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Lincoln Pharmaceuticals Ltd - looks goodThis stock has formed a pattern called Continuation Diamond ( Bullish ), providing a target price for the long-term in the range of 420.00 to 499.00. What is continuation diamond pattern? A continuation diamond pattern is a bullish technical analysis pattern that typically occurs in the middle of an uptrend. This pattern is formed when the price of an asset creates a diamond shape as it consolidates before resuming its upward trend. How To identify a continuation diamond pattern, traders look for the following characteristics: The price of the asset is in an uptrend. The price forms a diamond shape with decreasing highs and increasing lows. The diamond pattern is formed within a relatively tight trading range. The trading volume decreases as the pattern develops. Once traders identify a continuation diamond pattern, they may look to enter a long position as the price breaks out of the pattern and resumes its uptrend. Traders may also set stop-loss orders below the pattern to limit their risk. It's important to note that not all continuation diamond patterns lead to bullish breakouts. Traders should always use other technical indicators and fundamental analysis to confirm the potential trend reversal. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
L
by hardeepssethi
Infosys (Infy): Positional view on this IT giantFrom among the IT Pack, Infy is the one I'd love to keep a watch on. From the high to a 30% correction, the stock is slowly inching its way up. Forming a double bottom pattern, the current price is hovering near the neckline. Positive with initial targets of 1750, 1900 and 1950. Above 1950, we can expect good move upwards. The stock has strong support at around 1400 - 1350 levels, having pulled back up from those levels. As always, keep a SL at 5-8%. Note: Not a buy/sell recommendation. Do consult your investment advisor and due diligence.
NSE:INFYLong
by TheUnlearningOne
2
ASTERDM - Morning Star - Sequence of Events 14-07-2022 : Volume is Monthly High. Stock is already above 20 SMA on Daily, Weekly, and Monthly time frames 15-07-2022 : Volume is again Monthly High. RSI crossed above 60 on Daily / Weekly / Monthly time frames ( 6 days Back) 18-07-2022 : SMA 50 crossed /SMA 100 on the higher side. Currently formation in on Normal NR7 19-07-2022 : Normal NR7 - Breakout 26-07-2022 : ~10% movement (Low 218.45 to High 237.45). Crossing 4-week High / Cross WK Piv Upside Also candlestick formation: Morning Star Expecting a possible strong move on the upside. This is my own understanding -- please do your own study before taking a call.
NSE:ASTERDMLong
by rvc8280
ETH Ethereum | Ready for its Next legFlag and Pole Pattern. Breakout with good number of Volumes. Study Tips: How to Calculate Potential Target for this Pattern type breakouts? 1)Measure the Pole Length of the Flag --> Length AB = Point A - Point B. 2)Place the Pole length above Flag breakout Point --> Length CD. Where Length AB = Length CD. 3)Point C will be our Potential Target Point. **Above all Points A, B, C & D will be approx. values near it zones. Lets see how things unfold. Study it!! Happy Learning!!
Long
by InvestSun