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Retest

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.
NSE:KANSAINERLong
by headymuk
101
HDFC Bank, Swing/positional (Read description for the details)HDFC Bank has given a beautiful breakout from the descending triangle, then retested and again risen. Today it has resisted 1511 level. If price falls we have support of 50 EMA just below. A support from the 50 EMA can be traded for the first target of 1511. If HDFC Bank rises from current level and closes above 1511 to give a breakout from 1511, it can be traded for targets of 1562, 1600 and 1640. Make sure to trade what happens and not what you expect :) Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
NSE:HDFCBANKLong
by dakshjain76
2
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.
NSE:BBTCLong
by headymuk
2