Fine organics long if it breaks 2650 and sustains aboveTarget 2700,2800 and 2900.
Disclaimer : Please do your own analysis and enter the trade..this analysis for educational purpose only
Traingle
NIFTY forms triangle pattern! Check out where it could breakout.Nifty - Technical Analysis:
-Nifty ended flat today, after opening above 11550 it made lower highs forming a triangle pattern
-Closed at 11535, breakout to be seen from the triangle on Friday
-The markets traded with lacklustre volumes with no definite direction. If we need to see higher levels, we need to cross the resistance of 11600
Market - Driving Factors:
-Among sectors, buying witnessed in the IT, pharma, auto and FMCG pack, while bank and metal remained under pressure.
-Bharti Infratel, Grasim Industries, Titan Company, UPL and Wipro were among major gainers on the Nifty,
-While Top losers were: Bharti Airtel, ICICI Bank, Hindalco Industries, Axis Bank and Kotak Mahindra Bank
-30-34 Companies have received approvals for initial public offerings (IPOs) totalling around Rs 33,500 crore would be hitting the market soon.
Nifty - Outlook for Friday, 4th September:
NIFTY formed a descending triangle pattern in 1hr charts. If the lower base of the triangle breaks, then the trendline might be tested again. A breakout above the triangle will lead to resistance zone and crossing above 11600 could see higher levels towards 12000.
2 ways to trade #Reliance on the long sideReliance seems to be in a 4th Wave Elliotwave triangle. An agressive trader could go long now with a SL below the wave e ( red line) . A conservative trader could wait for the blue line above to be broken ( wave d high) and then enter. Thrusts out of triangles are swift and sharp
TATA MOTORS TRIANGLE PATTERNLooking bullish after getting good support at lower trend line.
Volume of green candles are relatively higher than those of red candles' volume, hence showing bullishness.
106.4 acting as a good resistance. Ensure this point is broken with good volumes.
Entry 107.8
Target 118
Stop-loss at 102.30
Breakout in Ambuja Cement:Target 215Triangle breakout on charts.
Next target 215 with stop loss at 198
Bullish Engulfing Just simple trendlines and volumes
1. Formed bullish engulfing today.
2. Took support from the trendline.
3. Good green volume.
4. OI Buildup Long
Buy above 600 only once it breaks the Symmetrical triangle. Stock is respecting the trendlines
Trade with caution. Always trail your SL for more profits and capital protection.
SUNTV is all set for a breakout from a traingle pattern (3rd Ju)I am expecting a bullish move from here with atleast 1% in targets with futures lot.
Axis bank is all set for a triangle pattern breakout with RR 5I have added all the details in this picture , please comment any doubts if you have here.
HUL - Consolidation mode or is it time for breakout?As can be seen, when HUL is consolidating initially through triangle pattern between 1900 and 2040 and then there is a breakout. This will be the stl 2040 with the target at 2500 (all time high).
Icici Prudential Traingle breakout.Icici Prudential Traingle breakout. Please wait for breakout with volume and then take trade... dont take trade if the breajkout doesnt have volume. Volume is the key
ADANIGAS Pullback + Doji BreakoutPrice has been ranging & contracting with lower highs and higher lows since 3 days.
The last day has shown a doji with a small range indicating an imminent breakout.
The price may fall and retrace to its dynamic supports or continue its upward trend, thus keeping entry triggers for both circumstances with conservative targets.
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Cadila health breakdown on 1 hr chartCadila health breakdown on 1 hr chart.
Stock can show 320-315 levels soon
NMDC Triangle pattern breakoutAs you can see the break out has happened.But waiting for a confirmation would be good.The levels are as marked.
Buy IndiaBULLHsg for short termBuy IndiaBull Hsg at current level with stop loss 295
Target insight 362, 394 and extended 411
Interesting chart pattern and looks like possible breakout at current level.
Good to keep stop loss and train on higher move
NSE: RIIL Interesting Move Movementum play at current level for a target of 403, 411
Stop loss at 339 in short term
Keep stop loss moving
