Inverse H&S formation on a downtrendInverse H&S formation on a downtrend. Weekly: downtrend observed and moving up.
ABCAPITAL trade ideas
Cup & Handle, Trend Breaks on Handle, Short NOwCup & Handle Formation on Aditya Birla Capt.
Trend Line of Breaks & its Confirmation is also seen.
No Volume seen @ 16th July justifying Fake Upward Trend.
Overall Short the Share.
Its My own Analysis, & Not Recommending it to anybody to Short.
Upward trend Over, Will make Lower Lows-Volume ConfirmationAccording to this Analysis the Upward trend is over(Higher Highs)
And it starts Making Lower Lows. Analysis through Elliot Impulse wave.
Confirmation of lower trend - Fake upward Trend was seen @ !6 July 2020( Dows Theory ) i.e. confirmed by the volume.
Time to Short The Share.
Its Just our Analysis not the Recommendation to Anyone.
Thanks.
AB Capital - Short TermNot much to say but feedback is important therefore please do leave valuable comments and feedback.
P.S. - I am still learning therefore all rules might not have been followed correctly.
Cup and Handle -- ABCapitalPrice had moved already and could see some pullback before reaching the required level. Volume seems pretty good with lot of people coming which signifies better buy.
Ab Capital: Power of Patterns and Volume confirmation.(1) Upper Parallel Channel in Daily Chart,
(2) Cup n Handle Pattern in Daily Chart,
(3) Volume in Accumulation Phase.
(4) Volume as above average.
(5) Point of Control(P.O.C) : 55.25 as in Volume Profile.
(6) Rectangle Pattern in Daily Chart
Long opportunity:
Buy above Clear all Breakouts i.e. 62.50 :
Target : 87.25
Stop Loss : 50 (Day Close Base)
Risk is yours and Reward is too yours.
NSE:ABCAPITAL
ABCAPITALBuy ABCAPITAL above Rs . 61 for the Targets of Rs . 75 - 80.....
Stoploss Rs . 51 ....
IF Stock falls from here then buy on dips around 54-60...
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Thank you,
Vishwajeet Sharma
AB Capital Positional CashInverse Head and shoulder Pattern with volume confirmation one can go long above 51.20 for 53/56 with Support of 48.10
Short Term Investment Pick: 2-3 months 50%-100% upsideShort Term Investment Pick: 2-3 months 50%-100% upside.
This was price level I was waiting for long time. breakout with good volume, one can enter above 115 with clear confirmation of price on daily level. 150/175/200 can be seen on cards. Once enter 100 can be kept as SL. Do wait for price to confirm before entering. " I AM NOT SEBI REGISTER, INVEST ONLY AFTER CONSULTING WITH A FINANCIAL ADVISER. Views are solely personal and for education purpose. Follow me on twitter @1mSharpShooter "
