Breakout Date: 30th June 2021
Breakout Candle Close: 259.70
Price Pattern: Up-Flag on a Daily Chart
Anticipated Price Target: 302
Suggested Stop Loss: 251
Risk-Reward Ratio: 1:4
NOTE: THIS IDEA IS AN ATTEMPT TO PREDICT THE FUTURE PRICE MOVEMENT. INVESTMENT BASED ON THIS IDEA, IF ANY, SHALL BE SOLELY AT THE RISK OF THE INVESTOR.
Price Pattern - Up Flag on Daily Chart
Breakout Candle - 29th June 2021 (Daily Candle)
Close on BO Candle - 4,002.95
Anticipated Price Target - 4,887
Suggested Stop Loss - 3,924
Risk-Reward Ratio - 1:11
NOTE: THIS IDEA IS AN ATTEMPT TO PREDICT THE FUTURE PRICE MOVEMENT. INVESTMENT BASED ON THIS IDEA, IF ANY, SHALL BE SOLELY AT THE RISK OF THE INVESTOR.
Breakout on weekly chart suggests going long for returns of 55% and 80% from thereon.
This idea is purely based on technical chart pattern, so one can go long with a stop loss of 700.
#TradeTheTrend#TechnicalPick
WABAG HAS GIVEN A VERY GOOD BREAKOUT OF C&H PATTERN ON WEEKLY CHART THAT TOO WITH AMAZING VOLUMES. ONE CAN LOOK FOR LONG WITH A STOP LOSS OF RS.259 WCB. 1ST TARGET 541 AND 2ND TARGET 740. JUST A IDEA NOT A RECOMMENDATION. DO YOUR OWN RESEARCH.
The daily chart of GMDC was in a consolidation of one month since 12th May 2021. This consolidation was preceded by an impressive rally. Price gave an upward breakout to the consolidation on a daily candle dated 11th June 2021 and closed at Rs.78.25. This breakout is supported by massive increase in volume. Here I anticipate the price target of Rs.103 in a time...
JK Lakshmi Cement is in an uptrend. After the sharp up rally from the level of Rs.397.50 the chart went into the consolidation. The price gave an upward breakout to the consolidation on a daily candle dated 7th June 2021 and closed at Rs.572.25. The breakout has a support from increased volume. I anticipate the price target of Rs.695 . I suggest the stop loss at...
Gokaldas Exports, after an impressive rally, went into the consolidation. The price gave an upward breakout to the consolidation on a daily chart on 3rd June 2021 and closed at Rs.148.65. The breakout is supported by increased volume. I anticipate the price target of Rs.189 and expected time frame for attainment of the price target is 11-15 daily candles. I...
JSW Energy is in an uptrend. During this uptrend the counter went into the consolidation from 11th May 2021. The consolidation was preceded by an impressive up rally. The price gave an upward breakout to the consolidation on a daily chart on 1st June 2021 and closed at Rs.126. This breakout has a massive volume support. I anticipate the price target of Rs.156....
Kirloskar Oil Engines was in a consolidation which was preceded by an impressive up rally. The price gave an upward breakout on a daily chart to the consolidation and closed at Rs.237.40. I anticipate the price target of Rs.272 and suggest the stop loss at Rs.223 to be followed for the first 4 daily candles starting from 27th May 2021. Thereafter, the profit...
Nice clean Cup & Handle chart pattern is visible in BPCL today. Suggest to go long with Short term target of 495. Expecting some good news flow on the counter in coming days is adding strength.
Disclaimer : Above view are for educational purpose only.
