Possible direction for ADANI ENTERPRISESNSE:ADANIENT A Wedge pattern can be spotted which has already been broken. If you are conservative, Wait for a retest of new support and plan your entries accordingly.
Wedgebreakout
Let's try again.....NSE:GAIL has given a bullish breakout once again by breaking T3.
One may re-enter in it with a stop loss below 145.
Like & Follow for new updates
SAIL IS GOING TO BE A RAIL AGAINSAIL is creating a base again to be a bulllish RAIL ---------------------------------------->
As you can see , it has already broken its falling wedge few times(unlike JSW and TATA Steel as they are strictly following the falling wedge), also the momentum increased creating a bullish divergence. So we can expect a good spike in upcoming days.(Can be a swing/positional trade after few days)
FOR INTRADAY TRADERS( only for 31-05-2021)
1- It was totally bearish last day and CREATED A DOJI(could be a sign of reversal) as last candle (on hourly frame).
2- Also , since it came again to support, so it can jump again as momentum is increasing.
LASTLY ITS UP TO YOU WHETHER TO TAKE A TRADE OR NOT, BUT FOR A SAFER SIDE, CAN EXPECT A PROFIT OF 4-4.5 Rs per share.......
Happy Trading ..... :)
Gold LongGold short term view.
if we sustain this trend line, can see 49400 in short term: 3-4 sessions
WhirlPool- Long (Falling Wedge pattern breakout)Falling wedge pattern breakout with good volume at weekly time frame. Can be good buying opportunity at CMP 2171. Target can be 23 %.
Disclaimer : Not a recommendation for study purpose only.
BASF India - 2wk Wedge Breakout on 4yr Resistance lineTested the breakout area twice on weekly chart as well.
SL: Below BO candle
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
Note: I reserve the right to be wrong.
For educational purposes only.
HDFCAMC Undecisiom momentReason :
1.Global crisis
2. Nifty looking weak
3.Possible for a pattern failure
4.fakeout
5.Avoid taking long for this month(index looking weak )
6.Maybe breakout possible stick with your stop loss(if the breakout happens to wait for a retest is a smart decision)
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
Multi time frame analysis ! Boom !Stock has given wedge pattern breakout on daily time frame. Stock is forming ascending triangle (which is a bullish pattern) in smaller time frame ( 5 min or 15 min). Best entry would be above 778 ( on closing of 15 min candle ).
View chart in 15 min time frame for better view of ascending triangle pattern. Hope you liked my analysis , All feedback are welcome.
SHILPA MEDICARE - Breakout - Retest Inverted Head and Shoulder Pattern formed long with a Breakout from a Falling wedge.
Simple price action analysis.
BBTC looks ready to blastBBTC looks really good after breaking out from the wedge pattern, the lower of the 2 lines on the chart is going to be your Stop Loss.
About BBTC: BBTC is in the business of Tea and Coffee Plantation and has a good stake in Britannia Industries.
MEGHMANI ORGANICS - BrkOut Rising Wedge- A breakout from the Rising Wedge on Weekly time frame with volume.
- Relative Strength beating the index.
BPCL - Rising WedgeBpcl has rising wedge on daily timeframe... but currently trying to break supply zone, let see how it react. Target on chart...
MADHAV MARBLES - Very strong MomentumBreakout from a Rising Wedge.
Breakout from a Darvas Box.
Bullish Hidden Divergence.
Strong Volume Candle.
Pattern and range breakout in Newgen SoftwaresA range formed on weekly levels is broken with the big bullish candle. A wedge pattern is also formed which is broken. A long trade can be taken. Although much volume explosion is not seen.
RBL Bank Falling Wedge breakout CMP 254 Target 366 BUY on DIPSA very strong PRICE structure in RBL Bank, after breaking out from FALLING wedge,it has maintained the strength
BAJAJ CONSUMER, 1D - " BREAKOUT" BajajConsumer daily chart giving RISING WEDGE PATTERN BREAKOUT.
Safe level is 212.5 above only
PS: All analysis are for educational purpose only.
After a small correction it appears Eichermot might head higherAfter a small correction it appears stock might head higher towards 2600/2650/2700 as long as 2480 in not taken on the downside.
All trading strategies and ideas shared are to be used at your own risk.
