VOLTAS has closed at breakout level and looks bullish abv 582 (small hurdle at 587). Looking at previous history of VOLTAS, this stock move well after confirmation of BO. So this should be on radar for next few days and if it sustain abv 582-87 then it should show good movement. Price action trading is a process of using price to analyze stock possible...
A Buy Call on daily charts based on MACD, EMAs, VWAP and a flag breakout confirmation.
IBULHSGFIN was given for long today above 123.2 at 10:26AM. This was again simple trend line break out trade. I follow same process, try to find same patterns and trade them regularly. Keeping things simple and doing repeated stuff has brought me success. At times, we hit SL and this was the case today due to incorrect chart reading by me. I am sharing below both...
Inverse H&S formation in daily chart, neck-line at 5,600 levels, targets of 5850, 6080 & 6,450 stop below 4,880; pattern target is 6,800; RR 1.66. RSI divergence (Bullish) is observed in daily charts, currently RSI is neutral but is likely to move into bullish territory if price sustains and moves up from current levels. Alternately as stock is NR7 + IB in daily...
As per Chart. Rising Wedge Chart Pattern, Hanging Man @daily Please correct me..if you observe mistake..I am novice..
SO finally there is head &shoulder pattern on dis stock on 15 minute chart.....neckline broken so we r going to short dis stock...entry,exit and sl given on chart. hit like,comment and share KING999
7980 is a level, where a head and shoulder and inverted head and shoulder breakout happened in 2015-2016, Since then it acted as support on weekly chart and never closed below this level. Hope it holds. If breaks, go short for a target of 7500 and 6900
With sustaining at the breakout levels of weekly charts in page industries. It looks bullish from here up to the targets of 30000.
Form "ascending triangle" pattern on weekly chart.
glenmark has formed double bottom pattern on daily charts with neckline around 375 buy for the targets of 420 sl 360
kotak bank is forming double top pattern on monthly charts with neckline around 1477. closing below 1477 will open gates for 1420/1400
Nifty formed an Inverted Head & Shoulder Pattern on 15 Min. Chart. It will be activated after breaching 11313 and Nifty Should touch 11340-11360.
CUP and HANDLE Formation on Daily Chart.
Please check the levels on Chart.
CESC Ltd Technical Reason- -W formation on weekly charts(also know as double bottom) which is a bullish sign for the stock. -Long Candle on weekly charts which cover previous 3 weeks candles. -Breakout on daily charts above 936 has happened last weekend.
Motherson Sumi - H&S formed in weekly chart. Look for breakout of neck line at 300 with heavy volume for downside till 208
levels mentioned on the chart.