BARBEQUE: Ascending Triangle BreakoutBARBEQUE is breaking out of a 5 month ascending triangle. The breakout has to successfully cross the 200EMA which is directly on top of break out now. High volumes for last 3 days with high RSI.
BARBEQUE trade ideas
BARBEQUEAs we are observing good consolidation on daily time frame chart after good up move with rising volume.. Cup and handle formation is creating on chart but we can take aggressive entry before pattern forms..
Entry and SL is marked on chart with target ( RR 1:6+ )
Above analysis is for study purpose only...
BARBEQUE BREAKOUTHi traders barbeque formed falling wedge pattern and we can already see breakout... longing in this stock with aim of 700
BARBEQUE BULLISHthis stock will start rallying in coming days because of inflation coming down and place your stoploss at 675
Megaphone Pattern Trading in BarbequeMegaphone Bullish Pattern seen in barbeque nation hospitality ltd.
It represents a battle between buyers and sellers, leading to peaks and troughs in price. When connecting these highs and lows, the megaphone pattern emerges.
Can we use a megaphone pattern for Day trading, scalping, and position trading?
Regarding the usability of the megaphone pattern for different trading approaches, it is generally considered more effective on longer timeframes such as swing trading and position trading. The pattern's reliability may be diminished on shorter timeframes due to increased noise and random price fluctuations. Therefore, it can be used for day trading, swing trading, and position trading, but it may not be as suitable for scalping strategies that rely on quick trades within short time periods.
What is the winning Ratio of megaphone pattern trading?
As for the winning ratio of the megaphone pattern, it is important to note that no trading pattern guarantees a fixed win ratio. Market conditions, price behavior, and other factors can influence the outcome of trades. While the megaphone pattern is considered highly effective, it is still advisable to conduct thorough analysis, consider additional indicators, and manage risk properly. Consequently, it is not accurate to claim a fixed win ratio above 70% for the megaphone pattern or any other trading pattern.
Conclusion
Finally, as mentioned earlier, the megaphone pattern can act as both a trend reversal and a trend continuation pattern. Its interpretation depends on the context and market conditions. Traders can adjust their trading strategies accordingly, either taking trades that anticipate a reversal or trades that follow the continuation of the existing trend. It is important to consider other factors and confirmatory signals before making trading decisions solely based on the megaphone pattern.
BARBEQUE - Buy @ 602Ready for bounce
Buy - 602
SL - 588
Tgt - 597
**This is personal opinion and for education only**
Barbeque Nation Trend Reversal? Heavy Volumes Barbeque Nation
Fundamentals : Avg, Improving. Last few quarters FII and DII position increased significantly
Technicals : Bullish, attempted Trendline breakout and closed above 21 EMA with heavy Volumes on daily chart, Hammer candle on Weekly Chart, good RR.
R1: 730
R2: 800
R3: 890++
SL: 590
Reversal Idea - Barbeque NationHave been analysing this stock for a while and found it breaking out of shorter EMA and showing signals of reversal. I am taking a long position for testing my hypothesis @ 743 with minimum capital as it is just testing. I would like to hold my position until a strong breakdown if market crash happens. My Idea is not a financial advise but just a simple analysis of price action to understand the behaviour of stocks at tike of reversal and correction.
Barbeque Nation LONGPositional call
Cmp 1137
SL 1030
Target 1450
Risk reward ratio 8.72
# Trend Analysis
NOTE ( Today on 26th Aug 2022 in economic times IDBI capital broker gave a target of 1457 for barbeque Nation )
Cannot post link of the article due to technical difficulties
Check news section on economictimes.indiatimes.com to see the article.
barbeque nation breakout patternbarbeque nation breakout pattern
TGT 1600 LEVELS
buy above 1290 ...1600 levels to be seen soon...
barbeque nation breakout pattern
TGT 1600 LEVELS
buy above 1290 ...1600 levels to be seen soon...
Barbeque Nation Hosp. LtdBarbeque Nation Hosp. Ltd bought by various FII and DII in bulk deal on 6/4/2022.Total buying of 355 crore Rupees at average price of 1164 Rs per share..
#Barbeque #stocktowatch #stockstowatch #stockmarket #stockmarketindia #swingtrading #bulkdeal #FII #DII #MutualFunds
Barbeque Nation - TL breakoutSwing tarders can plan a trade here with SL below the swing low. 10% SL
Barbeque Nation Can Give A Good Move Anytime.Barbeque Nation is forming a decent symmetrical triangle formation. it has taken 3rd support at the trendline and had also formed a rounding bottom formation which shows accumulation. Can be bought after breakout of upper trendline. MACD Crossover is also on a verge of happening, which helps the trend and big move. This stock is volatile and sometimes gives big movement and wicks, so have to be careful.
Barbeque Nation - Countdown Begins ?An arithematic Sequence seen in the weekly chart of NSE:BARBEQUE
Waiting for 15th Week (Please refer my chart analysis) to close for an Entry.
Guys,let me know your thoughts on this.
Thanks
Idea on BARBEQUE NATION Guess !! Buy Positional BARBEQUE above CMP @1540 HOLD for 1940 Stop loss 1380
BARBEQUE NATION: Good Swing Opportunity expexting 30% upsideNSE:BARBEQUE
Good Swing Opportunity expecting a 30% move
BARBEQUE NATION, DTF, LONGBarbeque Nation, DTF, Breakout happened from channel pattern and one can take position with above Today High (i.e. Above 1460)
Rectangle pattern: BBQ (Time frame- 1 Day )Rectangle pattern: BBQ pattern (Time frame- 1 Day )
.
Chart time frame -1 Day )
Trade type -Short term
Duration - 3 months
Entry - 1285
Target 1 - 1500
Stoploss - 1500
Risk : Reward - 1:2.5
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Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
barbeque nation stock have given triangle bo and taking support near 1180 now if 1330 cross than we can see 1500++ on the counter, on aggression one can go long at cmp with sl at 1160 for target 1500++
