PVR: HEAD AND SHOULDERAfter breaching the all time high of 2086 formed on Feb'2020, stock is correcting lower in a Complex-Corrective-Wave - WXY structure. Stock is already concluded its Wave-X at the high of 1925 and currently unfolding into Wave-Y of which wave-b is taking a formation of a Bearish Triangle . The measured target where Wave-W becomes equal to Wave-X is coming in the region of 1420.
As per the conventional chart pattern stock is also forming a Head and shoulder pattern whose neckline is in the region of 1620-1590. A breakout below the neckline should add more credence to the pattern. The measured target for the pattern is coming in the region of 1200.
Stock is also trading below its 200 EMA and currently facing a resistance on the upper boundary of the parallel channel drawn from the Aug'22 high of 2214 and connecting the Dec'22 high of 1925.
Trading strategy:
Sell 1655-1660 keeping SL of 1770 look for the downside targets of :
Tgt1: 1440-1420
Tgt2: 1350
Tgt3: 1245
Stocktrading
Ascending broadening wedge Pattern in BERGEPAINTBERGEPAINT
Key highlights: 💡
✅On 30Min Time Frame Stock Showing Reversal of Ascending broadening wedge Pattern .
✅ It can give movement upto the Reversal target of above 593+..
✅Can Go Long in this stock by placing a stop loss below 580-.
ITD Cementation to take for long entryITD cementation stock respecting the TL resistance. If this stock is able to BO the TL then a good move can be expected in the stock. Long after the BO for the first target of 125 then 145. Keep trail SL once touched the fist target. Keep the stock in your watch list. This is for your educational purpose only.
Wedge pattern reversal in DABURDABUR
Key highlights: 💡
✅On 1Hr Time Frame Stock Showing Reversal of wedge Pattern .
✅ It can give movement upto the Reversal target of above 540+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 558+ .
AARTIIND READY FOR BIG MOVEBroke Trendline with long bullish candle
Trading in same candle since Feb first week
taking support of dynamic trendline
Consolidation after fall and probability of upside after consolidation
Falling wedge pattern breakout in SBICARDSBICARD
Key highlights: 💡⚡
✅On 1D Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of Above 1030+.
RAIN INDUSTRIES AT SUPPORT & POLE FLAGTook support at support zone with long bullish candle with volumes
making pole flag on smaller TF
Long term retraced from .6 fib levels which is health reversal
SUNPHARMA FORMS CUP AND HANDLEIn daily TF trendline broken
at retest zone of breakout
Cup and Handle in 15min
Falling wedge pattern breakout in TORNTPHARMTORNTPHARM
Key highlights: 💡⚡
✅On 1D Time Frame Stock Showing Breakout of Falling wedge Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1630+.
✅Can Go Long in this stock by placing a stop loss below 1475-.
✅breakout this can give risk:reward upto 1:4+.
Powergrid : PSU and Power sector tail windPOWERGRID CMP 227.15
May go up to 250+, below 210 is invalid
Breaking from Triangle pattern
expecting Good R:R
Disclaimer - All information on this page is for
educationaland learning purpose only. We are not SEBI registered financial advisor.
Please think twice before investing your money and do proper research before investing in Share
market.
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Bullish flag pattern breakout in SIEMENSSIEMENS
Key highlights: 💡⚡
✅On 1hr Time Frame Stock Showing Breakout of Bullish flag pattern Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3635+.
✅Can Go Long in this stock by placing a stop loss below 3180-.
✅breakout this can give risk:reward upto 1:6+.
Long Nifty bank for swing tradeLong Nifty bank above the BO of marked TL above 40350 for the next target of 41260-42000 with SL 39800. All important levels have been marked on the charts. Good risk to reward trade. RSI is also forming positive divergences. W pattern is also seen on the charts. This is for your educational purpose only.
Falling wedge pattern breakout in INTELLECTINTELLECT
Key highlights: 💡⚡
✅On 1hr Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of Above 674+.
Falling wedge pattern reversal in TORNTPHARMTORNTPHARM
Key highlights: 💡
✅On 1D Time Frame Stock Showing Reversal of Falling wedge Pattern .
✅ It can give movement upto the Reversal target of above 1505+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 1630+ .
Falling wedge pattern breakout in CUMMINSINDCUMMINSIND
Key highlights: 💡⚡
✅On 1hr Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1665+.
✅Can Go Long in this stock by placing a stop loss below 1560-.
✅breakout this can give risk:reward upto 1:4+.
Kalyan Jewellers - Pole and FlagKalyan Jewellers making a Pole and Flag
Invalid if closes below 100
Stops can be placed around 95
Looking good for 132-147
Falling wedge pattern breakout in SUNTVSUNTV
Key highlights: 💡⚡
✅On 1hr Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 460+.
✅Can Go Long in this stock by placing a stop loss below 426-.
✅breakout this can give risk:reward upto 1:6+.
Inverted head and shoulder pattern in BERGEPAINTBERGEPAINT
Key highlights: 💡⚡️
✅On 1D Time Frame Stock Showing Breakout of Inverted head and shoulder pattern.
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 623+.
Double Bottom pattern breakout in LALPATHLABLALAPATHLAB
Key highlights: 💡⚡
✅On 1hr Time Frame Stock Showing Breakout of Double bottom Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2010+.
✅Can Go Long in this stock by placing a stop loss below 1915-.
✅breakout this can give risk:reward upto 1:2+.
Channel pattern breakout in TITANTITAN
Key highlights: 💡⚡
✅On 45min Time Frame Stock Showing Breakout of Channel Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2445+.
✅Can Go short in this stock by placing a stop loss below 2410-.
✅breakout this can give risk:reward upto 1:2+.
ADANIENT 15 MINS TIMEFRAMEJust chartings. Adanient can give nice and swift moves for tomorrow trading session, having it in exclusions of MSCI list too.
Falling wedge pattern breakout in HAL.HAL
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2715+.
✅Can Go short in this stock by placing a stop loss below 2518-.
✅breakout this can give risk:reward upto 1:5+.
Petronet LNG : ready for strong runPetronet showing strong bullish indication.....Watchout
Chart posted is for educational purpose only and not a buy/sell recommendation. Consult your financial advisor before taking any decision.
