Two big Bullish Breakout of Flag and Pole pattern and On Neck Pattern is visible on the Daily chart of NSE:IPL
MACD gave Positive crossover on Daily and Weekly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
The information provided in this analysis is...
IPL Analysis & Prediction
This is the analysis of IPL in Daily Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the Rectangle Pattern with volume. If it will sustain above the breakout level, it is good for the stock. Generally Rectangle Pattern Breakout is a bullish signal for stocks.
There are some prediction levels. These...
▸ Base formation since the early 2023
▸ Strong breakout of the base along with massive volumes, indicating a trend reversal
▸ Short-term flat base formation near the 20 EMA
▸ There is good possibility of an up move on the breakout of the short-term base
Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT...
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
Here I discovered potential buying zone when price moves to complete reverse head and shoulder pattern. After that targets are drawn and after all targets are met, it can go into price discovery mode.
Title sponsors of #IPL will surely pump up all #Tata stocks but #TATAMOTORS will be most advertised one during the IPL. Keep that in mind and take positions.