Mahindra & MahindraMahindra & Mahindra keep an eye, the Auto sector can perform well in the coming weeks
Trianglepattren
GoldGold made a bearish triangle pattern on the "Weekly Time frame", even it close below 45600 level
Levels for - 27 Sep 2021EXPLANATION : This is a 15 min time frame chart of DRREDDY . It has formed Symmetrical Triangle Pattern , both side levels marked in chart .
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Levels for - 27 Sep 2021EXPLANATION : This is a 45 min time frame chart of TITAN . It has formed Symmetrical Triangle Pattern , both side levels marked in chart .
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BOSCH LTD || Investment PickEntry : CMP
Exit : 12280
Target : 24500
Do share your views, happy to have more angles.
Levels for - 22 Sep 2021 EXPLANATION : This is a 15 Min time frame chart of RELIANCE , It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on RELIANCE . If stock break the trend line we plan to short , downside levels marked in chart .
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Infosys in a squeezeInfosys is forming a triangle and after breakout or breakdown can give good momentum
Triangle Pattern Breakout in Canara Bank1. Canara bank has given a breakout from the triangle pattern with decent volume
2. Its next target is mentioned in the chart itself
3. The target was a strong support before 2020, which is now going to act as a resistance.
4. Can be a good pick for swing trade.
Apollo tyres Swing tradeGo Long if candle closes above trendline with good volume
Stoploss Nearest Support
Target 30 %
PEL swing tradePrice has been consolidating around the 38.2% - 50% fib range/ 21 and 50 ema. It has even formed a triangle pattern. MACD and Stochastic RSI are signaling buy. A strong close above 2700 would be a good buy confirmation.
Chart Analysis EXPLANATION : This is a 15 Min time frame chart of BANKNIFTY . It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If gave a strong breakout and broke its supply zone with volumes and retested the same , I am bullish on BANKNIFTY .
Levels for - 09 Sep 2021EXPLANATION : This is a 15 Min time frame chart of BANKNIFTY . It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If gave a strong breakout and broke its supply zone with volumes and retested the same , I am bullish on BANKNIFTY .
Levels for - 07 Sep 2021EXPLANATION : This is a 15 Min time frame chart of BANKNIFTY . It has formed a Descending triangle pattern , taking exact support on Demand zone . I am seeing both side very good opportunity in BANKNIFTY .
Levels for - 06 Sep 2021EXPLANATION : This is a 15 Min time frame chart of DRREDDY . The stock has formed a Ascending Triangle Pattern , I will look to go long if it gives a good breakout of its supply zone and continue the upward rally . I am not comfortable in shorting unless it breaks its trendline with volumes. Entry as per your entry setup .
Levels for - 06 Sep 2021EXPLANATION : This is a 15 Min time frame chart of BANKNIFT . It has formed Ascending Triangle Pattern , Trend line Support . If BANKNIFTY gave a strong breakout and broke its supply zone with volumes and has retested the same , Go bullish .
Swing tradeEXPLANATION: This is a 4hr timeframe chart of PVR. The stock has been consolidating for the last 80 days in the tight range of 1300-1450. As a trader, We buy at the bottom and sell at the top. I am seeing a very good buying opportunity in PVR because of many reasons. It has formed a double bottom pattern near its major demand zone and went into tight consolidation again. Enter as per your setup and sit tight to achieve the maximum target.
Manakasia Aluminium looks a doublerGood weekly chart.
SL can be 15.65 and an initial position can be taken at CMP. Once the Triangle breakout happens above 18.90 the targets can be 24 and 36.
MRF LTD (swing)MRF has been in a triangular pattern, it broke with good volume after long time, looks very bullish , entry 82400, stop loss 78100, first target 89100
DABUR: BULLISH TRIANGLEDABUR: BULLISH TRIANGLE
_______
Buy CMP: 596.7
Target: 639.15
StopLoss: 574.00
This is my personal view about DABUR. Take it for an educational purpose. I am not Sebi registered or any Stock market expert. I am not responsible for profit or loss.
Dolat Investment Ltd - Long term - LongHi Friends,
Pranam!!!
We are going to analysis the script in the small cap finance segment company Dolat Investments Ltd!!
Fundamentally Script was very good based on the following basis screening:
1. Company Profit growth for the last 5 financial years was above 20pct.
2. Sales growth of the company was above 5pct
3. Average return on capital employed for the last 5 financial years was above 20pct.
4. Average return on equity for the last 5 financial years was above 20pct.
5. Debt to equity was below 1 pct.
6. P/E of the company is lesser than the industry P/E.
7. Finally, PEG was below 1.
On technically ground.
The script was breaked the parallel channel in the weekly time frame and its once again retested the level where resistance of 87 now turns support.
The trend as per EMA200 evidence bullish bias in daily TF and also the script has support at 89 & 72 and resistance at 105,116 and 128 respectively and script was retraced to the FIB retracement level of 61.8 pct and same was marked in the chart.
The dynamic support as per daily TF was at 92-99 as per EMA50-EMA79
MACD in 2hr & daily TF was in oversold area and in weekly TF it was in the overbought zone.
Stochastic RSI was in Oversold Area in daily and Weekly TF and Overbought zone in 2hr TF.
CPR of Daily TF was in the bullish bias compared to previous month and its was in the average CPR.
CPR of July month is a virgin CPR which can act as support.
ATR Volatility was in the peak in daily TF.
ATR Volatility in the 2HR TF was in the down, evidence for a breakout.
In 2hr TF:
Script was evidence in the ascending triangle pattern where the Higher High and Higher Low.
Based on the above, we conclude that the script was good for Long Term both fundamentally and Technically.
Entry -Brakes above triangle
SL - 96 - 1ATR of Daily TF.
Target - 120 and 128
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Symmetrical Triangle Pattern With Full Tutorial
1. This is basically a Symmetrical Triangle Pattern. Where Resistance & Support Line tends to cross near future, which is also known as APEX point. Breakout can happen both the side e.g. ups and down. In this chart is it in upside breakout.
2. We've to measure the distance of price range. Which is between Resistance & Support Line, when pattern was developed and now that range paste on the breakout side for measure Profit Target.
3. That price range has been paste in this area now 721.60 is the initial profit target for this Symmetrical Triangle Pattern.
