ITDC, from strong sector with simple horizontal line setup-One Simple Horizontal Line setup
-Setting up well with volume, Signal Candle (more than 5% move with more than 1M vol) suggesting institution buying
-Volumes kicking in
-Tightness
Horizontalresistance
Prakash Industries, setting up from strong sector-One simple horizontal line setup
-Volume kicking in
-Strong Sector
-Iron n Steel (Metals)
-Signal candle (white dot, when more than 5% move with more than 1M volumes) suggesting big players are buying
KRISHNADEF posted growth results from strong sectorKrishna Defence & Allied Industries Ltd results:
■ Sales 71 cr, QoQ 102%, YoY 68%
■ Net Profits 7, QoQ 172%, YoY100%
TA:
-VCP in Action
-One Simple Horizontal Line BO anticipation
Breaking out after 720 daysManglam cement - Looks good on WTF
The first entry was after the Trendline breakout
The second one is the horizontal zone breakout
Chart is self explanatory
Plan your trade
Trade Less Quantity due to less liquidity
SMALL SL BIG GAINSStrong rs.
Multiple touchpoints.
Breakout with massive volume.
Very low risk setup.
Probably a SL of 6%.
Expected 1:2-1:3 minimum rest Trail.
BREAKOUTAfter long Term Resistance & Supply Zone breakout on daily timeframe we are expecting Retest then Booom🔥🔥
ELECTHERM Weekly Breakouton daily chart it is forming higher highs.
Good volume seen in the past few weeks.
Narrow CPR on weekly chart.
RSI has not sustained above 60 in last 2 year.
RSI just below 60.
breakout level 140
MOTHERSUMI (1HR) CANDELMothersumi horizontal support & resistance.
Current price breached the resistance and became support.
stop-loss below the support line.
(Trading is probability.)
USOIL (SUPPORT & RESISTANCE ZONE)Trade according to the support and resistance line.
set your stop-loss and trade.
MANAPPURAM FINANCE (1D)MANAPPURAM FINANCE (1D) Candle
Created three horizontal line where it takes support & resistance.
Top Horizontal resistance line(Green) price - 169.80
Middle Horizontal support line(Light brown) price -153.50
Bottom Horizontal support line(Red) price -139.60
Trade according to the Horizontal lines.
Explanation about how parallel channel work:Stock first Chance the trend with heavy volume and then price has consolidate in a horizontal parallel channel.
A horizontal channel is formed by two parallel horizontal lines that frame the evolution of the price.
The upper line is called the "resistance line".
The lower line is called the "support line".
A horizontal channel is confirmed/valid if it has good oscillation between the two parallel horizontal lines.
The stock has break its channel with heavy volume and now forming a new channel.
TCS Still in sell Trend, Need to breach levels on weekly basisTCS have to cross 2075-2125 for further upside. If could not able to breach this levels on weekly closing will lead to 1809, 1707,1616 and may touch 1510 low.
Positional short on Crude OilCrude Oil at resistance on daily chart- $60.3.
Positional Short with Stop loss $60.9 for targets of $57 - $55
Happy Trading!
Cheers.
Nifty is in a Bullish Rectangle, Nifty will go up Nifty will go up after the horizontal resistance 11136, Nifty is in a Bullish Rectangle pattern
simplex infra looks bullish in short to medium termIn longer time frame, price closed above multi year resistance zone, and sustaining above it
in smaller time frame CnH pattern formed.
with sl - 495, 1st tgt - 690, 2nd tgt - 750
aksh optifibre looks bullsih in medium to long termIn monthly, price broke out of multi year horizontal resistance and sustaining above it.
in weekly, BB is trending up and and price sustaining above 20ma.
in daily, price broke out of consolidation and pushing upper BB upward, and BB is expanding
with sl - 24 1st tgt - 85, long term tgt - 155
brigade ent looks bullish in medium to long termin weekly, price broke out of horizontal resistance with good volume, and candles are pushing upper BB and BB is expanding.
in daily, there was a BB squeeze then price closed above upper BB and BB started expanding,
overhead resistance at 430,
with a sl - 280, tgt - 430
Hindunilvr looks bullish in short to medium termIn daily/weekly, price brokeout of horizontal resistance, and moving up now.
also after price closed above upper BB, BB is expanding , sign of bulishenss
with a sl - 1224, ride the uptrend here.
