NIFTY50 ANALYSISAs we see NIFTY is forming the RECTANGLE pattern and on verge of breaking 50ema.we can go short below this targets are mentioned in the chart itself.
Rectangle
#Reliance -#RIL topping out?Reliance is forming a rectangle on hourly timeframe after breaking the steep trendline.
uptrend over?
IEXScript Brokeout from a falling counter trendline and a supply zone of 230-235 with 2x the average volumes. We can target for 270+ in upcoming days. SL can be placed around 222.
Happy Trading :)
Disc: Chart posted only for learning purpose.
BANKNIFTY- Breakout TradeRefer 1 Minute chart for Better understanding.
Market was very Bullish , after the price took Resistance, it retraced back to 61% FIB level.
Accumulated, for a bit and Broke out.(13:00 Hrs Candle).
We won't take a position here, as we want a retest or a small consolidation breakout.(In this case it was a consolidation Breakout)
It gives us a better confirmation of where the price is heading.
Without a retest we get trapped most of the times.
At 14:15 Hrs , the price broke consolidation with an impulse move.(14:28 Hrs )
Here we can take position with StopLoss being placed @ the low of breakout candle.
Target was set near Day's high.
Swaraj Engine Cmp 1354 dated 1-4-2022Swaraj Engine Cmp 1354 dated 1-4-2022
Rectangle Pattern on chart.
Buy above 1365
for a tgt of 1415-1480-1525-1585 SL 1275
t is just a view, pls trade at your own risk.
HAL - Potential breakout above 1420Around 7 months consolidation. Price getting tight. Low cheat entry above 1420.
Brigade - Strong above 540Around 6 months of consolidation. Now trading in a tight range. Ready for a breakout above 540.
Long on DeltacopThis channel is about sharing my views about the Indian stock market. I am not SEBI registered. This channel is only for educational purposes. Before taking a trade takes a suggestion with your Financial Advisor (or) Trade at your own risk. I am not holding any position.
Rectangle pattern break out in Deltacop We can Expect 375/-
COFORGE in consolidationCOFORGE in consolidation zone... might give large move after breakout or breakdown...
#TATASTEEL . Breakout on daily TimeframeSteel stocks are on fire along with other commodity related stocks
Will the break out sustain
DELTA CORP LTD SWING TRADEAs we see RECTANGLE breakout in DELTA CORP. we can go long by keeping our stoploss below 300.
TITAN - Titanic box breakout!TITAN has given a breakout of the rectangular Darvas Box after consolidation since October 2021.
Look to buy on any re-test of the breakout around 2680 levels.
Titan has broken a bullish rectangle patternTitan has formed a bullish rectangle pattern by breaking the resistance line with volume. Do your own analysis before taking any trade
Supreme Petroleum #supremepetro 1000+Breakout with volume.
Weekly volume is already above average.
Expecting 1000+
Not sebi registered. Only for educational purpose.
Take position according to your risk-reward.
ADANI ENTERPRISES INTRADAY TRADEAs we see ADANI ENTERPRISES is in consolidation . We can enter either side after breaking consolidation.
Continuously uptrend |Retrenched to fib & support| Option DataThe stock is in continuously uptrend and given multiple breakout, recently corrected and retrenchment golden level.
The bullish engulfing candle created from support & fib level and partial confirmed from volume surge.
Idea : Go long above mentioned level in week chart with stop loss at support level and target of 30%.
Short only if support broken, target and stop loss as per price action & pivot point.
Option Data : Max Put writer at Strike 400
Max Call writing at price range of 440-450
The option data suggesting that price range between 400-450, above 450 definitely will initiate short covering and will be an entry point.
The above chart based on 2 hourly time, the price broke the trendline and retested level with bullish candle.
Cipla Cmp 982 dated 9.3.2022Cipla Cmp 982 dated 9.3.2022
1. Rectangle Pattern on chart.
2. BO above 997
Buy above 997 for a tgt of 1125 SL 955
It is just a view, pls trade at your own risk.
GujGas Cmp 533.40 dated 9.3-2022 GujGas Cmp 533.40 dated 9.3-2022
Weekly Chart
1. Taken support at the support line & now
moving up.
2. RSI Reversal
Buy for a tgt of 600-675-725-790 SL 485
It is just a view, pls trade at your own risk.
Infobean_LongLooking good for Long Retest is done near 600 level & Retesting Fib Levels 0.5 & 0.382 levels.
Consolidation in Uptrend, Can touch ATHTook Support on 50DMA
Relative Strength +ve
Trade with tight stop, volatile market
APOLLO HOSPITAL SWING TRADEAs we see APOLLO HOSPITAL gave rectangle and trendline breakout. We can go long by keeping our sl below 4434.Targets are mentioned in the chart itself.
