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VOLTAS a Flag under formation will it breakout ? NSE:VOLTAS Ltd. is an interesting chart to keep on radar with following 1. RSI on all time frames above or almost at 60 2. Flag Pattern under formation at weekly chart 3. Price earlier was forming lower highs and lower lows; However after 16th December it started forming higher high and higher lows 4. ABCD pattern under formation on weekly chart 5. Weekly green candle on close of week with higher volume 6. Consumer Durable index is also forming similar bullish structure on charts Will it breakout or continue its consolidation ? Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:VOLTASLong
by purisonshuf
Apollo Micro-Do not miss this Volume breakout!Apollo Microsystems has given a breakout of consolidation with a strong weekly closing, almost forming a bullish marubozu candle Stock will look good only when it retest level of 110 and bounces. Levels mentioned on chart. I will not buy at CMP. Stock has potential to fly at least towards 200 according to fib extension. It is too good of breakout to miss. I have hardly seen such a bullish weekly candle recently when Nifty has been slight bearish.
NSE:APOLLOLong
by chartistamey
Lupin Breakout on Weekly Chart Current Analysis of Lupin (Price: ₹2369) Market Position: Trading near all-time highs. Recent breakouts were observed on both weekly and daily charts. Entry Strategy: Daily Candle: Wait for a retest of the ₹2306 level before entering. Look for a higher high (HH) candle for confirmation. Weekly Candle: Consider entering if the candle closes above ₹2369 with a higher high pattern. Technical Indicators: RSI: Indicates bullish momentum. Volume: Increased volume over the past few days supports the price movement. Risk-Reward Ratio: It appears favorable, suggesting potential for significant upside. Target: Aiming for ₹3000 within 6 to 8 months seems realistic based on current trends. Support: Trendline can be considered as a support level for managing risk. Considerations Monitor overall market conditions and any news that could impact Lupin’s performance. It may also be wise to set stop-loss levels to manage risk effectively.
NSE:LUPIN
by vishalkoyande2000
1
how to draw support & resistance Support: Draw a horizontal line along the most recent low or lows where price reversed or consolidated. This will mark the support zone. Resistance: Draw a horizontal line along the most recent high or highs where price reversed or faced rejection. This will mark the resistance zone Support and resistance can be found in all charting time periods; daily, weekly, and monthly. Traders also find support and resistance in smaller time frames like one-minute and five-minute charts. But the longer the time period, the more significant the support or resistance.
NSE:HDFCBANKEducation
by SkyTradingZone
3
Database in trading SQL remains a fundamental tool for querying and managing data. SQL's simplicity and power make it accessible to both beginners and experts. In trading systems, SQL enables efficient data retrieval and manipulation. Users can write SQL queries to analyze market trends and execute trading strategies. Postgres is an open-source production-ready database with lots of use cases. Mongo is a NoSQL alternative that can sometimes be much faster than SQL databases. Arctic is built upon Mongo to make it even more helpful for those who work with market data, as Arctic supports pandas dataframes and NumPy arrays by default.
NSE:AXISBANKEducation
by SkyTradingZone
3
Best Time To long $NYSE:ACN NYSE:ACN Accumulate the Best Companies at its best Price. Green Area Showing our Greedy Area. My opinions are based on my experiences, Learning is Important But We Have To Be Mature Thinker. Green Area is Best Supported Area, And Price Actions and Volume Tells All Behind Hidden Stories. Welcome Anyone in Discussion, And Not Take Offensive. Share Your Thoughts. ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be w+
NYSE:ACNLong
by knowngate
Coromandel International - Breakout Setup, Move is ON...#COROMANDEL trading above Resistance of 1938 Next Resistance is at 2310 Support is at 1545 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:COROMANDELLong
by MandeepSinghKohli
RSI in trading The relative strength index (RSI) is a momentum indicator that measures recent price changes as it moves between 0 and 100. The RSI provides short-term buy and sell signals and is used to track the overbought and oversold levels of an asset. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition. The RSI is one of the most popular technical indicators, and it is generally available on most trading platforms offered by online stock brokers.
NSE:HDFCBANKEducation
by SkyTradingZone
3
Blue Star Ltd - Breakout Setup, Move is ON...#BLUESTARCO trading above Resistance of 2154 Next Resistance is at 2798 Support is at 1782 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BLUESTARCOLong
by MandeepSinghKohli