1. Stock price turning out with this breakout 2. Sep 2020 Gap has been filled 3. Breakout is decisive 4.1:4 RR trade set up
1. Low risk and very high reward 2. Patience will be tested to get such kind of targets 3.Follow SL on weekly closing basis, since its aggressive SL 4. 1:11.95 RR trade
NSE:VEDL Vedanta Ltd. has been in a consolidation zone for more than 2.5 months after a bearish trend and there is also 5 waves correction triangle is forming. Some more confirmation is mentioned below:- 1. The price will face resistance of the 200 EMA zone. 2. The volume is not supporting the Up movement the volume is declining and the price is increasing...
1. Clean & crisp breakout of triangle pattern 2. 12 months of consolidation 3. Major trend is bullish
Chart insist me to go with the above titled opinion.... Reasons : 1. Stock has been respecting the expanding triangular pattern . 2. MSTC has given BREAKOUT with extra ordinary volume on 28th November. 3. Respecting the DOW theory and has formed HIGHER LOW and then BREAKOUT. 4. REVERSAL from perfect trendline Support . Target and SL mentioned in...
MCX SPOT CMP 1380 240 mins time frame. Chart pattern study. Symmetrical triangle pattern fromation. Breakdown confirmed around 1440-1450 levels. Descending triangle pattern formation, demand zone around 1340-1350 levels. Need confirmation around this demand zone. Either reversal or either break down would lead to fresh journey for the counter. This will be...
It's my personal view. This is for educational purpose only. This is not buying or selling recomendations. I am not sebi registerd.
It's my personal view. This is for educational purpose only. This is not buying or selling recomendations. I am not sebi registerd.
chart pattern triangle breakout retested level and breaks swing high look for more upside from here
Syngene International Limited is an India-based contract research company. The Company is engaged in providing services from early discovery and development to commercial manufacturing for small and large molecules and a Market Cap of Rs. 24,500+ Cr. The chart is moving within a limited range since 2020 , for almost 2.5 years. Though the range is high but is...
From the past two years stock has been forming triangle pattern, finally it has given breakout from this pattern with good volume. From the current price level price may correct a bit as we can expect profit booking at this level. If price closes above 181, we can expect a bullish momentum in the stock. All the possible targets are mentioned on the chart....
RELIANCE broke out of triangle pattern as well as butterfly pattern above(2359) with good volumes. Could be bought with stoploss of 2325 & targets of 2400/2420. Note:- Reliance results tommorow.
Attached: Ambuja Cements/ Nifty 50 Daily Chart as of 19th April 2023 A Classic Triangle Setup is visible in the above Ratio Chart The Breakdown of this Triangle would result in the Ratio Selling Off (AMBUJACEM accelerating its Underperformance vs. Index Nifty 50) Hence this makes the Stock a Sell Candidate based on Weakness Well if you also look at the Price...
UPL on the verge of breaking past descending triangle above 743, loaded with good volumes on 30 min TF. Could be bought here or above 743 with mentioned stoploss & target.
MFSL broke out of triangle patern on 30 min TF with decent volumes. Could be bought with mentioned stoploss & target.
JSWSTEEL broke out of triangle pattern on 15/30 min TF with good volumes & also broke & trading above previous swing high of 692.50. Could be bought with mentioned stoploss & target.
TITAN about to break above triangle pattern (above 2541) on daily chart with decent volumes. If it breaks past 2541 then its a very good risk:reward in favour of bulls. Not to be missed breakout for short term. Could be bought with mentioned stoploss & targets.
The analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...