Bank-Nifty/Sector Positive Long rectangle consolidation Breakout with Volume
Stock has given the breakout and now seems to be in consolidation phase. Might run for gap fill ob breakout!!
Might breakout and give a move! Worth keeping a watch!
Rectangular Pattern Breakout seen in GNA Axles with high volume. Buy only if the high of the breakout candle is broken. Target a 1:1 ratio first. Then, if you want, you can keep 25% of your position for 1:1.5 target. Buy levels: 244-246 Stop Loss: 209.85 First Target: 279 Second Target: 292
Bajaj Finance fell today post result declaration. A mega bull run has halted temporarily. Much need correction in price has been started. Scrip is following consolidation followed by a brief upmove strategy, Thus shifting price levels in a ladder-like structure. It will retest the 3115-3130 levels on further correction( lower levels of Top-most rectangle). And...
Stock was continuously in uptrend & now in conolidation phase with very less movements.. Significant decline in volumes observed. Even though Price is in upmove, RSI is in downtrend .. Thus there is a divergence between Price and RSI indicating weakness in the scrip. A correction is expected till bottom of the rectnagle zone till 585 levels. If it breaks the...
One of the key-reasons most traders fail to achieve consistent success is that they do NOT UNDERSTAND the game they are playing. • They fail to understand the true nature of price • They fail to understand the true nature of the game of trading In other words… What we perceive as reality is not necessarily so. Often there is a deeper reality which we have just not...
Rectangular Breakout seen in ORIENTREF with high volume . Buy only if the high of the breakout candle is broken. You can either target a 1:1 ratio or the target given below. Buy levels: 215.5-218 Stop Loss: 183 Target: 252.5
This is trading in range for more than 4 days. If this breaks above 1920, it can gain good momentum, given Nifty FMCG is positive.
After the consolidation of 2 weeks Ambujacem gave the breakout from the channel. This idea is for education purpose only
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Reliance has seen some profit taking come for a while. There is a strong resistance at 2200, which is a very important zone. On Friday, the stock was not able to move out of the right range as marked in the yellow box on the chart. After a period of extended consolidation, the market may be finally ready to take the price above 2200. Strategy: Observe for a...
Wait for breakout or breakdown but look for buying opportunities mostly upside
This has given a range breakout. I feel this can go upto 280 in near future.