Above 878 , it's a road without speed breakers. VCP formation. Call it Cup & Handle Divergence Spotted.
Broke the all time highs. Facing a couple of resistances from the wedge and Trendline. Above 415, it's a free bird to fly.
Parallel Channel Travel 2 Divergences spotted. Price is at decisive point - Will it rise back inside the Channel? - Will it fall below the Channel? Ans: Most probably , it will rise back inside the Channel to touch the top. Lets see ! ***** Help Me to Help Us. Always keep a stop loss to rescue you out of troubles. I believe in keeping the chart simple with...
Traingle Breakout & Channel (maroon) Breakout however part of the bigger channel (orange) Self Explanatory after the breakout as indicated. Let's just watch which arrow path does it take for flying? Stop loss based on your risk appetite, but should be mandatory.
2 strong weekly and monthly resistances here, are what make the breakout levels and targets. Keep an eye for a strong breakout this week. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we...
Self Explanatory. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me...
Fundamentally good stock. Has the potential to reach the targets sooner than later. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and...
Hopeful Breakout on 8th attempt. Divergence Spotted There are chances of price falling back in the Wedge. ***** Help Me to Help Us. Always keep a stop loss to rescue you out of troubles. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please...
Finally after a 5month consolidation, a strong Breakout indicates good times ahead in the stock. We need to cautiously observe this movement.
I'm merely testing a strategy here based on supply and demand. Fundamentally stock looks good but very erratic. Waiting for a breakout from an Ascending triangle. If it goes well, it would be wonderful. If it fails, it would be an experience. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep...
An Inverted Head and Shoulder pattern on the weekly chart. Breakout on Daily Chart. A trend line which would most probably determine all the above targets. Also, a candle stick pattern very similar to the Morning Star has been formed at the right shoulder. Only time will tell if this analysis was time well-spent. ***** Help Me to Help Us. I believe in keeping...
DIXON has run up from 2990 to 6666 i.e. 123% in merely 4 months. So there is no denial in the power this stock has to run further. Targets and time frame cannot be predetermined so the best thing to do in such a situation is buy in SIP and always ride the stock with a trailing Stop Loss. I see a buying opportunity between 6150 and 6300. However if the price...
A good safe stock which is fundamentally sound & catering to products whose demand would increase with the end of lockdowns and resumption of activities. After the breakout, a small pullback is always expected which is when the stock should be accumulated. A safe 15% available for conventional investors with patience. Technicalities are self explanatory in the chart.
6 unsuccessful attempts made to breach 39.5 Lets see if it is successful at it's 7th attempt. Buy only after it closes above 40 because RSI is in the overbought range.
The formation here is an inverted Head and Shoulder. Consolidation near the shoulders on both ends. The chart is self explanatory.
CMP- 42.5 Ascending Triangle formation Above the resistance of 43.5 can touch 46.5 RSI is favorable at 58 Today it gave a breakout of 43.5 with volume but even if it doesn't close above 43.5 today , it may do so in days to come. Keep a close watch.
Looks good in the short term for 49.65. (roughly 14% p.a.) The RSI in this case looks promising for the up move. However be cautious and keep a stop loss at 42.85.