Stock did the breakout today expecting big move in this counter atleast 200 to 300 rs upside can go long with small SL as per chart pattern
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NSE:KOTAKBANK
Hello All!!
The chart is pretty much self-explanatory. There is a pole and flag pattern. Also, it's the bottom of the channel and is supported by a 50 week EMA.
This is thus a triple confluence and thus makes for a really good long position. The Reward to Risk ratio is also really good.
Do let me know your views on this.
HAPPY TRADING!!
*NOT A CALL*
Equitas is forming a pole and flag pattern. It has formed its base around 114.5 and it is now ready to move upwards. One can enter the stock after the breakout of the patterns at around 126 and can get a target of around 150.
Any suggestions about the analysis, please comment.
Cup and Handle breakout and Retest has been witnessed.
Also while making the cup the stock travelled in a Parallel Channel which broke out and has retested the Channel as well.
Recently it made a Pole Flag Pattern and the last session gave a Breakout .
bank nifty is forming pole flag pattern and with nifty at ATH, we can see bnf also following the same path, moreover max OI for august month is at 37000 which is another bullish sign!. We just need to wait for breakout to happen!
After good rally upside nifty consolidated for two days now and making a pole and flag pattern which is same as of BANK NIFTY both were in a good move and the good rally continue after this structure is broken. Please comment down below what do you think about the next move of these index.
DVL looks poised to give a high momentum up move.
2 Entry locations identified with relevant SL and target levels
Dhunseri Ventures has an operating revenue of Rs. 181.83 Cr. on a trailing 12-month basis. An annual revenue growth of 112% is outstanding, Pre-tax margin of 74% is great, ROE of 14% is good. The company has a reasonable debt to equity of 3%, which...
JK Tyre and industries have given a breakout of pole and flag pattern and also has a "narrow monthly Value Area". So we can expect a good move upside if the market remains bullish.
Comment below what do you think of this analysis.
NMDC was forming a flag pattern which is broken today(29-07-2021) upwards , it is a clear breakout. Stock may retest a bit and if retest is successful , we can see a good upmove .
Target 1 is easily achievable, hence you should book most of the profits there. This can be a good swing trade.
This analysis was done by me only for educational purpose. Feel free to...
