Weeklybreakout
Possible Supply Zone Breakout in Anant Raj (W)Finally stock has managed to break above the previous supply zone which was sustained for almost 8 years.
For breakout confirmation stock has to close above 88 with good volume in the weekly chart.
In the hourly chart, the price has given a flag and pole breakout with the first target of 100. SL for the trade can be placed at 77.
All the possible targets are mentioned in the chart.
This is not a trade recommendation, Do your own analysis before investing.
Do share your views on this.
Possible Cup and Handle Breakout in CL EDUCATE weekly chart
Stock has given breakout from its cup and handle pattern, yet there is no significant volumes on breakout. For pattern confirmation price has to close above 170 in weekly chart.
At present Stock has given a cup and handle breakout with significantly good volume in daily chart and may come for retest at 170-150 levels.
For further strong up move, price has to close above 187.
All possible targets are marked on the chart. Maintain strict stop-loss at 130.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
NSE:CLEDUCATE
Sutlej textile BuySutluj textile made a cup and handle pattern on weekly charts wait for the confirmation on the closing above 82.
targets would be 100-120 SL below 69
This for the educational purpose only..
check out my previous study on Mirza and Canara bank which gave tremendous movement.
Thank you
GRSE | WeeklyTechnicals:
1) Consolidation of two years (Stage I).
2) Resistance zone breakout, after two years, with Volatility Contraction Pattern formation (Stage I to Stage II Transition).
3) Breakout supported with Healthy volumes.
4) Momentum indicators giving green signal.
Fundamentals:
1) Almost a Debt free company.
2) Paying out good dividends.
3) Posting good earning results.
Good Stage II (Uptrend) candidate to watch out for!!