Time frame - 1 D Chart pattern - Diamond formation. 1. Diamond formation is at bottom of downtrend, signaling trend reversal. 2. Chart has already taken support multiple times around 486 levels. 3. Support is at important fibo level of 0.786 adding more conviction. 4. Now, if breakout is supported with volume the can give target of 615. 5. Risk : Reward ratio-...
Seems consolidation is over........ Wait for clear breakout...
HFCL technical analysis : 1. Reversal after pullback till 0.382 levels of fibonacci retracement. 2. Strong uptrend support trendline. 3. Reversal from converging point of 0.382 levels and uptrend support trendline showing strength in trend reversal. 4. CMP - 71 ; Entry - 71 ; Target -1 : 83.50 ; target -2 : 94 Upside potential : 32%
A good set up formed in Philip carbon. Weekly TF broke out with good volume support. Next target can be 280
*Stock has given a bullish Inverted H & S Pattern breakout on weekly chart & closing above neckline . *02 years long term trend line breakout already happened. *If we look at the volume part, significant volume activity is witnessed at the time of breakout. *Price has also trading all the important moving averages. *Considering all technical evidences we may see...
*The 2395.00 area is a potential RESISTANCE breakout now and act as a support for now and at the same time this kind of pattern breakout (RECTANGLE) in price is sustainable and high probability. Risk is too low now. *This stock breakout the resistance level with high volume. *Price trading above all the moving averages. *Present trend and sector in bullish trend. ...
*BEL weekly chart trading above important levels 122.00 and breakout in #inverted H & S chart pattern with high volume. *As per the Chart pattern the first target is 160.00 and 220.00 with the support level of 99.00 closing basis.
* In hourly chart made a inverted H & S pattern and already breakout in hourly chart. So go long with target of 172.00/180.00/185.00 with stop loss of 155.00 . * Always trail stoploss when price move in your direction.
Breakout in DMART.
* Breakout the Fibonacci level of 0.618 with high volume. * Target should be 220.00 1st and then trail ur stop loss because sky has no limit
MY VIEW ON BN *What we have discussed yesterday all target achieved. *Buy if Gap up Open above 31360.00 . When price in your direction always trail your STOP LOSS.
* Lyka Labs Limited is engaged in the business of pharmaceutical products and pharma-related activities, including research. *Market Cap₹ 66.8 Cr. *27 % share pledge with loss making company. *But Technically looks good . *Rounding bottom with Inverted H & S pattern break out.
* 07 months Long consolidation without major correction & made a rectangle patter breakout above 390.00. Added in your watch list when BO will happen i will update here.
*Details mentioned In the Chart.
*Long Consolidation Breakout with high Volume.
*Rounding Base formation in IGL .More conviction when breakout the trend line closing basis. *Added in your watch list and wait for for breakout. *I will update chart when breakout done.
* Pullback completed in Nifty Energy Index. *Inverted H & S pattern Breakout. *Track this stocks from CNX ENERGY INDEX Bharat Petroleum Corporation Ltd. GAIL (India) Ltd. Hindustan Petroleum Corporation Ltd. Indian Oil Corporation Ltd. NTPC Ltd. Oil & Natural Gas Corporation Ltd. Power Grid Corporation of India Ltd. Reliance Industries Ltd. Tata Power Co....
*Flat Base formation & previous resistance breakout in HCLTECH. *ALL target & support level mentioned in the chart.