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APL Apollo Tubes LimitedAPLAPOLLO:- Ascending triangle pattern has been formed and breakout has been given, if the up side sustains, we may see upside movement, keep eye on it. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:APLAPOLLOLong
by AjayDhakad_Keep_it_simple
NIfty Pharma on Bigger TimeframeNifty Pharma index started it's rally after the 2008 crash and top out in 2015. Then it went for a long consolidation till 2020. After analyzing retracement with fibonacci levels I saw that it had took support on 0.618 level and again showed a bullish up move. It crossed it's all time high recently in 2021. Before crossing, sellers tried to change trend but failed and buyers took control lead to forming a bullish hammer and engulfing candle which confirmed a strong rejection. After breakout, for last few months it is in consolidation. These candles in consolidation had formed long lower wicks showing the strong rejections. It's important to see how this month's candle gives closing. In this month one attempt have been failed as wee can see a wick above consolidation zone. And it will confirm the bullish trend. This post is for information purpose only. This is my own analysis should not be consider as calls. Doing analysis in simplistic manner without indicators. Keeping it less complicated. Hope you all like it. Thank You
NSE:CNXPHARMA
by AkshayAdak
Hindustan Unilever Technical AnalysisHindustan Unilever continued uptrend for fifth consecutive and ended at fresh record closing high on August 23.Security jumped 14.75 points or 0.56 percent to 2634.15. FMCG giant Hindustan Unilever have given a good breakout from their key pattern.The stock has been trading in a tight upward channel range for about 2 years (Sept 2019) and has now finally broken out from that range with strong candle.Technically this pattern indicates long term bullish in the market. If the market sustains above the level of 2640, the market expects to gain momentum, leading to an upside projection till 2800 - 2850 level while on the downside support is intact at 2600 . Momentum indicators like RSI and MACD will stay positive and market breadth will improve, further strengthening.
NSE:HINDUNILVRLong
by asifahmadkhan