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Breakout Candidate_ POLE & FLAGKey Point :
- Pole and FLAG
- Moving average crossover
- Support and Resistance
- Favourable R:R
Crucial Support Level in Sagar CementThe price at crucial support level, breakdown will generate great opportunity to trade short.
BSEBSE (D):-1434 CMP, looks good for more upside. Continue giving a flag and pole breakout, now reaching horizontal resistance and its break finally.
Darvas Box + Multiyear Resistance + EMAIdea : The chart is self explanatory but broadly based on idea of "Darvas Box consolidation (+) multiyear resistance level"
Analysis : Support at EMA 21 , RSI breakout , Darvas Box Consolidation, Cup & Handle and favourable risk & reward
Advice : Wait for volume surge and go long at breakout level with stop loss
Festival Theme [1:4]: Ascending Triangle + RSI + EMA + Fib LevelThe stock is down by 20% from ATH, set up look favourable with R:R 1:4
Point consider in analysis:
a. Ascending Triangle
b. RSI
c. EMA
d. Fib level
The entry, exit and stop loss mentioned in chart itself.
Disclaimer : Consult financial advisor
PATELENG PATELENG (W):- CMP 28.85 looking good for 60/70++ (Multiyear Rounding bottom Pattern Bo.) Keep Track :)
VALIANTORG VALIANTORG (D):- CMP 1593 looking good for 1800++ (Rounding bottom Pattern Bo.) Keep Track :)
GRASIM formed INVERSE HEAD & SHOULDER (D) 1. MARKET is clearly UPTREND
2. 50%FIB acting as now SUPPORT which was previously a RESISTANCE
3. SIGNALS formed at 50%FIB (SUPPORT):-
(i) PINBAR:-at the TROUGH of LEFT SHOULDER(confirmed by 21MA cross)
(ii) BULL.HARAMI :- at the TROUGH of RIGHT SHOULDER(confirmed by 21MA cross)
WHAT NEXT?
INVERSE HEAD & SHOULDER has allready given BREAKOUT @ NECKLINE.
INVERSE HEAD & SHOULDER upon completion, signals a BULL MARKET.
TRADERS typically ENTER into a LONG POSITION when the price rises above the RESISTANCE of the NECKLINE.
So either we can enter the trade with appropiate STOP LOSS or can enter after RETEST.
TARGET :- 160POINTS
NOTE:-SIGNALS like PINBAR/HARAMI/ENGULFING at 50/60%FIB or S/R level or S/D or MA cross increases probability of our trade.
Analysis : Inverted H&S + EMA + Volume + Fib levelPoint considered for stock analysis:
a) Inverted H&S
b) EMA
c) Volume
d) Fib level
Entry, Exit and Stop Loss mentioned in chart itself.
Note : Consult financial advisor
Rounding bottom neckline [R:R 1:3]The charts analyse support & resistance and rounding bottom pattern.
Entry Rs.119.5
SL Rs 116
Target Rs 130
R:R 1:3
