HDFC Daily Chart - TL BreakoutHDFC breaking out of TL on the daily chart. Levels and targets are mentioned on the chart.
Priceactiontrading
VEDL - Monthly BreakoutVEDL successfully Breaking out of Multiyear pattern (11 Years old TL) on closing basis.
BEL - Chart analysis - Near ATHBEL could show some momentum above 192 on DCB. Foring Pole & flag pattern near resistance and routing bottom in the weekly chart too.
PAGEIND - Price action analysisPAGEIND breakout retest done. Looks good for entry now at CMP with SL below the support area for short/medium term holding. Trading at ATH now.
CIPLA 1D LONG : Price consolidating in range from last 1.5 monthPrice is consolidating in tight range from last 1.5 month. One can add this to watchlist to track for upper breakout or down breakout and price retesting support line.
Trading Opportunities:
1) Upper breakout with volume for long position
2) Lower breakout and price taking support and reversal
Dabur 1D - Good example of breakout and retestBreakout candle on 1July with good volume and retest happening on 14 and 15July. Consecutive bearish candle at top with low volume, so I will not consider it as trend reversal yet.
Wait for one good solid bullish candle with volume to confirm the support retest and then should be a good setup for entering short/medium term long position.
I will not enter without confirmation and follow up as Nifty is trading at all time high.
P.S: This is NOT an investment idea or trade tip. You can use this chart for learning purpose. Trading decision to be taken at your own risk.
BRITANNIA 1D - Price approaching strong support zoneBritannia price approaching strong support zone (see chart). One can add this to watchlist and track for support retest and reversal with some good volume to consider for long position.
P.S: This is NOT an investment idea or trade tip. You can use this chart for learning purpose. Trading decision to be taken at your own risk.
" SBI " LongMy analysis is based upon price action trend and Triangle pattern , the first target is based upon 1 hr chart , 2nd target is based upon 1 day chart , 3rd target is based upon weekly chart .
Be patience and Hold as long as you can, i hope you will earn great profit in SBI
Always follow up youur own analysis because any strategy has probability of 50% of succession , follow your own research , this analysis is only meant for edu ideas
ASSOC ALCOHOL - Reversal ASSOCIATE ALCOHOL taking support over TL and Horizontal support area (Confluence zone). Looks good for a swing trade with SL below the TL.
Breakout StockToday gave breakout with +5.79% forming a thick green candle.
Closed above one of the major short term resistance.
Volume not that good but ok. Above average.
Let's see how it move further.
This post is for education purpose only.
AMBUJA - ATH BreakoutAMBUJA cement channel pattern breakout. Trading at ATH now. Looks good for swing traders..
Bank Nifty Analysis 12 july 2021Hello everyone
As Per Hourly Price action 35200 area is resistance area and Support Area 34900.
On the Down side breakdown 34900 It may fall towards 34600 And 34500 area.
On the upper side Any Sustainable Move above 35200 we can see momentum towards 35400 and 35500 area.
Trend Continuation PatternBullish Flag Chart Pattern: Tata Chemicals
Description:
The flag represents a brief pause in a dynamic market move & one of the requirements for a flag pattern is that it should proceed by a sharp and almost straight-line move.
It represents situations where a step advance or decline has gotten ahead of itself, and where the market pauses briefly to "catch its breath " before running off again in the same direction.
Construction of Flag & Pole pattern:
The flag resembles a parallelogram or rectangle market by two parallel trendlines that tend to slope against the prevailing trend.
The flag usually occurs after a sharp move & represents a brief pause in the trend.
The flag should slope against the trend. Volume should dry up during the formation & built again on the breakout .
How to trade flag and pole patterns:
The sideways period is often followed by another sharp rise. This is where the trading opportunity comes in. Once the flag pole and a flag or have formed, traders watch for the price to breakout above the upper flag/trend line. When this occurs, enter a long trade.
Conclusion:
1-Flag patterns are a commonly used technical analysis tool and majorly a choice of breakout traders and swing traders.
2- Flag is formed when there is a minor profit booking in either an uptrend or a downtrend.
3- The pole is formed by a line that represents the primary trend in the market.
4- It is important that flags are preceded by a sharp advance or decline.
FIVE YEAR OLD RESISTANCE BREAKOUTNEC LIFE MADE A 5 YEAR OLD RESISTANCE BREAK THIS WEEK WITH HUGE VOLUME. CAN BE TAKEN POSITIONALLY FOR HIGHER TARGETS.
TCS ANALYSISHello everyone,
As per price action TCS is standing at good support area.
If tcs hold this support area(3250) then once attempt towards 3300 and 3320 for upside
3250 breakdown it will fall up to 3220 3200 .
ICICIPRULI | Intraday | Swing | 1 Hour TFEntry above the day high for swing / intra trade. Breakout retest and confirmation done in 1 hour time frame.
