NSE:EIDPARRY has a clear, copy-book symmetrical triangle / pennant pattern formation. Trade: Buy above 640, SL: 610, T: 660/680/700
A very interesting chart formation we can see in NSE:PRECWIRE . It was first an ascending wedge/triangle. The breakout happens. Then price retraces and retest the neckline of the wedge. Now the retest completes. Ready to fly. The N symbol (light blue), projection half-circle is shown. Trade : Buy above 103, SL: 97, T: 130.
A Very Interesting Pattern in this lesser known share: An all-world-engulfing green candle on the day of Earnings. Very high volume breakout The 50 MA about to crossover 200 DM, a perfect entry. And the result .. it's awesome: PAT doubles (YoY), 4 times (QoQ) EPS doubles (YoY), 4 times (QoQ) Trade : Buy and Hold with a SL of 1610.
Multiple factors playing in HDFC Bank counter: A rectangular consolidation is ready to be breached by the very strong Bullish Engulfing candle formation. The MAs are showing bullish trend with the distance among the MAs are expanding. Good momentum indication. High positive volume, above volume average .. breaking past the last 3 negative volume bars. ...
Rounding Bottom formation with a bullish candle ready to breakout, most likely driven by Q2 earnings. Volume build up is not bad. Trade: Buy above 235.50. SL: 230 T: 241/245
Vannakam Makkale, found some decent breakout from a consolidation range in VIMTALAB. Focus, as per your risk reward. First target will be around 597. As I always say whatever we do must follow risk reward and money management. Thank you for following and share it with your friends and family 😊 @trade_withpriceaction ❤
NSE:LAURUSLABS #LAURUSLABS trading @ major Support level. The tested 3 times till now, BD may not sustain long, Bouncing and sustainability from this level may show very good momentum 👍 All levels mentioned on chart.
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NSE:RAILTEL has a perfect, copy book Cup & Handle pattern formation. The chart looks bullish with the following properties: A long term Cup & Hande formation with a good volume breakout. If it sustains above 120, one can go long with a SL of the neckline of the Cup & Handle pattern (i.e. 117) Long above 120 with a SL of 117.
Granules has created a 9 month long rounding bottom and followed by a nice consolidation. Perfect to take long. At the 9 months long resistance line retesting with moderate volume. The nice perfect rounding bottom is formed. The consolidation looks nice over a week. One can buy on the breakout of 360 with a SL of 340. Target: No idea :)
Cigniti Technology (A Bangalore based AI company) has shown a very promising breakout structure after 10 months of rounding bottom formation. Most likely their recent Q2 results has some spark in it. Reasons: High Volume Rounding bottom formation since Dec'2021 and finally it's breakout ready. Long with SL of 580, target: 640/660. CMP: 620
NSE:CONCOR looks extremely bullish in weekly timeframe. And note: There is a mulling over Govt for the potential disinvestment of CONCOR to reduce Govt shareholding from 55% to 34% and relinquish the management control to strategic buyer(s). Looks like market is factoring that in. There is a 5 years long monthly trendline shown as the green slanted line ...
There are two ways one can see the NSE:LAURUSLABS counter: It has created a W pattern and the neck line is at 530-532 level. An inverted Head&Shoulder patten is created with neck at 510 level. So potentially if it stays above 532, can be go Long with the SL of today's Low 517. But if it fails to sustain above 530 level, it will simply fall upto 510 level.
Indusind Bank is breaking 20ema looking bullish for ST target 1270 SL should be 1140 nifty bank fundamental is improving do ur proper research
Indicator Analysis: Prices were trading in an uptrend making higher highs and higher lows posting a high of INR 936.65 on 15'Sep'22 and subsequently retreated back on the same day forming a Hammer Candlestick pattern. Post that prices witnessed a selling pressure and broken the rising trend line established from Jun'22 low of INR 699.95 and currently trading...
Descending Triangle bottle level is challenged. If it trades below the 630 level then it's a potential short candidate. Volume needs to accompany. SL: 675
Parag Milk Foods (Keep in your watchlist): 1. A steep ascending triangle pattern formation. 2. Going through the consolidation phase around a long term resistance of 125. Breakout above 130 will ensure upmove. SL: 120.
Wonderla Holidays is engaged in the business of Amusement Parks and Resort. KEY POINTS IPO and promoter group Wonderla came up with their IPO in April 2014 to raise 181 cr. which went into funding their upcoming amusement park in Hyderabad, that was operationalized in 2016 . The company was setup by Kochouseph Chittilappilly in 2000, the same promoter group...