INSECTICID - Ichimoku Breakout📈 Stock Name - Insecticides (india) Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 790.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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INSECTICID
INSECTICID Daily Chart - Diamond Bottom patternDiamond Bottom pattern , a technical analysis pattern observed in daily chart analysis of INSECTICID .
This pattern is considered a reversal pattern, indicating a potential shift from a downtrend to an uptrend.
Let's break down the key points of the Diamond Bottom pattern:
Downtrend Phase: The pattern begins during a downtrend, where prices are consistently moving lower. This phase is marked by lower lows and lower highs.
Broadening Pattern: As the downtrend continues, the price starts to exhibit a broadening pattern. This means that the price range between the highest high and the lowest low is expanding, forming a diamond-like shape on the chart.
Higher Highs and Lower Lows: During the broadening phase, the price action creates higher highs and lower lows within the diamond pattern. This can indicate increased volatility and uncertainty in the market.
Narrowing Trading Range: After the pattern's highs reach a peak and the lows start trending upward, the trading range within the diamond starts to narrow. This narrowing range signifies that the price volatility is decreasing.
Breakout: The most critical point of the Diamond Bottom pattern is the breakout. When the price breaks upward through the upper boundary of the diamond pattern, it suggests a significant reversal in trend. This breakout marks the end of the downtrend and the potential beginning of a new uptrend.
It's important to note that while technical analysis patterns like the Diamond Bottom can provide insights into potential price movements, they are not foolproof indicators.
Traders and investors often use them in conjunction with other technical and fundamental analysis tools to make more informed decisions.
watch for falling wedge breakoutbuy above 681 in intraday and swing
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Target 2 (40%) achieved in Insecticides India. Target 3 is ON...This is follow-up on Insecticides India. Can check link to related ideas.
Target 2 achieved. More than 40%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 1 (30%) achieved in Insecticides India. Target 2 is ON...This is follow-up on Insecticides India. Can check link to related ideas.
Target 1 achieved. More than 30%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.