Multiyear Rounding Bottom Breakout RetestingNSE:LUPIN is currently retesting Multiyear breakout, it can also form a cup and handle pattern if it comes down near accumulation and then breakouts on the upperside. 2140 Will Key level on the Upside to break, and 1720 - 1900 will be a good accumulation zone. Keep on Watch.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Retesting
#HITECH Breakout Retest and Volume ConfirmationTechnical Analysis:
HITECH has been exhibiting a strong uptrend on both the daily and weekly timeframes.
Recent breakout followed by a retest of the breakout level, which is a bullish sign indicating
potential continuation of the uptrend.
The retest of the breakout level occurred with declining volume, suggesting weakening
selling pressure.
Today's price action shows signs of renewed buying interest as it attempts to move higher
after breaking the previous high.
Notable aspect: The test of support occurred with very low volume, indicating lack of selling
interest and potential accumulation by bulls.
Disclaimer: This is not financial advice. Trading involves risk, and it's essential to conduct thorough research and analysis before making any trading decisions.
GOODYEAR | Daily Chart | Golden ratio pullbackChart analysis:
Pattern: Symmetric triangle pattern BO happened and re-testing of BO is happening.
Breakout: BO of 1.5 years trend line and support is taken at 0.618 which is Golden Ratio .
Volume: Volume action is clearly visible near breakout zone.
Trade setup:
Entry price: Close of 1400 price break candle.
Stop loss: Below 1320.
Target 1: 1512.5
Target 2: 1623.8
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
GANDHITUBE | Weekly Chart | Rectangle Chart pattern | ATHChart analysis:
Pattern: Rectangle pattern is formed when the consolidation takes place.
Breakout: Rectangle pattern is breakout happened on 24-Jan-2024. Price might comes to 770 for re-test of the BO.
Volume: Spike in volume in BO candle indicating big players are interested.
Trade setup:
Entry price: Between 769.45 and 802.85
Stop loss: Below rectangle pattern i.e., 654.95
Target 1: 957.80
Target 2: 1260.65
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
GRSE Analysis! Descending Triangle!GRSE Daily Analysis!
Descending Triangle Pattern Formation in GRSE!
Descending Triangle Breakout in GRSE!
Will not enter if candle closed inside the Triangle!
GRSE has made Descending Triangle Pattern on a Daily Timeframe. It gave a resistance breakout with high volume currently retesting the support level. Will Resistance become Support in GRSE? Will see
Entry = After Retesting
Target = 738.40
Stop Loss = Below Support
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
DAAWATDAAWAT:- Stock has given breakout, but if you want to plan something, then plan after retesting or near 111.90 level, till then keep your eye on stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
AMBUJACEM Analysis(Ascending Triangle)!NSE:AMBUJACEM Analysis!
Ascending Triangle Pattern in AMBUJACEM on Daily Timeframe!
AMBUJACEM Retesting it's support level!
Ambuja Cements has made Ascending Triangle Pattern on Daily Timeframe. It has given a decent breakout with average high volume. After it retested it's support level. It has made a s pinning bottom candle on it's support level. We are expecting a bullish move in Ambuja Cements. RSI is in sync with price, it is also trending upwards for an additional confirmation we have taken RSI Analysis. Rest of all analysis you can find on chart.
Thank You!
Entry = Entry would be at current levels
Stop Loss =Stop Loss below 395.75 which is it's recent swing level. If it breaks the price may fall down.
Target = 548.60 but 485.25 is a probable resistance level kindly observe price behaviour at this level. If strong bearish candle formed(Bwarish Engulfing, Bearish Marubozu etc.) at this level we will exit.
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
FDCFDC:- The stock has given a breakout and has come for retesting as well as support, keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
MEDANTAMEDANTA:- Ascending triangle pattern has formed and breakout has also given, you can weight proper entry, stock has given breakout from the range, keep your eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Shiba Inu-Double bottom retestingShiba Inu coin formed a double bottom pattern in 15m time frame.It is retesting now from the neckline(S1) and can give a upper breakout to R1.If the neckline breaks out with high volume candles,a long trade can be initiated.Support and resistances are marked on the chart.keep on eye on this trade.
Happy trading.
SCHNEIDERSCHNEIDER:- The stock has also given a breakout by forming a head and shoulders pattern and has come for retesting, keep an eye on it
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
LANDMARKLANDMARK:- The stock has given a breakout by forming a cup and handle pattern and has come for retesting, keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
GREAVESCOTGREAVESCOT:- The stock has formed a pattern like double bottom pattern, the stock has also given a breakout, and the stock has also come for retesting.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Runecoin short-Triangle breakoutRunecoin along with whole cryptocurrency stepped into downtrend.There was a first wave happened already.Now runecoin is restesting from the support level(1.345),and can go to upper resistance level(1.365) as shown in the picture.If the price again falls down from the resistance,a short trade can be initiated there.Also you can check the volume or ADX or RSI at the time of entry for a double confirmation. keep an eye on the trade.Happy Trading.
EPLEPL:- The stock has formed a descending triangle pattern, although a descending triangle pattern is formed, then the stock follows a bearish trend, but it is also called a reversal pattern, if the above trendline sustains after the breakout, then the stock may have become like this. And the stock has also come for retesting. keep on eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Bharat Forge LimitedBHARATFORG:- Stock has done breakout by giving retesting also keep your eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Dot long - double bottom on breakoutDot coin is creating a double bottom pattern which is about to breakout on upside.It is reteting on a lower level now.It could retest from the neckline another time and then will make a long move.RSI is also making a bull divergence.After retesting a long trade can be initiated of 1:2 R:R .Entry and exit level are as shown as the image.Check it out.