Dot has formed Head & Shoulders pattern & it is trading inside the Rectangle pattern.
NIFTYIT/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...
#VSSL RECTANGLE PATTERN BREAKOUT AND RETEST HAPPY LEARNING
HDFCLIFE (W):- 725.95 CMP, LOOKS GOOD FOR MORE UPSIDES :) 1) Rectangle Breakout Soon :) 2) Volume Contraction
Disclaimer: Trade At Your Own Risk, This is for educational purpose only.
CMP : 196.90, T1: 204, T2: 218, SL: 160.50 Study : Rectangle channel pattern breakout with good volume
Stock is currently in uptrend (HH &LL). Stock has consolidated well and now given breakout with good volumes .
#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.
Stock has taken support at the breakout near 66-67 Stock is set to move up after this consolidation. CMP: 74 Target: 87, 93
Trading in a rectangle buy above 1131 sell below 1112
BANKNIFTY 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...
Hi 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 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