As, chart says banknifty have given breakout above 200DEMA where, it has faced resistance 3 times earlier. RSI above 60 indicating strength in breakout and confirms it's reliability. Also, breakout from inverted head & shoulder pattern is visible. Minimum target of this pattern comes to 36150 but it can move above this also. I'll try to publish an elaborate idea...
Canara Bank broke trendline on daily time frame.. The 218-215 levels will act like an immediate support & if it stays above these levels we could expect target of 235 & 250 Place stop loss below 205 on closing basis. For educational purpose..
MUTHOOTFIN | Consolidation near resistance + RSI Breakout looks convincing for 10% CMP : 1374 SL : 1330 Target : 1520 1:3+ risk reward setup
Crisil have given breakout from a cup and handle formation above 3500 with peak volumes showing huge buying interest and sudden change in sentiment. Both RSI and MACD are showing positive signs. RSI has breached above 60 which confirms that bulls are very strong. MACD has also shown crossover which confirms change in sentiment. Precaution:- Since broader...
JAGSONAPAL PHARMA has formed a bullish flag pattern in large time frame, and now is giving its breakout, with RSI above 60 and MACD histogram turns positive with buzzing volume, could soon see levels of 250.
RSI Breakout Symmetrical Triangle Breakout MACD Crossover Long Consolidation seems to be over so a good move can be expected. Above a close of 3090, the momentum will pick up.
Elliot wave chart pattern RSI consideration good investment candidate,, use dips to add keep learning dont be dependent
CEREBRAINT | Taken out the swing high with volume + RSI breakout - 40% CMP : 76 (Dip : 70) SL : 65 Target : 105 1:5+ risk reward setup Target Calculated based on Fib.
cup and handle breakout with good bullish fat candle formation,, time for auto stocks to outperform select your stocks from auto sector for investment in coming time they will perform better keep learning
HERO MOTO SPOT CMP 2675 HARMONIC STUDY TIME FRAME :- HOURLY Bullish Bat pattern formation on hourly time frame. PRZ in range 2670-2640 Reversal confirmation above 2730 pattern violation below 2600 levels Upside retracement levels of 2780-2815 possible Triple bullish divergence on RSI where price made lower low 3 time and RSI made higher lows RSI have given...
Multiple harmonic pattern plotting and elliot wave formation double bottom, rising parallel channel formation Lets see whats in store..
Elliot wave study and structure formation,, road map mentioned in chart,, rsi have given breakout from falling wedge formation Lets see whats in store,,
Tvs shri chakra elliot wave formation rsi breakout consolidation around current levels small retracement and breakout would lead to much higher levels.. Lets see whats in store,, have marked the road map , try to decode the calculation
Aster dm spot cmp 193 inverted head and should pattern breakout and retest hidden bullish divergence on rsi falling trendline breakout in rsi major elliotwave impulse wave in formation let see whats in store,, have mentioned roadmad will keep tracking
Darvas box study and price action measured move application on hourly time frame rsi breakout,, Lets see whats in store
GREENPLY | Looks good in daily time frame too - 15% RSI Breakout Trendline Breakout Channel Breakout CMP : 195 (Dip : 190) SL : 180 Target : 220 1:3+ risk reward setup
TECHM | RSI + Channel breakout - Looks good for 13-15% CMP : 1567 SL : 1490 Target : 1800 Almost 1:3 risk reward setup
In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...