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Sharemarket-training-india

CUP AND HANDLE PATTERNThe above weekly chart shows that the price has formed a cup & handle pattern in the last 2 years. If this pattern continues we can expect a breakout on the charts. MACD is showing a likely crossover too. Possible targets may be 1600/1800 or even more. As long as it sustains above 1300, this setup remains relevant. Decide your exit levels according to your position sizing and risk-management. This illustration is only for learning and sharing purposes, not a piece of trading advice in any form. All the best.
NSE:IPCALABLong
by vaibhavparmar071
Wave -5 Breakout in Welspun Living..1. Wave 4 as per EW Theory seems to be in progress. The price actions seems ready to breakout for Wave 5 and a potential 35% upmove. Wave 4 has retraced almost 38% and rise in Volume in last few week shows that wave 5 is just about to begin. 2. Breakout from the rectangular box above 170 can potential take the price to 225-235 range i.e. ~ 35% up from here. Current Market Price - 161. Stop LOSS LEVEL - 145. * NOT A TRADE RECOMMENDATION. ONLY FOR EDUCATIONAL PURPOSE.*
NSE:WELSPUNLIVLong
by Breakoutmasters
CEAT LTD - Fresh breakout on Daily and Weekly chartsEntire tyre manufacturing companies are in good position. This tyre manufacturing company has given a strong breakout on daily and weekly chart. Volume near the breakout is also increasing which is good sign. The stock is in blue sky zone hence, possible targets in the chart can be calculated using Fibonacci retrenchment tool. Disclaimer: Stock shared is for educational purpose and does not contains any buy or sell recommedations.
NSE:CEATLTDLong
by Vipin_Dixena