Riding the Breakout. Nothing much to explain in this basic price action analysis.
ICICI bank long setup inside channel pattern. Stop-loss targets are plotted on the chart. Los risk trade setup only if it bounces back from the Confluence zone of the support area and TL.
It is a 1hr Time frame chart. Intraday/Swing call to its IPO resistance. An inverted Head and Shoulder pattern seen and the it is time to ride this pattern.
An Inverted Head and Shoulder pattern is in the making. Looking to ride the pattern.
I see an Inverted Head and Shoulder Pattern here and will hold for the targets. Don't ask the time frame.
Market Cap ₹ 9,520 Cr. Stock P/E 7.41 Vs Industry PE 21.2 ROCE 10.2 % ROE 13.8 % OPM 5Year avg 87.4 % Promoter holding 22.5 % (negative) Pledged percentage 0 % Debt to equity 4.58 Intrinsic Value ₹ 1,173 Best of all is at current price Dividend Yield 15.1 % and it consistently paysout dividend. Technically bullish divergence Spotted. After the breakout...
Low Risk Play. I've been keeping an eye here and today's candle suggests that it refuses to fall below that very strong support. The targets can be even more.
Stock has crossed above the Ichimoku Cloud and seems set to head back towards its All time High. From another perspective , one can also say that there was a breakout from a Pole Flag pattern on the day of Breakout.
Simple Price Action analysis. Breakout from a flag pattern. The stock could just keep climbing hereon or there could be a small dip on account of the round bottom formation (CUP). If there is a pull back then a Cup and Handle Pattern would be in formation . Either case the breakout level is 2380.
Bullish Divergence in the Parallel Channel and a diamond pattern seems to be forming. Further, the MACD also seems like a crossover is just around the corner.
After the recent correction, the stock has now turned tides. Awaiting a breakout of the falling channel. MACD also looks set for a positive crossover. Usually , technical analysts recommend buy on horizontal breakouts but when there are more factors to suggest an up move right at the bottom, it is worth taking a risk of 30% of your planned investment in a stock.
After a long uptrend, there has been a good consolidation in turn forming a Pole Pennant Pattern. There has been 4 unsuccessful attempts to breakout past 1280 and with many indexes gearing up for an up move, so shall the IT midcap index and MASTEK looks one of the front runners in this space.
Positive divergences in both the RSI and MFI at the bottom of the Parallel Channel. Reversal just at the 200 EMA adds on to the conviction.
Just a pattern that I feel is doing well. A double Bottom pattern forming at the bottom of the channel. Good ascending Relative Strength
Travelling in the Parallel Channel. Breakout from the Flag pattern. Expecting a good move here.
Anticipating a breakout from a Symmetrical Triangle Pattern while it moves along the Parallel Channel.
- A breakout from the Rising Wedge on Weekly time frame with volume. - Relative Strength beating the index.