Rectangle
iifl finance range bound & is for long term 345++ short term 310good to accumulate between 240-280
my fav group is bajaj and my next fav groups are tata and iifl
group wise iifl is good group fundamentally iifl finance is good
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
Voltas Cmp 1205 dated 29.10.2021Voltas Cmp 1205 dated 29.10.2021
1. Rectangle Consolidation support @ 1140
Buy for a Tgt of 1240-1300-1350 SL 1140
It is just a view, pls trade at your own risk.
💸💣--Shriram Transort : Consolidation BreakOut is expected---💸1. Major resistance Zone is Placed between 1535 - 1517, this resistance zone is tested for 4 times this time a sharp breakout is expected.💣💣
2. Support zone is placed between 1271 - 1256.
3. Price is trading above 200 Day moving average.
4. RSI crossed 70 ,giving a strong bullish sign.
5. Price is consolidating between 1520 - 1260 ,from last 8 months.
Breakout done : IIFL33 week cosolidation
2T VCP
volume dry up
strong prior move
next resistance at - 400
SL - 280
2 Patterns single breakout CMP: 442.35, T1: 493, T2: 592, SL: 333
Study :
1. Rectangle pattern breakout
2. Flag pattern breakout
3. Good volume at breakout
Icici bank: Rectangle pattern pattern (Time frame- 1 Day )Icici bank: Rectangle pattern pattern (Time frame- 1 Day )
.
Chart time frame -1 Day )
Trade type -Short term
Duration - 2 months
Entry - 760
Target 1 - 820
Stoploss - 730
Risk : Reward - 1:2
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Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
Icici bank analysis - Logic and PlanEXPLANATION : This is a 15 min time frame chart of ICICIBANK . The stock has been in a consolidate for day both side potential in ICICIBANK , If break any side trade with confirmations . Enter as per your setup .
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Subros Long time consolidation BreakoutSUbros looking good for short-term swing setup for 1st target of 430.
Adani Enterprise - Make or break pointAction Till Date - Since the news-based fall has come in the Adani group shares, Adani enterprise is broadly consolidating in the price range ranging from 1300 to 1575. Earlier in the starting week of the September series, the stock did show some momentum in range expansion but lacked expansion in volumes as it remained more or less in the average daily volume range. Post the 1st week, as the broader market retraced from its heights, the stock corrected as well, and currently, it is testing out its 100 DMA and has managed to respect it for the last 3 days.
What to expect
Short Position - Any kind of short position should only be made when the gives a decisive breakdown from the 100 DMA (Range expansion coupled with higher volumes).
Target - T1 - 1380
T2 - 1300
SL - High point of breakdown candle
Long Position - Any kind of long trade should only be initiated post decisive breakout of the consolidation zone (i.e., above the level of 1575)
Target - T1 - 1700-10
T2 - 1750
SL - 1575
Adani Ports - Is there a Breakout round the cornerAction Till Date - Since the news-based fall has come in the Adani group shares, Adani ports, along with other Adani group stocks has been trading in a range with most of the stocks yet to gather the steam. While Adaniports has shown some good momentum in the starting week of the September series, it didn't give a decisive breakout from the consolidation price range ranging from 654 to 762. As one can see in the chart that the stock has formed a classic flag n pole structure and the stock didn't sustain in the flag range.
What to expect -
Downside - As discussed, the stock didn't sustain into the flag structure and it is taking support @ 100 DMA (734.88 as of 22.09.2021). If the stock gives a breakdown, there is a 90% chance for the stock to retrace till the level of flag bottom i.e., 719. If the broader market takes a breather and the stock manages to break the level of 719, one may expect the stock to test 655-54. SL will be 100 DMA on a closing basis.
Upside - If the stock gives a bounce back from 100 DMA, it will fill the gap at 803-821 (created on 14.06.2021) which will be it's first target. The stock may go for a small retracement post which it will be all set to take out it's life-time high. SL should be placed below 760 on a daily closing basis.
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IEX - Mother Candle Pattern (Hourly Tf)Hourly Time Frame - IEX has been consolidating for the past few sessions and has formed Mother Candle Pattern on Hourly Time Frame with the stock trading within the Hourly candle range (782-819) formed on 13.10.2021 (9:15-10:15 AM). A total of 20 candles have formed within the mother candle till the completion of the 18.10.2021 session. A clear reduction in volumes can also be observed which implies compression.
One may initiate a long/short trade in the stock post completion of Hourly candle above/below the mother candle range respectively with an intraday target of 35-40 points movement on the side of the range violation.
