44 Moving average trade + Uptrend channel #1 | Mindtree A very innovative strategy of 44 moving average + support lvls of trendline or u can say a good up trending channel :)
Well, one should always trade this pattern if u know how to manage the risk :)
risk should be the money = after losing it u don't feel sad.
Happy trading and be happy :)
Uptrending
Is Nifty PSE set to be in Uptrend for next 2years ????Hi
Just an observation and analysis based on charts and other technical factors
Looks like we are going to see an uptrend on NIFTY PSE i.e. >51% outstanding shares owned by Central / State govt
The list of all the PSE mentioned in the below link and individual charts are also indicating a bull run for PSE
in.investing.com
BREAKOUT CONFIRMED ON WEEKLY CHARTS | UPTREND ON!Stock has cleared the breakout levels in today's session and gave a comfortable close above those levels, which confirms the breakout, can definitely be bought here with the respective stop-loss for an expected profitable trade.
Endurance Technologies - Inverted Head and shoulder patternEndurance Technologies weekly chart shows inverted Head and shoulder pattern. Buy at cmp with a SL of 1149 or accumulate in dips. Can go long with trailing stop loss for the technical target of 1798.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
Greaves Cotton - W PatternGreaves cotton weekly chart shows possibility of W pattern formation. Can buy at cmp with stop loss of 82.7 or can accumulate in dips. Can go long with trailing stop loss for the technical target of 146.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
NTPC Ltd - W pattern possibilityNTPC weekly chart shows possibility of W pattern. There is possible up move here following W pattern. Can go long with trailing stop for the target of 145.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
GAIL INDIA LTD- W PatternGAIL India Ltd daily chart shows a beautiful W pattern. It is likely to follow the W pattern. The dotted lines shows the probability of the movement. If everything falls in place, it might complete the W pattern. A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. The double bottom looks like the letter "W". Can go long with trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
BSE - Inverted Head and Shoulder breakoutBSE weekly chart shows inverted head and shoulder pattern. Breakout is seen in the chart. There is high volume too. I would not suggest wait for some correction for buying. You can also accumulate in dips. Can go long with trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
Bharat Forge - Inverted Head and Shoulder patternBharat Forge daily chart shows Inverted head and shoulder pattern. Can buy at cmp with SL of 518 or can buy in dips. Can go long with trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
KEI Industries-W patternThe KEI Industries chart is following W pattern. I had prepared KEI International chart on 18-11-2020.At that time, price was 365 and today it is 424 which is ~16% rise in just few days. (I am unable to attach png file of 18-11-2020 chart of KEI Internatioanl here. Do let me know in comments if there is any way for that. I used to save all the charts in png format previously. Recently started publishing here).It has beautifully followed 'W' pattern in the chart. The W target has been achieved here.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Happy investing :)
MEGHIt's bullish on monthly charts too.
After considerable correction, the second bullish wave has just started above 60, so one can still accumulate if near term if we see any downside keeping strict stop-loss at 60.
On the daily chart, it is very bullish and the uptrend has already started.
Suggest to book partial profits sequentially at levels of 90, 100, 110, 120, and 130.
a major correction can be expected at 130 level.
Reliance: AnalysisReliance has broken a rectangular pattern in daily time frame and it is at all time high levels and in upward momentum.
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Reason to Buy after Retracement:
1) Pattern breakout
2) Good volume at breakout
Indicator supported this breakout:
1) Bollinger bands
2) Moving Avg.
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Planning on Buying at retracement. Stop loss will be below immediate support level.
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Hault candle possible for near future. Trade with RR Ratio in mind.
Advanced Enzyme Technologies Ltd: Inside bar tradeAdvanced Enzyme Technologies Ltd: Inside bar pattern on 1 hr TF chart with a spike in volumes. Strictly enter and exit strategy. Entry at INR 194.85 (High of the preceding bar) and Exit/ Stoploss (low of the preceding bar) at INR 185.10.
“The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.” – Ed Seykota
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
Investment idea in ATUL on NSE (INDIA)This is weekly chart of ATUL on NSE (INDIA) which looks an excellent investment idea based on following observation:
1. It is up trending scrip which is quite obvious by looking at chart. CMP is 3304.65)
2. Two trendlines have been drawn which have been tested many a times exhibiting multiple supports (shown by arrows)
3. Dividend has been paid in July 2018 (Rs 12/-)
4. Resistance at 2560 was decisively broken on 18th Dec 2017 which subsequently acted as support and was tested on correction on 5th Feb 2018. Price then consolidated during 5th Feb 2018 to 20th Aug 2018 and finally given fresh breakout on 27th Aug 2018. Price subsequently tested EMA20 on 1st Oct 2018 which acted as support. It therefore establishes that EMA 20 will act support in near terms on weekly chart on closing basis.
5. Bullish crossover has been witnessed on Stochastic RSI as marked on the chart.
In view of above, it looks an excellent idea to invest in this stock on long term basis keeping initial stop at 2800 and then trailing as price move further towards north. Trailing stop could be weekly closing below weekly EMA20.
Happy investing !!!
BTST IN INFY SEPT FUTBTST IN INFY
SEPTEMBER FUTURES
DOUBLE BOTTOM BREAKOUT CALLED PLAYED-OUT
PULLBACK PLAYED-OUT
NEW HIGH TAKEN-OUT
A CLASSIC UPTREND CHART
BUY@1440
STOP@1429.5
TARGET@1455
LOT:600
QTY:2
Upward momentum for BPCL
Here the stock bounced back twice from upward support channel. This seems like a good indication that it is firmly heading upwards. Let's wait and watch.
Sintex Moving Up (Breaks Resistance)It is been observed on weekly chart that the price action firstly trending under a downward trendline and then breaks out of the trendline with good volumes. Now, it breaks the resistance level of 89 and now trending up in a channel and it shall reach to 95 levels.
Target: 94.50
Stoploss: 84
