Hi everyone, Tata motors short-term swing trade consider buy on pull back 478 target 497 stoploss 466.
LOGIC BEHIND TRADE : Stock has given correction recently & given breakout of dynamic trendline resistance and static resistance too! buying on pull back is best & makes good RR risk reward ratio target identified from harmonic xabcd pattern level 1.272 stoploss...
NIfty50 stock BPCL formed Ascending triangle pattern.
You can see Rising lower trend line having ascending Higher Lows and a Flat upper trend line acting as resistance line.
I have marked A and B point, to calculate the target.
Price at A point = 252
Price at B point = 478.65
Formula to calculate the target is
Target = (Price difference between A & B) + Price...
Bajaj Finance Already In Uprend From Many Months, Now After Day Breakout Consolidated Near Sypport Area And Agin Started To Take A Up Move.
higher High Formation Done With Great Volume. Hold For New High.
TARGET SEEM 6420-6500 FOR LONG,
Once close above upper trendline then we can see a big move.
This is weekly timeframe.
It took support at 0.38 fibo level.
Gave breakout.
As per flag pattern the target comes 3600 levels it's seems way too high and may take yrs to achieve.
But we may see 2370-80 levels soon as it is resistance zone.
Sharp rise in volumes on buy side on weekly timeframe.
Let's see what happens.
This is my own analysis and only for...
Titan has crossed the resistance zone with volume support and also have given closing.
It was in consolidation for almost 5 months.
Good up move expected.
This post is for educational purpose only.
NSE:ADANIPORTS has given breakout after 3 months of contraction inside an ascending triangle . The stock has been taking support from the trendline and has high probability to test all time high.
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,...
bajaj auto is clearly following a regression chennel and resisting the yellow trend line
very simple funda is sell below yellow line, And buy above the yellow line if it crosses
