Greenply Industries reached an ATH of 298.85 in the month of Jan'18 and corrected almost 75% to reach a low of 72.90 in Mar'20. It had consolidated for almost 6 months in a range before starting its upwards journey again in Nov'20. It reached a high of 254.7 in a year and started correcting again. In the process it formed a triangle pattern and has freshly...
UNITED BREWERIES LTD Key highlights: 💡⚡ ✅On 1 Hour Time Frame Stock Showing Breakout of Head & Shoulder Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 2052+. ✅Can Go Long in this Stock by placing a stop loss below 1988-.
The scrip was trading below multi-year resistance trend line since 2011.It gave a breakout from the trend line in the month of May'23, forming a large bullish candle on monthly time frame rising 34.6% in May'23 itself. In last 3 months(including the ongoing month) it has risen by approx 57%. The Stock rose nearly 2.14% today hitting an ATH of 654.70, which is also...
HDFC Bank(CMP 1696) is trading in a narrow range from 3 years. Above 1750 confirmation of a breakout. Bullish with target of 2300-2500 and Stoploss 1550
Motherson had been moving in an 'ascending parallel channel' since 2017. The scrip fell from a high of 134.85 attained in Jan'22 to a low of 61.80 in March'23, correcting almost 54%. It has taken support from lower end of the channel forming a W kinda pattern in shorter time frame. It started rising in Apr'23 and has risen by nearly 24% in last 3-4 months. The...
Back to back Inverted Head n Shoulder (IHnS) continuous pattern -Vol kicked in, now drying (good sign: accumulation happening, sellers exhausting) -Good shakeout and recover very fast
Garden Reach Ship builders got listed in the month of Oct'18. It had entered a consolidation phase in Sep' 2019 which lasted for 4 long years.The scrip broke out of consolidation in the month of Aug'22 and has since more than doubled. The stock has been continuously rising and has also broken out of an ascending channel in the ongoing month of Aug'23. Three...
Electrosteel Castings (Electcast) -from Strong Sector -Clean setup -Vol kickin in, clearly Grenn vol > Red vol -Signal candle -Good shakeout
GOLD SETUP TRADE WIH 1:8 RISK REWARD A good falling detected on GOLD It's showing a fall due to these reason 1. It's following THE 1H trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bearish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram Follow for more GOLD SETUP TRADE...
Entry Range: Current price level Targets: Target 1: ₹961 Target 2: ₹1290 Stop Loss: ₹729 Trade Rationale: ATH Breakout : The stock has broken out from its all-time high, indicating strong bullish momentum. Technical Indicators : Volume Support Levels : The stock has strong support around ₹729, making it a reasonable stop loss level. Risk Management :...
The pattern seems pretty self explanatory. BB bands have narrowed similarly in the past three Quarters before earnings. Will the future look exactly like the past? Well it might not repeat, but often rhymes. NOT ADVICE - Please use trailing Stop Losses.
JK Tyre (monthly chart)- Doji Candle, followed by Hammer, worth following and adding to Watchlist
he stock is coming to test it's weekly support level zone. A weekly closing above 165 can bring more bullish momentum. This is not a BUY/SELL recommendation. This idea is for EDUCATIONAL purpose only. Study & Earn
TCS in A Very Bullish zone. Breakout of Last month resistance & retested the previous levels. Above 50 ema & bounce back . Plan for a swing Trade for good results.
Monthly structure v good FII/DII/Promoter holding increasing YoY is a good sign Worth following for support formation (positional view)
While all the auto stocks were moving, NSE:ATUL remained silent. Finally it is ready to move now. Trendline breakout strongly done, re-test complete and now heading for inverted H&S breakout. Once it breaks out, 7000+ levels will be there soon. One can expect some strong sales data as a trigger at the beginning of next month.
ZFSTEERING GEAR made a breakout from 2-month long bullish Head & Shoulders on good volume. Its momentum has entered bullish territory, and the Relative strength to CNX 500 is above the average line and rising. On the fundamental front its EPS and sales have been rising over the last 4 years. Also, over the last 4 quarters EPS has been rising, the last quarter was...
The two year YTD Annualised yield is closer to 30%, four consecutive half years of positive gains. Previous history 2002 Jan over 2004 Dec, up 300% followed by down 16% Next Comes Jan 2009 till Dec 2011 up 130% down following two half years around 33% The best continuous remains 8 half years that is near four years Jan 2016 till Dec 2019 but returns are 89%...