Retest
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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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
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 :)
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.
Wabag LONGWabag is water management company globally ranked 4th .
It was in downtrend , a perfect inverted head and shoulder pattern formed beautifully and breakout from consolidation.
Long with a target of 363+ initially with a stop loss of 250 CB.
Disclaimer - Only for educational purpose not a recommendation.
(I am invested)