If we look at the daily timeframe for GNFC , we can clearly see there is a triangle breakout with good volumes. The breakout has come almost after 4 months of consolidation inside the triangle. After the breakout, there has been a small consolidation which is really healthy for the stock. At any given day, the stock can gain momentum and rise now. It is also near...
Looking at the chart in daily timeframe for Hemisphere Properties, we can clearly see there is a breakout from the channel pattern after almost a year of consolidation. The upper trend line of the channel has been broken with absolutely huge volume. We can see a small consolidation after the breakout which is a healthy sign for the stock to move upwards. If the...
Looking at the daily timeframe for Brigade Enterprises, we can clearly see a triangle breakout after 4 months of consolidation. Currently it has broken the upper trend line of the triangle. If we see, the breakout candle was a bearish doji candle but the next 2 candles have confirmed the breakout. The current closing is at Rs 517 which can be considered for...
If we see the daily timeframe for Aster DM healthcare, it is clear that the stock has given a breakout after 5 months of consolidation inside the triangle pattern. Currently it has broken the upper trend line with good volumes. It is also near to the psychological level of Rs 200. If it breaks Rs 200 with good volumes and gives a candle closing above it, we might...
If we see the char in daily timeframe for Gujarat Alkalies, we can see a triangle breakout with rise in volume. The upper trend line in the triangle has been broken. The momentum has been very good from the past 2 candles. If the bulls support the momentum, it can easily give us more than 5% returns in the short term. This breakout might also lead to All Time...
PowerGrid has broken out of a Bullish Pennant with a big 5% green candle today. This movement coincides with a crossover in the MACD indicator, signaling the commencement of an upward trend.
1 - Stock has been forming channel pattern 2- good support @bottom and almost five resistance at top 3 -And low selloff candles which is good sign 4 - one can enter after the breakout (Always observe the candle while entering on breakouts (Is the candle closed strongly or weak)) NOTE : I only use simple price action Strategy that always give superior...
1- Nothing much to explain very simple analysis 2- channel breakout with reversal pattern in weekly time frame 3- Reversal pattern confirmed with second week closed in Green , which is good sign. 4-And the target always depends on price action , actually I don't set target, I do take exits depends on priceaction (and it varies to person to person's...
Got Long in Asian Paint Reason: Upward sloping triangle breakout. shall be doing pyramiding. Note: Don't follow my trade. I am not a Sebi register advisor.
Looking at the 4 hour time frame, the stock is making a beautiful triangle pattern inside of a channel. It has broken the trendline resistance of Rs 61 and has moved upwards. After almost 3 months of moving inside the candle, it has finally given a breakout. It also broke the trendline with good volumes which is another positive sign. Around 8% returns can be...
If we look at the 1 week timeframe, the picture becomes clear for MOTHERSUMI. The stock is yet to break it's upper trend line. Once the candle closes above the upper trend line, it can be bought for good returns. But until it's broken, you shouldn't jump into it directly. Have patience and wait for the stock to break the trend line. For now add it to your watch...
GODREJPROP -Parallel downtrend broken -Brealout + Retest done Consolodation under imp fib level
Shall be adding position on TCS once LL LH structure gets broken due to: 1. Near CIP zone. 2. Channel support area. 3. RSI divergence Please trade according to your knowledge. I am not a SEBI register expert. This is just for educational purposes
Got entered in HUL for a long trade. Reason to buy: 1. Good location - 200dma + Channel support 2. Broke LH LL structure. 3. Inverted Head & Shoulder formation. Note: Don't trade according to my plan. I am not a registered sebi advisor. These are only for education.
Nifty IT likely to consolidate between ALT and 38870 range Note: I'm sharing my views on Nifty IT for educational purpose only, Please don't take this as a trading signal/call.
Stock had corrected about 25% from life time high point. taking support around long term support line. Should bounce back from these levels Disclaimer: View for Educational Purpose only, not to be taken as trading advice.
WHAT TO WATCH OUT FOR Technical Overview Recently it made Head & Shoulder Pattern during mid Sep to Nov end, during which it touched a high of ₹ 19325 and made a neckline of ₹ 17050. It confirm the downside breakout on 23 Nov 2021 and confirms the start of downfall of stock. Trendline merging its top with shoulder has not yet been broken. Quality...
1 - There is a hidden channel pattern in descending traingle where stock has been taking the support on trendline 2 - Right after fall , gapped up and made reversal (inverted hammer ) . today closed in green which is reversal confirmation(bulls are In control) 3 - Main thing is here to consider that reversal happened at area of interest (demand zone) 4 - one can...