Stockstrading
V-Guard - Adam & Eve Bottom Out with Breakout and Re-test!V-Guard has bottomed out in a classic Adam & Eve double bottom pattern.
At the top of such patterns there is rectangular accumulation that was un-rewarding to those that entered early.
However, their patience is now being rewarded having shaken off weak hands during the Adam & Eve formation.
Now, a breakout of the Rectangle is seen, which has also been re-tested successfully.
Moved successfully into All-Time High Territory, onto the stock itself to discover it's real price - No resistance ahead!
LONG ON HDFCBANKHDFCBANK
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1. RESISTANCE BROKEN SEVERAL WEEK BEFORE.
2. RETEST OF THE LEVEL SUCCESSFULLY COMPLETED
WHERE TO ENTER
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AT CMP
WHERE TO BOOK PROFIT
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1620 IS A HIGHLY PROBABLE TARGET.
CONSIDERING THE BULL MARKET WE HAVE NOW, IT MAY GO EVEN BEYOND THAT. BUT THE TARGET IS INVISIBLE. (NO PROVEN TARGET)
WHERE TO EXIT AT LOSS
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CLOSE BELOW 1345
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CESC - Breakout Power Sector Play Long-term accumulation within a strong wedge. Bottom line of wedge re-tested 5 times.
Breakout on the upside followed by a retest, and gap-up opening today.
With easing out of lock-downs, re-opening of economy and increase in industrial production, BUY call within power sector.
PNB - possible rectangular breakout incoming! After major decline, long-term accumulation within Rectangular Pattern since March 2020.
There has been a significant increase in Volumes since Dec 2020 though.
The surge in volumes increases the chances of the stock successfully breaking out of the rectangle, on its 4th attempt. This is further supported by a bullish divergence between the Price and the RSI Oscillator.
In case of a successful breakout, no notable resistance till about 55 levels (25% upside margin).
ABFRL forming a expanding channel BUY signals at 160/157/153I WILL LOOK AT BUYING OPPORTUNITIES AT ABFRL because :
It is forming a expanding channel pattern .
It has been taking the support of the lower trend line .
Now the price may reach its support level so will be looking at buying opportunities.
Entry : 160/157/153
Target : 204
Stop loss : 140