NSE:FEDERALBNK is facing multiple Resistance on Weekly Chart.
Currently trading near its long Down Trend Resistance level.
Also stock is taking support on 50 EMA (Week).
Stock is poised at crucial point now.
If Federak Bank gives BO from its Trend line Resistance & sustains, then we can see a Fresh long term upmove in stock.
FIrst target of upmove will be ...
NSE:TVSMOTOR CMP: 564/-
set to breakout in Double Bottom formation with Ascending Triangle Pattern..
also it is giving 200EMA BO at the same time..
Which indicates Stock is ready for long term reversal..
One can Initiate LONG with SL near BO candle Low (545/-) or below 200 EMA at 550/- (shorter)..
Target of Triangle Pattern BO would be DEPTH of pattern..
After 1 month correction NSE:ACC has formed long legged Doji candle on 100 EMA..
A long-legged doji signals indecision about the future direction of the underlying security's price.
Long-legged dojis may also mark the start of a consolidation period..
The long-legged doji suggests that the forces of supply and demand are nearing equilibrium and that a trend...
ROUNDING BOTTOM BO seen in NSE:ALKEM
can initiate long trade with SL at BO candle.
Target would be depth of Rounding bottom..
Good risk reward ratio.
SL : 3880.. short term target 4100
ASHOK LEYLAND looks Good on Weekly chart. Trading above 20 & 50 EMA on Weekly Chart. Can be good pick for Long term Position for period 6-8 Months. Add more in Dip.. Target 160
ASHOK LEYLAND: one of the leading player in India CV industry with a 32% market share in the MHCV segment. Demand for the MHCV segment has started to recover over the past few months. The...
POLE & FLAG BO pattern seen on Day chart of NSE:BAJFINANCE ..
after sustainable BO stock will resume its strong upmove once again.
can initiate long trade with SL below BO candle..
Positional Target will be 1000 points minimum looking at pattern.
in Pole Flag BO Pattern Target is Pole Height.
SL below BO candle, Target Pole height (aprox 1000 points),...
Ascending Triangle Pattern with Double bottom formation on Daily Chart.
keep an eye on stock if it gives sustainble BO from pattern then fresh upmove can be seen.
one can initiate long position afte BO or retest with SL below BO candle.
if breaks down from trendling then again stock will correct for short term period.
stock had given BO from CUP & Handle pattern on weekly chart.
and recently Retested its support level.
after confirmation of reversal from support one can trade with Positive bias for long term/investment purpose.
keep SL below BO level.
very short term target: 1810-1820
medium term : 2000-2050
After Strong upmove stock is consolidating for some period.
which formed POLE & FLAG pattern on Daily Chart.
keep in watchlist, after BO upmove rally can be seen once again.
one can intiate Long with SL below BO candle after BO.
Postional Target of pattern is POLE HEIGHT.
After 1 yr of consolidation Stocks looks Strong on Weekly Chart.
Trading between 61.8% & 78.6% levels as per Fib Retracement.
once closes above 78.6% then will go for 100% and will try to creat ATH.
and above it strong upward rally can be seen once again.
Stock had given BO from Rounding Bottom Pattern on Weekly Chart.
and Retested support levels recently after BO.
Which indicates possible continuation of Uptrend.
One can go Long with SL below BO level around 430.
Posistional Target : 520, 550
Stock has given BO from small Inverse H&S pattern.
can initiate Long position if it retrace to BO level with SL below BO candle. that will be good Risk Reward Ratio.
target : 820-840
Weak on Chart. on Support. if breaks support then can take SHORT position below 2740 with SL above 2800
If breaks above trend line then chances of reversal. then can take LONG position above 2860 with SL below 2800
** EDUCATIONAL PURPOSE
Keep in Watchlist. Trading in Triangle Pattern.
Breakout of Pattern can lead stock to 175 short term and 220 Positional Target.
Breakdown of Pattern can lead it towards 125 again.
Wait for Confirm Breakout or Breakdown and go Long or Short accordingly.
SL will be below Breakout level or above Breakdown levels
Formed ROUNDING BOTTOM on Chart.. facing Resistance around 770-780.
Keep in your Watchlist and look for Breakout.
There will be 2 possibilities of Breakout which are shown in Chart.
after succesful Breakout one can initiate Long Position with SL below Support for 840-850 Positional..
KEEP IN WATCHLIST.
ASCENDING TRIANGLE ON CHARTS.
CAN INITIATE TRADE AFTER BREAKOUT WITH STOP LOSS BELOW BREAKOUT CANDLE
CURRENT TRIANGLE PATTERN SUGGESTS TARGET OF 150 AFTER BREAKOUT.
** EDUCATIONAL PURPOSE