Let's talk about Patience !!This stock on the chart just looks flawless but in reality, it is a stock that will test your patience to at least get 50% returns. Price action wise it shows a very promising setup, in 2021 coming out of a 10 year consolidation and again consolidating for over 3.5 years. It has 50 MA support on monthly and currently looks good for a good returns.
CMP: 9.50
Target 1: 15
Target 2: 20+
Time frame: 0-2 years
Disclaimer: Trade at your own risk
Trianglebreak
HINDOILEXP - Triangle Breakout A short triangle pattern has been forming since October 2024, and today it broke out decisively with a strong bullish engulfing candle on the daily timeframe. Additionally, a morning star candlestick pattern is evident on the weekly timeframe, reinforcing the bullish outlook.
SBICards-Can it finally make a comeback?SBICards has been underperforming since last few years.
700-730 has proven to be a strong demand zone for the stock historically and looks like history is getting repeated.
950-1000 is a strong supply zone. Once it is broken, we can see this stock fly to new highs.
Currently, stock is a perfect example of buy low, sell high.
DYNAMATECH - Triangle Breakout and RetestView : Bullish
Entry Zone- 8221- 7400
Exit Zone - Based on Trader mindset. Exit 1 - 9000
Exit 2- 9400
Stoploss : Close below 7350
Timeframe: Weekly and Daily
Notes: Price consolidate since Feb 2024 and it forms wedge pattern. Not it breakout of the same and retest the resistance line. We can wait to enter until it form good green candle near black trend line.
* This is not a trading recommendation, for educational purposes only
UNIDT - Triangle Breakout in Weekly TimeframeView : Bullish
Entry Zone- 280- 240
Exit Zone - Based on Trader mindset. Exit 1 - 295
Exit 2- 310
Exit 3 - 350
Stoploss : Close below 228
Timeframe: Weekly
Notes: Triangle breakout in first week of december which has been consolidate since December 2023. Now price is near the breakout region and it my come inside triangle also. So do not buy at single instance.
SOUTHWEST - Triangle Breakout with all Hidden trendlinesView : Bullish
Entry Zone- 157- 162 (Triangle break and hidden trendline break)
Exit Zone - Based on Trader mindset. Exit 1 - 188
Exit 2- 215
Exit 3 - 240
Stoploss : Black color Trendline.
Risk/Reward Ratio: 1:1, 1:2 and 1:3
Timeframe: Daily
Notes: Triangle pattern breakout along with hidden line breakout. Price consolidates since Sep 2021.
* This is not a trading recommendation, for educational purposes only
GRINFRA - Stock to be in RADARView : To be determined
Entry Zone- Once the price breaks out of the triangle with a strong green candle.
Timeframe: Daily
Notes: The price has been consolidating since May 2024, forming a Triangle pattern. Resistance and support levels are marked on the chart, showing how the price has consistently respected these levels.
* This is not a trading recommendation; for educational purposes only
NMDCThere are multiple patterns visible here and it seems a breakout is being prepared considering all the patterns.
I see a large triangle formation breakout inside which a Wolfe Wave was already working and some of you know how much I love the Wolfe Wave.
Further the price action has taken supports multiple time from the same trend line.