PrasannaVasu

PrasannaVasu

Stock has been Moving in the Parallel Channel in the last 8 Months. 4 attempts to break above but failed. Currently CMP @ previous resistance. If price closes above 251, then there are fair chances of Breakout with a target of 350 in next 3 - 4 months (50% of parallel channel duration)

PrasannaVasu

Trade setup explained on charts

PrasannaVasu

Trade Setup on the charts

PrasannaVasu

Price pattern similar to Inverted H & S. Stock is trending up recently. Pattern traders must keep this stock in watch list for short term target ~ 67.

PrasannaVasu

Breakout with Good Volumes

PrasannaVasu Updated 

Stock is in uptrend in Monthly& Weekly Charts. Daily charts indicating a consolidation forming Symmetric Triangle pattern. Today price action indicating bullish breakout of pattern with big volume. Ideal candidate for short term gains. Levels mentioned on the chart

PrasannaVasu Updated 

Rational : Bearish Engulfing candle in Daily Charts. Price retraced to 50% of candle. RSI negative divergence. Thereby offering an aggressive Swing short trade setup with 2:1 initial RR.

PrasannaVasu

Trade Plan: Scrip is bullish in all Higher Time Frames. Formed a Flag pattern. Trade : Enter - CMP. SL : below 908 on daily closing basis. Target : 1100 (CMP + Flag Heig

PrasannaVasu

Rational : 1. Explosive move (Flag Pole) 2. Consolidation (Flag) 3. Breaking out on upper side with big volume, indicating interest in the stock. Today price action indicated trade setup may work because price rebounded from trend line. Trade setup: Entry : CMP. SL : 27.5 (Swing low) Target 1: 36 (Origin of fall). This trade offering 2:1 RR if it works as planned

PrasannaVasu Updated 

Dr. Reddy's is trending up in Higher Time Frames. After recent explosive move, stock is consolidating. Thereby forming a Flag formation in Daily Charts. CMP is coinciding with .618 Fib Retracement. Trade Set Up. Enter @ CMP(4670) SL : 2% from Entry. Target 1 : 4900 Target 2: 5025. Its offering 3:1 RR

PrasannaVasu

This stock showing signs of breaking out. For pattern traders, Double bottom, rounding bottom formations within larger symmetrical triangle. This should be really interesting to kep in watch list.

PrasannaVasu

Idea description on chart. I need frank review of trade setup. Pl. help me by leaving comments

PrasannaVasu

Stock is clearly in Uptrend in HTFs. In daily Charts, after explosive move, consolidation is seen. Thereby price action suggesting a Flag Pattern. Traders can initiate a long trade at current levels. Trade setup is mentioned on the charts.

PrasannaVasu

CEAT poised for a leap. In HTFs extremely bullish. In Daily charts, Price moved up above recent high with big volume. Price making Higher Lows. Bit of consolidation seen recently. Trading above Trend line. Pullbacks rebounding from recent high, suggesting recent Resistance is becoming support. Stock can give a decent return in short-term from current levels. SL...