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BajajFinSV - All Set for Stellar RunUpdate Till Date - The Stock has given an astonishing return in the past few months and has been consolidating in the price range of 17047-18744 for the last couple of weeks. We have seen a clear reduction in volumes as the stock was consolidating and the price was moving lower while we have seen a clear expansion in volumes as the stock has tried to move higher. Today (i.e., 18.10.2021), the stock has given a breakout of the consolidation zone with a good amount of volumes but the stock lagged any expansion in the price range on the daily time frame.
What to expect - Some more confirmation is needed to categorize the breakout as a successful one. For this, an expansion in the price range with a good amount of volume will set the stage for another bull run in the stock and one may expect another 1000-1200 points rally in the stock.
One may initiate a long position in the stock once the stock takes out today's (i.e., 18.10.2021) day high of 19091, below will be the targets for a swing trade
T1 - 19500
T2 - 19950
SL - 18560
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Union Bank Of India Cmp 45 dated 17.10.2021Union Bank Of India Cmp 45 dated 17.10.2021
1. Rectangle Consolidation BO @ 44
2. Ascending Triangle BO @ 44
3. Volume Rising.
Buy for a tgt of 65-85 SL 32
It is just a view, pls trade at your own risk.
Regaining momentum - FSL11 week base
2T vcp
very neat and orderly volume contraction
break of upper trendline today with volume
pocket pivot today
SL - below 200 aggressive
below 190 conservative
TGT - open
Accumulation phase in a rectangular box The stock is under accumulation for the past few months.The chart is self explanatory.Read the details given in the chart for a thorough knowledge.
Option sellers can use this script by doing strangle or straddle with break-even falling between 885-999 preferably.
This post is for educational purpose only.
HAL - Accumulation or Distribution?? UpdateIn the earlier idea on HAL (posted on 17/09/2021) I have updated about the price range in which the stock has been trading since 30.08.2021. The stock has not violated the zone on either side. HAL has shown some good price expansion towards the upper range of the zone with clear expansion in volumes. The stock is just confirming the idea that the stage is an accumulation stage and we may expect a break out above the zone very soon. Below will be the target in case of a genuine breakout above the level of 1456 on a daily closing basis
T1 - 1570
T2 - 1790
SL - Below 1340 on a daily closing basis
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Bitcoin- Near channel Resistance, Buy above 61K on Weekly Close1. Trading near the Channel Resistance & All time high
2. Wait for Channel Breakout and all time Closing high breakout on weekly close
3. Buy above 61000 on weekly closing
multiple time frame analysis buy!tatamotors :
trade setup :
1. buy with stop loss as 275 on closing basis
2. targets : 312/325/335/349/357+
key technical highlights :
1. stock is trading in range for the whole year from jan 2021 till today in price band of ( 280 to 357 ) .
2. trading in parallel channel & rectangle pattern
3. multiple time frame analysis
stock is having , good strong support at 280
& multiple strong resistance at 357
4. demand zone
5. recent weekly volume is dry to low .
6. in hourly pattern there is an inverted head and shoulder pattern seen for a breakout at 304 to 305 for 326+ targets
MCX Cmp 1923 dated 8.10.2021MCX Cmp 1923 dated 8.10.2021
1. Rectangle Box Consolidation BO @ 1840.
2. High Volumes.
Buy for a tgt of 2300 SL 1840
It is just a view, pls trade at your own risk.
Gujarat Alkalies – Rectangular Breakout above 381 & retest DoneEntry: above 405 ie CMP
SL - 355
TRGT1 - 800
TRGT2 - 1290.9
DURATION - 2 Years
All numbers are weekly based
Bussiness model : Company produces Caustic Soda Lye, same is used in manufacturing of pulp and paper, alumina, Soap and Detergent petroleum products, few chemical production, water treatment, textiles, metal processing, mining, glass making.
Co was making around 690 net profit pre covid. Even at 10x PE Co should be valued around 6900 crs. Hence traget1 of around 800
Debt to equity : 110 crs debt vs 4771 crs reserve
Debt can be paid back with 3 months profit. So assume Co is debt free.
Net profit and sales continues to grow at stable rate only exception was 2020 Covid Year
Cash flow consistent over past 12 year.
Dividend yeild 1.9%
Book value 660 vs Market price 420 (0.63 times)
Promotor holding 46.28 above average
Volume accumulation seen on daily chart with rectangular breakout of 11 months.
Stock is currently in pull back mode after its breakout so it's a good buy around 405 or higher whenever stock gives green candle on daily chart.
There r few strong resistance (marked on chart black lines), so I'm not expecting quick profit booking on this script
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
nifty buying side after breakout and retestHello guys i had find this trading setup in 15m time frame but its look very bullish in higher timeframe so we can trade above the breakout after price sustained above the channel resistance and will wait for retest and then will take entry with very low risk and high profit also do your own analysis before taking any trading decision also if you like my analysis plz like share and follow and don forget to do comment below thank you god bless you
