GSFC - Trendline breakout and Good Morning star candle formationThe price has been consolidating since March 2024, respecting the 188 range on the daily timeframe. Last week, it broke out of the trendline within the wedge. On the weekly timeframe, the candlestick formation resembles a morning star, which is a positive signal. We can expect the price to reach the resistance line of the wedge, around 288 INR. This setup is suitable for swing trading.
Weeklytimeframe
USHAMARTUSHAMART :- Box pattern is made, keep an eye on stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
FCL Fineotex - 1.5 years consolidation Breakout / All Time HighFineotex Chemical Ltd
1) Time Frame - Weekly.
2) The Stock has been in a consolidation since (September, 2022). Now It has given a breakout & Closed at it's All Time High with strong bullish momentum in weekly time frame.
3) The primary trendline will act as a resistance around the price 577 in the short term.
4) Recommendation - Strong Buy
IOB / INDIAN OVERSEAS BANK - 4 months consolidation BreakoutINDIAN OVERSEAS BANK
1) Time Frame - Weekly & Monthly.
2) The Stock has been in a consolidation / Downtrend since (September, 2023). Currently the stock has given a breakout & Closed with strong bullish momentum & Good volume in weekly time frame.
3) The stock may reach the January, 2015's high (64.65) in short Term.
4) Recommendation - Strong Buy
SULA / Sula Vineyards Ltd - 5 months consolidation breakout ATHSULA / Sula Vineyards Ltd - 5 months consolidation breakout | All Time High
1) Time Frame - Weekly.
2) 5 months of consolidation / previous All Time High broken in weekly time frame with huge volume.
3) Since the stock is moving in an uptrend channel it will find its resistance around the price (626.45 - 13% from today's close).
4) Recommendation - Strong Buy
Axis bank Range Breakout RetestedAxis bank was in a range and has given its breakout with a very bullish candle and gave no chance to trade at that time but now the price seems to have RETESTED breakout level and started moving taking support from that breakout area.
Entry can be made at the current market Price of 867
Stop Loss would be at the last Swing i.e. 823
Reward - it shows a target of 1000 and there is long term resistance also at 1000
Reliance Parallel Channel Strong Confluence Circle I daily make market analysis videos and posts on Financial markets
SR means Support and Resistance
PC means Parallel Channel
Disclaimer: The information provided is for educational purposes only. Our intention is not to provide any financial advice, don't take any decision without consulting your financial advisor.
PVR positional analysis ! As shown in chart, it formed double bottom pattern and gave trend line breakout + retest.
Possible targets:
1) 1550
It may face this resistance.
2) 1700
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