone BreakoutThe 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
Cup and Handle in formationThe 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
MINDA CORP - Let's Observe The last Chart of Hindustan Copper had many missing the entry before it broke out and hit upper circuit.
So here I bring Minda Corp which I think will emulate Hindustan Copper to some extent.
This is for everyone to learn as well.
Cup has been formed. Now either wait for a small pull back where one can accumulate after it turns around or be ready for it to race up and retest.
My Hunch is because of the Double Bottom, the stock is strong for an upward rally but the rejection candle may show temporary weakness providing everyone with an opportunity to enter this space.
Head & Shoulder in the making !!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
Stock Analysis of Deepak FertilizersPrice - 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.
Stock Analysis of GSFCPrice - 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.
Stock Analysis of GNFCPrice - 400 Dt. - 12.05.2021
Like all other Fertiliser stocks, GNFC also witnessed the profit booking today after rising more than 7% on 11th May. We are expecting GNFC to move higher from the next trading session. The stock has successfully doubled the money of the investor who invested in Feb. Still after this the stock can go up to 550.
We are expecting the stock to grow more than 10% in just a few trading days.
RSI is in the overbought zone but the stock has the energy to move up.
Stock Analysis of Coromandel LimitedPrice - 771.25 Dt. - 12.05.2021
Yesterday stock had given the breakout and stock continued the momentum today with small profit booking. With fertiliser stock is in focus we expect Coromandel to perform well in upcoming sessions and the stock faced resistance today at 773.85. If stock sustain above 773.85 then this stock can be a good bet.
21DEMA is ready to cross the 50DEMA from below which is a bullish sign for the stock.
