FMGOETZE is forming an interesting pattern, this scrip has been trading around 375-350 for a log time now, looks like good accumulation has taken place in this area of interest. The scrip has also entered in a VCP structure with a good shakeout candle, looks like the scrip is all set for a 15-20% move from here on. Stoploss 345 *DISCLAIMER* This analysis is...
it has given shakeout yesterday. if it continues to hold above previous day high, watchout for breakout.
In the monthly chart, on the left-hand side, it can be observed that 2017 highs acted as a strong resistance. But once this level was taken out, it started acting as a support in 2022. Holding the very basic idea that a resistance once taken out, start acting as a support. You would observe this concept several times on this chart. On the right-hand side, we can...
SWING TRADE OPPORTUNITY Stock is in downtrend from Jan 2023 and forming triangular pattern, having major support near 85. It is corrected by nearly 30% from it's high. But now in last trading session it gives breakout of the triangular pattern with very high volumes which clearly indicates the reversal of the trend. Stock is taking support from its major moving...
Please do not trade based on my opinions they are not set in stone. I just have high RR but poor accuracy and I am completely open about it. This is just me keeping log of the trade I took and not a trade recommendation. The previous swing high only gives me 1:5 RR which is not my ideal RR as I gun for 1:10. Let's see what happens when it hits target, I might...
strong prior move of 70% 4 weeks flat base with shakeout flag pattern volume contraction pocket pivot last session with volume > 50 day AVG good above 536
13 weeks CUP base good volume action shakeout done strong fundamentals at ALL TIME HIGH SL - 730 TGT - open
CRASSHHHHHH!!!!!! when everyone was shouting this, we were waiting for this trendline to hold and guess what guys, it did. SHAKE OFF looks like this but to be safe we will still wait for the follow up candle and start buying shares. SAFE TRADING!!!
BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL...
16 week cup n handle shakeout done holding 50 DMA institutional buying seen pocket pivot along with BO TGT - 550 - 650
11 week base - cup and handle shakeout in the middle of base on weekly chart. it changed character to bullish after breaking upper trendline. then it gave pocket pivot on 20/11/20 off 50 MA which was also low cheat entry. now it again gave continuation pocket pivot off 10 MA showing sign of strength. Looking at 600 min and then even further
13 week cup and handle base. around 2 week handle. Volume contraction is very good. shakeout in the base only red flag is 33% depth of the cup. if stays above 70 (weekly S/R) - may touch 100.
9 weeks base. cup and handle. Pocket pivot formed with high volume off 50 DMA. Shakeout in weekly and support on 200 DMA
3 week tight pattern. Extreme volume contraction. shakeout happened. Ready for breakout.
11 week base which was broken today with pocket pivot on strong volume. Promoters increased stakes 4% in last 2 quarters. 50 DMA is holding. Gave some shakeouts in the base making it highly probable.
10 week flat base. Pocket pivot formed followed by a shakeout or squat. Broke the upper trendline and pullback also done.
Biocon : Bullish if Breakout is sustained. Relative strength is good.
Breakout post shakeout is very powerful, this one had two (highlighted in the image). Shakeout is when price falls, comes back up and closes almost equal or minutely in red in a week or one day. The Stock Broke out post that within 4 to 8 weeks ( which is important otherwise the stock is not in a strong uptrend) breaking all resistance on heavy volume. Weak buyers...