Retest-structure
Trade Review - LalPath labsThe analysis posted on 31 :) RR of more than 1:1 achieved :)
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🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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Breakout + Retest ( Best Opportunity !! )After rally of Asian Paints and Berger Paints , it may be possible that Nerolac paints could show good momentum. It's PE is around 60 and sector PE is around 90.
Now let's talk about technicals :- Stock has been forming symmetrical triangle pattern and now it has given a good breakout . Stock is now retesting the resistance line. If retest is successful , we can see a good up-move.
This is my analysis, done only for educational purpose only, feel free to share your views/feedback.
TORRENT POWER (1 hour, breakout-retest)Torrent Power saw huge buying volumes after posting great results post-consolidation.
It has given a breakout of the wedge-channel pattern on the hourly chart.
The retest is done with extremely low volumes and it is currently at the support zone.
Can go long for short-term.
NSE:TORNTPOWER
CHANNEL + PENNANT PATTERN COMBO POWER !Traders, Lupin has already given breakout from horizontal channel pattern with very high volume and now it has formed pennant pattern . It has also given breakout from pennant pattern and now it is retesting it resistance line. Keep a tight watch at this stock. This analysis was only for educational purpose , feel free to give your feedback/queries.
Falling Channel + Wedge Pattern COMBO !Traders, as you can see clearly that BBTC was first in falling or descending channel pattern and then it gave breakout and formed wedge pattern. Stock also gave breakout from wedge pattern (that too with high volumes ). Now stock is again retesting the trend line (resistance line). Buy once stock start showing positive momentum. Don't buy if stock closes below the resistance line. This was my personal analysis only for educational purpose. Feel free to share feedback/queries.
INDUSIND BANK - Broadening pattern | Target - 1300 🔰 MY thought process :
⭐A broadening pattern on the Daily chart :) meeting with fibo extension giving a perfect round number of 1300 which seems to be achievable but in a while, kinda positional setup for me :)
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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