Itstocks
Route Mobile Possible Breakout - Multiple TriggersBollinger band - Stock is much stronger than previous candles at the same level acc to standard deviation
Multiple trendlines breakout possible on closing basis as well as all time high.
Also, there has been a good correction in IT sector, and can show recovery now.
HCL TECH | ANALYSISLooks good for a quick option.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
Check these Upcoming ideas - STILL ACTIVE
Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below
If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know.
Leave a comment that is helpful or encouraging. Let's master the markets together
TECHM: Prepared for news highs After a considerable correction as a running flat , TechM is ready to break the recent high to trade above the all time highs in the uncharted territory. The correction was assumed as a fourth wave correction & the current rise can be considered as the fifth wave.
Trading strategy:
Buy techm with sl of 1020 for tgt of 1140-50.
TATA ELXSI, SwingSmall pole and flag forming in TATA ELXSI. Wait for a break from the upper end of the flag for a target of a 3920 near 52 W high and stop loss of 3400. If it breaks below do not enter. Wait for it to reach 3400ish levels.
Make sure to trade what happens and not what you expect :)
Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
TCS Breakout with Ascending Triangle ?My idea about TCS is clearly visible in Chart.
You can see a Ascending Triangle Pattern formation. Its mostly known for a Positive direction breakout.
We have a lower ascending trendline which is also acting as a support line. You can see Higher lows. Whenever there are higher lows we can say stock is in Up trend.
Upper horizontal trend line is resistance line, you can see the Flat Highs.
This two trend line forming a pattern known as Ascending Triangle Pattern.
So what to do now? Where to take entry?
The answer is simple. We will wait for a breakout. Whenever the stock price breaks the Upper horizontal trendline (resistance). We can take entry after a confirmation candle. For short term or positional as per your preference. But my recommendation is for long term.
Technically you can find your target with a simple calculation.
See in chart, I have measured the distance from resistance to first Low.
A - B = 158.80
Add 158.80 in resistance line price
158.80 + 3164.20 = 3323
We can expect Target near 3323. also you can see this target is near to the resistance from previous highs.
Stock is IT sector leader. Fundamentally strong. Performance is consistently increasing. Nifty 50 stock. Also listed in foreign market.
Can we expect a Bull run ? What do you think ?
This is my personal view. I am neither sebi registered nor stock market expert. You do your own analysis. I am not responsible for any Profit or Loss.
#ExpleoSolutionAny Dip upto 450 can be good opportunity to accumulate the stock for a initail target of 620-640.
Disclaimer: I am not a SEBI registered or authorized analyst.
The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation.
I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
COFORGE: ALGO BUY SIGNALHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
Wipro : Channel Breakout happened, check ur plan !IT stocks are already on deep crisis, there is no takers for them, with GST n other euphoria people are going for FMCG,Infra, Auto, banks, so here comes Wipro which is in Bearish trend for quite a while. The reasons are :
(i) Channel Breakout happened already
(ii) Potential Double Bottom around 472, so note that
(iii) Bearish Trend - Bearish Breakout, Good for directional traders
Check ur plan n decide !