HINDALCO 1:5.5+ RR trade set up1. Trend bullish
2. Set up: Breakout & Retest
3. RR 1:5.5+ reversal trade set up
4. Double bottom at retest
Reversalpattern
AKSHARCHEM Reversal trade set up1. Set up: Breakout
2. Bottomed out
3. In process of big rounding bottom
4. RR 1:13+ with 2 probable entries
MCDOWELL - SWING TRADE - 6th December #stocksMCDOWELL (1D TF)
Swing Trade Analysis given on 6th December, 2023 (Wednesday)
Pattern: REVERSAL FROM SUPPORT TRENDLINE
- Volume Spike Buildup Near Support - Done ✓
- Moving back to Resistance - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #mcdowell
RSYSTEMS A good high rewarding set up1. Trend Bullish
2. Price trading at support level after a false breakout
3. High chances price close in green for this week and entry can be high rewarding
SAREGAMA Trade set up1. Bounce from support
2. Low risk & high reward
3. Clearly buyers are step in with wicks
DPWIRES 1:7+ RR Trade set up1. Trend Bullish
2. Weak hands removed with false breakdown
3. RR: 1:7+
4. Price may shoot up faster to trap sellers
ADANIENSOL with 1:8+ RR trade set up1. Set up: Breakout
2. Based built up for reversal
3. higher Bottom building
4. Early entry high rewarding set up
MOL Trade st up with 1:7.9+ RR1. Set up: Breakout
2. Accumulation phase over
3. RR: 1:7.9+
4. Bottomed out
5. Big rounding bottom
KOKUYOCMLN with 1:10+ RR trade set up1. Trend: Bullish
2. Potential 5 years breakout
3. RR: 1:10+
4. SL: follow of weekly closing basis
BGRENERGY 1:4 RR trade set up1. Trade set up: Cup & Handle
2. RR: 1:4+
3. Trend: Bullish
4. Confluence of support
SANGHVIMOV 1:7 trade set up1: Trend: Bullish
2. Set up: Reversal from support
3. RR: 1:7+ RR trade set up
ANURAS Reversal trade set up1. Set up: Potential reversal demand zone
2. Trend Bullish
3. double bottom set up
Railtel LongAfter given upside rally, stock price is taking rest.
Daily Time Frame
As shown in chart, price took support and making a upside reversal pattern.
for study purpose only.
Atul flag breakout-DO NOT MISSAtul is one of the major stock of chemical sector which has been correcting since past many months.
We have seen a reversal in chemical stocks and similar reversal pattern is visible in Atul as well.
A clear flag breakout in weekly TF is visible. Confirmation is above 7600
Stock can even touch ATH if the rally continues for an year.
Keep this in watchlist.
BHEL: Riding the Reversal Wave? Chart Analysis Inside!Hello traders!
Today’s spotlight is on NSE:BHEL stock, which recently surged but is now flashing a reversal candle pattern. Here’s a quick rundown:
Rapid Ascension: BHEL experienced a swift climb, catching the market’s attention.
Reversal Indicators: A reversal candle pattern has emerged, suggesting a potential shift in the stock’s trajectory.
Chart Insights: Check out the chart for my marked levels around 220 to 230 – potential key zones.
Derivative Play: Derivative traders, consider exploring ITM PE options based on your research.
Due Diligence: Always a reminder to conduct your research before making any trading decisions.
Stay Informed: Let’s stay informed and navigate these market movements together. Your insights are valuable!
See you in the next post, traders!
Best regards,
Alpha Trading Station
GUJARAT GAS LTD - Reversal possible with good R:RGUJARAT GAS LTD - Reversal possible with good R:R - Early entry - with minimum risk
:- Oil & Gas index has given good breakout on 1-M and 1-W candle.
SURYAROSNI Trade set up1. Set up: Double bottom
2. Price trading at 75% discount (pullback)
3. RR 1:5+
JMFINANCIL - Weekly chart, Wedge Pattern, Huge potentialThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
NOTE - Usually Price Shows reversal with help of certain setups - Inverted H&S, Cup & Handle, Wedge pattern & Ascending Triangle Pattern.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis
Kopran Trade set up1. Trend - bullish
2. Stop loss hunt before upside move
3. Good strength in the candle if close at day's high
Linc Trade Plan set up1. Trend Bullish
2. Reversal break break of downtrend Channel
3. Strength - Strong
4. RR is 1:5+ and much more
DONER looks good for swing trade.The recent swing has broken its all time high and now it has formaed an uptrend pattern with breakout ofter pullback. The minor trend of the pullback has changed into uptrend which is indicating a bullish move in incoming. Do your own research before investing.
Stock to watchStock was in correction but it has started forming base( for clear view watch weekly time frame) and also as can see volume activities have increase from six five days looks like accumulation is happening. All of this thing is indicating that big move is about to come. I think this stock is good few months. If the support is broken than can move farther down side. This is for education only
Mastering the Double Bottom Chart PatternA double bottom, combined with RSI divergence, can be a powerful signal for a trend reversal.
What's a Double Bottom ?
It's when a stock's price forms two distinct lows on a chart.
The pattern is confirmed when prices rise above the peak between those two lows.
Why Does It Matter?
The double bottom marks the end of a downtrend and the start of an uptrend.
It's one of the most common patterns, but it needs careful analysis.
Adding RSI Divergence:
RSI measures a stock's strength and momentum.
Look for RSI to form higher lows while the price forms lower lows. This is RSI divergence and a strong bullish signal.
Key Points to Remember
Downtrend First: The pattern begins in a downtrend.
Time Gap: The longer the time between the two lows, the stronger the reversal signal.
Price Increase: Look for a significant price increase between the two lows (around 10-20%).
Volume Matters: Usually, volume is higher during the first low and increases as the pattern confirms.
Breakout Confirmation: Don't act until prices break above the confirmation point.
Pullback After Breakout: Expect a pullback after the breakout; it's normal.
Trading the Double Bottom with RSI Divergence:
Calculate a target price by adding the pattern's height to the breakout point.
Confirm the pattern only after prices break through the confirmation point.
Be patient; not all patterns are double bottoms.
Watch for volume during the pattern's development.
Pay attention to RSI divergence for added confirmation.
Remember: Wait for confirmation, and don't rush into trades based solely on patterns. It's wise to use multiple indicators, including RSI, and keep an eye on market conditions.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
