Rectangle
SPECIAL CHART: PETRONETMonthly Chart Analysis:
1. Trading in the range of 220-250 for almost 3.8 years. Most candles close in the range. Buyers not allowing to fall below 200, and sellers too not allowing to rise above 300. Tight compression.
2. Right now, trading inside triangle pattern. Watchout for breakout on either side.
3. I am long on this share, because buyers have tried multiple times to take it up. See upside spikes highlighted on chart.
Nifty - Technical Analysis - LongHi Guys,
Please find the detailed analysis of my view in Nifty!!!
Time Frame of Chart - Daily
Market Structure - Advance
Swing Point - Swing Low to Swing High
Last Line of Defense is Braked ? No
What Type of Trend? Strong Trend - Healthy Trend - EMA50
ATR Volatility? Down
CPR? - Bullish Bias
What type of CPR? Extreme Narrow
Previous Virgin CPR is there? Yes
Trend: Bullish
Chart Pattern: Flag and Rectangle
Build Up happened before /after the breakout of the Chart Pattern? Yes At Resistance
Breakout Happened? No
Breakout Happened with god volume in Chart Pattern? Not Applicable
Post Breakout Next Candle in-line with breakout candle? Not Applicable
Retest Happened? No
Whether Breakout happened near the CPR? Not Applicable
Post Retest Any Candlestick Pattern Found Inline With? Not Applicable
In Area of Value whether any trend continuation pattern Found? No
Support: 15700-15650, 15400 and 15050
Resistance: - 16000
Trading:
Buy : Above 16000 ( Closes Above Daily TF)
SL - 15625.90 ( Closes Below Daily in TF)
Target - 17150 ( Based on Fib Extn)
Risk: 374
Reward: 1150
Ratio: 1:3.07
Trade is Favorable ? Yes
Regards,
Thenali Views.
Disclaimer: Kindly do your own analysis before executing the trade or contact
your financial advisor
M&M FIN : trade set up !!!m&m finance : cmp 161.70
trade set up :
1.buy at breakout price zone (160 to 162)
2.stop loss 149 closing basis
3.targets : 178/192/210/224+
technical buy based on :
1. symmetrical triangle pattern .
2. support and demand zone .
3. volume increase at breakout price .
4. cheap valuation valuation in sector .
Orient Refractorie - Classic price action breakoutNSE:ORIENTREF
entry - cmp
sl - 325
trail as per trending HH-HL structure
Reliance sell side continuation patternHello guys i had given reliance already and it is in good 100+ rs profit also who had not entered on that trade they have a good selling opportunity its making continuation pattern we have a good 100+ point move remaining in reliance we for who want to take small risk they can enter here with above pattern sl and big target below and who want to enter safe they can enter after pattern broken and guys plzz note there is no risk free return in stock market you have to take risk to grow your account but taking risk at right time and on right direction its really affect on our account and plzz do your own analysis before taking any trade on my chart i hope i cleared every thing to you if you have any question plzz comment below i will glad to answer of you comment and plzz like share and follow for more charts
Chaman Lal Setia Exports Rectangle BullishPositional Trade: Chaman Lal Setia Exports is gearing up to break out of the rectangle.
Buy: Chaman Lal Setia
CMP: 137
Target: 155
Stop Loss: 131
Holding period: 1 Month