Retest
LIC HOUSING FINANCE: CUP & HANDLEThis is where a cup & handle would have more significance -- At the bottom of a downtrend.
The price decisively crossed the neckline near 490 and is pulling back for a retest.
A hold near the neckline may push the price towards 587 and later 794.
Just notice how the C&H target coincides with the prior highs.
Regards
JJSingh
JUSTDIAL gave amazing Break OutAfter years of consolidation, this guy finally gave a BreakOut.
Smart traders wait for the right entry, so the best entry would be after the Re-test of the Trend line as shown in the chart.
Wait for the right time until then learn and observe, as We are always the student of the market.
If any doubt feel free to reach.
Trade Review - LalPath labsThe analysis posted on 31 :) RR of more than 1:1 achieved :)
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➼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.
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MAXHEALTHCARE - resistance turning supportone of the best example of switching resistance zone to support. as stock looks to be in bullish move which moved side ways for some time from 15th of may. Further breaking resistance zone on 3rd June and retested it on 7th again.
stock mostly will move bullish from here, following the previous trend and make high of atleast 10 to 12%.
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