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Bata India Chart Pattern IntradayOn higher Time Frame ( daily / hourly chart ) there is rectangular channel breakout.
On 15m chart there is Wedge shaped consolidation.
Keep on radar for intraday , Wait for breakout and confirmation.
It is Positive for positional trading also.
Note: Breakout not valid during first 15 minutes, Avoid in case of gaps.
PTC line chartDISCLAIMER:- Equity investment and trading are subject to 100% market risks. I am not a SEBI registered analyst, please consult your financial advisor before investing. This is for educational and learning purposes only. ADMINISTRATOR IS NOT RESPONSIBLE FOR YOUR DECISION AND FINANCIAL LOSSES. Stock market investments are very risky and by being a part of this group, you acknowledge that you understand the market risks involved. Hence any legal action is void.
In weekly Time frame, Trend line as a support - PTC formed a chart pattern inverted head & shoulder with considerable volume. trade during the breakout or during retest.
Entry= 95
Target= 106
Sl = 91.50
JK Paper line chartDISCLAIMER:- Equity investment and trading are subject to 100% market risks. I am not a SEBI registered analyst, please consult your financial advisor before investing. This is for educational and learning purposes only. ADMINISTRATOR IS NOT RESPONSIBLE FOR YOUR DECISION AND FINANCIAL LOSSES. Stock market investments are very risky and by being a part of this group, you acknowledge that you understand the market risks involved. Hence any legal action is void.
In weekly Time frame, near to trendline JK paper formed an Double bottom chart pattern with considerable volume. trade during the breakout or during retest.
Entry= 385
Target= 402
Sl = 370
IRB Infra in Line chartDISCLAIMER:- Equity investment and trading are subject to 100% market risks. I am not a SEBI registered analyst, please consult your financial advisor before investing. This is for educational and learning purposes only. ADMINISTRATOR IS NOT RESPONSIBLE FOR YOUR DECISION AND FINANCIAL LOSSES. Stock market investments are very risky and by being a part of this group, you acknowledge that you understand the market risks involved. Hence any legal action is void.
In weekly Time frame, Trend line as a support - IRB infra formed a chart pattern Double bottom with considerable volume. trade during the retest and any reversal candle.
Entry= 26.60
Target= 28
Sl = 25.70
Bria Cable in line ChartDISCLAIMER:- Equity investment and trading are subject to 100% market risks. I am not a SEBI registered analyst, please consult your financial advisor before investing. This is for educational and learning purposes only. ADMINISTRATOR IS NOT RESPONSIBLE FOR YOUR DECISION AND FINANCIAL LOSSES. Stock market investments are very risky and by being a part of this group, you acknowledge that you understand the market risks involved. Hence any legal action is void.
In weekly Time frame, Trend line as a support - Birla cable formed a chart pattern inverted head & shoulder with considerable volume. trade during the breakout or during retest.
Entry= 133
Target= 141
Sl = 129
Finolex Cables - Modified Up-Flag Breakout on Daily ChartThe daily chart of Finolex Cables shows the price breakout on the modified up-flag price pattern yesterday on 23/02/2023. The price gave the breakout after a consolidation of 5 daily candles. This consolidation was preceded by rally. The price target is estimated at INR 828 and the R/R Ratio is 4.
Note: This is purely academic study and does not intend to give any recommendation for investment purpose.