Pure price action analysis. With the low risk setup that I see here , I don't think I would need a stop loss. 1,2,3 Pattern on display is the beginning of every great move and when it falls within a pattern of a triangle breakout and retest as well as an inverted Head and Shoulder pattern + a reversal at RSI bottom what else do I need. Holding with Patience....
Falling Wedge Breakout. The orange line in this chart seems to be a very significant line providing early directions of rallies. Instead of me explaining, a few minutes of observation could give you a better understanding.
Very simple basic tried and tested strategy. 25-26% here is almost a certainty.
The overall setup is of a Pennant/Flag. A double bottom already made and MACD looking for a crossover signifies some momentum in the days ahead. Markets are volatile. Keep a strict Trailing Stop loss.
Riding the breakout from the Darvas Box. Hopefully it closes above 735 for a valid breakout,
I believe the base has been formed and this week it should take off upwards. * Enter only above the close of 42
An Inverted Head and Shoulder pattern is in the making. Looking to ride the pattern.
Awaiting the breakout from this Triangle.
I like this setup. It might take some time to get there but the setup is what I focus on and not the time. When markets seem overbought , time to look for good stocks with good pattern.
The stock is moving within a large Parallel Channel almost ready to break above. Currently a flag formation and inside that a double bottom as well as an Inv Head and Shoulder has been spotted making it even more potent for a breakout. The volumes show a good accumulation and the MACD would turn positive from very healthy levels with price on the way up giving...
Awaiting a breakout from the Flag Pattern which is most likely with a Bullish Hidden Divergence. On the larger picture is my favourite Inverted Head and Shoulder pattern. RSI at attractive levels.
My favourite Inverted Head and Shoulder Pattern is complete in this stock that I've been tracking for quite long. DIIs have increased heir holding from 0.37% in March Qtr to 0.67% in June Qtr. Promoters have been increasing their holding every Qtr since at least Sept 2018 The irony is the public holding has been reducing since June 2019 Qtr. They have been...
The pattern has been repeating itself and has been systematically rising within the Parallel Channel. Expecting a good move as in the past above 1625 (neckline)
Triangle Pattern. I expect a good move here. Hopefully it breaks on the upside.
Awaiting a breakout to ride it.
I believe it will race to its All Time High because the rounding bottom pattern looks quite clean. Very less Overhead supply.
I see a nice large cup developing and to provide the throttle here are Inverted Head and Shoulder Patterns. Weekly Chart - 3months to 1 year time frame.