PFC Long 75 Min Time FramePFC Long, 75 Min Time Frame. Today PFC has given a breakout from a range.
Buy. Keep your profit 1:3 and then trail your SL from there.
Rectangle
PIIND Long. 15 Min Time Frame. Range Breakout.In 15 Min Time frame. PIIND has given breakout from a range.
20 EMA Support is also there.
Plan for 1:3 Target.
After that trail SL for higher targets.
TRENT RECTANGLE BREAKOUTTRENT breaking out a range box
with huge volume bullish RSI
and MACD crossover
educationa idea only
Medanta Cmp 691 Bullish Engulfing @ supportMedanta Cmp 691 dated 7-8-2023
1. Bullish Engulfing @ support (engulfed last 3
candles)
2. Volume Rise
Buy above 700 target 710-730-750-775-800
SL 650
It is just a view, please trade at your own risk.
bajaj electricals long consolidation break out might be near bytarget would be breadth size of the box
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
HDFC SHOULD REBOUND HDFC has taken a crucial support at 1628 level and can given good returns it does not breaks the support
SULA VINEYARDS HIGHER HIGHSTHE Fundamentals are a major concern but a technical opportunity can be identified . the stock is moving in a channel of making higher highs 576 can be immediate target
Nifty 50 Nifty 50 important level for intraday on 15 min TF for 02/08/2023.
Wait for the breakout of the box on 15 min and enter with reduced quantity till the closing of hourly candle out of the box. Once hourly candle closes out of the box then we can enter after pullback confirmation on lower timeframes.
NTPC for swing trade.NTPC, which has been consolidating for over 2 years, has the potential to experience a breakout with strong momentum. As visible from chart it has made a rectangular channel pattern where it has retested it's support and bounced back over and over again.
Today, the stock has reached its resistance level and formed a positive candlestick. If the stock breaks the resistance and sustains above this line, it could be an opportunity to take position.
#StockMarket #technicalAnalysis #NSE #NTPC #Swingtrading
SEIMENS RECTANGLE BREAKOUTSEIMENS is coming out from rectangle
with good volume strong RSI
educational idea only
Apollo Hospitals very bullishApollo hospitals stock is looking very bullish in weekly and daily timeframe. It as per the price action, stock is looking very positive for swing and long term holding.
After consolidation, it has given healthy closing on the daily timeframe with good volume. One can buy it for swing trading with targets mentioned on the chart. SL will be seing low. As per its bullishness, we can expect swing targets in 2-4 weeks.
For long term holding, expected targets are 7200 and 8200 in few months. Follow the trendline if want to add more quantity when correction happens.
Don’t forget to follow your risk management.
Happy trading :)
Ind Hotel Cmp 392 Rectangle, Support & RSI reversalInd Hotel Cmp 392 dated 28-7-2023
1. Rectangle Consolidation
2. Reversed from support
3. RSI reversal
Buy above 394 target 400-407-415-425-435 SL 377
It is just a view, please trade at your own risk.
BEL IS COMING OUT FROM RANGEBELis breaking a rectangle
with good volume strong RSI
educational idea only
Breakout Analysis on TATA Chemical. Tata Chemicals had a strong breakout with a huge candle on the weekly closing day.
Tata Chemicals was in a 9-month rectangle symmetric pattern and recently broke out with good volume.
While it has potential to reach its resistance, it's better to wait for a slight correction or retracement before entering. If it comes back to the breakout area, that would be an excellent time to consider entering. If not, we'll monitor if it sustains above the breakout level, and if it does, it's a green signal. Our entry strategy will have a 1:1 risk-reward ratio, as shown on the chart.
Not a recommendation.
Tata Chemical bullish rectangle breakoutAs you can see from the chart the share price has consolidated over the past 2 to 3 months and today it has finally given the breakout.
Not only on the daily timeframe, it had also given the breakout on the weekly timeframe as well.
