MACD9

MACD9 Updated  Feb 20, 2024

A convincing breakout above the resistance of 6000. A Cup & Handle breakout ? Stoploss at the breakout level……6000 Target as drawn 6350… Discl:- Invested. Please do your due diligence.

MACD9 Jan 30, 2024

An example of a failed breakout. A BO was expected by me, but today’s price action said it all…..# Learning !

MACD9 Jan 28, 2024

A breakout above on all Moving Averages AND good volumes in the last 3 trading days, supporting the rise, gives me a Bullish outlook. In 15 min TF, formation of an Ascending Triangle, with highest volume in the last candle also adds to my confidence. Targets - 1648 / 1663

MACD9 Jan 4, 2024

TATA MOTORS - 2 Weekly INVERTED H&S Target coming to 1100 !! Let’s see how this works out!!

MACD9 Jan 4, 2024

ONGC (2 Weekly timeframe chosen for ease of depiction) Self explanatory Inverted H&S chart with expected targets. Comments are welcome. Please do your due diligence before investing. school.stockcharts.com

MACD9 Jan 4, 2024

ONGC Poised for a breakout out of Inverted H&S ? Excellent Volume boost after bottoming out at the Inverted Head. Supporting volumes of a comparable scale are not found corresponding to the Right Shoulder. Hoping for a breakout above the neckline with above average volumes….Tracking!! school.stockcharts.com

MACD9 Updated  Jan 1, 2024

A momentum trade based on Price & Volume action. Supported by Fibonacci retracement (38.2% level breached with volumes) Possible targets as indicated by the Fibonacci levels. Disc:- I’m not SEBI registered. Post is only for educational purposes.

MACD9 Dec 30, 2023

Basis of the Trade :- Ascending Triangle Breakout , Price- Volume action. 930 was a resistance level, that was breached convincingly with Highest Weekly volume in the last 2 years. Go long around CMP. SL :- 930 Target :- T1 - 1065 T2 - 1120

MACD9 Updated  Dec 30, 2023

A good C & H is formed with sufficient consolidation of price followed by a classic Price-Volume action. The price target should be equal to the depth of the cup; above the lip of the cup.

MACD9 Updated  Dec 30, 2023

Reversal of downtrend with Highest volume in the last 10 years.

MACD9 Updated  Dec 30, 2023

Cup and Handle Breakout with above average volumes at breakout. Target price as marked on the chart.

MACD9 Updated  Dec 30, 2023

A Cup followed by a breakout with decent volumes is seen……. Strong resemblance to C&H pattern is seen…..will it reach the highlighted target ?

MACD9 Dec 26, 2023

Ascending Triangle Breakout (levels are approximated) Breakout level :- 620 Entry :- Above 650 on Daily Closing. SL :- Low of the breakout candle (610) Target :- 620+120= 740

MACD9 Dec 26, 2023

Ascending Triangle breakout followed by consolidation in progress. Breakout candle on 15 December ‘23 was achieved with significant volumes. Entry :- On closing above the high of this candle(above 1588)on Daily chart. Target :- Height of the candle above the breakout level (1520 + 160 = 1680). All numbers are approximate.

MACD9 Dec 26, 2023

An Ascending Triangle in formation. Multiple attempts to break above @1715 were unsuccessful. With broader market in a bullish mode and interest shown in large cap stocks, I expect a breakout for an initial target of 2200. The vertical distance from the ascending line to the breakout level is added to the breakout level for a target of 2200.

MACD9 Dec 7, 2023

Price moved well beyond the C&H target, indicating the success of the Continuation pattern. NSE:WELCORP