IEX looks bullish above 167. recently the volume has been increasing, which indicates the probable accumulation of the stock by institutions/pro traders.
Price moved slowly, steadily and made All Time High 21654 today. Will it make new record once again? Price is at the trend line support right now. As long as it remains unbroken, price has the chance to make history. Pattern : Trend line support. Range : Medium. Trend strength : Normal. Buy Above : 21680. Stop Loss : 21640. Targets : 21720, 21760, 21800 and...
Fundamentally strong and outperforming NIFTY. Breakout and retest from the downtrend channel. Buy @ 5498.55 SL @ 5192.80 T1 @ 6092.45 T2 @ 6352.20
As we can see NIFTY has successfully rallied over 800++ points from our analysis, now can be seen hitting an important RESISTANCE and hence if NIFTY fails to sustain itself above the given trendline then again a sharp sell off could occur else we can see NIFTY 22000++ so plan your trades accordingly based on the closing of this weekly candle.
Consider this as my own diary and not as a buy/sell recommendation service. I don't advise. entry above the line stop below the line consolidation breakout ( breaking the resistance )
entry above the line stop below the line trendline breakout bottom bounce ( positional trading opportunity)
entry above the line stop below the line Inverted head and shoulder breakout ( anticipation)
entry above the line( sloping line) stop below the line ( horizontal line) consolidation breakout ( triangle pattern )
Breaking out of inverted H&S Pattern. Breaking out of Counter trend line on weekly time frame
Consider this as my own diary and not as a buy/sell recommendation service. I don't advise pull back trading opportunity entry above the loping line stop below the line pull back entry short term swing trading opportunity
As we can see despite uncertainties, we analysed that NIFTY is bullish unless the trendline in breached below and is in good uptrend. Now we can stand by with our views that NIFTY could remain bullish till further upper trendline is tested which could act as a RESISTANCE so plan your trades accordingly.
#ADSL #breakout #failedbreakout #breakoutstock #ascendingtriangle #patterntrading ADSL : Ascending Triangle Breakout >> Momentum stock >> Probability of a Good upside due to Failed Breakout on the Downside >> Low Risk High Reward. Swing TradersCan Lock profit at 10% and keep trailing If u find the charts informative/educational/Knowledgable Keep sharing and...
Reliance has good breakout(2hr TF) after a quarter consolidation. Good target visible on the charts.
Voltas can be a good and relatively safe pick for medium term positional trading. Try to enter around 780 levels with a SL of below 740 DCB for minimum target of 920.
Ambuja cement has good ultra short term up side visible for good 5-7%.
Alkylamines seems to have bottomed up after a significant correction in the stock from around 4800 levels to 2150 levels. Currently, stock is on a very strong support from which the previous rally had started. This high growth stock is a superb pick at this level for swing and positional trade. However, there is a risk that it can be retracement of next correction...
Logic: Trendline breakout with volumes. Chemical sector reversing. Fertilizer stocks are booming. RSI positive divergence seen. Breakout Confirmation above 2500. Levels mentioned on chart
Uco Bank Current weekly Narrow Cpr NIFTY wait for the breakout