Channel breakoutNSE: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
Rectangle
Asian Paints Cmp 3201 dated 31.8.2021Asian 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.
Big bullish movement in ASIAN PAINTS with opening up of economyIn 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 27.8.2021ABB 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.
ABB 1M TF 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 28.8.2021PVR 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.
FORTIS HEALTH(channel breakout)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.
SHANTI GEAR (channel 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.
JUST DIALConsolidation since last 1 month..
....Daily chart
SL below 940 on closing basis
Could possibly give good breakout
Info Edge Cmp 5761 dated 24.8.2021Info 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 24.8.2021Muthoot 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.
ASIANTILES - RectangleRectangle 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.
ADVANCED ENZYMES - RectangleRectangle forming on 3H Chart of ADVANCED ENZYMES. BUY CMP -> 450, 465-70, 480, 490 Support 418, 410, 405, 400, 395-6. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
KPIT Tech Cmp 357 dated 17.8.2021KPIT Tech Cmp 357 dated 17.8.2021
1. Rectangle Pattern BO @ 362
2. Rise in Volume.
Buy for a tgt of 440 SL 315
It is just a view, pls trade at your own risk.
TATAELXISgiven a good break out after a consolidation and there is nice price
volume expansion.if the stock takes support at 4484 it will be my entry
and stoploss is 4094
EID PARRY LTD1️⃣continuous repetition of the same pattern indicated by 1st ,2nd and 3rd step
2️⃣ With the goverment focus on sugar sector for ethanol blending , given chart could repeat the history with probably 4th step🤞
Tata Consumer Cmp 833 dated 17.8.2021Tata Consumer Cmp 833 dated 17.8.2021
1. REctangle Pattern BO @ 830.
Buy for a tgt of 935 SL 785
It is just a view, pls trade at your own risk.
LTI RANGE BREAKOUT DONE. SWING TRADE OPPORTUNITY.Price Consolidated almost 6-7month long time in a Rectangular Pattern Range..
Nice Breakout done of the range with Volume Support.
SWING TRADE OPPORTUNITY
BUY @ 4700 FOR TGT 5200-5700+ WITH STRICT SL @ 4200
ABCAPITAL NICE MOMENTUM BUILDING UP WITH HUGE VOLUME TOO.Price Consolidated long time, Now Momentum building up with huge volume support too.
All the important levels mentioned on the chart
SWING TRADE OPPORTUNITY
BUY AROUND 120 WITH STRICT SL 110 FOR TGT - 130, 140, 150, 160+
reliance : breakout candidate ( rectangle / triangle )reliance : 2108
highlights:
trade setup :
1. buy above 2133
2. keep stop loss as 2082 on closing basis
3. targets 2153/2207/2245/2280+++
technical buy based on :
1. rectangle
2. triangle
3. breakout concept
note :
stock trading in consolidation phase in a rectangle inside triangle pattern .
good base formation seen for a breakout above 2133 price levels.
higher lows / lowers highs candles are good indicators in a triangle pattern.
recent results are also good (Q ON Q) .
volume is dry in consolidation / correction.
cholafin range bound,can expect 585 now currently at support and can see formation of doji
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
