Seems an interesting break out....still available at a price first reached 5 years back ! P.S. This is not a reco to buy but shared for review & observation from fellow expert chartists
current market price 765 stoploss 661 target 1237
#Cybertech @ 53.30 1. a slanted Cup & Handle breakout (W) 2. trendline breakout (W) ACCUMULATE for positional trade. #Nifty #Nifty50 #smallcaps #midcapstocks
Nifty - Technical Analysis: -Benchmark indiex NIFTY traded sideways in a tight range, before ending the day with a positive bias. -Today it got rejected from 11500 twice but crossed it with strength and also sustained it till the end. -The markets are almost at the upper end of the trading range and a push above 11,600 could bring in more trading optimism with a...
Muthoot fin closed above important level and 9/21 ema crossover also occured today in 1 hr tf, so I am expecting bounce back atleast upto mentioned levels(1164.8) It will be a intraday trade, but if it manages to close above 1178 then we can hold it for swing target of 1220 as well
BHEL has given a very beautiful for Cup & Hndle Pattern and its now test the channel. We ca Initiate a long trade here with stoploss below previous swing low for target 43-44
Stock has tested in major support zone of 63 and bounce back from those levels and broke the down trendline indicating continuation of the current momentum. A Fresh can be initiated at 66.5-67.5 levels with stoploss below previous swing low for target 1 and target 2
Jyothy Labs is in a strong uptrend and is continuing its move. Recently it has tested its previous resistance which is now working as a support and now given the breakout of a down trendline so we can ride this trend with strick stoploss.
granules india is forming higher highs and higher lows on higher timeframes and it has recently broke long term resistance; As per fibonacci trend analysis at can touch target of 256. cmp 214 stoploss 181 target 256.
if price > 262-263 target1-270 target2-278 follow the channel. tip: if the price goes below the channel at any moment exit;
Also chances of taking support at 272 be patent take confirmation and trade Chart is only for educational purpose
NILAKAMAL IS BREAKOUT OUT OF RANGE AND STRONG UPMOVE IS VERY MUCH LIKELY WAIT FOR 1245 LEVELS TO ENTER FOR TARGETS OF 1350 AND 1490 STOPLOSS 1130 EVEN IN SHORTER TIME FRAME ITS GIVING A FLAG BREAKOUT LONG TERM TARGET IS OF 1950 DO LIKE AND FOLLOW IF U AGREE WITH THE IDEA!!
This is an example of the cup with handle bullish strategy. Buy at CMP, Sl at 244 and Target above 290.
Price making higher highs and higher lows. There is a strong resistance at 148 and expecting breakout above 170. Buy at CMP SL: 148.25 Target: 174 Risk Reward - 3.43:1.