Retest-structure
3MINDIA RETESTING SYMMETRICAL TL BO3MINDIA is now at the urge of retesting the recent breakout from symmetrical triangle pattern at weekly timeframe
1.) Frist retest point is near 200MA
2.) Supported by RSI
3.) Volume expansion
Execute the trade onle if you see some good sign of bullishness at time of retesting
TARGETS ARE ALREADY MENTIONED IN THE CHART
KEEP STOPLOSS ACCORDING TO RISKPROFILE
ASK YOUR FINANCIAL ADVISOR BEFORE TAKING ANY TRADE
THIS IDEA IS PURELY FOR EDUCATIONAL PURPOSE
Swanenergy is getting ready for BONSE:SWANENERGY
Hello guys, as the supply zone displayed, it has been noticed that that area has been continuously tested and buyers failed to move the stock price above the resistence level.
The lower trendline has been acting as a demand zone from quite a while and while moving upwards it is forming a narrow wedge like pattern. One can take an entry on a closing of candle on a daily basis above the supply zone/resistence, or when the stock is retesting the supply zone after an upmove.
SL should be kept 2% below the supply zone and trail it on every 5% targets.
Thanks guys and share it as much as possible.
WELSPUN- Multi year breakout, buy on retest1) Bullish structure with Higher high and higher lows.
2) Gave a 5-year breakout on 112-113 levels with good volume expansions.
3) Chart is buy on supertrend since march 2020 with increasing relative strenth compared to benchmark.
4) CMP is ~ 140, wait for retest at 112 for confirmations and long positions.
5) Potential Target ~ 209, potential returns 83%
6) Stoploss could be 90~100.
LINDE INDIA CUP AND HANDLE CHART PATTERN- Bullish Trend SoonThe following chart shows the CUP and HANDLE Chart Pattern of Linde India, Expect a Bullish Reversal Soon. A perfect Rounded Bottom was Converted into a Cup And Handle Pattern, giving more clarity towards the overall trend.
Make sure to Place your stop losses correctly, because last year we have seen a huge rally in this Stock. The Monthly Charts show a Perfect Evening Star. So make sure to go somewhere between Mid and Long Term.
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Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.