IT Company, Making wedge pattern, Go long only if it breaks the upper trend line. this is also for our education on how wedge patterns form. you just need patience.
NSE:BANKNIFTY At a Crossroad. After a big rally, it has created a Cup and Handle Pattern, which is a Bullish Pattern. The minimum target in that case would be 47000. But if 43600.35 Support is taken out then a Double Top will form which can take the price down to at least 40000. So, one should trade with caution. At this crossroad between two opposite bias...
Please add CESC Ltd. to your watchlist as there is a potential monthly breakout that is happening after 15 years! There is a huge upside potential if the breakout happens this month (December 2023)
GODREJ INDUSTRIES (1M TF) Mid Term Trade Analysis given on 30th December, 2023 Pattern: CUP & HANDLE BREAKOUT - Breakout of Resistance - Done ✓ - Volume Spike Buildup at Resistance - Done ✓ - Retracement & Consolidation - In Progress - Targets are much larger, but lets start somewhere #stocks #swingtrade #chartanalysis #priceaction #traderyte
GMRINFRA (1D TF) Swing Trade Analysis given on 27th November, 2023 (Monday) Pattern: SYMMETRICAL TRIANGLE BREAKOUT - Upper Trendline Resistance Breakout - Done ✓ - Volume Spike - Done ✓ - Retracement + Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #gmrinfra
Weekly breakout in MARUTI with good volumes. The stock has been consolidating for 16 weeks after the breakout and taking support on the breakout trendline. It is a good zone to buy as the Stoploss is small while the upside looks very good. The stock's Fundamentals look very good as well. Overall it will be a good bet.
Trade logic: Simple horizontal level resistance breakout of 400 which is also the neckline of Cup and Handle pattern. Levels mentioned on chart. Stock has consolidated since long. We can expect quick upmove.
GRAPHITE (1D TF) Swing Trade Analysis given on 15th December, 2023 (Friday) Pattern: RECTANGLE BOX BREAKOUT - Breakout of Resistance & Trendline - Done ✓ - Volume Spike Buildup - Done ✓ - Retracement & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #graphite
Geojit financial has shown cup and handle breakout from trendline. We have seen similar chart in Heromotorcorp where ATH levels have been breached. We might get to see a similar story in this stock. Do check out my Hero motor corp analysis as well. If you like my analysis, please like it and follow me for more such trading ideas.
Logic: Stock has been consolidating in a small range of 1250-1450 since past 7-8 months. A weekly closing above 1500 can be a good sign for reversal. Breakout Confirmation above 1600 DCB. RSI is strong with positive divergence. Chemical sector is showing reversing signs as well.
stock given trendline breakout on weekly and daily chart with good volumes also breaks 50 & 200 DMA Company is almost debt free & maintaining a healthy dividend payout of 20.8% Alkyl Amines is a leading manufacturer of aliphatic amines in India. Aliphatic amines are products derived from Ammonia (NH3) by displacement of H2 in the Ammonia molecule by other...
RBL bank has been bearish since past few years. Stock is showing strength and some signs of reversal. Breakout Entries are always riskier. Levels mentioned on chart. A consolidation above breakout zone is always a good sign.
GTPL Hathway is a very volatile cash stock which has given wild one sided moves in the past. As seen in the chart, stock is in strong uptrend and has reached a supply zone of 185-190. Price action at CMP is going to be interesting. A consolidation before breakout is always healthy. However, if the stock sustains above 190, it can be a risky swing trade for...
#GAIL (1D TF) Swing Trade Analysis given on 24th December, 2023 (Sunday) Pattern: NECKLINE BREAKOUT - Volume Spike at Resistance - Done ✓ - Breakout of Neckline Resistance - Done ✓ - Retracement & Consolidation - In Progress #stocks #swingtrade #chartanalysis #traderyte
📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Falling Wedge 📌 Symbol/Asset: RAIN 🔍 Description: Stock is forming falling wedge pattern around the Long Term Support. We can clearly see bottom is in making. There is a strong support of around 130-135 and we can see huge bounce from hereon. Rain Industries is a Buy On Dips. Not to Miss this opportunity....
#CHAMBALFERT (1W TF) Swing Trade Analysis given on 23rd December, 2023 Pattern: NECKLINE BREAKOUT - Volume Spike at Resistance - Done ✓ - Breakout of Channel Resistance - In Progress - Retracement & Consolidation - In Progress #stocks #swingtrade #chartanalysis #traderyte
#MANAPPURAM (1W TF) Swing Trade Analysis given on 23rd December, 2023 Pattern: ASCENDING CHANNEL BREAKOUT - Breakout of Channel Resistance - Done ✓ - Volume Spike Buildup - Done ✓ - Retracement & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte
#AJANTAPHARMA (1D TF) Swing Trade Analysis given on 23rd December, 2023 Pattern: RECTANGLE BOX BREAKOUT - Volume Spike Buildup - Done ✓ - Breakout of Resistance - In Progress - Retracement & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte