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...
This Stock is for Long Term Investment. Buy 70-75 SL - 65.50 Strictly Follow Stoploss
Discription: Stock Name: BPCL Chart Pattern: Head and shoulder pattern Time Frame: 1D Entry: Breakout Entry Above 330+ Targets: Target 370+
Gravita India ltd has given a breakout with high volume and rsi divergence. Looks good for 380-400 levels.
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...
W pattern breakout with high volume. Low of the day does not break the 5 EMA.
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.
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.
What are the odds? I think there is a good chance we get a fake-out (false breakout) on higher timeframe here, maybe to even 37000 and then slow bleed and consolidation to 30k till end on year. I am personally not buying anything here. Maybe scalp longs here and there but will wait for 30k to load up anything from swing-trade or long term point of view. Stay tuned.
- Cup and Handle pattern - 646 is testing 4 times - Alligator is clear uptrend, started eating out - Volume Spike
- Cup and Handle Pattern - good volume - Current daily closing is testing the 2450 : 4 times. - Clear Uptreand - Alligator is started eating.