L&T: Rectangle Breakout!Larsen and Toubro has been consolidating sideways for about a year and half forming a rectangle pattern.
This pattern is finally broken last week. It snow time to enjoy this LONG ride!
Happy learning!
Rectanglebreak
BEL : Ringing the alarm bell for defence sectorsBEL has come out of multi week consolidation pattern. Volume on weekly breakout is high. BEL is all set for 124 level with stop loss below 101. Buy around at 109-106 range.
Note : We have already bought BEL in our portfolio.
~~ Looks difficult to sustain ~~Gillette broke out of a multi-month resistance of around 7110 on Friday with a huge upmove. This is a good sign as it marks a rectangle breakout.
However, It is interesting to see if this breakout sustains in near term.
RSI indicates a downturn from this range as it did historically from similar levels.
As per my analysis, the 7100 levels are important to watch out for and it should act as a strong support if the price sustains above it for some days now.
Rectangle pattern ReversalPrices have formed Rectangle Pattern and traded below it decisively. One can trade the reversal pattern by initiating the short trade for the target of 322.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
CHANNEL/RECTANGLE(RANGE) BROKEN IN BANKNIFTY/SHORT ON PULLBACKSOME PULLBACK EXEPECTED TILL 27550 TOMORROW
IDEAL LEVELS TO GO SHORT ON THE INDEX
CHANNEL BROKEN /RANGE(RECTANGLE RANGE BROKEN)
SHORT@27550-575
STOP@27680
TARGET@27300
LOT:40
QTY:5
NOTE:LEVELS ARE AS PER CASH/SPOT RATE
PLEASE ADJUST IN FUTURES ACCORDINGLY
SWING TRADE IN AXISBANK AUG (FUT)SWING TRADE IN AXIS BANK
POSSIBLE CONSOLIDATION BREAJKOUT
AUGUST FUTURES
CONDITIONAL BUY
BUY@634.5(ABOVE 630)
STOP@629
TARGET@650
LOT:1200
QTY:1
SWING TRADE IN TITAN AUG (FUT)SWING TRADE IN TITAN
AUGUST FUTURES
HOURLY CHART RANGE-BREAKOUT
BUY@940
STOP@930
TARGET@955
LOT:750
QTY:1
NIFTY Rectangle Forming... Possible Breakup 11150Guys NIFTY form Bullish Rectangle Keep Watch and get profit on OPTION
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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