📊 Understanding Breakouts and Patterns Breakout: A breakout occurs when the price of a stock moves beyond a key support or resistance level, indicating a potential shift in trend. Inverse Head and Shoulder: A reversal pattern where the price forms three troughs, with the middle trough (head) lower than the other two (shoulders). It signals a potential...
AJANTPHARM, a leading pharmaceutical company, has recently seen its stocks take a dip, positioning perfectly into the EMA 20 strategy that I'm about to unveil. Before we dive into our analysis, let's ensure we understand the strategy. 📚 The EMA 20 Strategy Explained Identify an Uptrend: Look for a Higher High-Higher Low structure. Ensure the EMA 8 lies...
Hello fellow traders! Today, we're diving into analysis of Jindal Steel, exploring some of the core concepts that every budding trader should know. 🌟 Understanding the Basics 📘 LTF: Lower Time Frame - This is a shorter time frame for analysing stocks. ITF: Intermediate Time Frame - This provides a comprehensive view of stock trends. HTF: Higher...
📈 Key Details 📈 Tata Communication is a prominent member of the Tata group, a leading business conglomerate in India with a major presence in telecommunications. The stock is currently trading at its all-time high levels, indicating strong bullish momentum. After a consolidation phase lasting over 40 days, the stock has broken out. 📈 Technical...
📈 EVERESTIND's Breakout Analysis 📉 Hello, fellow traders! Today, we're diving deep into EVERESTIND's breakout that occurred on 7th August 2023, shortly after the company announced impressive financial results. The stock has shown some intriguing patterns, and I'm here to break it all down for you, especially if you're new to the world of trading. Let's get...
MAHSEAMLES is a leading manufacturer of pipes and tubes Involved in power, electricity, and other industries. Currently trading at all-time high levels. Let's dive into the technical analysis of MAHSEAMLES to identify potential breakout patterns. 📊 TECHNICAL ANALYSIS MAHSEAMLES is forming a potential breakout pattern on both daily and 75-minute charts,...
📈 The stock market can be a thrilling but challenging place, especially for new traders. Recently, I had a conversation with a fellow trader who went through a rough patch and sought help to recover from his losses. Let's delve into his experience and extract essential lessons for aspiring traders to navigate the stock market wisely. 📜 The Trader's Story: On...
FinCables, the popular stock, is making waves in the market today! I'm here to provide you with an educational and informative technical analysis of this potential breakout opportunity. Key Details FinCables is trading at an all-time high, indicating strong bullish momentum in the stock. today, we witnessed a breakout of the previous high with an...
Hello traders! Today, we'll dive into an exciting technical analysis of Wipro, a prominent IT company and a part of the Nifty 50. I'll walk you through some essential concepts and terms while dissecting the current market situation. Please note that this analysis is for educational purposes only, and I am not a SEBI registered analyst. 📊 Key Details 📈 Wipro...
PRINCEPIPE recently experienced a breakout with significant volume last month. Now, if we examine the weekly chart, we can observe that the price is currently testing the breakout level, which previously acted as resistance. At present, the price is trading near a crucial support area. 📉 Bearish Candles and Volume Divergence: On the daily chart, we can spot six...
KPITTECH, has recently caught the attention of traders with its impressive momentum. stock experienced a breakout from the bullish trendline, marking a significant turning point. Currently, the stock is testing its breakout at trendline which was supply line before breakout, which has now transformed into a demand line. 📊 Key Analysis Points 📊 When...
On December 1, 2022, Nifty reached an all-time high of 18,887. However, since then, it has experienced a downtrend. On March 20, 2023, Nifty hit a low of 16,828, which is nearly an 11% drop from its peak within just 109 days. Fortunately, Nifty has recently started moving in an uptrend channel, and on June 28, it broke its previous all-time high. As of June 30,...
In this technical analysis article, we will examine the recent breakout of ARVSMART and discuss the possibility of a potential retest. It is important to note that this analysis is for educational purposes only and I am not a SEBI registered analyst. If you find this analysis helpful, please like it and leave your comments with any observations you may have. 🚀 ...
Sanofi has recently taken support from a monthly demand zone and broken a weekly demand zone on the daily timeframe with huge volume. The stock was in a downtrend from August 2021 until October 2022, which was phase 4 markdown. Since October 2022, it has been trading sideways, which can be considered accumulation phase 1. Today, the sideways breakout has...
CRAFTSMAN stock chart has formed a series of bullish patterns. Let's break it down: 📈 Inverse Head and Shoulders Pattern 📈 ➤ The inverse head and shoulders pattern formed from January 2023 to May 2023 at all-time high levels. ➤ Inverse Head and Shoulders is generally considered a bullish signal. 📈 Breakout and Retest 📈 ➤ On May 31st, 2023, a breakout occurred...
Trading in financial markets involves risks, and managing them effectively is essential for success. One crucial aspect of trading is mastering the risk-to-reward ratio. By understanding this concept, traders can enhance their profitability, minimize losses, and achieve consistency in their trading results. In this article, we will explore the significance of the...
🚧 Introduction 🚧 Titan, a stock that has been supported by a trendline since the COVID-19 period in March 2020, has exhibited a strong upward trend. However, it encountered a formidable resistance zone between October 2021 till May 2023, ranging from 2677 to 2791. This resistance acted as a significant supply zone for nearly 20 months. Finally, on May 29, 2023,...
The price moved back inside the downtrend channel despite the bulls' best efforts to break it, due to selling pressure. The price was then successfully pushed out of the channel by the bulls again, and it is currently trading close to a strong supply area. Bull movement could occur if supply zone is breached. BSOFT may move sideways or downward if this zone is...