The stock gave a breakout on the weekly chart a week ago. Last week, the retest was done successfully, and today there was a fantastic recovery. Expecting a serious re-rating from here. An extremely cheap stock. Don't forget that Blackrock entered at 196. The weekly chart looks beautiful.
BRETT experienced a meteoric rise of over 550% in early 2024, breaking out from a double bottom pattern in mid-May. However, this rapid ascent was followed by a sharp decline as bearish pressure intensified, forming a descending broadening wedge pattern. Currently trading at $0.09145, the price is approaching the upper boundary of this wedge but faces immediate...
Bandhan Bank forming double bottom the last support "S2" is at the same level of Previous Support "S1" thus indicating the chart has formed double bottom and now will take the uptrend according to Elliot wave theory. Thus a clear more than 70% gain. This is further supported by improving financials.
Delhivery may soon deliver a good 45% gain Estimated time : - Within next 6 months Reason :- Its a turn around story just like zomato with company on way to be profitable from net loss making company. Check the fundamentals and know yourself
Trading indicators are essential tools for anyone looking to make informed decisions in the financial markets. These indicators analyze market data to help traders identify trends, momentum, and potential opportunities. These trading indicators come in different forms, such as moving averages (trend indicators) and The RSI (momentum indicators). However, no...
Anticipated Symmetrical Triangle Breakout - Tanla Platforms As seen in the charts, Tanla platforms is on the verge of making/breaking out of the symmetrical triangle pattern that has formed from the start of Jan 2022 up until now. I expect a breakout on the bullish side for the below reasons Attractive Fundamentals - Low to Nil debt - Debt to Equity < 0.05,...
2015 : Potential breakout Crossed with huge volumes but close below 1075.50 today RSI is greater than 70 on weekly/monthly time frame Promotor / FII / DII - Increased stake With Piotroski score 8, its a "zero" debt company Daily chart Snapshot: Three things to observe 1. Good Consolidation 2. Huge Volume 3. RSI trend line broken Sequential Targets :...
Bajaj Finance is showing buying from the lows. Go long for a Target of 6850. SL will be today's low.
Key Points: Pattern Observed : Cup and Handle Formation with Ascending Triangle Failed Retest : Cup & Handle Retest Failed, indicating strong resistance Support Level : Ascending Triangle suggests strong support around 1550-1600 Entry Zone : My entry price is between 1550 to 1600 INR Target Price : Projected target price is 1866.80 INR Volume Analysis :...
Hey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Formation of Symmetrical Triangle Pattern in Daily & Range Bound in Weekly TF. * From May 2022 to Aug 2024 its in range. * From May 2022 to Aug 2024 Tested & Moving Resistance Many times. * It's Near resistance Zone and trying to Break Resistance Zone with good...
Date 12.08.2024 Jio Finance Timeframe : Day chart Remarks: 1 If price exit descending triangle falling trendline above speed resistance fan or with support from speed resistance fan will be high momentum breakout. 2 The neckline of descending triangle has acted as strong support as triple bottom, if at all price exit this area then no catching of falling...
RVNL - Looking very good and took good support..RSI also indicates base is formed and volume after long time.. looking forward for good upside...
Hold long abv 50689 for Trg 51474. Trend change dates also given. Look for updates.
Nifty hold long abv 24420 ( dcb ) Trg 24715 atleast. Trend change dates also given. look for updates
Date 12.08.2024 IIfl Finance Timeframe :Day chart Remarks : A formation of symmetrical triangle pattern, support & resistance area is also marked. Moment ether side from support & resistance area or breakdown of symmetrical triangle should be used for btst/stbt or swing trade. Regards, Ankur
AURIONPRO - Daravax box pattern breakout stock and having potential to get doubled.. Currently with 50% upside stock looking good for 2500-2700 levels.. Pure investment stock and keep SL as per your risk reward..
INFY - Created base around 1730 and looking very strong for initial target of 1900 and long term perspective 2200-2500 levels..
Date 12.08.2024 IIFL Securities Timeframe : Day chart Remarks : 1 Trade as per fibonacci levels as per recent swing for support & resistance 2 Breakout or breakdown of Symmetrical triangle pattern can used for swing trade, btst/stbt 3 Can also keep 50 ema & 20 ema as stoploss/target along with fibonacci levels Regards, Ankur