Good buying opportunity .
Formed W pattern .
taken support from trendline .
and now about to broke the w neck level .
we can make entry for 12% .
just my opinion not any buying recommandation .
lets see the chart of index now .
among all the indices only nifty IT is bullish it has come out of channal patter .
also if we see there is flag and pole pattern formation .
we can expect a long rally of IT stocks .
like previous pole of 28% again rally of 28% can come .
We can clearly see long channal pattern .
Chart is very clear adn self explanatory .
entry can be made now .
we can expect that chanal to continue again .
happy trading .
please do your own reseach before takigany trade .
simple chart pattern .
though doesn't look that bullish but you know people always wait to enter in stocks ike mindtree .
so it is a good time to enter if someone was planning to enter in this stock for long time .
This is purey my analysis do your own research before taking any trade .
If we see in weekly timeframe TCS after coming out from trianglre pattern gave a rally and has again comeback to the that level and has taken a support .
in weekly and daiy timeframe both there is W pattern formation and price has taken support from neck line .
Long position can be made looking at such signal .
This is just my analysis do your own analysis...
In higher timeframes it is in the channal , but in Daily timeframe it is giving good breakout.
Also the level from where it has reversed was a good horizontal support level at Daily timeframe.
We can expect. Move of 10 percent
long opportunity in Grasim .
after breakout in weekly timeframe it conslidated for months , now it is at the retest levels and can go up from this point .
not any recommendation
just for educational purpose
we can go long in NTPC due to following reasons --
Came out of pattern in weekly and daily timeframe .
retest done at both weekly and daily timeframe .
In daiy timeframe about to give breakout of a trendline .
we can go long at that point
Also at daily timeframe took a support at 100EMA .
All the ideas are just for learning purpose. I'm not any call provider...
ONGC swing trading opportunity
we can go long due to following reasons .
monthy breakout done
weekly breakout done
retest done at weekly level
coming out of daily timeframe and about to give breakout
we can go long with small SL and bigger targets .
Multi time frame analysis
stock - TV18BRDCST
Monthly TF - traingle pattern ( with stright support line , and descending resistance line )
weekly TF - same as Monthly TF
daily TF - ascending channal pattern
breakouts - already happend in Monthly tf and weekly tf .
- the new channal in daily tf is about to give breakout .
Bhel after doing a good rally has come back to test its level and retested its level .
Proper chanel pettern breakout and retest.
Proper support taken in daily timeframe .
we can expect upside move .
It can turn out to be a good swing trade .
It is for educational purpose I'm not any expert .
Tata motors has made cup and handle pattern in weekly time frame and it is about to give breakout . Good opportunity for swing trade .
Keep an eye on this .
Also in daily time frame it has broken a level . in daily tf also traingle pattern has been formed .
If good volumn comes in next coming days . Good return is on the way .
just it is my opinion consult your...
In march I was able to capture its move , similar pattern it is making now .
In the coming days it is going to give brakout and it will fly again .
With stocks like adani power it is good to take risk as it surges really fast .
I will enter even before brakout you can also think like this.