This stock has tested this high thrice already before and as mentioned Chart is of WEEKLY timeframe. Since Jan 2018 this stock is testing this level and returning back but as concept of resistance tells us that once a level is being tested again and again it starts becoming weak combining it with its halt near breakout gives this stock a better scenario and...
A stock for those who wants to go with flow of desired sector. IT Stocks started their next run after a great consolidation. LTI made great price action pattern making higher lows and higher highs and finally broke out. Can be a great bet as industry is running too. Don't ignore volume too. It says a lot. Cheers folks Happy Trading.
After a Bull run stock started consolidating at higher levels and now ready to go for new highs. Today's closing (near high of the day) and volume indicating some big interest in the stock. Once stock moves past 315 it should be ready to reach 350 levels. Keep an eye folks ..... Disclaimer: i am not SEBI registered. Please trade with your own risk.
A retracement from its resistance till the 1st level I.e: 23.6% and then taking a support at 200 ema along with rejection and consolidation can make a good bet for short term buying. All the volumes indicating that the positions are already created and now lets rock and rolllllll. Potential buy above 2930 with sl of 200 ema for target of 3000 and 3100. Keep and...
After a consolidation this stock broke the box at down side. Sellers can look for target of 5600 and buyers can look for opportunity of buying near 5600. Volume indicating a downfall/offloading . Keep an eye folks. This is just my view not any recommendation. Trade with your own risk and be cautious.
Multiple Tests of a resistance level makes that resistance Weak . It came back to this resistance 5th time and the beautiful thing is that now price is sticking to its resistance. If you look properly price was never sticking to resistance but now it is. A potential accumulation is going on and once its closes above 230 with some better volume party should...
A rounding pattern followed by a consolidation near resistance zone above 200 ema and then all the volumes generating suddenly suggests some heavy interest. Keep an eye Folks might be a flyer.
2 rounding bottoms combining with double bottom pattern and then consolidation near resistance level & 200 ema seems good. Today's volume and closing gives a better sign tooo. Keep an eye folks. Happy Trading.
This chart reflects various aspects of technical analysis. Let's understand them 1. Price action perfectly shaping up for a move (Pink line reflecting behavior of price). 2. Price taking support at previous breakout levels(Resistance acting as support for the stock). 3. Price making a flag pattern too. (Draw a trendline below the already drawn one.) A trend...
With all the geopolitical issues and hypes of big correction starting this stock has kept itself still at higher levels. Looks like working in a parallel channel and now halting near the longer term trendline & consolidation (most important aspect) near it makes it very interesting for me. A close above 1150 will make it more interesting and should push stock for...
Dont Blink because slowly and steadily indigo making another rounding pattern . Rounding pattern now created is taking support of 200 ema as well.. All the charts are only for educational purposes.Trade with your own risk.
Consolidation near resistance started. Rounding Bottoms getting smaller and smaller which reflects selling pressure is slowing down along with swings lows getting smaller which is also forming an ascending triangle. Dual Confirmation may lead to a better Breakout. Fingers Crossed Folks. Keeps an eye and fasten your seatbelts for a flyer. Happy Trading......
Once again cup and handle pattern with volumes near breakout. Keep an eye folks. Cheers have fun
Indigo making a rounding pattern and halting at a predefined level makes it very interesting. It might make a small round again and once it breaks out it should fly like it actually does :)
As BNF is gaining momentum day by day we still await a wild move from banking sector stocks. Stock is all set to go for a ride. Cheers Folks Keep an eye. Levels:- Entry Price-570 Stop Loss-490 Target 1- 660 Target 2- 750. All these levels are only for educational purposes. Trade with your own risk. Good Luck
A rise and consolidation in reliance is all set to break a small trendline. Today's rejection from bottom reflects some buying and if we combine closing near high with volume looks like some interest from big boys. Levels:- Entry-2160 Stop Loss-2040 Target 1- 2250 Target 2-2375 All these levels are only for educational purposes. Trade with your own risk. Keep...
One Of the most Reliable Patterns. Ascending Triangle pattern Every Time Sellers trying to push down buyers are stepping in. Now Kotak is sticking to its higher level. Once it breaks can give a good move.
A cup and handle pattern which is reflecting a potential upside movement and honestly a good move is what we can expect. Posting all these before Breakout so we all can keep an eye... Good Luck....:)