Gold is in a parallel channel in Week TF. One leg of downside possible to $1580-$1600 for a big upside movement. Sell Gold at $1880-$1850 for a $1600. Buy Gold at $1580-$1600 for a target of $2200-$2500.
PRINCEPIPE: Prince Pipes & Fittings Ltd PC-A = PC-B Exactly Same #WondersOfPC Technicals: • Strong retracement from lower support of PC-B • Script is respecting the Parallel Channel levels at every levels • Last candle's close above 580 is conforming the BO for Midline of PC-B • Taller green towers in volume indicating support for stronger breakout, and Rounding...
AJMERA: Ajmera Realty & Infra India Ltd PC-A = PC-B Exactly Same #WondersOfPC Technicals: • Script is respecting the Parallel Channel levels at every levels • Last candle's close above 330 is conforming the BO for Midline of PC-B and now moving towards upside of the channel • Taller green towers in volume indicating support for stronger breakout • RSI entered in...
NSE:SUNPHARMA 7 month Consolidation between 800 - 940 & recently Breakout from Ascending Triangle Price approaching 7 Year Resistance zone of 1070 - 1080. Breakout above the resistance zone will make Sunpharma a Rocket. Short Term Target : 1070 Long Term Target : 1542 - 1831 Upside : 50%-70% SL : 880 Rising in Channel since March 2020 and Taking support from...
NSE:TORNTPHARM All Time High Breakout W Pattern Breakout Price moving up in Rising Channel Targets : 1890 - 2030 - 2250 Upside : 35% SL : 1550 Time Frame : 3-6 Months RSI in Bullish Zone & Weekly EMAs acting as Support
Axis bank is continuously moving in a channel. Now it made a bowl pattern at its resistance level from where it can give a 2-3% rise if breaks. Another point is that we can see a good fall if it faced rejection. It can later go up to the lower level of the parallel channel . As of today, it closed with good volume if the market opened in a good range then...
TATACHEM The parallel channels drew in the chart: PC-A = PC- B PC-C = PC-D All of the four PCs are exactly of SAME width #WondersOfPC At point R, levels of 1180, candles respected the resistance of ATH, and came down towards 1030. There, the candles got strong Support of point S which is the midline of PC-C, and bounce back towards the levels of point R...
Moving Averages From the last 2 days the stock traded below the 200ema. The ema lines are making a wave like pattern. The distribution of 20, 50, 100 & 200 ema is very proportional. Breakout Today the stock gives 3 successful breakouts. All breakouts are in the last 3 hours of the market. First breakout of 20ema. Second breakout of Resistance. ...
Targets and Stop loss are mentioned in the chart itself. This is my idea, please use your own discretion before using it. I am not SEBI registered. Thank you, Purus
🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Go long with a SL of 590 and ride the trend until 667 or if strong momentum persists then hold on to the trade.
NSE: KILITCH DRUG Volume Breakout for 247, 271 Break out Momentum play From Oct 15 to Jan 07 consolidation between 149 to 209 On Jan 08, break out with unusual high volume compare to normal day volume, closed above 209. Level 209 seems to be strong resistance. Possible long at current level with strict stoploss 186 and target for 232, 247, 271. If momentum...