There has been a channel Breakout in Escorts on the 15 Minutes time frame, it has taken a proper support on the resistance line.
Huge accumulation of volume is seen.
According to me a good upside move is possible in a day or two.
CMP : 1340
Target : 1430-1450
This stock has been consolidating for the past few days and Have given a wonderful breakout with a Big green candle supported with Large volumes on a Daily chart.
Suggestion would be to buy it on a dip somewhere around 211-213. Targets can be set Till 235. There are high chances that the stock might hit the target in a very short time.
BSE weekly chart shows inverted head and shoulder pattern. Breakout is seen in the chart. There is high volume too. I would not suggest wait for some correction for buying. You can also accumulate in dips. Can go long with trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your...
Swing trading opportunity ...4hrs chart alert !!!
👉👉WAIT FOR RETRACEMENT OR TRADE ACTIVE RECOMMENDATION👈👈
--Sell below =1850
--Target = 1740
--Stop-loss = 1915
--Lot Size = 400
--R:R = 1.68
--Expected Profit = 43,600 ₹ per lot ( 6 % )
Technical Reasons to trade :- 🧢
1) Kotak bank has breakdown the support area .
2) Volume is ULTRA high in DOJI...
Good accumulation shown in the stock backed with high volume in the weekly chart. The stock is in all time high positions. Adaptive as well as static relative strength above 0 lines with increasing comparative relative strength.
This analysis is only for educational purposes, Invest at your own risk!
The New 52 week high created by DRREDDY at the price 4,132.20 INR will serve as the resistance.
A Doji candle was seen on the 19th of May(yesterday) which on the next day (20th May)rose the price with an abnormal Volume.
The Market closed with a big green candle for DRREDDY, This...
In weekly, inv HnS pattern formed, then breakout with good volume, strong base is formed, and price reversal is complete.
also horizontal resistance broken with good volume,
1st tgt - 76, 2nd tgt - 90, sl - 53
TATACHEM breaks out of a COIL (a symmetrical triangle) with fine participation from volumes. Add to this fact, that on the daily chart, there was an Inside Candle on Friday's close. The underlying trend is UP and well established, which is clear from MACD. Fine support from momentum indicators too - CCI and RSI suggests further upside on the cards. Looking for a...
In the Hourly charts of DABUR, we see a clean Ascending triangle breakout with high volumes. Encouraging aspect is the fact that the stock has now managed to break above a crucial price band which acted as a source of support and now resistance. First Fibonacci target is at 350
In weekly, price broke the previous peak with high volume, also price closed above upper BB and BB is expanding,
In daily also price broke out of horizontal resistance with good volume,
fundamental view - healthy growth in profit, positive cash flow, cheaper valuation in comparison to...