Mahindra & Mahindra Finance - Bullish Consolidation with VolumesNSE: M_MFIN is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Ascending triangle pattern - IGPL looks good!Here's a breakdown of Daily Chart analysis go NSE:IGPL :
Pattern Description: An ascending triangle is formed, there is a combination of higher lows and a constant upper resistance level. The higher lows suggest that buyers are becoming more aggressive over time.
Buyer Aggression: The pattern indicates that buyers are more motivated and aggressive in the market compared to sellers. This is because they are willing to buy at progressively higher prices, which suggests increasing demand.
Upper Resistance Level: The upper flat line of the triangle represents a level at which there is a supply of shares available. This means that sellers are active at this price level, preventing the price from moving higher. This resistance level is typically horizontal.
Breakout Signal: The key event in an ascending triangle pattern is the breakout. When the supply of shares at the upper resistance level depletes, there is often a strong move upward as buyers overcome the selling pressure. This breakout is considered a bullish signal and is seen as a continuation of the prior uptrend.
In summary, an ascending triangle pattern is a bullish sign in technical analysis. It suggests that buyers are in control, and when the price breaks out above the upper resistance level, it is seen as a confirmation of the uptrend and a potential buying opportunity for traders. However, as with all technical patterns, it's important to use other indicators and analysis methods to make informed trading decisions.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
BREAKOUT, SHREYAS SHIPPING, 65% RETURNSBUY - SHREYAS SHIPPING & LO
CMP - Rs. 377
Target - 1: Rs. 489
Target - 2: Rs. 552
Target - 3: Rs. 622
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Timeframe - 3 months - 9 months
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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FINEORG - Bullish Consolidation BreakoutNSE: FINEORG is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Jagson Pal Pharmaceuticals Ltd looks good!Identified a " Continuation Wedge (Bullish) " chart pattern on Jagson Pal Pharmaceuticals Ltd ( NSE:JAGSNPHARM ).
This pattern suggests a potential bullish move in the stock's price, with an expected increase from the current close of 441.85 to a target range of 491.00 - 500.00.
The pattern took approximately 33 days to form, and this is generally the period within which the target price range may be achieved, based on standard principles of technical analysis.
The "Continuation Wedge (Bullish)" pattern represents a temporary pause in an ongoing uptrend. It is characterized by two converging trendlines that slant downward against the prevailing trend. During this consolidation phase, there is a battle between bears and bulls as they try to assert control over the price direction. However, the pattern typically resolves with the bulls prevailing, as indicated by a breakout above the upper trendline. This breakout signals a continuation of the prior uptrend.
It's important to note that chart patterns are just one tool in technical analysis, and their reliability can vary. Traders and investors should consider using additional analysis and risk management strategies when making trading decisions based on chart patterns.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
BREAKOUT, TEAMLEASE SER, 92% RETURNS!!!BUY - TEAMLEASE SERVICES
CMP - Rs. 2621
Target - 1: Rs. 3466
Target - 2: Rs. 4382
Target - 3: Rs. 5048
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Timeframe - 3 months - 15 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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BREAKOUT, TATA INVESTMENT, 54% RETURNSBUY - TATA INVESTMENT
CMP - Rs. 2471
Target - 1: Rs. 2812
Target - 2: Rs. 3381
Target - 3: Rs. 3806
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Timeframe - 2 months - 8 months
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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MUTHOOTFIN - Bullish Consolidation with VolumesNSE: MUTHOOTFIN is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
BREAKOUT, AXIS BANK, 80% RETURNS!!!BUY - AXIS BANK
CMP - Rs. 980
Target - 1: Rs. 1290
Target - 2: Rs. 1550
Target - 3: Rs. 1775
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Timeframe - 3 months - 1.5 years
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Technicals - Ascending Channel Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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BALKRISIND - Bullish Consolidation with VolumesNSE: BALKRISIND is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
BREAKOUT, JAYASWAL NECO, 75% RETURNS!!!BUY - JAYASWAL NECO IND
CMP - Rs. 39
Target - 1: Rs. 50
Target - 2: Rs. 59
Target - 3: Rs. 70
SL - Rs. 31
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Timeframe - 2 months - 6 months
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Technicals - Consolidation Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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GRANULES - Bullish Momentum with VolumesNSE: GRANULES is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
BREAKOUT, LLOYD STEEL, 64% RETURNS!!!BUY - LLOYD STEEL INDUSTRIES
CMP - Rs. 33
Target - 1: Rs. 44
Target - 2: Rs. 55
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Here's the link to my previous take on LSIL -
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Timeframe - 4-6 months
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Technicals - Bullish Triangle Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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