NSE:COFORGE is showing two HH beakout and already Wave-5 sets in in 15m chart.
The cool part is: price is just crossing a nice consolidation rectangle with the ever increasing volume build up.
Also see how the uptrend line is beautifully panning out (green line). The immediate support line is at 4200 (green dotted line).
Trade: Buy little dip around 4230, SL:...
There is a steep downtrend.
After that a bullish engulfing pattern is formed exactly at Support level
The support is actually a long term support. Previously every time price reaches there get a nice support and starts little consolidation.
This time also it presents a reversal formation there.
Trade: Buy above 580, SL: 560, T: 610
Sell below...
NSE:RAILTEL has a perfect, copy book Cup & Handle pattern formation.
The chart looks bullish with the following properties:
A long term Cup & Hande formation with a good volume breakout.
If it sustains above 120, one can go long with a SL of the neckline of the Cup & Handle pattern (i.e. 117)
Long above 120 with a SL of 117.
NSE:NHPC has an interesting formation in the monthly chart, a perfect rounding bottom / saucer formation. It can be flying saucer as well :)
Some features noticed in monthly chart:
A 12 years long Saucer formation breakout. ATH attained.
There is a clear ascending triangle, basically a nice uptrend channel (shows as cyan colored channel in the chart).
...
In the NSE:IDFCFIRSTB shares, we can see the Elliot Wave pans out nicely.
See the outer wave marked in green 1-2-3. We are in the motive/impulsive 3rd wave.
Now in the motive 2nd wave, there are again 5 subwaves formation. We are at 3rd motive inner wave. So it is 3-3 wave overall.
Hence a retesting of the long term support (which is also a neckline of...
