Volatility contraction pattern breakout in POWER INDIA is an excellent long setup.
Nifty has formed a double top and broken out of rising channel.
JSL has given a breakout after a cup and handle formation. Excellent risk to reward trade opportunity.
ETH has given a breakout out of consolidation and likely to enter a new uptrend with first target of 1950 expected soon.
DMART is coming out of a double bottom breakout and likely to provide an excellent risk to reward opportunity for the next few weeks.
Gujarat Fluorochem is attempting to resume the uptrend moving out of reverse H&S pattern as the wider market continues to edge higher.
Grindwell Norton to breakout of the double bottom consolidation.
Accuracy Shipping uptrend has exhausted and ended up in a range with a downward bias. Time to be cautious with the long positions.
The downtrend seems to be taking a halt but as a trader it better to have a continuation bias. I see a downward channel playing out resulting in a double bottom type range. This can become a double top continuation pattern and the price continue to go down further. Moving averages or Lower High-Lower Low structures on lower time frame would confirm the entry.
Galaxy Surfactants is making an attempt at double bottom breakout. Post this the a 4000 target could be expected.
VISHNU expected to enter a new uptrend with the breakout from the VCP pattern.
Paytm has been consolidating in a range for the last four months. The sentiment is still bearish as the price continues to trend higher in a channel forming an interesting classical cup handle price pattern. A failed breakout failing is an excellent opportunity to enter. Target 800 Stop 698 Enter 715
Price is forming Head and Shoulders top structure after breakout out from a rising channel. Once the pattern is completed a sharp and decisive down move is expected to follow.
Dear traders, possible range breakout in SOLAR INDUSTRIES provides an excellent risk-reward opportunity.
GHCL has a formed a double top price structure after breaking out from the rising channel. The price could pullback to a previous horizontal support level
expecting a range breakout. will keep updating the in the post comments as the setup develops.
Buying into the breakout - adding on the pullbacks.
Reliance industries aiming to hit the range top again Target 2800-2850