TATA Power has given breakout (near Rs 80 range) on a weekly time frame "couple of months before". This breakout took time of around 12 years.
It has already RETESTED its weekly support.
There are some fundamental news also floating around.
* Electric Vehicle Boom Era and Green Energy: Its management is working hard to replace it's thermal power plants to the...
Gail tested its daily support today. I am planning to go long "only if it moves above Rs 134.75" tomorrow. The chart is "upward channel pattern".
The risk reward looks attractive (1:3)
Entry: Above Rs 134.75
SL: 130
Target 149.4
Important points:
1. Please note that Rs 150 is very strong "monthly resistance". Therefore, booking profit at Rs 149 level is best...
Berger paints breakdown from "symmetrical triangle" chart pattern in daily time-frame. I am expecting huge downside rally after a retrace till Rs 591 (which also translates to 1:6 Risk Reward).
I am planning to go SHORT at 725-730 Levels (but not before 3:00 PM), wicks at the top of daily candle tomorrow will add extra confirmation to our trade.
Entry 725-730
SL...
I am posting this chart so that we can trade this opportunity in future. I.e. Learning from the past and implementing in future.
Just look at the chart pattern, it looks like a bearish "flag" in 1 hour timeframe. Just look at the buying pressure at 1st 1 hour candle.
What's next?
Well, I am expecting this rally will continue after a retest at the "breakout...
🔴 ENIL
Previously also it came near the level of 96 and then it took reversal and created a range then breakout the range and a good movement came now also it came near level 96 and created a good bullish chart pattern DOUBLE BOTTOM and now it is near the breakout level
IF SUSTAINS AND TRADES ABOVE THE LEVEL 230 THEN WE CAN EXPECT 282,366,444,511
CONDITIONS...
At Resistance created RSI Divergence in Hourly and 30 minutes Time Frame and Minimum target is 1:1 and after using trailing Stoploss.
Please chech this analysis.
An Rounding Bottom Chart Pattern Breakout happened on the weekly Time frame of NSE:KPRMILL
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned on the charts.
Stop loss will be...
An Inverted Head & Shoulder Chart Pattern Breakout happened on the weekly Time frame of NSE:NAM_INDIA NSE:NAM_INDIA
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned on the...
Analysis Given on 20th November (Monday)
TALBRO (1W TF)
Pattern: RECTANGLE BOX BREAKOUT
- Resistance Breakout - Done
- Consolidation - In Progress
Long Targets - As marked
Short Target - As marked
#stocks #swingtrade #priceaction
Analysis Given on 20th November (Monday)
FDC (1D TF)
Pattern: RISING WEDGE BREAKOUT
- Consolidation - In Progress
- Resistance Breakout - Done
Long Targets - As marked
Short Target - As marked
#stocks #swingtrade #priceaction
As SOLANA continues to follow the chart pattern I previously shared, it has successfully mitigated the demand zone and is currently moving in line with it.
So far, this movement has resulted in approximately a 10% profit . Considering this positive development, it would be wise to start booking profits partially while implementing a trailing stop loss...
Prism Johnson Limited is amongst the largest integrated building materials companies in India, with a wide range of products, namely cement, ready-mixed concrete, tiles, sanitaryware, and bath fittings.
It has just completed a perfect cup and handle pattern . It has given BO of 160 level which is a major resistance of this stock since 2018. Stock approached this...
At the end of last week's session, GOLD continued to maintain a downtrend and fell around the 1933 - 1935 area. If we now label the wave, we can take the starting point of this downtrend at the 1963 - 1965 area, because Before that, there was a quick recovery that ended and created a downward structure afterward.
If we take the peak of wave 1 at 1933 - 1935, the...
