M&M | Triangle - Expecting breakout and could give us 10%
The reason i'm expecting breakout is it has strong weekly support for the last 2 months - Switch to Weekly chart to get more clear view
CMP : 595
SL : 580
Target : 655
1:4 risk reward setup
At every peak the stock has made a new high.
May be this will take months to form peak 5.
After fall the stock move up rapidly to its peak and near the peak there is price rotation.
The formation of new peak is becoming narrow.
Making a higher high and higher low.
An uptrend is created by higher swing highs and higher swing lows. Pullbacks create the higher...
Crisil looking for a good multi-year breakout (LTP 1975) on the weekly chart which has been tested 5 times previously and this is the 6th time. Can be looked at for a long once it breaks the flag pattern.
Elliot Wave Analysis of Tata Steel with Fibonacci retracements.
Currently in wave A of parallel channel correction or about to end Wave 3 of Impulse start of wave 4.
Daily chart shows shooting start on 11th Aug and on 13th Aug resisting 430 levels.
Tata Steel Downward Parallel Channel breakout on Weekly chart.
Testing Trend line drawn from wave 1 start and wave...
The weekly is turning down and the daily right side is down with a bearish sequence against the 2/16/18 highs at 1.2557. The 4 hour right side is down with a bearish sequence against the 1.1496 highs from 3/9/20 . The hourly is turning down against 1.1149. While below there expect further weakness.
Price action of Dhanuka Agritech exhibits a sustained weakness in Weekly time frame. The stock has consistently formed lowers and lower highs until recently.
By analyzing the recent price action, we could see that the two relatively new lows formed are at the same level indicating that bears might be losing steam. In fact previous weekly candle was huge thereby...
PEL seems to respond to a critical Weekly support. Risk-Reward favors a long trade.
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