Its a healthy consolidation for stock like BajFin. We can see a big move upwards if this stock crosses 7575 & a downside move can be expected if it crosses 7450.. Keep eye on this stock.
it has tightly consolidated between 140-160 for the last 4 months. RSI showing bullish strength on weekly chart. higher volume across candles indicates good accumulation during consolidation phase. 160 acts as strong resistance, tested multiple times. on daily chart shows cup & handle pattern.
Concor Cmp 736 dated 2.9.2021 1. Rectangle BO @ 730 Buy for tgt of 825 SL 695 It is just a view, pls trade at your own risk.
UPL Ltd Cmp 753 dated 2.9.2021 1. Trendline Support @ 710. 2. Rectangle BO @ 758 Buy above 758 for a tgt of 800-840 SL 735 It is just a view, pls trade at your own risk.
NSE:TRITURBINE This stock was moving in a ascending channel for a long time now it is at the verge of breakout it if crosses above 148 and closes above the channel an up move is possible so have a look at this stock,a retest could also happen if the breakout happens,check in lower time frame for retest.
The above chart is of Weekly Timeframe. We can observe that there was a huge long term resistance at 660 levels which the stock broke in the month of November 2020. After the breakout, the stock has been consolidating at this previous resistance for the past 9 months. It is consolidating in a zone of 660-730 thus forming a Darvas Box. Why trade this stock? 1....
NSE:ZENTEC This stock have sucessfully broken out from its channel and also broken the previous resistance so going long in this would be a good idea
Asian Paints Cmp 3201 dated 31.8.2021 1 Rectangle Pattern BO @ 3182 Buy for a tgt of 3250-3350-3400 SL 3100 It is just a view, pls trade at your own risk.
In this weekly time frame analysis, we can observe that Asian Paints is consolidating at the previous breakout zone in the form of a rectangle or a Darvas box. A strong RSI of 69 along with bullish harami candle in the weekly time frame shows strength of upcoming bullish momentum. A pure 10% upside is pending Prediction: Buy at CMP SL at 2920 Target - 3400
ABB India Cmp 1850 dated 27.8.2021 1. Rectangle BO @ 1855. 2. Volumes increasing. 3. RSI gave BO. Buy for tgt of 2115 SL 1780 It is just a view, pls trade at your own risk.
Multi-month breakout of the bounded range of parallel resistance and support. Sustenance above 1865 would trigger the north bound journey towards 2100.
PVR Ltd Cmp 1324 dated 28.8.2021 1. Rectangle Pattern has taken reverse from its support @ 1288. 2. RSI Divergence. Buy for a tgt of 1350-1385-1430-1460 SL 1285 breaking above 1460 tgt 1625 It is just a view, pls trade at your own risk.
This script has broken its resistance line with huge volume ,it was in the channel region for almost 12 years finally it had broken out of the resistance ,it seems to be a nice breakout.
This script was consolidating between the channel for more then 6 years now it had broken the channel with good volumes and the retrace is also done with candles taking the restinace trendline as the support region.
Consolidation since last 1 month.. ....Daily chart SL below 940 on closing basis Could possibly give good breakout
Info Edge Cmp 5761 dated 24.8.2021 1. Ascending Triangle Pattern BO @ 5660. 2. Rectangle BO 5660. Buy for a tgt of 5880-6380 SL 5650 It is just a view, pls trade at your own risk.
Muthoot Finance Cmp 1503 dated 24.8.2021 1. Rectangle support @ 1440. 2. RSI Divergence. Buy for a tgt of 1530-1565-1615 SL 1465 It is just a view, pls trade at your own risk.
Rectangle forming on 4H Chart of ASIAN TILES. BUY CMP/193.10 -> 205, 220, 235, 260 Support 182-83, 175-73. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.