Breakout + Retest Done + Rising Wedge Breakout
It should do well in the mid term.
Awaiting the breakout. Ride the trend !
I see an Inverted Head and Shoulder Pattern here and will hold for the targets. Don't ask the time frame.
Levels strictly on closing basis.
A good initial base formed by way of Inv Head and Shoulder. MACD crossover. Low risk high reward. Long term Bet !
Overall Nifty is in a Rising Wedge. The way it is shaping up after a cup breakout and now 3 VCP in an ascending triangle, it seems the short term correction will be over soon, unless something drastic happens and the ascending triangle is breached on the downside. MACD also looks bullish for now.
Above the breakout of the pattern I expect a return of 27% within 3 months unless the pattern weakens due to Nifty correction or any other global factor. .
Short term Ascending triangle breakout and retest done (divergence confirmation) of the Inverted Head and Shoulder pattern. Short term target is the breakout level of the Cup and Handle. Above breakout level we would see higher targets in the long run.
Very low Overhead supply. It could just zoom off. Inverted Head and Shoulder Pattern. Be vigilant with the stop loss.
I am looking to take a risk here, to ride the Breakout. However, keep a very strict stop loss as per your risk appetite if markets turn weak.
With the setup , I believe it can touch the previous highs. MACD is on the verge of a crossover and the support has been taken from 50 MA. It is also travelling in a Channel.
I believe since the RSI broke out , the price will follow the same. It has been a good consolidation. I suspect the breakout here will be explosive but in these volatile markets lets see if it does. Be cautious of a breakdown by chance. Keep a strict stop loss as per your risk appetite.
Nothing to explain here. Self Explanatory. A continuation pattern called Cup and Handle.
A pattern which I like . Breakout and Retest done. It is a weekly chart and my targets are open till the trend bends. Long term Hold.
Expecting a small pull back and some further correction.