NSE:TATASTEEL has made double bottom and is near the neckline. One can initiate long trade only after closing of breakout candle above the neckline. Keep a wa
Key highlights:
1. Bounced off weekly demand zone
2. Took support from 200 MA
3. Formed the Morning star pattern on 200 MA + demand zone
4. Reclaimed the flip level
5. Bounced off from the psychological level of 3000
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy...
Name- RAMCOCEM
Trading Style- Positional
Strategy- MCC ( Momentum + Consolidation + Confirmation )
Buy Above Breakout Candle High
Stoploss Below Breakout Candle Low
Target Should be 1:2
Note: All the details are provided on the chart itself
Check updates regularly regarding this trade idea
Apar Industires looks bullish for swing / positional trading
Reason to buy:
1. Flag and pole pattern breakout
2. Breakout from the consolidation phase
3. Good volumes and strong candle close in daily and weekly TF
Attached: BPCL Weekly Chart as of 17th March 2023
Going by Harmonics:
A Bullish Anti Bat Pattern has got activated with this Week's Bullish Power Candle Close above 350. This is a BUY signal!🚀
Going by Dow Theory:
We see that Price has also put in its First Higher Low of 314 since the Lows of 288 back in October 2022. This is a Sign of a Trend Reversal...
So this chart of itc is in the weekly time frame, as you can see that, it has given a breakout of a trendline with a great volume of buyers.
And after a breakout, there were two green candles consecutive, with this it has broken its all-time high.
After the breakout of all time high, there was an opposite candle and then we got an inside bar so we got two entry...
In Weekly TF, BPCL is at Crucial Support and formed Reversal Pattern.
Even in Monthly TF, it is forming beautiful Price Action.
I would be going long if the daily TF candle sustains Above 350.
For Swing trading, My Stoploss would be below recent Support turned Resistance i.e Below 330 AND Target would be between 385-400. Matching my 1:2 RR.
For...
NSE:TATAPOWER
CMP : 225
TARGET 1 : 251
TARGET 2 : 271
STOPLOSS : 218
After bearish trendline breakout price is consolidating in zone, perfect entry will be at 229 to 232.
Note : This is not a buy or sell call, this analysis for educational purpose.
SPL Industries (D)
Charts is looking very good and forming the VCP pattern with volume with positive relative strength
Breakout done on weekly basis
CMP - 79 ( CAN BUY AT CMP AND ON DIPS NEAR 65-66)
TARGET - 88/116.50++
SL - 62 WCB
NSE:APCOTEXIND is forming the double bottom formation. Here trade should be taken after the breakout. Will breakout occur?
Note - Breakout is very important for the pattern to be success.
Hello Guys, As we see the Ascending Triangle Pattern is observed in the BANKBARODA stock and the price is on the breakout level in weekly chart and if it breaks above the 107.50 and sustained there then it will be the good positional trade for shorter period targeting the range of 135-140 Rs.
