Rectangle
nifty range bound that rectangle can be considered as support zone in case nifty breaks down
wait for confirmed breakout or next 16800 is will come soon or later based on that plan accordingly which stocks potentially will go with nifty even blue chips will also increase
but 20-25% mostly
so plan accordingly
quality mid caps and small caps can rally around 50%++
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
MUTHOOTFIN - Rectangle & Alternate BatRectangle breakout on Daily Chart of MUTHOOT FINANCE at 1300. Volume was quite good in the last 2 days. Alternate Bearish Bat 113%(1.13 extension) at 1458.50, which, is the same number we get with the clone of the rectangle. Can give a good move in coming days & weeks. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Asianpaints Quantbox BO Strategy !!Asian paint is running inside my Quant Box for some time. Now is the time to break out and it may be either side.
The Box width is 64 points and the probability of a multiple times return of the number is high.
Stoploss will be on the other side of the box once BO is given.
The target has marked on the chart.
Disclaimer: This information is for educational purpose
simple support/resistance trade setup !lic housing finanace : 468.50
trade setup :
1. buy up to 460.50
2. keep stoploss as 447 on closing basis
3. targets : 476.50 / 505 / 528 / 540+
technical buy based on :
1. simple strong support formation in rectangle .
2. double / tripple bottom
3. strong fibonacci buy reverasl zone .786/.886 trade
4. multiple time frame analysis
SRTRance fin forming a rectangle patternRectangle pattern formed
Very astounding consolidation
Both support and resistance are crucial
Though the trend is bullish so we can expect a upside breakout
NIFTY WEEKLY ANALYSIS (17/7/21)Trendline still not broken (price near trendline and in consolidation mode around 15600 to 15900
This week the nifty closed at ATH and managed to close at upper levels.
Making small momentum candles (can break either side, p.s. Major trend is up)
Strong support at 15300 levels
A decisive close above 16000 with a catalyst is needed to enter new territory.
This weak midcap/ Smallcap and many other stocks blasted (realty/ pharma / broking) stocks did well.