LICHSGFIN | Wedge breakout looks good for 12% (Smaller TF) CMP : 415 (Dip : 405) SL : 395 Target : 465,480 1:3 risk reward setup for first target from dip The stock looks very good in weekly time frame, this is a small opportunity for short term (can see result within 2-3 working days)
Torrent Power saw huge buying volumes after posting great results post-consolidation. It has given a breakout of the wedge-channel pattern on the hourly chart. The retest is done with extremely low volumes and it is currently at the support zone. Can go long for short-term. NSE:TORNTPOWER
Disclaimer-: 1. Long-Term Bets can be solely made from technical analysis if done correctly. Nonetheless this can be used in combination with Fundamental Analysis . So readers feel free to comment fundamental ideas if any, either in support of long or short, both will be highly appreciated. 2. **FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I...
wedge pattern breakout. wait for its sustain above 1345 this level. wait for retest. buy for target 1560 1600 1650 . educational purpose. Happy trading
NSE: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.
ADANIENT is giving a rising wedge pattern. Does this look bearish?
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 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...
Gold short term view. if we sustain this trend line, can see 49400 in short term: 3-4 sessions
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.
Analyzed yesterday see the charts .... :)
Tested 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.
Reason : 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...
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.
BUY with a risk of 4% . rewards can be up to 12%
Inverted Head and Shoulder Pattern formed long with a Breakout from a Falling wedge. Simple price action analysis.
BBTC 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.