AK1808

AK1808

Stock has retested its previous resistance level and bounced back. Also kind of double bottom formed on weekly chart. Longs can be considered with SL 1850 on weekly CB for the target of 2400+ (20%) with more than 1:2 RR. Kindly do your analysis before initiating trade.

AK1808

Stock has given bearish flag breakout on downside, on daily chart. Shorts can be considered with SL 985 on daily CB, for initial target of 920 and 885 respectively. Kindly do your analysis before initiating trade.

AK1808

Stock has made flag pattern on weekly chart and morning star formation in progress. Also retested its multi-year resistance levels of 100, which now acting as strong support. Longs can be considered at cmp with SL 98 on weekly CB for target of 130 (20%) in short to medium term and 150+ (around 40%) in long term. Kindly do your analysis before initiating trade.

AK1808 Updated 

Stock has formed flag pattern on weekly chart, with subdued volume action during its consolidation. Longs can be considered at cmp or close above upper trendline on daily CB, with SL 295 on weekly CB, for the targets of 363 and 405 in short to medium term and 460+ in long term. Kindly do your analysis before initiating trade.

AK1808

Key levels mentioned on chart. Kindly do your analysis before initiating trade.

AK1808 Updated 

Stock has given breakout from C&H pattern on weekly chart with good volumes and also made new ATH. Longs can be considered at cmp or any retracement till 200-205 levels, with SL 180 on weekly CB for target of 300+ (30% from cmp) in short to medium term. Company has NII's as majority stake holders along with FII's. Kindly do your analysis before initiating trade.

AK1808

Link below in description of my previous educational information on Horn bottom and Horn top pattern. In that chart, I was not able show the example for horn bottom, clearly. In this chart, you can find horn bottom pattern, where 'H" shape candle pattern is formed with a week difference. More information about how to trade the pattern, provided on chart. Kindly...

AK1808

Going ahead 17220 and 17320 are crucial levels...closing above on daily cb would decide the trend.. Kindly do your analysis before initiating trade.

AK1808

Horn tops are formed in an uptrend and are separated by a week on weekly chart. It appears to be in 'H' shape. Horn top pattern formation indicates bearish reversal. And there will be price spikes while formation, as seen in above chart. Later, once the pattern is confirmed, short positions can be initiated when the price closes below the low of horn top...

AK1808

Stock is forming descending wedge pattern on daily as well weekly chart. Longs can be considered with at cmp or dip till 1950 levels with SL as stock closing below the lower trend line on weekly CB, for the target of upper trendline, with more than 1:2RR in short to medium term. Kindly do your analysis before initiating trade.

AK1808

Stock seems to have given the confirmation of rounding bottom pattern. Keys points mentioned on chart. Please let me your thoughts ! Happy Investing !

AK1808

The above weekly chart is of Infosys Ltd. Here the stock price moves beautifully just in between the parallel channel, making higher highs and higher lows. If one successfully manages to find the chart as above, he can simply buy at the lower channel trendline and sell at the upper channel trendline. Yes, everything looks wow and amazing after the chart...

AK1808

Here I was just trying to decode the pattern of this indicator called Awesome Indicator. In the above chart, I have used Awesome Indicator to gauge the market’s direction in coming days, weeks. As of now, yes it shows negative sentiment going ahead. As we all know market is supreme, regardless our assumptions, calculations etc. Here, we can see two types of...

AK1808 Updated 

Stock after consolidating for almost 5 months between 1450 - 1600 levels, has given breakout today. Longs can be considered at CMP or any retrace till 1620 levels, with SL 1500 on weekly CB for the target of 1920 - 1950 levels, with more than 1:2 RR. Kindly do your analysis before initiating trade.

AK1808 Updated 

Stock has formed symmetrical triangle pattern on weekly chart. Results update mentioned on chart. One can consider long position with SL 1150 on weekly CB for the target of new ATH with more than 1:3 RR, over short - medium term. Kindly do your analysis before initiating trade.

AK1808 Updated 

Stock has given breakout above the sloping trendline on daily chart. Also, there is morning star formation on daily chart. One can consider long position with SL 635 on weekly CB for the target of 720 and 740 in short to medium term (more than 1:2 RR), 800 in long term (1:5 RR). Kindly do your analysis before initiating trade.

AK1808 Updated 

Stock after correcting by more than 10% from its high levels, has formed descending wedge and also kind of double bottom at 756 levels on daily chart. Also, the gap area of 760-800 (formed in October) has been filled. We can see subdued volume action during the retracement. Now, one can consider long position at cmp or wait for the breakout above upper...

AK1808

Keep in watchlist for any breakout above the neckline for long position. Once breakout happens above the neckline on daily CB, longs can be considered with SL 730 on weekly CB, for the target of 820 in short to medium term and 940+ (20%) in long term. Kindly do your analysis before initiating trade.