@HINDALCO : CMP at 420.85 - TGT and SL are in the Chart
RAMCOCEM | Triangle +200 EMA breakout - Looks potential for 40% CMP : 777 SL : 720 Target : 950, 1100 Already shared from 720 level, now this is giving more conviction
SUNTV first broke out of rounding bottom pattern, then consolidated till its 50% fib retracement level & in consolidation it made descending channel pattern. Suntv broke out of descending channel pattern with good volumes. Could be bought with mentioned stoploss & target.
ELECTCAST | Channel breakout + Flag setup - Looks potential for doubling in monthly time frame. CMP : 42 (Dip : 35) SL : 25 Target : 85
Chart Patterns look good for a short trade REASONS 1. In Weekly timeframe, Ashokleyland broke out of the Ascending channel on sep 2022 & Right now it formed a Bearish Pennant pattern and Gave breakdown for that too!!!(SHOWN BELOW) 2. In daily time frame, it is moving alike Inverted cup& Handle pattern(shown below) 3. In 2hr timeframe, it is...
BEPL | Decent channel breakout ahead for big targets CMP : 118 (Dip : 105) SL : 90 Target : 200 1:4+ risk reward setup
You still think Technical Dont work, I posted weekly chart earlier for DMART and later it was slightly adjusted. now we have touched bottom edge and bounced
The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. Conclusion: Downtrend looks minimal before reaching possibility zone. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I...
On Friday, 5 May 2023, Gold price got rejected from the All-time high levels of 2050-2070. The drop resulted in formation of a DAILY BEARISH ENGULFING CANDLESTICK PATTERN as well as an EVENING STAR CANDLESTICK PATTERN at the ATH resistance levels, which shows sellers are active at this level. Checking out previous price action, the GOLD Price is trading in a...
Chart patterns look apt for a short trade in UBL REASONS 1. In Monthly time frame, UBL has been trading inside an Ascending channel pattern taking support and resistance at perfect levels till now. (shown below) 2. Right now, it is under its down swing move inside the Ascending channel pattern 3. In Daily timeframe , Bearish Flag pole pattern...
Asianpaint getting ready for big breakout. There is hammer made in 30min and 2 hour time frame. Immediate target 2909, 2930 and if it sustain 2930 then it will touch 2980.
MUTHOOTFIN broke out of descending channel on an hourly chart with good volumes. Could be bought with mentioned stoploss & targets.
M&MFIN | Trendline + Channel + Small flag breakout - Looks potential for 30% CMP : 190 (Dip : 185) SL : 170 Target : 240 1:3+ risk reward setup
WTI has broken parallel channel and this may be painful. hope it may takes support at line mentioned
BUY only if it crosses high of breakout candle with minimum 1:2 take profit,very nice breakout of falling parallel pattern
MCDOWELL_N | Channel breakout - Has good room for 10-20% CMP : 793 SL : 750 Target : 870, 940
Buy above 18040 with the stop loss of 18000 for the targets 18080, 18120 and 18140. Sell below 17960 with the stop loss of 18000 for the targets 17920, 17880 and 17840. This is my pre market analysis and my trading journal . Not a suggestion to buy or sell.