Amber Enterprises: Positional Play Complete AnalysisNSE:AMBER
A complete analysis of Amber is explained on the chart.
Entry should be above - 2100 closing on daily Candle.
Stoploss - will be below Box low 1840.
Target are :- 2550/2780+
It shows multiple signals can start an Up-trend are:
1. Price at 4-year long support Trend line (Trend is intact from its life low)
2. Fib Retracement at 0.618 Significant ratio. (Measured up trend from life low to life high)
3. Falling wedge pattern is formed at support and its breakout is also done with good momentum.
4. There is a Rectangle Box Base is Forming. ( The price should break above its horizontal resistance of 2095)
this is only for educational purposes only.
Always trade with stop-loss.
I hope you found this idea helpful.
Please like and comment.
Share with Your Friends.
Keep Learning,
Happy Trading!
HINDUSTAN UNILEVER BREAKS DOWN AFTER POOR EARNING RESULTSTECHNICAL ANALYSIS :
ASCENDING RECTANGLE BREAKDOWN -
Price has broken down from the ascending rectangle pattern with confirmation
VOLUME SPIKE -
On 21st july, price has shown huge volume spike with the breakdown indicating strong downward momentum
50D SMA BREAKDOWN -
Price has broken out of the 50D sma after consolidating above it for a long time making it a very strong resistance zone
STRONG SUPPORT-RESISTANCE ZONE BREAKDOWN -
A very strong support-resistance zone level has been broken down by the price which had earlier acted as either strong support level or strong resistance level multiple times
OVERSOLD RSI -
Cherry on the cake is that rsi is oversold indicating very strong momentum behind the breakdown
FUNDAMENTAL ANALYSIS :
EARNING MISS -
On the jun'23 quarter HUL has missed its revenue forecast by ~2.5% & profit forecast by ~4% indicating poor performance by the company
STIFF COMPETITION -
The regional players who had left the market during peak inflation have returned as inflation subsides indicating even higher competition for company
MUTED DEMAND -
Company has said that the demand in rural areas has not yet picked up and consumers are still preferring unbranded alternatives compared to its Tea brand
TP - 2700
SL - 2560
Bullish rectangle pattern breakoutIn the weekly timeframe, Mcdowell is forming a box/bullish rectangle pattern (Breakout happens upside).
Since the breakout happened last week. So, one can go long in it considering the bullish rectangle pattern.
IndiaMart Cmp 3151 Rectangle BO, Volume Rise, RSI BOResults:
Q1-FY24 Jun 23 Jun 22 Growth
Revenue 282 225 25%
Gross Profit 70 58 20%
Net Profit 94 54 74%
Buy Back Offer @ Rs 4000
IndiaMart Cmp 3151 dated 21-7-2023
1. Rectangle BO @ 3052 (done)
2. RSI BO
3. Price Rise with Volume Rise
4. Quarterly result move
Buy above 3160 target 3250-3350-3500 SL 3000
Note :If opens gap up or down than wait for the price to settle.
It is just a view, please trade at your own risk.
CUP WITH HANDLE ashok leyland at new life time high with breakout of an cup with handle. may 2018 high breakout with support of 148 level. keeping stoploss of 148 may give 250 high
no recommendation for buy and sell
ZomatoTime Frame - Weekly
*Study* -
-- A rectangular Pattern Breakout with high volume
-- Reversal pattern
-- Good Volume
-- Fundamentally little weak stock
Target and Stop loss mentioned in Image
Similar Study link below of Anupam Rasayan--
This Chart is only for educational purpose. Do your own study before entering into the trade.
Balrampur Chini Cmp 386.40 Rectangle BO & Reversal from SupportBalrampur Chini Cmp 386.40 dated 17-7-2023
1. Small Rectangle BO @ 388
2. Reversed from support Line
Buy above 388 for target 395-410-415-425-430
SL 375
It is just a view, please trade at your own risk
