The price is following a symmetric triangle pattern. Now the price is trading near the lower leg and, the convergence and degree of ema bands also indicates a downtrend could continue. Also its important to mention that the breakdown or breakout of a triangular pattern indicates the start of an trend, but for confirmation of a downtrend the price has to breakdown...
TCS is at a crucial trendline and can be a good risk taking zone for a Long Trade. The stock has support of trendline as well as the sloping 50 DMA. This confluence of support gives more confidence. Stop Loss: SL has to be a strong candle close below 3,450 Entry: Entries can be made after a show of strength on good volume Target: Previous swing high i.e. 3,660++
We created these zones on 10th OCT, 2023, today it went up to all those levels. Now a few more levels are added to it, you can follow as per your risk management. We can expect a rally till Diwali.
Stock gives breakout of Bullish Rectangle on weekly timeframe . CMP :362 Target 1 : 434 Target 2: 490 Stoploss : 629 This is not a buy or sell call, this analysis is shared for educational purpose.
In today's trading session, the price has given a breakout of a falling trendline and flag and pole pattern. The price is trading above 14 EMA. MACD is turning positive. Keep a close watch. Disclaimer- I am not a SEBI registered technical analyst and adviser. Kindly trade on your risk.
It has formed an uptrend pattern and after a pullback it has shown a breakout which is indicating that it is ready for a bullish movement. Buy at your own risk.
#MIRZAINT #swingtrade #momentumtrade #vcppattern #trendingstock Mirza International : >> Good VCP Pattern & trending stock >> Good Volumes Building up >> Good Relative strength in stock Swing Traders can lock 10% profit & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade...
NSE: BPCL is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on...
Ascending triangle forming on Nifty 60min Chart. Once it breaks out with good candle we can see retest of previous ATH and even a new one. Stop Loss: SL has to be 19,700 Entry: Entries can be made after a 30 min candle closes above resistance zone or on retest of the said zone for better RR Target: Targets can be 20,200+ & Fresh lifetime highs
Tata steel gave a breakout from a promising channel pattern that has been in formation since over 2 years. Now the stock is taking support right at 50 DMA (Long tail candle), at .5 & .618 Fib levels and also at previous resistance zone which will now act as a support. Entries can be made in the same after a strong candle closes above 127 with strong volume. Short...
ICICIBANK is forming an Inverted Head and Shoulder pattern on hourly timeframe. The stock has bounced off it's lower longterm trendline and now has formed a range. We can expect the price to test the ATH Levels after breakout. Above this level, the stock will also cross above 50 MA on Daily timeframe so that gives more confidence. Stop Loss: SL for this trade...
TPLPLASTEH | Pole and Flag Breakout | Swing Trade Chart Analysis 1) Pole and Flag Breakout after 5 month consolidation 2) Good Volume Breakout
NSE: BLS is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed...
AWHCL Prediction for Swing/ Posional Trading First breakout at entry 1 level. Entry 1 level has retested. You can enter into trade above Entry 2 (505) or at CMP according to intraday level . You can buy more at Entry 1 level if there will a bullish signal after retesting the breakout level. Sls-385,369,357, or according to you RRR. Targets- ...
An exceptionally robust bullish trend has taken shape, and following a temporary retracement, it has now displayed a breakout signal. This development strongly suggests the potential for a significant upward surge in the near future. Trade at your own risk.
NATIONALUM is moving out of significant consolidation and can move towards a Weekly breakout. It was the previous support and after the downward flight it acted as a resistance and now it had given the breakout. #SwingTrading #Breakout #PriceAction Disclaimer: This video is for educational purposes and not a recommendation. Analysis Posted here is just our...
Hey Traders! 📢 EIHOTEL is showing a promising Breakout and Retest setup, making it an excellent candidate for swing trading. 📈 **Key Points:** - Clear breakout from previous resistance. - Retesting the breakout level, confirming potential support. - Positive momentum indicators. - Potential for a significant upswing. **Trade Strategy:** - Entry: Above the...
Short Term Trading Advice by Goodluck Capital Buy Bharat Wire Ropes (NSE:BHARATWIRE) Buy Range- 250 - 263 Target- 285 - 295 StopLoss- below 233 Potential Return- 12-15% Approx trade duration 14 - 15 days