Monthly Chart Analysis:
1. Trading in the range of 220-250 for almost 3.8 years. Most candles close in the range. Buyers not allowing to fall below 200, and sellers too not allowing to rise above 300. Tight compression.
2. Right now, trading inside triangle pattern. Watchout for breakout on either side.
3. I am long on this share, because buyers have tried...
Looking at the sectoral charts on the monthly timeframe highlighted to me how NSE:CNXREALTY was one of the only sectors that hadn't broken out yet or weren't hanging in the air.
Sure, it's still testing the highs, but I felt I'd look at a few major Realty stocks just to see how they're placed on the M charts.
Snapshots of the charts can be found in the...
*FOR EDUCATIONAL PURPOSE ONLY*
According to Top down analysis overall at bullish trend, Demand zone remains at buy range shown above with the golden ration of 61% for medium term and could be possibly the multibagger on higher time frame, entry may initiate in 3 months approx. Keep eye on
State Bank of India showing a multi-month breakout on a monthly chart.
Breakout was preceded by an almost 10 year accumulation. Though the last phase of accumulation was pretty fast, post covid rally helped the phase.
Now, it looks like the accumulation is over and the stock will trend.
This is a good pick for long term investment.
The stock can test 700-800...
Weekly "bullish flag breakdown". I am seeing target near Rs 3.5
This trade will take some time (weeks to months) and it'll test patience.
Don't forget to cover your short once the target hit. And and, go LONG at the Target price (for investing or monthly trading perspective)
QUICKHEAL | Excellent risk reward after huge breakout now perfectly retraced to previous breakout zone. Excellent chart for beginners to learn :)
Looks good for 50% upside move - Weekly chart hence it will be a slow move. Consider buying only for 5% of the capital, not more than that.
CMP : 155
SL : 135
Target : 240
1:4 risk reward setup.