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QUICK HEAL TECHNOLOGIES LIMITEQUICK HEAL TECHNOLOGIES LIMITEQUICK HEAL TECHNOLOGIES LIMITE

QUICK HEAL TECHNOLOGIES LIMITE

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QUICKHEAL trade ideas

Quick Heal - Perfect example of Three Falling Peaks Pattern.Three Falling Peak Pattern 1. This pattern is a pattern that signals change in current trend and start of new trend. 2. This pattern is explained by Thomas Bulkowski in his book " Encyclopedia of Chart Patterns " 3. This pattern is used to avoid creating long positions in stock that may enter in bear markets. Rules of this Pattern 1. There should be a uptrend preceding this pattern. 2. Formation of similar/identical Three (3 ) peaks , each lower than the last. 3. Pattern gets confirmed , when prices closes below the lowest valley. 4. Stop is to placed at the last peak 5. Target of this pattern is derived by deducting 33% of the difference between First peak and the lowest valley, from the lowest valley price. 6. If the Bear trend extends further,second target can be find by deducting the entire height of highest peak between lowest valley,from the lowest valley. Here in this Quick Heal Chart , three peaks pattern formation can be clearly seen, i have marked the three peaks as 1 -2-3 ( The peaks are thick and look identical, i have placed a horizontal line at the lowest valley( 232.2 ). The stock opens gap down , broke the lowest valley support( 232.2) , hence confirming the trend change in the stock signaling start of a bear trend. First target for this stock was: { 232.2 - 33% of } = 211 Second Target { 232.2 - } = 169 Well this pattern cannot be used as a system to exit long position , as it takes long to get confirmed, where more of your profit would be eaten away, if you wait for this pattern to get confirmed, however this pattern can help you avoid creating long positions in stocks which has entered in a bear market and saves you from making losses, and aggressive traders can also creates short positions with the help of this pattern.
NSE:QUICKHEALEducation
by manuagarwal21
Quick Heal TechnologiesQuick Heal Technologies is hovering near its support zone ( 210-206- 200 ) from past 2-3 weeks. The price action suggests that bears are not aggressive at these levels. Volume levels seems to be average. These levels are definitely crucial for the stock in the near term. Hence any break or close below 200 levels, may see fast move towards 194 or 186 levels. On the other hand , if stock founds support and bounces back from 206 level , then stock may see a move toward 213-215 levels
NSE:QUICKHEAL
by manuagarwal21
QuickHeal: Falling Wedge Pattern This is the Chart of Quick Heal on the daily scale, A falling Wedge pattern did appear and the Prices breaks out downward. Though Falling Wedges patterns are supposed to breakout upwards, but here it breaks out downward. This pattern forms over a period of approx 6 months. Break out came with a gap , hence signalling price may go down further. Support for the stock is at 210-209 levels. And if i look at harmonic pattern i could see a probability of Bat pattern ,suggesting a support zone near 211-210 levels Hence , one should keep an eye on these levels to determine the further price action in this stock
NSE:QUICKHEAL
by manuagarwal21