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Today we are having
NSE: CHOLAFIN
We have already seen that the chart is showing us weakness in the past few days but the scallops patterns have occurred and now you could see a downside
What we have found by analyzing the chart
1. A Scallops pattern has occurred
2. The Chart Breaked a series of dojis and...
NMDC Current STRUCTURE- Rounding Bottom Breakout + RETEST
MULTIPLE CONFIRMATIONS :-
* Volume Expansion - Volumes since the last three months have been huge and continuously expanding
* RSI bullish Divergence- NMDC is forming flat bottoms whereas RSI is forming Lower Highs which is contradicting hence we listen to what RSI is doing and this is an early signal...
Price movement at the current level makes the chart very interesting. It has formed Descending Scallop pattern and gave breakout with good volume that could have drag the prices to 120 level. However it made a strong bar yesterday and thus formed divergence in RSI oversold Area. So I would prefer to consider it a failed Scallop breakout pattern and look for a...
The stock has formed a beautiful Ascending Scallops pattern and closed above the pattern High yesterday thus triggered the buy signal. The patterns is very reliable so one can take advantage of it. One can expect the target of above 145. Theoretically one should provide the stop loss below 124 on closing basis however I would trade it with Stop loss of 127. One...
The stock has formed a beautiful Ascending Scallops pattern and closed above the pattern High on 03.05.17 with higher Volumes. The pattern has already given the buy signal and the recent dips could be used to buy cheap. The patterns is very reliable so one can take advantage of it. The target would be around 860 while one should provide the stop loss below 720 on...
The stock has formed a beautiful Ascending Scallops pattern and closed above the pattern High on 16.02.17 thus initiated the buy signal. The patterns is very reliable so one can take advantage of it. The target would be around 1200. Theoretically one should provide the stop loss below 1040 on closing basis so one can enter now or on dips or modify the Stop Loss,...
I've observed a trade able Ascending and Inverted Scallop pattern in the stock. Trading rules say that one can enter long when it closes above the high of the pattern which is today with the stop loss the Low made during the pattern. Applying the rules : stop loss 395 and target 465 which gives risk to reward only 1 so I am avoiding the entry and keeping it for...
