Shankara- Expiry 5 min inside Darvas + Good for Short BreakoutShankara- Expiry 5 min inside Darvas + Good for Short Breakout
1) Consolidatino
2) Breakout possible
3) VCP
SHANKARA
SHANKARA - Next swing is here SHANKARA - Is in the bottom of the channel in the weekly timeframe. The stock has been trading in the channel for 4+ years and takes support at the bottom of the channel. It is back to the bottom of the channel and has been in the accumulation phase for the past 15 weeks.
The risk-reward is looking very handsome and the company has stable fundamentals.
CMP: 744.40
Stoploss: 663
Target: 930
SHANKARA - Ichimoku Bullish Breakout Stock Name - Shankara Building Products
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 800
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
# Ichimoku Followers
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SHANKARA BUILDING PRODUCTSAfter a heavy fall, share goes in a good consolidation phase. after giving breakout it was making bullish pennant. if we can see a breakout share can go up to 847 we can use Sl of 500
Thanks
SHANKARA BUILDING BREAKOUTany close above the horizontal line is a buy. stoploss and targets are mentioned in the chart
SHANKARA BUILDING RETESTThe chart has seen breakout retest on weekly basis and has formed a hammer candle at support which is a good sign. a reversal can be expected in this stock and should follow the given targets.
SHANKARANote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
SHANKARA - 2 Years of consolidation near Lifetime lowHi Investors,
SHANKARA has been trading near its life time low (LTL) for two years now. Looking good for a long-time breakout with 435. Rest explained in the above chart.
I hope you will benefit from this knowledge
-MetaVish
Shankara Building Products |Trade NiveshShankara Building Products on the Daily Chart is close to breakout. If it breaks out of the Bullish Flag pattern of Rs 540, then it will be a sign of the end of recession in the stock. There are many highlights and high-rise in this. They also found signs of stagnation in the stock.
Shankara Building Products: Nice Breakout TodayThe stock has been consolidating in a trading range for a while now. Have a look at the price action over the past few days. The candle size has shrunk and so has the volume. The rally today represents a breakout from the range. The price action today is also backed by higher trading volume. I have bought a few shares today. Would add more on subsequent buy signals.
