Reasons for being bullish on Jyothi Lab:
Rounding bottom breakout. The bottom is created over last one year.
The same level is tested this time thrice, since last one year. So long term resistance level breakout.
Friday's candle is a clear Bullish Tweezer Top (Thursday & Friday candles lows are same, polarity opposite).
Friday's candle totally engulfs...
Pidilite: Runaway Bullish formation before 10th Aug Results
Bullish breakout from a long term rounding bottom formation with very high positive volume.
Last 8 trading sessions, it's a runaway green candles and bullish kickers. That's pretty uncommon.
A 6months old resistance line is decisively broken this time, after testing thrice.
Most likely the Q1...
BSE:TATACHEM
Tata chem is formed a double bottom pattern at its major support zone.
the entry should be above 828 only with the measured move target expectation in short term.
it have good support of daily TF.
Happy trading & Keep learning
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IRCTC has consolidate in a zone and is breaking out of it's downtrend on short term view or swing basis.
Targets are marked as follows T1, T2, T3.
This is my view, If you have any ideas do suggest in comments !
A cup and handle pattern is about to form. However the alligator's lip-teeth-jaw are coming closer and coming flattish slowly. That's a concern. Also there is no upsurge of the volume.
If it breakout the neckline of 5450, it may go up.
On the other hand, a breakdown below 5200 can pull it down further.
As we noticed a bearish divergence on my previous publication, Price broke 16500 and a daily candle closed below this level. A Head & Shoulder pattern has formed, we can expect a good direction towards downward.
Probabilities:-
If gap up happens (above 16500) probability of this pattern will less effective but can not be ignored.
If opens flat market will respect...
The channel shows in the photo is being honored by NIFTY so far.
So if the upper channel is broken above (>16700), it will test the Friday's high (16750).
If it retraces below 5 EMA (~16570-75) today's low and 5 EMA, then it will come down upto 16400 (the middle of the channel + near 10 EMA.
It's all depends on Global clue. A Gapup will test 16750 for sure.
A...
Inox is sort of a mixed signal. It has created a W pattern. However a clear breakout will confirm only after the ~560 level neckline break. In Friday's session there is a shooting star after an uptrend. Volume is also not very good. So it may go down if it sustains below the Thursday's low.
At the same time, the trend Alligator is showing pretty solid buy signal.
Mm Forgings Limited
1. A clear neckline breakout from multiple rounding bottoms, a cup-and-handle pattern
2. Very High volume
3. Trend is up
Fundamentals:
1. PE Ratio is half of the industry PE
2. PB Ratio is just 4 - cheap
Chart is showing clearly a bearish divergence in 15 minutes. If it will sustain above 16500 for longer period ( sideways) then market will go upside or else we can see a reverse scenario.
NSE:3MINDIA
Stock is trading at level with lower than average volume from past 2 weeks.
22973 is a major weekly level following it 23260 is another major resistance as price rejection from 2 weeks on level 23260.
Bullish point of view --
1: if we go on DAILY timeframe we can see lower high`s and ascending triangle formation.
2: on WEEKLY chart price breakout on...
CG Power at life time high. Further company has good fundamentals and best thing with lifetime high share is we have Stop loss so loss is limited and profit.......sky is the limit in such all time high stocks. so you got the trick. this trick is only for investors
> forming continuation pattern
> you may call it triangle pattern.
> breakout above 2448 would lead a new rally.
> stop loss 2808
> 1st target 1:2 and 2nd is trailing stop loss which is HL
> 1-4 days trade
> use proper risk & money management.
> only for education not a trading tip. i may or may not trade this setup.
> trade at your own risk.
Although there is a clear breakout yesterday (Monday) in this counter (and it came to our weekly radar as Long), today daily it's created a Bearish Tweezer top candlestick pattern.
