indusindbk : 981
trade set up:
1. buy above 1062
2. keep stop loss as 908 on closing basis
3. short term targets 1130/1366/
long term targets 1598/1783/2000+
technical buy setup :
1. symmetrical triangle pattern
3. breakout concept.
note : stock is trading more than 52weeks on lower trendline support , forming consistent month on month higher...
HDFC has been following a long term trend and it might continue to follow the same considering the strength market has shown lately along with that it has suppport of 200 EMA and a triangle pattermn has been formed so a breakout can be expected soon.
KEEP IN WATCHLIST.
ASCENDING TRIANGLE ON CHARTS.
CAN INITIATE TRADE AFTER BREAKOUT WITH STOP LOSS BELOW BREAKOUT CANDLE
CURRENT TRIANGLE PATTERN SUGGESTS TARGET OF 150 AFTER BREAKOUT.
** EDUCATIONAL PURPOSE
Nifty auto spot cmp 10000.
Study :- Time Cycle, Wolf wave, Harmonic , Chart Pattern.
Time Frame :- Daily.
Time Cycle :- Bottom to bottom cycle of 74 TD indicate index is making bottom at interval of 74 TD and at the moment index is at 74 TD so if this cycle is matured and the next cycle unfolds we may see a change in trend from now onwards as per this cyclic...
trade set up :
1. buy with stop loss as 1010 on closing basis
for targets : 1082/1133/1178/1125 +
technical for buy :
2. breakout retest and bullish engulfing formation
note : breakout has happened at upper trendline resistance and price retested the same , now moving up with good price action to reconfirm the bullish structure .
IRCTC is taking support at rising trend line multiple times.
Ascending triangle is clearly visible. This pattern gives smooth move on upside.
Similarly Descending triangle gives smooth move in downside.
Currently IRCTC is moving in narrow range ( marked by dotted line ) either side break.
If it breaks on downside that will mark a lower high and new Lower low...
Tata Steel BSL Ltd.: Triangle Breakout
1. Stock has given breakout from descending triangle pattern,
2. Volume receded considerably during consolidation phase & Heavy Volume is observed at breakout,
3. Moving averages indicating initiation of uptrend!
Considering above facts one can buy at CMP (96.85) with price target of 106 (according to measure rules of...
After rally of Asian Paints and Berger Paints , it may be possible that Nerolac paints could show good momentum. It's PE is around 60 and sector PE is around 90.
Now let's talk about technicals :- Stock has been forming symmetrical triangle pattern and now it has given a good breakout . Stock is now retesting the resistance line. If retest is successful , we can...
aplltd : 807.95
1. buy up to 781
2. keep stop loss as 740 on closing basis
3. targets 856/915/1001/1128+
technical buy based on :
1, fibonacci (.786/.886)
2. support / demand zone
In last trading session, BHARTIARTL gives bullish breakout of its symmetrical triangle pattern. After this breakout expected in short term time period we will see target of 695+.
Buy BHARTIARTL Above 540
Stop-Loss - 520
Target - 575 620 695+
DAAWAT | Triangle breakout - Looks good for 25%
CMP : 81
SL : 75
Target : 101
Almost 1:4 risk reward setup
P.S : We already holding position from Feb-March month based on Weekly time frame Flag pattern. Just using this setup to average more.
NIfty50 stock BPCL formed Ascending triangle pattern.
You can see Rising lower trend line having ascending Higher Lows and a Flat upper trend line acting as resistance line.
I have marked A and B point, to calculate the target.
Price at A point = 252
Price at B point = 478.65
Formula to calculate the target is
Target = (Price difference between A & B) + Price...