Retest
#CC1 - TD POWER SYSTEMS Cup and Handle breakout and Retest has been witnessed.
Also while making the cup the stock travelled in a Parallel Channel which broke out and has retested the Channel as well.
Recently it made a Pole Flag Pattern and the last session gave a Breakout .
Tata Motor at good retest zone!T1 could be - 420
& Ultimate Target, T2 could be - 600.
Fundamentally, 4 Wheeler are facing issue with semi-conductors from Taiwan.
Disclosure: Just for study purpose! :)
NR4 in colpalnr4 candle is formed near support area on weekly cha. breakout will be confirmed if candle closes above 1668 on daily chart. if closes below 1625 it will be a bearish signal.
Reverse Head & Shoulder in RelianceReliance has already broken the neckline, wait for retest to enter in a Long position.
LT Short term swing trade for 10%-15% return As we can see in the chart LT has broken its resistance on the upper side and has given a nice breakout with good volume. After that, it has retested his support zone and is now ready to go upside. One can add some quantity with a small stop loss with today's low as a stop loss. One can get good RR here.
HESTER BIOSCIENCES - The BeginningA breakout from the Inverted Head and Shoulder pattern and retest.
Fresh Journey starts here as it breaks the downward channel.
AUDZND Long Position Setup 4HR TimeframeAUDZND Long Position Setup 4HR Timeframe
if price break the level and wait for retest then enter the long position.
Buy CeatBuy Ceat near 1350-1360 Stoploss 1315 Target 1570
Inverse Head & Shoulder Pattern Breakout and Retest Structure
Pullback and Continuation in ASHOKLEYAshok Leyland gave a Trend line breakout. Now the trend line has been retested and seems to be pullback and continuation. Go long above day high.
ESCORTS - No Stop loss Low Risk PickPure price action analysis. With the low risk setup that I see here , I don't think I would need a stop loss.
1,2,3 Pattern on display is the beginning of every great move and when it falls within a pattern of a triangle breakout and retest as well as an inverted Head and Shoulder pattern + a reversal at RSI bottom what else do I need.
Holding with Patience. Don't ask for time frame. Ride the setup and enjoy the journey (slow/fast) to its destination.
*****
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Always keep a stop loss to rescue you out of troubles if not sure and trail the stop loss as the price rises.
HDFC READY TO CONTINUE ITS UP RALLY AFTER A PAUSEBUY HDFC ABOVE 2685
SL 2620 DAILY CLOSING BASIS
TGT 2870 / 3500
REASON:
1> Long Consolidation Break Out after an Established Uptrend
2> Consolidation Resistance Level has been already retested
3> RSI Sustaining above 60 Level
4> Good Expected RR Ratio
1670-1690 is a strong buy zone - BREAKOUT RETEST IN SAME ZONEBuy the dips in gold. 1720 looks a good entry for positional. Stop remains below 1670 on weekly closing basis.
JMFINANCIL REVERSALthe stock has retested breakout with low volume and now has moved up from support. 108-110 seems like a resistance, above that previous high should be a good target for swing and fib numbers thereafter
POKARNA - Simple yet ReliableVery simple basic tried and tested strategy.
25-26% here is almost a certainty.
Long IBREALEST. target 220, Stoploss: 129IBREALEST is retesting its previous resistence 143.
Can go long at 143 with Stop loss 129 and target 220
JP Power - Trendline BO and retest Watch for a bullish signal.
Technicals:
Trendline breakout and retest done on 1-hr TF.
Very likely to reach 6.5 (Near previous high).
SL can be placed at 4.5
Fundamentals:
Company has come up with net profit after 5 years.
Balance sheet is improving.
Reserves are near all time high
Stock is trading at 0.34 times its book value (15).
Its just an analysis, not a buy recommendation. Consult your financial advisor before taking any decision
Hcl Technologies: Symmetrical Triangle breakoutHCL Technologies broke out of a Symmetrical Triangle formation on the 15-minute chart.
Has already retested the Symmetrical Triangle and simultaneously taking support from a Parallel Channel trendline.
Buy MCXBuy MCX near 1638-1643 Stoploss 1575 Target 1850
Demand & Supply Structure...Breakout & Retest Structure
Buy Foods & Inns ltd. Medium to Long Term IdeaBuy Foods & Inns ltd near 60-63 Stoploss 45 Target 98
Ascending Triangle Pattern Breakout and Retest Structure
