Retest
TATA STEEL - Cup and handle + RetestTravelling in a Parallel Channel.
Along the way it formed a Cup and Handle pattern and most importantly it broke out with good volumes.
Retested back to the line of least resistance and is now all set for anew journey.
All this is happening at the bottom of the Parallel Channel is great for the stock to head back to the top of the Channel.
Low Risk and High Reward
Hindustan Unilever BreakOut or PullbackHindustan Unilever #HUL
Expecting some pullback(ideal entry around 2216 in this case)
If 2456 resistance breaks then wait for a retest of support
Four reasons to go long1. Bottom trendline support
2. Retest after a breakout of one of the upper trend line
3. Chance to break the upper most trendline
4. Fibonacci support of 0.38 level
ABFRL D chartABFRL breakout retest and continuation on D time frame. Looks good for long entry with SL below previous swing. For short to term buyers.
LUXIND | Breakout above the channel - 12% opportunityLUXIND | Breakout above the channel - 12% opportunity
CMP : 1774 (Can buy during retracement upto 1750)
SL : 1710
Target : 2000
Almost 1:3 risk reward setup
Trendline support with retest and 0.5 fibonacci supportNAVKARCORP looks good for long on weekly chart for 3 reasons :
1. Trendline support
2. Retest of the previous level
3. Fibonacci support of 0.5 levels
GSPLAfter resistance breakout from 240 level the stock showed consolidation and then continued uptrend breaking further resistance levels of 280. After a irregular retest wick rejection has been shown from support and the stock now plans to continue its trend.
KIRLOSKAR BROTHERSAfter breakout with volume the stock has shown an irregular retest and has again continued its rally.
EMAMIPAPAfter Breakout with exceptional volume the stock has shown retraction from previous high levels. After a wick rejection from the resistance zone it has again continued its uptrend.
HOVSHead and shoulder pattern seen. Good volume. Possible breakout. Buying opportunity after retest.
Buy Happiest MindsBuy Happiest Minds Stoploss 525 Target 600 and above
Study : Triangle Breakout and Retest Structure
#GLAND Re-test of BO done #GLAND Re-test of BO done
1. Good to BUY on DIPS
2. Accumulate upto 2530
3. CBSL 2430
4. TARGETs 2706, 2879, 3099,
3214, 3290, 3379+
