1. We got confirmation of price reversal with Inverted H & S 2. Risk to reward is not favorable as yet, so will have to wait for price to retrace minimum to neckline to find a good RR trade 3. Major trend is bullish 4. Breakout is strong
1. Nifty is consolidating this whole week 2. All days were within the first day candle 3. Either side breakout can lead to a good momentum
Reasons: 1. downtrend channel breakout and first pull back 2. Risk to reward is extraordinary 3. Major trend is bullish
1.Chart is in uptrend 2. Fresh breakout after 4 months 3. No immediate resistance on the chart
Reasons: 1. Trading at support in weekly time frame 2. Inverted H & S in daily TF Chart seems to get rejection from top as wicks formation is common in this chart, we can consider for a good closing to consider the entire structure for long
Reaons: 1. Inverted H & S 2. Downtrend Channel breakout 3. Uptrend confirmation 4. Decent consolidation before breakout
Reasons: 1. Price trading at support 2. Double bottom formation 3. Low is protected 4. TrendLine Breakout
Reasons: 1. ATH 2. Fresh Breakout in smaller Timeframe 3. Risk to Reward can be attractive
Reasons: 1. Price trading at support 2. False breakdown of support and recovered back to above support 3. 1.5 years of consolidation
Reasons: 1. Channel Break out & retest at the channel 2. Price Trading at support 3. Risk to Reward is favorable 4. In line with market
New ATH breakout with closing on daily and weekly basis, risk to reward is 1:5 from current levels and if there is a pullback RR can be 1:10+
Reasons: Cup & Handle RR is very lucrative early entry has its own advantage and after breakout will give you confirmed entry but risk to reward will be less
Trend line Breakout - Entry at current level does not give good RR - Keep in radar for a pull back to get improved RR
Reasons: 1.Falling wedge 2.Breakout with volume 3. Double bottom formation