Stock has made bullish flag breakout pattern on daily chart, after consolidation. One can consider long position with SL 7670 on daily CB, with target open :)
The above chart is of BEPL (Bhansali Engineering Polymer Ltd), on weekly chart. The stock made a high of around 218 on Jan 2018, then corrected by almost 30% and again made a new high of 225 in April 2018, where it could not sustain and hold the previous high if 218 on weekly closing basis. After forming a kind of triple top at around 215-225 levels in April...
Stock after gaining whopping 170% in just 2 months (May - July) has consolidated and is on verge of breakout from flag pattern on weekly chart in coming days, weeks. One can consider long position with SL 75 on weekly CB or wait for the price to close above the upper trend-line and ride the trend. Targets mentioned on chart, as those levels acted as resistance in...
The above chart is self-explanatory of Fibonacci levels and its importance, whether as resistance or support. The crucial fibo levels used considered as important for either extension or retracement are 0.382, 0.618 and 1.618. The above chart is of Nifty extension levels. We could see how each levels acted as resistance and later the same became support. In above...
Stock is forming a descending triangle pattern on weekly chart. Descending triangle pattern is considered as bearish pattern. Once breaking the support, short positions can be initiated. In this case stock has made support at around 735/740 levels. So, one can keep this stock on watch-list and trade can be initiated, once breakdown/breakout happens. If the stock...
Stock after forming inverted H&S pattern on weekly chart, has given breakout with huge volumes. And also now stock is 12% away for its all time high of 534. Now, one can consider long position with SL of 460 on weekly CB, for target as new high (534 and above), with more than 1:2 RR.
Stock, after making new high at around 380 levels, has consolidated and corrected by 20% and holding strong support of around 300-305 levels. It has formed bullish engulfing candle on daily chart. Now, one can consider long position with SL 305 on either daily or weekly CB for the target of 360 and above 380 (new high), with more than 1:2 RR. Kindly make your...
Stock after correcting nearly 40% from its high, has formed descending triangle pattern on weekly chart and flag pattern on monthly chart, making 550 as strong support. Now, one can keep this stock in watch-list and trade accordingly after any breakout above the diagonal trendline.
Stock after correction, seems back in action...it has formed morning star on weekly chart and also bullish continuation after forming a doji last week. Now, long can be initiated with SL 710 on weekly CB for target of 790 and above with 1:2 RR.
Stock has formed bullish flag pattern on hourly chart...any breakout above the upper trend line, may make new high in coming days...watch out for either breakout/breakdown...hoping for breakout
Stock after forming rounding bottom at around 90-100 levels, has now also broken the resistance of 395-400 levels. Now any retracement towards 400-395 levels, would a good buying opportunity and new high can be achieved in coming months. Also, it can considered for long term bet, as portfolio stock, as it has more institutional investors participation, with...
Stock has formed morning star pattern on daily chart, after some consolidation. Longs can be considered with SL 1012 on daily CB for target of 1065 and above with 1:4 RR.
Stock has formed bullish butterfly on weekly chart and also has started its uptrend move. Also it is facing multi-year resistance at around 282-285 levels. Any closing above those levels on weekly closing basis, may get the stock to new ATH in coming months. So, now it can be kept in watch-list and any break of above said level, would by a good buying opportunity.
Stock has formed morning star pattern on weekly chart and also has 3 white soldiers, which is bullish pattern. Now one can consider long with SL 403 on weekly CB with initial target of 470 and above, with more than 1:3 RR
Stock has formed Symmetrical triangle pattern on weekly chart. One can keep in watch-list and trade accordingly after any breakout/breakdown. Hoping for breakout.
After making a bear flag pattern and giving a breakdown last week, it has re-tested the support levels at around 915-910 levels and holding the same. Also has made a double bottom pattern on daily chart. Now, one can consider long position with SL 910 on daily CB, for target of 990 and above, with 1:3 RR.
Stock has formed inverted H&S pattern on daily chart and is currently trading above the trend-line. Long positions can be considered with SL 276 on daily CB with target of 305/310, with 1:4 RR in coming weeks.
Stock has formed bear flag pattern on daily chart and has given breakdown. Now one can consider short position, with SL 987 on daily CB for potential target of 920/910...