Trend line breakout in Reliance industries Downwards Trendline breakout done in NSE:RELIANCE
Rising volume since 3-4 days
Big green candle breakout📈
Trade as directed in chart
Stoploss at your risk 🚨
Time duration till 1 November 🗓️📣
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For educational purpose only
Do analysis before taking step I Am not recommending or advising
Greencandle
ADANIPORTS - 3 years consolidation breakoutADANIPORTS
1) Time Frame - Weekly.
2) 3 Years of consolidation breakout happened on 1st week of December 2023 & Now the stock has retraced its breakout point & consolidated 3 weeks & broken and closed today with a strong bullish weekly candle.
3) Recommendation - Strong Buy
Only for study purposeEverything shown in chart entry, SL and TGT's .
What we want as a buyer ... Strong grreen candle and high volume...
Both are there ...
But the thing is didn broke resistance level if it breaks then go with SL of 20% and tgt of 100% ..
Godd risk reward ratio.. (1:5)
Wait For breakout or buy on CMP ....
AFTER LONG CONSOLIDATION OF PRICE AND GREEN CANDLE ALSO SEEM'S LIKE BREAKOUT .... .
Will take off after breakout....
SUDARSHAN CHEMICAL.... LET'S LEARN...Friends. I thought let's learn this kind of candle pattern seen in Sudarshan chemicals. Based on my observations as well as from the teachings of few technical experts, the following pattern is described.
'When an unusually long green candle is formed followed by a red candle on top of the green candle, reversing the direction, this eventually ends in further red candles forming almost getting the stock price back to the start of the long green candle'.
We can see large volumes traded on the first day, but on the next day, the sellers seem to dominate.
This pattern is neither a dark cloud cover nor a bearish harami... But it is also a bearish reversal indicator. If anyone has an idea about this pattern, please share it for all of us to learn. Though better in higher time frames, this pattern works well even in smaller time frame charts.
Again, this is not a sure-shot signal for going short with Sudarshan chemicals. Let us watch, observe, and study how this pattern works.
This pattern will fail if a green candle forms tomorrow.