Ratnamani is ready for breakoutoverall metal sector booming
The risistance zone tested more than 7 times
very tight consolidation
rectangle pattern
major trend is bullish
Rectangle
ELGIE EQUIPMENTS - RectangleRectangle forming on Daily Chart of ELGIE EQUIPMENTS. BUY CMP/225.10-> 250. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
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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.
GRAPHITE INDIA - RectangleRectangle forming on 3H Chart of GRAPHITE INDIA. BUY CMP/681.1 SL breakout candle low or nearby 30M base formation, Target(s) - 695, 715, 730, 737-40. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Arvind Fashions25-Jul-2021
Arvind Fashions just broken out of weekly consolidation. Upside is completely open.
Buy 197, SL 150, TP 320+ & more
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
stock moving on breakout patterns !ingersoll rand :
technical highlights :
1. multiple resistance breakout.
2. trendline
3. rectangle
trade setup :
1. buy above 1039
2. keep stop loss as 996 on closing basis
3. targets 1150/1247+
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.
ICRA - Trendline & RectangleRectangle forming on Daily Chart of ICRA. BUY 3531 -> 3630, 3730-40, 3800, 3870, 4000. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
