Beml is trying break its resistance which it has tested multiple times.
Various pattern is attached for the reference.
Cup and handle Pattern:-
Inverse Head and Shoulder Pattern:-
One other pattern which is rounding bottom pattern:-
Cummins Ind has been consolidating at the higher range for a while. Last time it broke out from resistance it gave a good move and it is doing same thing for now.
Weekly chart for the reference:-
Keep an eye folks .Fingers crossed.
This stock is making a trend continuation pattern in weekly timeframe. A triangle pattern is always a good sign for a investor/trader.
Weekly chart for the reference:-
Some of its peers are also showing some good signs as well.
For Example Hpcl is trying to break a longer term trendline and is trying to break a previous...
Varun beverages has been testing its breakout levels and and interestingly it has been consolidating near retest.
Price has stopped making lower lows and now volume is pushing prices up again and again.
A price action for the reference:-
We can call it a triple R concept as well but not until it breaks out the red line...
Same old concept but worth looking at.
Resistance tested multiple times.
Stock creating higher lows.
Ascending triangle pattern.
Don't forget to checkout weekly chart as well. Most interesting part is volumes being generated in all these weeks.
Don't know who is generating all these volumes :P
Take entry only and only it...
Pel is one of those stocks who has not participated in the entire rally. And it was in a down trend for very very long time.
After long long time it is trying to break previous swing high and is creating a W kind of pattern on weekly chart.
Just look at those volumes which was being generated since quite some time.
Resistance of 2100 has been tested thrice already.
Price making higher highs
Stock trading above 200 ema
Volumes increasing slowly near breakout.
Created a box/consolidated near resistance.
A break above 2100 can take this stock wings.
Fingers crossed. Keep an eye folks.
Support turning resistance is the first point of this chart.
Tried connecting a small Trendline which actually look like a small triangle on chart.
Some thing that is interesting is that price already tried to go down below 200 EMA but buyers pushed it back up.
Now volumes are increasing slowly.
I have marked 2 targets:-
Green one is smaller target and will...
Last time i posted this chart it did wonders.
Hoping for the same again :P
Keeping things simple it has already touched its resistance 4 times earlier.
It is making higher lows as well.(Chart attached with price action marked)
It has been consolidating at higher levels means near it's breakout levels with decent volume...
Some stocks follow some pattern magically well.
I tried showing something which gets ignored very often.
I marked 3 triangles and their differences and even marked the exact same difference after it broke out.
Isn't it is fascinating that is exactly goes for the difference of the triangle.
2 successful triangle breakout has give us great return. Hoping for 3rd...
Hello Folks First of all Sorry for not posting anything.
Now I am back and I will be back with a bang.
Let's begin then.
I have shared this chart when it was trying to break out from a W Pattern.
Not what has happened is it broke and it came perfectly back to its breakout level.
A perfect example of resistance turning into support
More interestingly downward...
I tried my best to plot things clearly on chart. Still let me try to explain as much I could:-
Level marked with red zone was a support when price was and once price broke down it started acting as resistance.
Price has already touched this resistance quite a few times in a span of around 11 months.
Finally price is not going down and sticking to the resistance...
Levels of 520 has been tested 4-5 times already which makes the resistance weak.
A consolidation near the highs give a little more confidence that this stock can go higher as price is sticking to the higher levels.
We will keep targets small for the beginning (Marked the smallest target with green line.)
Keep an eye folks .
Cheers and Happy Trading.
Wish you all...
First of all Sorry for not plotting fancy and colorful things. I am posting this chart in a hurry.
I won't be posting any chart for next 10 days. We will start again soon....
Few things that are important in chart that this consolidation is pretty long and might take this stock at higher levels once it breks.
After a long consolidation cipla is giving out a breakout from a box pattern where it has already tested its resistance 4-5 times and finally a breakout above the resistance might push this stock to much higher levels.
Target should be the difference of the box. (Marked with green).
Keep an eye folks. Cheers and Happy Trading.
One of my favorite stocks. Do not know why but always find this one interesting and this stock has never left me empty handed either in intraday or in swing.
Lets look at some views now.
Weekly Chart Pattern View:-
An ascending triangle in the formation and stock has been making higher lows beautifully riding on a...
This stock has been in a downtrend since it was listed. Do not know the reason why but now it is reversing with multiple indications.
1st view of breaking trendline:-
Multiple rejections from the trendline and finally broke the downtrend after a long long time.
2nd View of a chart pattern:-
Colpal is testing the higher levels again and again and it is kind of simple breakout with no complications in it.
From the bottom is has been making higher lows and probably continue to do so.
Only thing that we have to lookout is how does it break the resistance. It needs to halt for a while before going out for next move. If it does not halt and keep going up...