HI ALL today came across a chart pattern on bajajfinance it is forming channel or box patterns on daily charts within a range of 2150 to 2160 levels can expect some break out on the upper or lower side if price crosses these levels
june month will be interesting to see though i expect upmove towards 36476 to test rectangle upper boundary
TRADING PLAN FOR MONDAY: India bulls housingfinance is in uptrend in monthly, on weekly charts it is trading inside channel and formed hammer at the base of channel the pattern also looks like triple top on daily charts it formed bullish engulfing candle on daily charts rsi on daily charts has been hitting 30 levels and returning back all signs indicating for...
After breaking Hs pattern price trade in side way or in the rectangle for level refer chart
Nicely formed Rectangle Channel gave breakout today and trading below the lower Trend line. One can short the stock by providing the SL of High of today and expect the target around 360. It may be a good RR trade. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
The stock has formed Rectangle pattern nicely. It has shown strength at bottom trend line with increased volume so one can buy the stock with strict stop loss and expect the target to other side. One can also keep it in their watch list and eventually trade the breakout. Disclaimer : All ideas and comments are my personnel view. Please take financial...
RKFORGE is trading in the channel and breakout is imminent I would buy at CMP for T1 = 899 T2 = 949 and more SL1 = 822.1 SL2 = 799
Well i see a Bullish rectangle for short term. I would buy around 124 for target of 128..resistance expected around 126.50 levels...but once it crosses we may see 130 levels as well
Perfect Rectangle offers short term trade which could easily drag the price to 1310/1270 level. One can also wait for the stock to breakout from the pattern and continue with the trade. Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.
After a long formation of nice Rectangle pattern it has given breakout. It has retested the channel thus offers a good trade. Risk to reward ratio is also reasonable at 2.58. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
PSU Banks were in headlines and got hammered, however it seems that all bad news have been discounted as prices are forming triple bottom/Rectangle reversal patterns. These simple pattern are easy to trade for short term keeping the target of upper boundary. It offers an opportunity of 8-10% capital appreciation. It is also called Reversed Three Buddha candlestick...
There is a nice rectangle range with multiple alternative touches on both sides, however the range is not so big to trade so I would wait for a closing above the range and trade the breakout. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
The simplest method to trade in complex word is probably trading the range when price moves between two parallel straight lines. It works mostly and add some money to trading account and if not one knows the risk involved. Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.
Although the trend is down and one no confirmation of reversal yet still one can use the setup to go long at rectangle bottom to generate some profit fast. Disclaimer : All stock recommendations and comments are my personnel view. please take financial consultancy for trading decision.
LTC Working Like Rectangle chart patterns !!! Great Time to Buy now At Support And sale Target is Resistance Level !!! Good luck
i see a good probability of theis stock going to get strength on monday see a two day trade setup to go long for 1909 and 1935 target !