Kpit Tech Weekly Chart Breakout Kpit Technology Give good weekly Closing. Stock Breakout from cup & Handle Pattern. Good stock to add in your portfolio.
Stockstowatch
H. G Infra Engineering Weekly Chart Stock previously Breakout Above green TL. Now after some consolidation stock again give good momentum candle.
Hindalco - Bounce back from supportOnly for educational purpose.Not a recommendation
Engaged in the manufacturing of Aluminium &Copper Products. An undervalued stock. After breaking the short term support , bounce back from there.Have resistance at 500 levels
Mettopolis Healthcare Intraday ChartMetropolis Healthcare Intraday Chart Analysis. Stock Forming good #VCP Pattern. If Breakout Come we can see good upside.
Alkyl Amines Make or Break level Alkyl Amines stand on make or break level. If stock Breakdown with volume, more downfall will be on the chart.
Also stock already in Stage 3
Route Mobile Weekly Chart Route Mobile at Weekly Support Zone. Good Consolidation seen around Support level. If Breakout Come we can see good upsides.
NCC Monthly A Governments Stock. After a long time stock come near Resistance level. Stock posted good results. If Breakout Come we can see good upside.
Zydus Lifesciences Ltd -Multiple Break outsAn undervalued pharma sector stock moving well above 50EMA. Multiple breakouts happened. Can a buy candidate above 490-500 levels. Fundamentals also good.Support @ 468.
Adani Port Weekly Support Retracement Adani Port took support from Weekly Support Zone. Previously shared support level.
Adani Power Near Breakout Retracement LevelAdani Power After Breakout, now comes near weekly Support Zone. Stock also posted results. Look price action near this zone.
Creditaccess Weekly Chart Credit access stock bounce from weekly Support Level. But for upside need Breakout from Red TL.
NCC- Tends to break a long run resistanceNCC nearing to a strong resistance. If it goes above 100 , can reach to 115 levels.
siemens - Consolidation stage Under a consolidation stage now. Stock is at a resistance level now. Waiting for a breakout . 3500 levels are possible within a month if breakout happen .
ITC- Ready for an explosionMulti Year breakout happened in the stock . Have a support at 360 level. If it bounce back from there , then we can expect a good move.
Navin Fluorine Breakout Soon Candidate Navin Fluorine taking Support from Blue TrendLine. Previously After Result Stock give good Breakout And momentum move. Today also same chart formation going...
Mahindra & Mahindra - Strong consolidation for a breakoutMore than 4 months consolidation happened in a band . Stock is above 50 DMA and nearer to 6 months high. Strong chance for an explosion
IDFC - Near 52 week highA 0% promoter holding NBFC engaged in investment activity. Now its near 52 week high . Trend shows a good upward movement , may cross 100 levels within 1-2 months time span
ACE Daily Chart H&S Continuations Pattern ACE Posted Good Quarter Result. Stock Forming good H&S Continuations Pattern. If Breakout Come we can see good upside.
Apollo Hospital Apollo Hospital Daily TF Chart. Stocks at Support level. If Breakdown come 100-200point move possible.
HINDALCO Weekly Chart HINDALCO Weekly Chart Analysis. There is a Up word resistance level present. Stock moving in a Rising Wedge pattern. Sign of Bearish trend...?
ITC Breakout SoonITC Daily TF Chart. Where Nifty Breaking down its support levels, ITC Shows strength. Watch this stock for Upcoming Trading Sessions
RELIANCE: Head and Shoulders BreakoutTHEORY:
This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head.
The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below.
The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline.
May 29
TRADING STRATEGY: GO SHORT WITH SL OF 2590 & LOOK FOR THE TARGET OF 2460/1365 IN THE COMING WEEKS.
NOTE: IF THE STOCK BREAKS THE RESISTANCE OF 2632 THEN IT WILL BE A H&S FAILURE PATTERN, WHICH WILL CALL A BULLISH ALTERNATE SCENARIO.
Bajaj Finance Weekly Chart Bajaj Finance Result Today. So here is the weekly chart with support and resistance. Wait for the price action to be made
