BHARTIARTL - Weekly Breakout Clean weekly breakout in BHARTIARTL - Great fundamentals and excellent upside potential. Good time to enter.
Weeklychart
Firstsource Solutions - Rounding Bottom This smallcap stock has formed rounding bottom on daily and weekly charts. MACD and RSI shows the bullish trend and could reach to all time high. But at 189 with a Stop Loss of 181 and targets of 220
TATA ELXSI[W] Consolidation phase overTATA ELXSI Looks like consolidation phase over, ready for new High
DHUNSERI VENTURES WEEKLY BASE FORMATIONDVL - DHUNSERI VENTURES has formed a WEEKLY base with a DEMAND ZONE between 310-280.
Could be a great opportunity for LONG position with SEPTEMBER Quarter profit rise, BUYING volumes are increasing as well as 50 and 200 Daily EMA is following the price PROPERLY.
VISAKAIND - 800+ days Consolidation I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
PRESTIGE Breakout On weekly TimeFramePRESTIGE Giving breakout on weekly Timeframe.Investors and go long with Risk Reward of 1:3.
target 1 = 555
target 2 = 589
SL = 510
Welspun forming a cup & handle patternWelcorp has beautifully formed a cup and handle pattern in weekly time frame.
Currently, stock is trading at the neckline.
Be cautious in this stock as there can be multiple stoploss hunting before genuine breakout.
Targets can be minimum 100 points from CMP for positional and long term perspective.
Nifty takes rejection at the top, AGAIN!Nifty has taken rejection at the top and seems to be forming a potential Head and Shoulders pattern, which is a bearish pattern. But this pattern will only be validated if price breaks the important support zone of 16800-17000 levels . On the other hand, if the price climbs back up and breaks the resistance zone of 18350-18500 , we might see a strong bull market. Wait and watch would be the word, in my opinion.
INDOTECH: Resistance BrokenNSE:INDOTECH has broken 6 year of resistance. Long trade can be taken after closing of candle above the resistance.
GNFC buy signal, weekly timeframe.GNFC is developing a Cup and Handle pattern, which is a bullish pattern on weekly/monthly charts, indicating strength.
Moreover, company fundamentals are also very good with zero debt and healthy ROCE.
Price has started moving towards bullish territory but please do keep a strict stoploss and adequate position sizing.
#MASTEK DOUBLE BOTTOM STRUCTURETrade Wisely. We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
Trendline retest on long term chart Trendline retest on long term chart, weekly timeframe
falling wedge BO in short term.
#eicher #eichermot
PNBHousing looking bullishPNBHousing is in downtrend from 2017 and has been facing a weekly resistance near the trendline. It had given a breakout few weeks back but didn't sustain.
However, stock has bounced back from 0.5 Fib levels and gave a weekly closing above the trendline as well as the 200 EMA(weekly) which is a bullish closing.
630 is an immediate resistance above which it can test the 675-750 levels in short to medium term. So, you can keep the stock in watchlist.
Sharing this idea only for educational purposes and its my personal opinion.
Range StockHDFCLIFE is in a Range since it has been listed in the market and is continuously making higher highs and Higher Lows in a weekly time frame which suggests that it is in a UPTREND and therefore can be bought at the last support level for a potential next upswing.
It has come back to its support and further trading at the trendline where potentially it can take support.
A very short risk can be taken for a potentially big profits at this level, which makes it a highly favorable trade in risk reward ratio perspective.
ENTRY - can be made at the same level i.e. 495
Stop Loss- at the last low i.e 470
Reward - at the last resistance i.e 600 and then range resistance and then at next resistance i.e. 650.
*This is HIGH RISK HIGH REWARD trade. Use Stop Loss POSITIVELY in the market.
*preservation of capital in the market is the first step of a profitable Trader.
WILL #CIPLA BOUNCE FROM CRUCIAL ZONE??Trade Wisely. We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
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DIXONTECH WILL BREAK THE SUPPORT OR TAKE SUPPORT??TRADE wisely. WE CAN JUST PREDICT. Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
Arrow Greentech Cup and Handle Breakout on Weekly chartArrow Greentech is small cap company.
It has showed cup and handle breakout on weekly charts
Favorable R:R with SL at 165
Promoter has recently bought additional shares via preferential allotment at 108 along with an investor who has bought in 3% of the company
Healthcare global breakout #healthcare
#healthcareglobal
Healthcare global gave good breakout
Looks good to go long with sl of 290.
#vr
HDFC Bank | Inverse H&S in formation | 35% upsideNSE:HDFCBANK
Inverse Head & Shoulder under formation whose BO neckline is at 1510
Triple Bottom on Weekly Chart made on multi-year support line
CMP @1450 is bouncing from Short Term EMAs. Upside from CMP ~35%
Based on Fibonacci Next Tgts : 1558 - 1720 - 1980
SL : 1260
Time Frame : 3 to 12 Months
For Learning Purpose
Chaukhambha_Charts
LUPIN| Change in Trend | Start of Bull Run|43% UpsideNSE:LUPIN
Breakout of Falling Trendline from May 2021
Weekly Closing > 50 Week EMA after 15 months signals change of TREND
CMP taking support from Moving Averages
Targets : 744 - 839 - 915 - 992
Upside : 43%
SL : 640
RSI>55 back in BULLISH Zone
Larsen | C&H Formation | Breakout Candidate | 40% UpsideNSE:LT
Cup & Handle formation in Chart
Breakout Candidate
Good Buy above 1960
Targets : 2090 - 2476 - 2715
SL : 1800
Upside : ~40%
RSI in Bullish Zone
CMP taking support from Short Term Exp. Moving Avgs
DJI Seems Weak! S1-30520 & S2-29589 may act as supports.DJI's significant "Strong Weekly Closing" confirmed breakdown. Besides this, extreme volatility spurt in VIX too signaling the weakness. Although i am a learner. But this is somewhat remarkable. So sharing this view!
Thanks
MAHSCOOTER - Weekly chart - Cup & Handle BreakoutThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
