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Volumeanalysis

Triangle Pattern breakout in CamlinFrom 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. Stop-loss can be maintained as 150/121 depending on your risk appetite. This is just a view, not a trade recommendation. Do your own analysis before making any investment decision. Do like, share and comment your view on the chart. NSE:CAMLINFINE
NSE:CAMLINFINELong
by KaravaliTradingZone_Official
2
Institutional Buying Zone Looking at past data, it is visible that: whenever, reliance comes to this zone and breaks out, it rallies, candle after candle, and has given 18% and 30% returns in almost 1 month. Reliance is at the same zone and at the bottom of market structure, it has formed 2 more bullish confirmations. 1. liquidity grab- Reliance broke the support zone and trapped short sellers and used that liquidity to burst out 2. Multiple Bearish Anomalies- As reliance approached the zone, it has a type of stopping volume, like a person slamming the brakes, red candles came with high volume but with very little downward price movement and started forming lower wicks. Even a good time to buy for investments. Target: 2754 Stop loss: 2180 Risk:Reward- 1:5 Keep It Simple
NSE:RELIANCELong
by Krish_Kohal
2
Eicher Motors Double BottomEicher motors has fallen from its high by about 20% and we may be looking at a double bottom reversal as it rests on the 200EMA. According to option chain data, 3100 is a strong support. According to Multi strike OI, calls graph is falling which shows a bullish Singal and puts graph is rising which shows an even more bullish signal. Targets of T1 and T2 with stop loss below 3050, safer traders can wait for the break of the trendline but it may mess up the entry price Keep It Simple
NSE:EICHERMOT
by Krish_Kohal
WATCH OUT for VoltasVoltas is so far away from its ATH and it is in the process of forming abeautiful cup with handle. On the break of the handle, the trendline and the 50ema will also be broken. If such a break is seen on high volume, a beautiful long position can be taken for a long term trade or even an INVESTMENT Updating this early so people can be on the lookout for a wonderful opportunity Points to Note: 1. Handle is showing a valid shakedown on low volume which is important as it is sort of a trap for sellers. 2. Handle is above the 10SMA and in the upper half of the cup 3. Voltas is at a considerable low from its ATH and such a powerful pattern at a low is a money minting machine Keep It Simple
NSE:VOLTAS
by Krish_Kohal