#NTPC | symmetrical triangle , wait for the breakout and retracement to BUY
Target = 113
stoploss = slightly below the support zone
LOT size = 5700
Expected profit = around 1 Lac per lot
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Triangles are very common and promising patterns. Normally they are considered as continuation patterns in the direction of prevailing trend. I am presenting here three useful entry techniques. None is better than the other and each one has its own strengths and weaknesses.
As the name suggests the trade is taken, before breakout of triangle,...
Hello friends , Today i have the technical chart Of Vakrangee . Friends as you can see here that it is making Head and Shoulder chart pattern which means it can go down but if you see closely that it can also break and can go up . Because it is also in a symmetrical triangle type chart pattern so it can give you a breakout and can go up or it can go up from...
Hello friends , Today i have the technical chart Of Tata Motor Dvr Technical Analysis . Friends as you can see here that it is making Double Top chart pattern which means it can go down and it is down . You can take its Stoploss at 61 Rs and Neck line at 57.10 Rs Its target you can take is at 46.60 Rs as shown in the picture and I have also shown that it can come...
It has been respecting its support and resistance. The levels of trading have been mentioned. We can go long if there's a gap up opening or breaks the level with a good momentum. Consolidated between 0.5 & 0.618 and gave a breakout.
After giving a fresh breakout and OI supporting the same; NIFTY target can be 11536 in this leg of rally if NIFTY holds 11300 and moves higher; which is the unfilled gap (11434- 11536) when NIFTY started correcting on Covid outbreak. We even closed above the 78% Fibonacci Retracement of 11377.
Disclaimer: Kindly do your own analysis before making investment....
A strong impulse Elliott wave pattern can be identified. You could go short since a pullback can be seen. It is in a bullish zone but as we know pullbacks are necessary. If you want to hold for a long then may buy on dips from this pullback.
Radico will soon reach the resistance level of 435. Swing Target should be of 433.
However, at resistance, I can see a bullish pattern which may further move the stock up. Trailing Stop Loss will work.
Analysis is given on chart
This is an educational post and I do not advice you to follow whatever I have given on my analysis
Trade carefully and consult your financial advisor before taking any trades