Stocktrading
Falling wedge pattern breakout in BATAINDIA.BATAINDIA
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 1520+.
✅Can Go short in this stock by placing a stop loss below 1410-.
✅breakout this can give risk:reward upto 1:9+.
BAJAJ HOLDING : BREAK OUT ON WEEKLY CHARTBajaj Holding and Investment , India Based Investment and Holding Company which focus on income from dividends, interest and gains through investment held. The stock is in uptrend on daily and weekly time frame and currently was in retracement move. The move seems to be over now as the stock is stuck in a range and forming a PENNANT PATTERN. We may see breakout any time. Break out may lead to a new 52 weeks High. The Fundamentals of Company are strong with a Market Cap of Rs, 67,345 Cr and YOY stock yield of 15.76 %.
Analysis on Weekly Chart :
The technical indicators at current level are as under :
CMP : 6094.90
MA20 : 6038.13
MA50 : 6027.74
MA200 : 5975.53
RSI : 62.97 crossing over
MACD (12,26) : 14.020
ADX (14) : 33.12 ( Directional Strength - In range )
ATR (14) : 44.65 ( Highly Volatile )
Volume is Far below from the mean value, no buyers seen yet, however the stock is waiting for them resulting into break out. The stock regain its upward trend from 4541.30 and as per Elliot wave theory , we may see the third wave in this breakout.
Be prepared for the breakout in a or two days and hold for target 3 or a new 52 week High.
Rectangle pattern reversal in ASTRAL ✅ ASTRAL
Key highlights: 💡⚡
✅ On 1D Time Frame Stock Showing Reversal of Rectangle Pattern.
✅ Strong bullish Candlestick Form on this timeframe.
✅It can give movement upto reversal target of 2110+.
✅ Can Go Short in this stock by placing stop loss Above 10890 or last swing Low.
Triangle pattern breakout in SYNGENESYNGENE
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakout of triangle Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 600+.
✅Can Go short in this stock by placing a stop loss below 565-.
✅breakout this can give risk:reward upto 1:4+.
Falling wedge pattern breakout in ESCORTSESCORTS
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 2410+.
✅Can Go short in this stock by placing a stop loss below 2045-.
✅breakout this can give risk:reward upto 1:4+.
NIFTY: CORRECTION AHEADAfter a five wave impulse down nifty is rising in a corrective structure on the upside. The corrective nature of the price action suggests that near term trend for the nifty50 is down and prices are likely to fall towards 17000 in the coming weeks. On the upside the key resistance zone is 18350 while on the downside key supports levels are 17650/17350/17000
ITC - All Time High BreakoutSo this chart of itc is in the weekly time frame, as you can see that, it has given a breakout of a trendline with a great volume of buyers.
And after a breakout, there were two green candles consecutive, with this it has broken its all-time high.
After the breakout of all time high, there was an opposite candle and then we got an inside bar so we got two entry triggers and we can see more of a good rally after the breakout of the red candle's high.
So our entry price will be 390 level and our stop loss will be low of the red candle and target you can expect big.
Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
Cup☕ pattern in tcs (long trade activated) TCS is making a kind of cup pattern on daily time frame also we can see IT sector chart is looking bullish now a days and today retest is also done so as per my analysis I found good risk reward 1:3 in this trade.I'm bullish on this particular stock. What's your opinion please share.
Happy trading.
Symmetrical triangle pattern breakout in DIVISLABDIVISLAB
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakout of Symmetrical triangle Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2970+.
✅Can Go short in this stock by placing a stop loss below 2800-.
✅breakout this can give risk:reward upto 1:5+.
Cup and Handle pattern breakout in BHARTIARTLBHARTIARTL
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakout of Cup and Handle Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 797+.
✅Can Go short in this stock by placing a stop loss below 775-.
✅breakout this can give risk:reward upto 1:4+.
Bullish flag pattern breakout in RELIANCERELIANCE
Key highlights: 💡⚡
✅On 30Min Time Frame Stock Showing Breakout of Bullish flag Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2415+.
✅Can Go short in this stock by placing a stop loss below 2325-.
✅breakout this can give risk:reward upto 1:4+.
Mahindra & Mahindra - breakout in weekly timeframe As you can see here Mahindra and Mahindra chart, what does this chart show?
This chart shows us that it has given a breakout of a beautiful pattern or of a range of 175 days. As you can see this stock first breaks the all-time high of 978 and then move as fast as a rocket and for the last 175 days it has been in a tight range and making a beautiful pattern i.e flag and pole pattern.
Last week this stock has given a breakout of an all-time high and of range and this week it has been consolidating making an inside bar or you can say opposite color candle. so if this stock breaks the high of the red candle i.e level of 1392 you can enter a trade and the target will be big, as big as the size of a pole, and our stop loss will be below the green color candle or the level of 1300.
I'm not sebi registered so this is only for educational purpose, do your analysis first.