Beautiful inverted flag and pole pattern spotted in one hour chart, one may wait till it to breakout and retest for short position. This idea
is only for educational purpose, it's not a call or recommendation, trade at your own risk.
Another Head and shoulder in making, we are in right shoulder at present, will have to wait till its formation and a break of neckline for shorting opportunity on retest. Wait and watch and learn.
Clear Head and Shoulder pattern has formed after a good uptrend. If it closes below the neckline, then a short trade can be taken on retest of the neckline.
This is not a recommendation, just an idea.
Short opportunity coming up in usoil, as 1 hr chart have formed Head and Shoulder pattern, will have to wail till breakout of the neckline and enter on retest.
Breakout possible in a daily time frame today itself, one shall wait for it to happen in a weekly time frame too, it happens so, can go long on a retest for good 10% upmove.
SAIL making a beautiful triangle pattern, it could give breakout in any direction from here, will wait for the breakout candle to close and next candle to retest before entering. If it breaks out upwards, it will be a great thing to happen as the previous trend was very strongly bullish, hence can also take this as flag and pennent pattern, which is a continuation...
Good BO with high volume from a triangle pattern, wait till it retests the trend line, and can then go long at 423 for the target of 500 with stoploss 400 or as per individual risk appetite., Study purpose only, do not consider this as a recommendation.
Gmr have given breakout from a year long channel pattern with high volume, can wait for the retest and go long for at least 20% upmove. With 5% stoploss.
It's just for study purpose, drreddy brokeout from an important resistance in both daily and weekly time frame, looking good for a healthy upmove. Opinions welcome.
It has given breakout from a double bottom in daily chart and is retesting the resistance. The height of the double bottom is roughly 5% of CMP, so can expect similar upmove in coming week or two. Guys please opine on the same, it will help improve the knowledge for all. Thanks in advance.
It has given breakout from a double bottom in daily chart and retesting the resistance. The height of the double bottom is roughly 5% of CMP. So can expect the same amount of upmove in next one or two weeks. Guys please opine on this analysis, it will help improve the knowledge for all. Thanks in advance.
Good breakout from a triangle pattern with high volume, also today was the last trading day of this week, so weekly candle also confirms the breakout. Looking good for at least 10% upmove from here, good luck.
