SUMMARY *stock is breaking out of double bottom formation *classical pattern break *rising trendline support *look for double targets with using trendline as an exit barrier TCS DEC FUT BUY@3625 STOP@3545 TARGET@3725-3775-3850
Trade based: in day tf it was still in up trend. just it follows the pattern. more than a month. just now, it broken and also retested. it indicates upcoming days, it will move up to 300
*Stock is breakout of its consolidation phase *Rectangle is a continuation pattern *Normally trend resumes after huge consolidation *Daily and weekly RSI trading above 60 indicates strength *Longs entered already *One can still enter above 1717-1720 *Stop will be deep at 1640 as we are playing it positional *Stoploss will be trailed to buy price when T1 is...
ada has been consolidating since 3 days within and triangle pattern, the colored lines are pitchfork tool lines used on daily time frame to monitor the range or trading and identifying tradeable zones the dotted whites are used for marking small trendlines and patterns so that we trade based on breakout and retest of market structure and patterns waiting...
Wait for the breakout from the channel pattern. and enter only if the breakout candle is highly bullish and keep your risk reward ratio High. Happy trading and cheers!!
Hindpetro has broke out from an inverted head and shoulder pattern (weekly chart) in which it had been consolidating for years. and the stock is retesting the upper trend line for going ahead and this would be the sniper entry point for positional traders. and I would suggest to enter after a strongly bullish weekly candle and can expect a gain of 8 to 14% returns...
SUMMARY:- -stock has broken out of its descending/bearish channel -retest of breakout levels of 7000 done -new attempt to break above previous high will be seen -once previous all time high is taken out -there will be revised new levels
TECHM FUT BUY@1557 STOP@1533 TARGET@1590-1620-1650 note stock is breaking out of double bottom formation looking good for a target of 1700-1800 on positional basis stop is important below stop level pattern will nullify
Stock on weekly chart has bounced from its 60-level rsi It is looking to breakout of a trading range once stock crosses above 1190 we can see some short-covering levels that can be tested is 1215-1238-1260
Stock is looking to breakout of its weekly bearish channel if levels sustain after rbi policy expect10%-20% move on upside
-double bottom break -small stop -1:1 risk reward ratio bajajfinsv sept fut buy@17650 stop@17500 target-1@17900 target-2@18000 target-3@18150 can be intraday or momentum trade
1. Canara bank has given a breakout from the triangle pattern with decent volume 2. Its next target is mentioned in the chart itself 3. The target was a strong support before 2020, which is now going to act as a resistance. 4. Can be a good pick for swing trade.
What is a Symmetrical Triangle ? A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or...
PowerGrid bullish Head and Shoulder breakout.
NSE:GRASIM Sustainable breakout in GRASIM to be expected. Strong Volumes.
Godrej CP weekly chart Breakout-Retest-Confirmation with strong bullish candle closed on Friday. The marked level looks achievable in the near term. Plan you stop loss below the current Support area.
SUMMARY:- -stock is breaking out of pattern -nifty looking to scale to new highs -market looking good on the upside -hdfc can carry financial rally HDFC CASH/SPOT TRADE BUY@2510-2500 STOP@2460 TARGET-1@2575 TARGET-2@2650 TARGET-3@2750 NOTE:- -one can choose futures as per their choice -trade by accepting market knowledge -try to avoid taking unwarranted risk
Maruti Suzuki has given breakout from head & shoulder pattern on daily time frame. Moving towards its target.