Rectangle
BIRLACABLE - Descending TriangleDescending Triangle forming on Daily Chart of BIRLACABLE. Above 123-25 -> 143-47, 160, 175. Support 104, 95, 85, 82-3, 74-5. Volume is low since the last High Volume Candle. Today it bounced back from 104.30. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
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