Maverick_777

Maverick_777

Clear TL BO and Box representation. Good volume spike in 30min candle since its only the one completed yet. Also it did break the double top formation in 4hr TF

Maverick_777

Notice the massive weekly bullish volumes stating huge accumulation. This scrip could potentially be for long term since its a bigger TF and a very large multi-year spanning pattern.

Maverick_777

The scrip is trying to break its 3yr plus resistance. Just look at the level of accumulation going on in there. The last time it tried super hard was in the week starting of 24th August but later on 31st August, sensex crashed hard, so chance gone. Then it tried again and the next day was 21st December, yet another biggest crash in post-covid scenario, chance gone...

Maverick_777

Excellent breakout with good bullish full body candle and massive volumes which are highest since Aug 20.

Maverick_777

See the volumes. how bullish days volumes have been greater than bearish days. This says its building up something in behind from long. Also, making consistently higher lows that's again a bullish sign.

Maverick_777

With textile industry booming, here is another. In daily TF, it did a wedge breakout with massive volumes surpassing the so far high after covid. Targets are mentioned. Also, see this was its GAP resistance in the long term!

Maverick_777

My past idea of TN Petro was fantastic, hoping this will be too. See, its breaking July 17 resistance with heavy volumes in daily TF. Also, you will cup and handle breakout. Multiple confluence, that's it.

Maverick_777

Targets are mentioned

Maverick_777

.

Maverick_777

.

Maverick_777

.

Maverick_777

Visit 5 min TF and see how it was rising in the late minutes that too with volume assistance.

Maverick_777

.

Maverick_777

Though it did on yesterday but forgot to post. Anyways you can maintain position size as per now.

Maverick_777

Zoom the chart for better clarity. The resistance is so long that its cluttering a bit. In daily TF, it did a symmetric triangle breakout with good volumes.

Maverick_777

Down channel formation after gap down, preparing to erupt. Very close to upper TL. Bullish candles formed closing at day's high and prices kept on increasing till the last minute of today's session. Also, notice how the candle breached the dotted line stating intraday's resistance.

Maverick_777

Targets mentioned. Third target is 49.6 (forgot to draw)

Maverick_777

Clear 3.5Yr resistance breakout with second heaviest weekly volume in 3.5 yrs. Excellent candles. Couldn't be much simpler!