Although the breakout is not so convincing as of now with good volumes, i'm expecting a fall sooner. CMP of the stock is around 934. Will sell on rise till 940 based on bearish signal. If it gaps down, then will enter below 931 for a target of 900. Entry - 930-940 zone SL - 950 T1 - 920 T2 - 910 T3 - 900 For study purpose Thanks.
The stock has formed Broadening Formations, Right-Angled and Ascending pattern and one can buy on the touch at horizontal line. There was Bullish Engulfing on 13.06 and it trades above the next day showing strength. Stop Loss is of one bar is affordable. Entry 18100 SL 17750 Target 19500 RR Ratio 4 Disclaimer : All ideas and comments are my personnel view....
hello guys . . today came up some good chart patterns jindal steel is forming cup and handle pattern on daily . . the handle ( pink colour ) looks like triangle has been forming for past 6 months ( classical triangle pattern forms 6 months ) prices are nearing its apex one can see chances for break out happening probably on the upside ( it can breakout on either...
TCS is snake-ing up , making a rising wedge. Without the drawing--->
The price has been forming Right-Angled and Descending Broadening Formation since last 6 months now it may try to touch the other side of the pattern. Interestingly it makes good up move whenever RSI comes back from oversold zone marked in the chart. Currently it is in the same situation. Pitchfork seems to be good catching the price movement and the trade is...
The stock gave a breakout from the falling wedge which was in formation for the past couple of weeks. Now the CMP is around 650 and we can enter above 650 based on further price action or around 645 when it pullbacks. Enter - around 645-650 zone SL - 635 T1 - 660 T2 - 665 T3 - 670 For study purpose Thanks.
Nifty is under consolidation - as shown it is going through the yellow rectangle - And on D1 its going to be a Triangle pattern - I shall wait till it crosses the trend line - Considering the world wide markets, I expect the bullish breakout of this triangle
hi my fellow traders . . today i came across a chart pattern falling wedge on daily and weekly charts in godrej industries, initially the stock was in uptrend following which the stock formed falling wedge on both daily and weekly charts currently the markets are in the centre of wedge . .try not to trade at these levels. . if the markets reaches 600 levels the...
Rising Wedge pattern Breakout, now expecting more fall approaching the first target
Morning star candlestick reversal pattern at the lower line of Broadening wedge is giving earlier sign of reversal of this down trending stock. RSI also coming back from the extreme oversold zone telling the buy, moreover the trade is available at small risk of one bar stop loss so one try his luck as under Entry 276 SL 262 Target 311 RR Ratio...
Rising wedge breakdown.
KSCL Has broken down today on NSE with more than 4 times its average volume just below ichimoku cloud. which signals a sell. Since markets are volatile, it would be good to enter sell position on KSCL around 480 with SL of 495 and Target of 455.
Recently the stock has a given a falling wedge breakout on the upside. CMP is 1029. Expecting to enter on pullback till 1020 if it happens. Else will go long above 1036 for a target of 1060. Entry - Around 1020 zone if it pullsback or above 1036. SL - 1009 T1 - 1045 T2 - 1052 T3 - 1060 For study purpose Thanks.
ASIANPAINTS is making a rising in a wedge, respecting the trendlines. Currently testing the upper edge after a sharp ride the other day making lifetime highs. Awaiting a breakout/Reversal.
2B Reversal pattern formed as Bullish engulfing so it seems buyers are emerging at current level. One can buy the stock with SL of low of last bar for a target of above 40. Reasonable risk to reward ratio trade. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Stock has been moving in the Broadening Wedge boundaries making nice alternate touch. It has bounced from the lower boundary and retested it again today. RSI coming out of overbought zone. Ideally any closing above 309 should trigger a long trade however aggressive trader can buy the stock now for a target of 335. Disclaimer : All ideas and comments are my...