The Following Chart is of TCS, Which Shows Possible short term reversals and Possible Breakouts on the Stronger Resistance Level @3418 which itself is gonna be out 1st Target, If it breaks this level then expect a strong uptrend. Hold Long.
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Thanks, if you have any queries/suggestions related to above pattern, feel free...
Stock is supported quite a times from 50 EMA and can go long to All time High after a very good Q1 results.
Q1 '21 Results -
Highest ever consolidated net profit at ₹5,904 cr.
Highest ever consolidated revenue at ₹28,902 cr in Q1 FY22, a 145 % rise as compared to ₹11,782 cr in Q1 FY21.
Result is more than 27 % from the estimation.
After the Earnings Shoot-up, Asian paints has retracted a bit to its 0.5Fib levels forming a Double Bottom and a Falling wedge.
Asian Paints has an ideal condition where it never believes in having a proper breakout(*sarcasm*), so in the upcoming week if the bull run starts , a gap can be seen on Asian Paints at the starting of the day which can ideally be...
Technical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart,
Falling WEDGE upside Breakout Already Done ✅
Finally, RSI Indicator Broke the 7 Months Downtrend ✅
bitcoin sentiment is turned into buying on dips mood, Bitcoin could break to the 50 DMA. This level may attract selling from the bears but if bulls can overcome the resistance...
SCRIP: NSE:INTELLECT
TRADE: LONG (Buy/Add)
ANALYSIS: Long term consolidation breakout seen in scrip. #FlagBreakout along with #FallingWedge, both seen on daily timeframe.
DISCLAIMER: Please consult your financial advisor before taking any trade. After all, it is just an idea!
The pattern we see is an 'Rising Wedge' pattern. This usually occurs when a security’s price has been rising over time, but it can also occur in the midst of a downward trend as well. (Information via Investopedia)
The declining volumes indicate lower volatility and an imminent power move (long/short), ATR confirms the same.
Considering the bullish green candle...
POSSIBLE
WAIT FOR BREAKDOWN THEN TOOK ENTRY
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
GODFREY PHILLIPS Share Trend Analysis
July 22, 2021
Godfrey Phillips is a well known & one of the largest FMCG Company. During FY20 company sales of cigarettes product increase by 9.7%. Top most cigarettes brands of the company are Four Square, Red & White, Cavanders etc.
On Daily timeframe stock is making a wedge pattern & trying to break it since Apr 20. It has...
HSCL HAVE GIVEN A WEDGE BREAKOUT AND ALSO RETESTED THE WEDGE.
IT IS CLEARLY SHOWING A BULLISH STRENGTH.
ONLY FOR SWING TRADE.
1ST TARGET - 62
S/L - 50(ON DAILY CLOSING BASIS)
DISCLAIMER
THIS IS JUST FOR EDUCATIONAL PURPOSE.
DONT TRADE WITHOUT CONSULTING YOUR FINANCIAL ADVISOR.
LOOKOUT FOR WEDGE BREAKOUT
LOOKING VERY BULLISH FOR SWING TRADING.
AS IT IS A AVIATION COMPANY IT IS ALSO A GOOD CANDIDATE FOR UNLOCK OF THE COVID RESTRICTIONS.
BUY EITHER AFTER WEDGE BREAKOUT OR AFTER THE STOCK TAKING SUPPORT FOR THE IMPORTANT SUPPORT ZONES AS MARKED ON THE CHART.
DISCLAIMER
THIS IS JUST FOR EDUCATIONAL PURPOSE.
DONT TRADE WITHOUT CONSULTING...
This is one of my favourite stock.
Finally it have gave breakout from a long consolidation phase in a falling wedge price action pattern.
This pattern have took 1 yr and gave breakout.
Momentum looks very strong as it also has a seen hugh volumes that haven't came for almost a yr now(last time on 14th sep).
Let's see how much time it takes to test it's all time...
Stock has broken previous swing high (acting as resistance) and also the rising wedge formation with high volumes.
Looks good to break ATH of 327 in coming sessions
SWING - Target 340, 350 SL 299
Intraday - 327 above 321
P.S. Can accumulate at lower levels as well if stock comes down to 305 levels for pullback before again moving up
