Tata Communication | Breakouts or Fakeouts ? ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡✍️Technical Reasons to trade or Strategy applied :-
✅Inverted Head & Shoulder Chart Pattern Bull Breakout
✅Breakout confirmed
✅Rise in Volume
✅Good 3 touches Trendline Breakout with volume
✅Clear uptrend with HH & HLs sequence
✅ Order block as potential Supports
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Hourlychart
Bank Nifty Simple Analysis- Bank nifty took support today tried going up side making range bound in second half. and trapped many with volatile moves.
- May take dip before going up till 42100 to 42200 or stay range bound
- bullish move can be expected if cross 42350 and sustain. Bounce is expected till 42600 in coming days
MOHIT IND Hourly looking bullishMOHIT IND Hourly has inverted head and shoulder breakout/trendline breakout with 200 ema support on hourly candle. Good to buy at 19.20 with sl below 16.10 for targets of 31.85
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
Nifty 50 Hourly Analysis: Bullish Retest on the Horizon?Nifty 50 has recently showcased a breakout in the hourly timeframe, making a strong move to higher levels. Now, as it retraces, we're observing a potential retest of the breakout zone. This presents multiple long opportunities! What makes this even more enticing? The robust support from the 200 Moving Average.
Traders, are you spotting the same patterns? What's your game plan here? Sharing insights can lead to collective growth! Let's discuss!
And remember, always ensure your strategies align with market dynamics and risk management principles.
NIFTY BRARISH VIEW ON HOURLY TIME FRAMENIFTY 50 ON HOURLY TIME FRAME CREATING INVERTED H&S PATTERN.
Considering global views nifty could correct and could reach till target 1 & target 2.
target 3 is Base made by index...
Views are purely technical with considering Views of Chinese and American Economic Data
PNB Hourly chart looking bullishPNB Hourly looking bullish. It has trendline breakout/flag and pole breakout. Good to buy at 62.60 for target of 69 with sl below 61
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
JYOTHYLABS Hourly looking bullishJYOTHYLABS Hourly has trendline breakout/flag and pole breakout. Good to buy at 313 with sl of 304 for targets of 336
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
KPIL Hourly looking bullishKPIL Hourly looking bullish, it has trendline breakout with 200 ema support on daily candle.
Good to buy at 574 with sl below 566 for target of 601.
This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
Flag and pole Breakout in HikalFlag and pole Breakout in Hikal in hourly chart
Supporting to our previous analysis in the day chart (Parallel channel breakout), here we can see flag and pole breakout in 1hr time frame.
which suggests there is a high chance of continuation of uptrend.
To know more refer below link of daily chart
BSE:HIKAL
Ascending Triangle on Ambuja Cements A Hammer pattern is seen on the hourly timeframe.
Even though we can see a ascending triangle, the bullish volumes are reducing.
A long can be possible only when we can see it above 407-408 levels.
A Short can be possible when it breaks the trendline and till T1-393, T2-383.
Next week can help us get more info on this.
TORNTPOWER : Perfect EntryTORNTPOWER
> Hourly Chart
> Very good Volume
> BO done
> Retest Done
> CMP 450.60. Good to enter till 444.
> Suport 423 on closing basis
> May go 478, 513
Dtd : 23rd May TheCharts
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
ACC NEAR RESISTANCE 1HACC is trading near it's resistance. It has tested the resistance multiple times but unable to give a breakout. We can see a resistance breakout in coming 1-2 trading sessions. You can take a positional trade when the price crosses high of the breakout candle. SL will be the nearest swing low.