CannySunny

CannySunny

The guidance by the management has been positive and since the stock has corrected, it seems to be in an ideal spot for some quick gains. Descending parallel channel has been breached. On Daily timeframe it could be called the ABC pattern.

CannySunny

There are multiple patterns visible here and it seems a breakout is being prepared considering all the patterns. I see a large triangle formation breakout inside which a Wolfe Wave was already working and some of you know how much I love the Wolfe Wave. Further the price action has taken supports multiple time from the same trend line.

CannySunny Updated 

A potential round base formation is emerging, with a possible 22% upside on the cards.

CannySunny Updated 

There has been a long consolidation and then there was a spurt in volume. Some big hands have entered and since then accumulation has been in progress. The VCP formation during this accumulation suggests a breakout move is coming soon.

CannySunny Updated 

A bullish cup and handle pattern is unfolding, with a cup formation currently in progress. Notably, a double bottom and inverted head and shoulders pattern are also emerging, suggesting a potential upside of 15 - 25%.

CannySunny

After a long uptrend and in spite of the recent correction that we experienced this stock held its ground consolidated sideways holding on to its very strong support. Although the targets here seem to be quite high, the overall markets are a little uncertain. Hence, we take small steps forward and then start trailing the Stoploss as and when it...

CannySunny

After a long consolidation for over 3 years, the stock seems to be gaining fresh bullish momentum. Further the sector also is one which may probably do well amidst so much of economic chaos everywhere. Long uptrend followed by consolidation/accumulation is a good recipe for better success probability.

CannySunny

I see an ascending Flag Patten and a good breakout. I also expect a retest after may be another good weekly green candle. Stoploss here can be kept as per your risk appetite. Having said that I sort of trust this breakout. There are less chances for this to be a fake out.

CannySunny

A beautiful rounding bottom pattern. The chart is making Higher High and Higher Lows. When the macro-economic factors are negative, it is best to stick with proven patterns to increase the probability of a successful trade. Infra space in India is a no brainer. Stoploss is pretty close so that once the trade is triggered on daily closing basis the risk reward...

CannySunny

One way of looking at it is a uptrend followed by a sideways consolidation. This consolidation usually forms a continuation pattern by way of a cup and handle pattern, Inverted head and shoulder pattern and in this case as well, it has been forming a rising channel. The volume also suggests that there was a decent accumulation on the way up followed by some...

CannySunny

On the larger frame of things, the stock is navigating in between a triangle pattern. In the short term the trend is bullish and with a trailing SL at all times as per risk appetite one could aim to chase the targets as mentioned.

CannySunny

Khelo India Khelo. I like the contraction happening on the larger scheme of things. VCP + Inverted HnS appear to my eyes. The pattern is looking good prima facie and I am going with a gut feel here. Maintain an SL based on risk appetite.

CannySunny

Seems like an inverted Head and Shoulder Pattern being formed. The targets could possibly be much higher if the pattern stays true to it's nature. Given the scenario of the market, let's keep the targets low and then decide on the follow up price action later.

CannySunny

On the larger time frame what is visible is a VCP Close to the multiyear resistance, a breakout here would mark the beginning of a fresh new trend. The fundamentals look decent too. On the lower time frame a darvas box is being formed. Accumulation is taking place within the box. Time would decide when the breakout comes to light.

CannySunny

After a long consolidation , the stock raced up 27 % in 2 sessions showing its strength from a good support. An opportunity for a 40% trade awaits.

CannySunny

Good Structure. Looks very promising to the naked eye. Sort of an Inverted Head and Shoulder pattern.

CannySunny Updated 

There is tension on the support trendline. However, the price action seems to be weakening. If a breakdown is witnessed, I expect some correction here in the short term.

CannySunny Updated 

It's had a good rally and it's time for a breather. I guess it should atleast take out Target 1 and Target 2