BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL...
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL...
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL...
The weekly charts for the stock shows an inverted head and shoulder pattern that ha clearly broken out.
Can u believe that it moved more than 41% . It also had taken out a major previous resistances since 2008 and 2018
while breaking out. The price momentum and trend indicators are bullish on every timeframe.
An entry could be made on daily retracement candles and...
1) Inverted Head & Shoulder pattern breakout.
2) Breakout accompanied with good volumes.
3) Momentum indicators looking good.
Nice stock to watch out for!!
Here is an interesting one. One of my favourite thing to see in a chart is one formation leading to the development of another formation.
Here, on the daily chart, Prince Pipes formed a perfect Flag and Pole Pattern with higher volume in pole formation and lower volume during Flag. It gave a breakout of this pattern and retested the level. In doing so it formed...
Chart is self explanatory, inverted head and shoulders pattern breakout followed by a retrace
Entry:CMP
Targets 342, 354, 380
Stop loss: 307 (closing)
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT IT!
The correction that we saw in Nifty 50 was a three wave elliot wave and after that Nifty 50 has formed wave 1 and 2 of the impulsive wave
Go long only if it breaks the resistance of 17780.
Targets 17900/18000
FOLLOW me for more such updates ahead.
Till then,
Happy Trading :)
Lemon Tree is getting ready for a big rally. It formed an Inverted Head and Shoulder pattern on the daily chart. With the opening up of the tourism sector after a long time, Lemon Tree will surely be a beneficiary of the ease down and revenge tourism in the coming days.
Target 1: 53-55
Target 2: 63-64
EXPLANATION : This is a 4 hour time frame chart of AMARAJABAT . The stock has been in a healthy downtrend for months and has formed an Inverted head & shoulders pattern . The stock gave a strong breakout and broke its supply zone with volumes and has retest the same , I am bullish on AMARAJABAT . Best buying opportunity can be near the retest area .
