SBIN Point and Figure AnalysisSBIN point and Figure analysis for educational purpose only. The first target was achieved. The second target of 655 is still active.
Pointandfigure
TATACONSUMER Double Top in Point and Figure Chart with Breakout Double Top Buying Breakout.
CMP: 679.80;
ATR : 56.10;
Adding into breakout level and making target : 729.30
with SL : 665.10 close base 1 day...
Risk is yours and Reward is too yours totally
Escorts: Nice Consolidation, Opens Up Point & Figure CountsEscorts has been in a consolidation after a mini-breakout. The volume signature is interesting with a spike on breakout and a dry up during the recent consolidation. A fresh breakout above 686 will be a sign of strength. The vertical count target for the stock based on Point & Figure chart works out to 800. Am looking for long opportunities on a break out above 686 and will abandon my plan if the stock closes below 650.
Here is the screenshot of Point & Figure Chart with vertical count . d.pr
Note: All my "Public Ideas" should be viewed as a public record of my trading notes or #NotesToSelf. They are NOT meant to be recommendations ..
Tata Elxsi: Nice Looking Chart, A Outperfomer tooThis stock has outperformed the Nifty 50 index in the past few weeks. The chart pattern in the stock is bullish too. Am watching this one with interest. I will be a buyer if the stock breaks out and closes above Rs.1,242. I will be inclined to abandon bullish thoughts on a close below Rs.1135.
Let's see what we have in store !
Take Solutions: Nice Follow Through ActionI had shared my thoughts on this stock a few weeks ago. Here is the previous post.
Subsequent to the above post, the price did a retest of the breakout area and has displayed constructive price action today. Am already long in this stock and would add more on continuation buy signal in the Point & Figure charts.
BHEL: Potential Double Top Buy After a strong rally, price has consolidated recently. A buy signal would be triggered in this Point and Figure chart above 172.5.
watch this stock.
Power Finance Corporation: Bullish UndertoneThe stock looks bullish in the daily time frame. The bullish view in daily chart would get invalidated on a close below 117. Am looking to add to holdings on a 15-miunte close above 133.5. This one is in my watchlist
