Volume
IEX Accumulation phaseIEX, monopoly stock in energy trading.
It's looking in accumulation phase
Notice the high volume on daily chart which is preventing it from going below support level of 119.
It has a resistance level of 130, if it beaks with high volume them it can go 152 levels and further 250 levels,
GRAUWEIL for 25% (approx..) GainGrauer & Weil (India) is showing breakout on daily chart. today volume is also bust. One can capture the move of 20 to 25% move
Disclaimer : This stock is neither a part of Nifty 500 nor even Nifty Microcap 250. This is a recent listed stock.
CMP : 113
TG : 140
SL : Below 21 EMA
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision.
Ascending Triangle and it's meaning - understand using HALHow to identify an Ascending Triangle on chart and what does it mean?
Let’s understand this with current chart of NSE:HAL (dated 21-Aug-2023).
• Ascending Triangle is a bullish formation that generally gets formed during the uptrend and confirms the continuation of uptrend.
• Ascending Triangle pattern indicates the accumulation and gives bullish buy indication before breakout.
• NSE:HAL during its uptrend journey created break out from its uptrend channel on 7-Jun-2023.
• However, post that it has gone sideways and started forming an Ascending Triangle.
• Ascending triangle is created when price consolidates in the uptrend direction for some time by facing resistance at same level on the upper side of the triangle. Whereas the bottoms keep increasing.
• Volume starts getting decreasing from the starting point of the triangle.
• At one point, we will get Break Out from triangle with huge volume and uptrend will continue.
JSWEnergy Another energy sector stock on watchlistWe have seen good support reversal or breakouts in Energy sector stocks from past couple of weeks.
JSWEnergy is looking very attractive at 240 levels for a strong support reversal for medium term. Keep on radar for big target of 300 and above.
Idea shared only for educational purpose,
Cup and handle in Mishra dhatu NigamMIDHANI has formed a beautiful a beautiful cup and handle pattern from 2020. Now, the stock is standing near its neckline and is looking strong.
However, the stock has rallied from quite some time now so wait for consolidation after breakout or a retracement to get a good SL. Currently, 230 is a strong support.
Positional Target can be 350 which is 90 points(the length of handle above the neckline) .
Note:-Idea is shared for educational purposes and should not be considered as a recommendation.
BEL - Weekly Chart AnalysisAfter breaking the down trendline and taking support of key moving average it tested the ATH levels and broke without any consolidation. After taking out the ATH levels it consolidated for 5 weeks with 13% range and also on low volumes. Volumes are still dried up. It has managed to close above the July's last week candle high(131.70). 1st week of august it tried but failed. and this week it managed to close but volumes are not satisfactory yet.
We would wait for at least 2 consecutive daily close above this week close or high(preferable).
If in case it manages to, then SL would be 119.5(CLBS) and possible target would be 145 & 195 both derived as per trend based fib.
Stock is cruising well above it key moving averages.
Our view stands invalid if it closes below the previous ATH zone. (106-115) which was previous resistance thus now act as a support.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Century Textiles Cmp 832 H&S Pattern BO & Volome RiseCentury Textiles Cmp 832 dated 20-6-2023
1. Inverted H&S Pattern BO @ 833
2. Price Rise with Volume Rise
Buy above 833 target 855-885-910-950-1075
SL 780
It is just a view, please trade at your own risk.
5 Touch Point With Curve Line Breakout at MASFIN5 Touch Point With Curve Line #Breakout at #MASFIN daily Chart. Keep it on your watchlist. An important point is that big bulls Basant Maheshwari is also invested in it.#StocksToBuy #MultiBagger #sharemarket #Growth #Nifty #stockstowatch
BSE: 540749
NSE : MASFIN
ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN
It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing.