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Rectangle

Tata Power Cmp 290 dated 6-4-2022 Positional Tata Power Cmp 290 dated 6-4-2022 1. Flag Pattern on chart BO 271 2. Rectangle BO @ 271 3. Volume Surge 4. RSI BO Buy for a tgt of 340-365-425 SL 255 Disclaimer : I am not a Sebi registered Analyst so please do your own Analysis before taking any action, The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, pls trade at your own risk.
NSE:TATAPOWERLong
by SHEETAL_UDESHI
1
TRENT-->BULLISH RECTANGLE BREAKOUTNSE:TRENT TECHNICAL ANALYSIS --> TRENT had made a impulsive upmove earlier and was consolidating in a BULLISH RECTANGLE since 6 months. --> TRENT has given a breakout from a BULLISH RECTANGLE Pattern at 1225. --> TRENT consolidated again in a smaller BULLISH RECTANGLE and has given a breakout above 1315. ENTRY --> Take a postion when stock gives 1 HR closing above 1320 STOPLOSS --> SL can be placed below the Breakout Candle which is 1285 TARGET --> Target will be the height of bigger BULLISH RECTANGLE around 1398.
NSE:TRENTLong
by Roswin-Fernandes
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.
NSE:BANKNIFTY
by OnEchARTed