6 year old successful breakoutDaily time frame volume buildup is good enough.
Forming cup and handle continuation pattern.
2018 high breakout successful but wait for retest for conformation.
Note: I do my analysis, do yours before trade.
Volume
All time high breakout RETESTDaily and weekly time frame volumes looks good enough.
All time high trend line retest successful.
Taking support from 200ema in daily time frame.
Note: i do my analysis, do your before trade.
Ascending triangle pattern breakoutVolume buildup in daily and weekly time frame is signifcantly good enough.
Wedge pattern breakout successful and target achieved, wait for the ascending triangle pattern retest for conformation.
Note: I do my analysis, do your before trade.
Relaxo available at pre covid levels, attractive RRFundamentals : Strong, Consistent growth on Sales, Profits and EPS. High Reserves vs Debt Free. FII and DII stake increased
Technicals : Into bearish trend but nearing strong support zone.. Trendline support.. Good RR.
R 1: 970 (Trend reverse level)
R 2: 1100
R 3: 1250++
Support Zone : 680-750
High break out with retestDaily time frame-breakout candle volume is good as compare to previous candles.
Retest also done on trend line with good enough volumes.
Weekly time frame chart also looks good.
NOTE: I do my analysis, do yours before trade.
Rising wedge pattern breakoutVolume accumulation in daily and weekly timeframe looks promising.
Rising wedge pattern breakout successful with good volumes.
Major resistance ahead, wait for retest for conformation.
Note: I do my analysis, do your before trade.
Rising wedge pattern breakoutVolume accumulation in monthly timeframe looks promising.
Rising wedge pattern breakout successful with good volumes.
Major resistance ahead, wait for retest for conformation.
Note: I do my analysis, do your before trade.
Rising wedge breakoutVolume accumulation in monthly timeframe looks promising.
Rising wedge pattern breakout successful with good volumes.
Major resistance ahead, wait for retest for conformation.
Note: I do my analysis, do your before trade.
Symmetrical triangle breakoutVolume build up on daily and weekly timeframe is considerably good.
Symmetrical triangle pattern breakout, wait for retest for conformation.
Note: I do my analysis, do yours before trade.
Breakout successful in such a confusing marketDaily and weekly volume buildup is significantly good enough.
Retest done on the trend line.
Note: I do my analysis, do your before trade.
CAMS DOUBLE BOTTOM BREAKOUTCAMS breaking double bottom pattern
with huge volume
#target can be 3200+
EDUCATIONAL IDEA
SHANTIGEAR - Bullish Swing Reversal with VolumesNSE: SHANTIGEAR is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 11% to 17% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Voltas - Breakout with Higher LowsNSE:VOLTAS has broken out after over a year of consolidation.
Voltas started making higher bottoms after making double bottom pattern.
Stock is showing great volumes.
CMP 977
Breakout level: 930
SL: 899
Target: 1125
Stock can come back to its breakout level to retest the breakout. Retesting of breakout makes the breakout stronger.
Note: It's weekly chart analysis. Don't think short term based on this analysis.
Remember: SLs are essentials.
Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
TV18 - Ready for Cup & Handle BreakoutTV18 is trying to get over from over a year of consolidation.
TV18 has gained good volume in recent time and recent days.
While sitting right at the cup & handle resistance it is preparing for breakout.
However because it has already broken the pattern once in intraday and could not sustain, despite of strong volume, care needs to be taken while making a trade. A good buy level will be above 53.50, a little above the breakout level of 51.75.
CMP - 50.40
Breakout level - 51.75
Buy above 53.60
SL - 48
Target - 70
Pfizer - Cup & Handle breakout madePfizer has been consolidating for a couple of years and has now finally given a breakout with Cup & Handle pattern.
Cup & handle pattern is a highly trusted pattern for its bullishness.
Not to mention Pfizer is a strong company and should be part of everyone's portfolio.
CMP: 4240
Breakout level: 4150
SL 3980
Target: 4600 / 4780
Disclaimer: I'm not a registered analyst. I'm only sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
DELHIVERY - Bullish Consolidation with VolumesNSE: DELHIVERY is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 12% to 20% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Kalyani steels - Is this the end of wave 2?Let's assess the maximum drawdown this stock has given in the past from its ATH
24.10% since oct '23 - twice.
39.5 to 44.53% between 2021-2023 - 3 to 4 times
Let's assume today's high as ATH & expect to fall from Monday. Why? Despite huge volume, there is also huge selling pressure at 840. Hence the long wick at the top of the candle. Shooting star candlestick reversal pattern.
Recent drawdown is 24% twice. I assume this is the end of wave 2.
1st wave till Jan 12 '24 (1st swing high after consolidation)
Wave 1 to 2 - Jan 12 - Jan 24 '24 - pullback
Wave 2 to 3 - Big wave Jan 24 till now
Wave 3 to 4 - Pullback. Based on fall history. Let's assume 24%. Drew fib from Wave 2 to 3 to predict. 61.8% fib level comes around 24% fall from ATH which is 685. So from there, final 5th wave could come I guess..If momentum is so high, maybe it could reverse even at 50% fib level ~725.
Mahindra & Mahindra |Potential Breakout*But Mahindra and Mahindra Equity stock only you get closing candle about the trend line
*Keep Stop Loss 6%
*Target Up to 25%
BLUEJET - Bullish Swing ReversalNSE: BLUEJET is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 12% to 19% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Jamna auto triangular breakout with volumeAuto Ancillaries sector looking good in weekly timeframe.
Smallcap : BANCOINDIA, FIEMIND, SHARDAMOTR, RBL, LUMAXTECH, JAMNAAUTO
Midcap : SHRIPISTON, SANSERA, ARE&M, ROLEXRINGS, SUPRAJIT
Largecap : SONACOMS, UNOMINDA, TIINDIA
Jamna auto made a stellar breakout with volume on Feb 26. It's evident on Mar 11, despite selling, buyers pushed the stock leaving long lower wick showing bullishness. Height of the triangle and Fib retracement gives the target as 161. Pivot R3 also points to 161. Strong resistance at 161.
Disclaimer: Do your due diligence.
COLPAL F&P BREAKOUTCOLPAL breaking flag pattern
with good volume
#target 2850
#sl 2500 or follow ur risk appetite
EDUCATIONAL IDEA
HDFCBANK TRENDLINE BREAKOUTHdfcbank breaking resistance trendline
with good volumebuilding up
#target 1530 for now
EDUCATIONAL IDEA
LINDEINDIA - Bullish Swing Reversal with VolumesNSE: LINDEINDIA is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 10% to 14% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
