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CENTURYPLY Volume Dry Up Near BOCENTURYPLY has extreme volume dry up over the past 19-20 trading days. Keeping a SL of 4-5% around 795 gives a good entry as the stock has been in accumulation in prior weeks. Sales has taken a good growth of 9%, 10% and 13% in the last 3 QoQ. This is a trend I particularly look for as beating QoQ in last 3 quarters in upwards trend is rare among stocks. Tight SL entries supported with good volume dry up is something new that I am experimenting with so a small SL helps test this hypothesis out. Accumulation helps certainly. Let's see how this plays out...
NSE:CENTURYPLY
by HawkishDove
Morning Star + Flag pattern - Trend ReversalMorning Star - The Morning Star pattern is a classic bullish reversal pattern in technical analysis. The pattern consists of three candlesticks: two large ones with different directions and a smaller candlestick between them. Flag Pattern - A sudden move in either direction followed by the price consolidates in a range following the sharp move, and the price then continues to move in the same direction after it breaks out of the range. Its visual resemblance to a flag and a pole
NSE:MBAPLEducation
by Ashiq996
Suzlon.. currently in Falling Wedge. Looking at this chart of Suzlon Energy Ltd. on NSE, here are some key observations: 1. **Falling Wedge Pattern**: - The recent price action shows a falling wedge, a pattern characterized by converging trendlines sloping downwards. This often suggests a potential bullish reversal if the price breaks out above the upper trendline. 2. **Uptrend Channel**: - The price is still within a broader upward trend channel, indicating the overall bullish trend is intact despite the recent correction. The current price is approaching the lower boundary of this channel, which could act as a support zone. 3. **Volume Analysis**: - Volume seems to have decreased during the recent downtrend. A breakout from the falling wedge with increasing volume could further confirm bullish momentum. 4. **Relative Strength Index (RSI)**: - The RSI is showing a bullish divergence; while the price is making lower lows, the RSI is making higher lows. This divergence is often a precursor to a potential price reversal. 5. **Support Levels**: - The price is near the lower trendline of both the falling wedge and the broader upward channel, around the INR 62–65 range, which could serve as a strong support zone. 6. **Potential Trade Setup**: - A breakout above the wedge with strong volume could provide a good entry point for a bullish trade. Alternatively, if it fails to break out, monitoring the lower boundary of the channel as support would be essential. In summary, the chart shows signs of a potential reversal if it breaks out of the falling wedge. Watching for a breakout with volume confirmation and monitoring the RSI divergence will be crucial for validating the bullish case.
NSE:SUZLONLong
by brijmohan_h
Jupiter Infomedia - Ready to breakout for a good move!Jupiter infomedia made a tall pole breakout last year and since then it has been consolidating. Stock has shown great volume during the pole construction and even during the consolidation volume has shown growth with small spike regularly. Stock is now showing potential to come out of its range and breakout from the flag pattern. CMP 41 Potential upside of about 40% Watch out for breakout before you dive-in 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.
BSE:JUPITERINLong
by anuragcoma15
Bedmutha - Flag pattern is nearing completion!Bedmutha gave fantastic breakout around mid-70s to about 300 level during last year, and since then it is consolidating. It is now consolidating for 8-9 months. Stock has recently shown spike of movement in its sleeping volume bars as well. Bedmutha is yet to give a breakout and unless that is done this stock can sleep for a few more months. Watch this stock for a strong breakout and then 20-50% return in a quick spell. 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. CMP: 217
NSE:BEDMUTHALong
by anuragcoma15
Accumulate India Cement range 350-370 before Flag pattern breaksIndia Cement Flag And Poll Forming Flag and Pole pattern, stock has been sideways since last 5 Months. Nifty correced more than 7 % from its all time high butno correction in stock price. The pole as formed with huge volumn but in side ways move volume. Buy accumulate between 350-370 Once breaks out stock could touch price of 560 SL would be 340 on weekly candle closing basis. Buy Range 350-370 SL 340 weekly candle closing below 340 Target 560+
NSE:INDIACEMLong
by pramodchoudhari