Low Risk Play. I've been keeping an eye here and today's candle suggests that it refuses to fall below that very strong support. The targets can be even more.
Self Explanatory. Riding the Inverted Head and Shoulder pattern.
Simple Price Action - Trend line breakout
All figures on closing basis.
Self Explanatory. Riding the channel. Inverted Head and Shoulder pattern also spotted.
The index is forming an Inverted Head and Shoulder Pattern. Just broke out of the Downward Channel resistance this week. In about 2-3 years the index should reach its target of 4340 but before that happens its intermediate targets will be met. Between 2660 and 3360 there could be some consolidation going forward. Immediate short term - MACD crossover should...
On the verge of breaking out of the Parallel Channel. Keep a stop loss based on risk appetite.
Price action Analysis. Breakout from ascending triangle as well as RSI.
Self Explanatory. Pure price action analysis coupled with RSI breakout.
This stock was brought to my notice yesterday by a well wisher. I liked the chart and would have posted it yesterday based on the daily RSI breakout but I preferred to wait for a weekly trend line & resistance breakout for more assurance for which a close above 1905 is necessary.
Just exploring a Weekly Call Strategy for Max 5-7 trading sessions with returns of 5-15% If the strike rate is good, only then I shall continue this space as I'm learning too and constantly trying to evolve. Participate only if convinced, else ignore this analysis.
Seen a shakeout - Awaiting a Flag breakout.
Inverted Head and Shoulder Pattern - Breakout on closing basis only.
Riding the Parallel Channel , it is close to the bottom of the channel where a reversal is expected. Support of 50 MA just under it. Expected : MACD crossover and RSI breakout and Price breakout. Apart from this Crude oil chart is expected to give a massive breakout.