its a false breakout on daily time frame , must be on your watchlist for monday 24th , because risk to reward is favourable..
please do your own analysis before take a trade
Havells Should trade below today's low 1212 for an intraday entry on 6th August. False breakouts tend to move faster than usual. Let's wait and watch in the live market.
Orient Electric -Triangle pattern formation
Orient Electric after trading in a consolidation triangle pattern on Friday gave huge momentum on the upside with good volume.
How to identify false breakout?
On the initial breakout from a range or other chart pattern, a rise in volume indicates strength in the move. Little change in volume or declining volume on a...
Last week in the market, we were looking a possible breakout or breakdown situation on both Nifty and Bank Nifty. It turns out, it was a breakout towards 15,400 and 37,700.
Now it looks there is a possibility of a false breakout as well. If the market fails at one at one end of the range, it generally tests the other extreme side.
Here, we also have a head and...
Reading the chart of Bank nifty 45 min. It seems like market is in bullish move , but what we are seeing might be a artificial markup. (Given US election tomorrow, we expect some bit of volatility, my take is the market will be more volatile on the day of results than tomorrow).
#NTPC | symmetrical triangle , wait for the breakout and retracement to BUY
Target = 113
stoploss = slightly below the support zone
LOT size = 5700
Expected profit = around 1 Lac per lot
Check out the related ideas as well !
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#LIKE
#COMMENT down below about how you like that !
The stock has attempted a breakout from 185 zones 3 times and has reached a stable point, with the good performance of the metal sector, JSW is a long opportunity with a good breakout towards 203.
APOLLOHOSP has given weak breakout of Channel Drawn(By Menka), May result in False Breakout!
Entry : After Closing Below last candle ,look for shorting from Given Red Zone Near.1250
Stoploss : 1285 (Closing Basis)
Basic Target: 1200 Then Trail till lower white Trend line
A Good read for all : why-teamwork?
if you have any queries regarding...
MOMENTUM TRADE IN MINDTREE
MARCH FUT
FALLING DOLLAR
FALSE BREAKOUT
DARK CLOUD COVER
BREAKING SUPPORT ON DAILY
FUT TRADE
SHORT@922
STOP@937
TARGET@900
LOT:600
QTY:1
The stock has formed a beautiful Roof Pattern it gave false breakout today and came back. One can trade the stock by providing small Stop Loss high of today and look for a target of 140. Risk to reward ratio works out decent.
I think I should post My analysis by 8.45 am or earlier, Daily when I'm writing up description pre-market happens and then I need to include premarket scenario's too. Need to work on My Morning Schedule !
By yesterday evening, in the last post, I have updated about Double bottom and as result of it we had this Gap Up opening in Nifty. Don't worry Guys, this is...
