Rectangle: Bank NiftyNSE:BANKNIFTY breaches any one side of the rectangle that side trade can be taken.
Rectanglepattern
NIACL NSE:- NIACL
Wait for breakout rectangle pattern
Strong supports
If level perfect sustain then u think to buy this stock .....
Add ur watchlist....
See the charts draw carefully ....
Polkadot ~ $DOTDot has formed Head & Shoulders pattern & it is trading inside the Rectangle pattern.
NIFTYIT/NIFTY at the Top of RectangleNIFTYIT/NIFTY ratio chart has been trading in a range for the last 9 months since Sep'20, as shown in the rectangle pattern. The chart is breaching the top trend line of the pattern with momentum.
RSI, the momentum indicator, never reached oversold conditions at the two times the ratio touched the bottom of the rectangle, indicating strength. The RSI is also well above 50 and in bullish zone.
Based on this ratio chart, we can expect NIFTY IT to outshine the NIFTY index in the coming weeks if a breakout happens successfully. We will be monitoring the price action and keep this segment updated as and when we see a successful breakout or a fake out/breakdown.
HDFCLIFE HDFCLIFE (W):- 725.95 CMP, LOOKS GOOD FOR MORE UPSIDES :)
1) Rectangle Breakout Soon :)
2) Volume Contraction
Chambal Fertilisers & ChemicalsDisclaimer:
Trade At Your Own Risk,
This is for educational purpose only.
Rectangle pattern breakoutCMP : 196.90, T1: 204, T2: 218, SL: 160.50
Study : Rectangle channel pattern breakout with good volume
SHAKTIPUMP - RECTANGULAR BREAKOUTStock is currently in uptrend (HH &LL). Stock has consolidated well and now given breakout with good volumes .
BoxBO#HindPetro has given a RectangleBreakout or BoxBO on weekly scale. Also its a DoubleBottom breakout. RSIStairs and ADX in bulls favor. Post breakout BO retest done. Stock looks good for medium to long term portfolio investment. Copy book target for the above patterns fall at 335. SL being wider one need to protect it through hedging.
FSLStock has taken support at the breakout near 66-67
Stock is set to move up after this consolidation.
CMP: 74
Target: 87, 93
BANKNIFTY RANGE DETECTED IN 30-MIN TIME-FRAMEBANKNIFTY TREND SETUP
-what is visible right now on banknifty is a rangebound movement
-where the floor is in between 19800-19700
-where the ceiling is in between 20630-20655
-if banknifty breaks 19700 on the next attempt
-banknifty may qualify for "triple top formation"
NIFTY TRADE SCENARIO
-avoid taking directional trade today as we have expiry
-wait for a break below 19700 or a break above 20650
-if we wait we will have a price target of atleast 800 points
-market might again range between 19700-20655
-wait for a range break
BANKNIFTY RESISTANCE FOR THE DAY
20240-20430-20620
BANKNIFTY SUPPORT FOR THE DAY
20040-19840-19740
Hexaware Buy above 347 on Closing BasisHi Friends,
As per chart pattern, Buy possible above 347 on closing basis only with SL 321~ 320 and Target 355, 360, 370 / 374
(Targets possible after stock trading above 347 and sustain only).
Posting for Educational purpose only
Closing Basis means: Stock should be trade above 347 from 3.15~3.30 pm as well as close day >347
CANARA BANK FINALLY BREAKS INTO OUR DESIRED RANGECANARA BANK FINALLY BREAKS INTO OUR DESIRED RANGE WHICH IS VISIBLE IN THE RECTANGLE PATTERN
SINCE THE RANGE MOVEMENT IS BACK IN PLACE AND THE PSU SECTOR IS SHOWING SIGNS OF MOMENTUM
WE ARE BULLISH IN CANARA BANK
BUT WOULD PREFER TO BUY ON DIP TOWARDS 215-213
TRADE VIEW
DEC FUT(26DEC)
BUY@213-215
STOP@210
TARGET 1@230
TARGET 2@245
LOT:2000
QTY:5
