Triangle Pattern trading set up 1. Low risk and very high reward
2. Patience will be tested to get such kind of targets
3.Follow SL on weekly closing basis, since its aggressive SL
4. 1:11.95 RR trade
Stockstobuy
Simple breakout trade set up1. Breakout with consolidation
2. 1:5 RR trade set up
3. Aggressive traders can keep a tight SL
4. Best part is price is in range of listing candle (Good base developed for upside move
Balkrishna Industries: Bullish TriangleUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept at the point of completion of wave-e (conservative approach) or to the breakout level of wave-d to get the target of this pattern (aggressive approach).
INVESTMENT STRATEGY:
Buy on CMP 2445 , keeping SL of 2150 look for the measured target of 2900/2950 in the coming months
#Adaniport Analysis Stock has given BO as shared previously and made near tgt and again pull back seen, now ready for move higher, follow chart for proper support and resistance levels.
#Ujjivan Financial Services Analysis Stock formed round bottom pattern and given trendline BO at monthly TF, follow chart for proper support and resistance levels.
#Star Cement ATH BO will give or not!Stock is near to ATH BO with good volume build up forming round bottom pattern, good risk reward, follow chart for proper support and resistance levels.
#VA Tech Wabag Breakout Analysis Stock has given BO on monthly/weekly/daily TF with good volume build up, follow chart for proper entry and exit levels.
#Sudarshan Chemical Analysis Stock has given BO on daily as well as weekly TF with strong volume spike and near to formation of round bottom, follow chart for proper support and resistance levels.
Sign of strength of bulls-1 month consolidation is covered in a single day with about 15% up move, must have stocks in PF
-Trend is bullish in all the time frame
# DIVISLAB Breakout Analysis Stock is near to BO on daily chart with good volume spurts, stock retested it's support after 1st BO, follow chart for proper entry and exit levels.
#IOC BO Analysis Stock is trading near weekly/ monthly TF breakout with good volume build up, if sustain above BO level, entry and exit as per marked level.
Pure Price action set up to trade 1. Weak hands have been removed with false breakout
2. Structure is bullish, calculated risk can be high rewarding
3. If price has to move and it intend to remove weak hands, then this should be the place price should reverse
Tech Mahindra - Buying in the Demand Zone (Support Area)Stock has been in a range for a while. Idea is to build a position in the demand zone and sell at the resistance area.
Stock and sector have face pessimism hence it is a contra call trade. Follow SL with Discipline and Exit as soon as it hits.
Disclaimer - Please take positions as per your risk appetite and I am not responsible for any profit or loss.
#WIPRO AnalysisStock is trading near downward channel BO, keep watch BO level for entry, IT stocks are moving well with strong NASDAQ sentiment.
#ELGI Eqpt ATH BOStocks is trading near ATH BO levels, also volume build up seen in stocks, entry if levels sustain above BO on daily TF.
#Arvind Ltd breakout analysis Stock has given BO with good volume build up in weekly TF, if sustain above BO zone, we may see near target and other too. Follow chart.
#RAMCO Cement BO will sustain or not ! Stock has given BO with strong volume spike on weekly TF forming a round bottom pattern, follow chart for proper support and resistance levels
Downtrend channel trading set up1. Chance are less to continue this downtrend channel
2. We soon can expect a breakout
3. Sure Entry is after breakout/ Early entry has it high reward for early risk
4. RR is 1:8+
5. Price is also reversing from FIB 61 golden ratio
Triangle Pattern trading set up 1:7 RR1. Clean & crisp breakout of triangle pattern
2. 12 months of consolidation
3. Major trend is bullish
GSFC looking bullishGSFC 30 mins chart has flag n pole breakout. Good to buy at 181 for target of 195 with sl below 175
AHL looking bullishAHL four hourly chart made good breakout, trading above life time high .. strong marubozu candle. Good to buy at 300 for target of 380,411 with sl below 262
TRIDENT Daily looking bullishTRIDENT Daily looking bullish.. It has trendline breakout/Inverted head and shoulder breakout structure with 200 ema on daily candle support.
Good to buy at retracement near 34 for target of 44 with sl below 32
False breakdown set up to trade1. False breakdown
2. Even after breakdown no follow up fall
3. 3 months consolidation
EXIDE Hourly looking bullishEXIDE Hourly looking bullish.. having trendline brekout/flag and pole like structure..
Good to buy at 193 for target of 197,202 with sl below 190.50
