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TATACHEM: Near Breakout, on the way to cross ATH.TATACHEM The parallel channels drew in the chart: PC-A = PC- B PC-C = PC-D All of the four PCs are exactly of SAME width #WondersOfPC At point R, levels of 1180, candles respected the resistance of ATH, and came down towards 1030. There, the candles got strong Support of point S which is the midline of PC-C, and bounce back towards the levels of point R again. Now today we are at the same levels of point R, conforming the BO of PC-C. With this strength, we have a strong view that the candles will cross over the Resistance of ATH, and we'll enter new zone Good time to enter at CMP, we may face some consolidation between 1180-1195, this levels also have resistance of midline of PC-D for swing trade, CB SL will be 1124 Near term target 1260 If view goes wrong, we will have better opportunity to pick more for LT portfolio at 1125, and at every dips. And overall market holds strong from here, we can see stronger Breakout of PC-D
NSE:TATACHEMLong
by ChartSarathi
2
DEEPINDS: PC Breakout with High Volume#WondersOfPC Slope of PC-A1 = PC-A2 And PC-B1 = PC2 This shows DEEPINDS respects Parallel Channel very well With the Breakout (BO) of PC-A1 at 195, price rallied to 277, where it created Highest & Start point of PC-A2 The downtrend from there, Candles remained respected the PC-A2 and price dropped till 177 Now check out this lowest point of 177 was the last support in PC-A1 from where the BO rally started! And similarly in PC-A2 this support of 177 initiated the PC Breakout. Check the Breakout Levels of PC-A1 & PC-A2, both are just same-At 195 !! This Breakout has also taken rally to the levels of 277 with yesterday's closing. Isn't this just wonderful, Just another magical thing of Parallel Channels! Now what I feel, the overall market trend in Apr-22 had impacted the Breakout of PC-A1 and, The bearish view pushed down the script to correction till the magical support of 177. So the current Breakout possesses the double strength to rally further. Also the volumes are just huge, that are strengthening the BO of 245. For swing trade: If opens above mid line of PC i.e. above 268, enter at same levels If opens below the mid line, wait for the support of lower line of PC-B2 Target: 1st level-340, then after some consolidation towards 390 SL:234 If view goes wrong, levels 220 are good support and great opportunity to enter with great RR ratio. DEEPINDS is good pick for long term portfolio, one can add on every dips and BOs as per their RR.
NSE:DEEPINDSLong
by ChartSarathi
LALPATHLAB: Bottomed out with strong PC, preparing for BreakoutPC-A = PC-B = PC-C All three Parallel Channels (PC) are just Same in width and slope! #WonderOfPC Except for a one point that PC-A & PC-B were playing the role of Resistance and bring down it to lower levels of 1800, while now PC-C is playing the role of Support and forming showing that script LALPATHLAB is bottoming out and being ready for Breakout. If the overall market holds itself and won't fall further, we have a high chances that LALPATHLAB will give a strong breakout at 2900, & lead it towards the 3500 levels, One can add at CMP levels But if overall market corrects further, be ready script might test lower line of PC-C, it is a good script to add at every lower levels.
NSE:LALPATHLABLong
by ChartSarathi
2
RESPECT STOPLOSS ALWAYS Hello dear friends and mates many regards to all of you What I observed in Hdfc bank I am sharing with you that firstly it breaks a horizontal resistance which I mentioned as R1 for more confirmation I waited for breaking the second the second resistance mentioned R2 and took a trade so after taking the trade I kept a stop loss in my mind and in mine system too that if it will break the R1(which could act a good support now that earlier it was acted as a strong resistance) I will exit from this trade however how much this company is good on fundamentals but this is a pure trade not an investment or accumulation which I am doing so I have to exit if this will act as same which I kept in my mind, So what I want to tell you that I did not do this now look at the price now on currently it is trading below 45-50 points from my decided stop loss it is like 3-4% away from stop loss and know knows how much it can go more down from here. Conclusion-: So I found a conclusion is that people are doing losses in market because they did not want to follow stop loss which is the one and only friend (STOPLOSS) of your in market and trading, people are making big losses because they did not want to take small losses as a stop loss and wiped out huge capitals in some risky instruments and trades and after they will say always that markets trading investments are bad instead of accepting their mistakes. So always try to follow your decided stop losses what ever they are technical or not and always put your stop loss in your systems not only in your minds too. Regards
NSE:HDFCBANKEducation
by AMIT-RAJAN
1
DAAWAT - L T Foods: Strong PC BO with the strong retracementAll the three Parallel Channels (PC) are one and the same! PC-A = PC-B = PC-C The strength of PC-C is crossing the highs of Apr-22 levels for the breakout and strongly retraced the BO at 105 levels. The huge buying levels at in Apr 22 at BO of PC-B and at BO of PC-C are confirming the strength in the BOs. What I feel is, the overall market trend in Apr-22 had impacted the Breakout of PC-B also, and lead it for the resistance of 100 which was also the midline of PC-A The bearish view resulted in Breakdown of PC-B and lead to levels of 67, which is also the lower line of PC-C Yesterday's strong green candle with heavy buying volumes confirms the strong BO of PC-C For swing trade Entry: Coming opening levels above 105 1st target is 130, then 150 SL: The FAs and business model is strong, script is good pick for long term portfolio building. If view didn't go well, the levels of 85-90 are good levels to add.
NSE:LTFOODSLong
by ChartSarathi