200% prior move and then its testing 50 DMA for first time. So its tradable as pullback as well as high tight flag. 7 weeks cup and handle. Though proper entry will be above 129, but if it closes above 124-25 with significant volume, aggressive buy can be initiated. Target will be 140 and 158 i e horizontal S/R.
COFORGE experienced stronger bullish rally and hit the pull back. momentum of pull back is very high and lots of strong bearish candles back of expanding volume, signifies, weaker pull back strength.
Based on Pull back analysis, TCS might settle in range. In order to enter it has to break (1) or it will form a complex pull back structure.
Kotakbank's chart hourly and daily pattern shows its a bullish setup building but option data is showing it is a sideway momentum. There is a pullback due which might show the below setup. Script Action Entry SL Tgt 1 Tgt 2 Kotak Bank Buy 1,761.48 1,673.38 1,849.58 1,937.68
1. LOW VOLUME PULLBACK IN DAILTY TF AFTER BREAKOUT 2. DECREASE IN PRICE SPREAD NEAR SUPPORT
1. HIGHER HIGH - HIGHER LOW FORMATION 2. BREAKOUT WITH HIGH VOLUME 3. RETRACEMEN 4. TAKING SUPPORT ON SUPPLY-DEMAND ZONE 5. TAKING SUPPORT AT 200 MA 6. PULLBACK......??????
The stock broke the orange trendline and is now forming a descending triangle. This is not a recommendation, Its for educational purpose only. Trade Safe!!
Retracment after a channel breakout, waiting for pullback
Retacement after the strong breakout. Now we can see a Pullback from Demand zone if see any bullish candle pattern on demand zone
Right shoulder is yet to form and in last session it has started forming right shoulder so you can go long for trade of pull back at cmp for tgt 930 sl-810 Guys please encourage by clicking on like...
Retracment after a strong breakout. Now we can see a Pullback from demand zone
Retracment after a strong breakout. Now we can see a Pullback from demand zone.
Indus bank is on the verge of breakout keep an eye on it. Formation of triangular pattern and good volume contraction in Bollinger Band indicator. . If bank nifty falls their is a high chances that the breakout will be in the downward direction else sky is the limit. . Calculate your RR ratio and trade accordingly.
Entry 430 Stop-loss 409 Target 530 Risk/Reward 1:5 Axis bank trading at trendline support. Intermediate and short term trends are up. This pullback is an excellent opportunity to go long because of a very favourable risk to reward ratio. Don't invest more than 5% of your total capital into a single stock.
Sellers fail to bring down SBIN 3 times denote's pressure from the bottom to push up. . Reason to buy: 1) Trend Line breakout 2) Buying pressure from bottom . Next best entry will be after retracement i.e after 201.60. Stop loss will be below intimidate swing i.e below 197.00. . RR ratio should be calculated and accordingly trade should be taken.
infy is making a triangular pattern is on the verge of breakup. Stop-loss must be below the immediate swing. . Reason to Buy: 1) Formation of a triangular pattern. 2) Bollinger Bands showing consolidation. . Possible breakout in upcoming few days. After breakout retracement is possible at the same levels and momentum will continue after that.