Inv h&s Pattern play on weekly...Any thoughts?? I like such pattern so simple..No points for guessing the Targets..Just take a Plunge and play the trade for 250 levels min.
Clearly the pair has formed a rounding bottom ; getting indication bottom is coming in place. CMP 111.85 would recommend long with stop placed at 110.05 target 112.85/114
Britannia cmp 3530; stop 3488; Target 3600/3650. MACD crossover turning bullish also breaking out.simple chart.
EURUSD Dipped 0.1 percent to $1.0860 , off Monday's peak of around $1.0940, its highest level since Nov. 10, after presedential election. I believe one can create long EUR position for the weekend around 1.0830--1.0858 stop 1.0758 Target 1.0985/1.1040
Orient cem at 166, can see quick spike to 175. RSI postive and stock trying to break out
Praj industries cmp 87.9 is looking for a break-out swiftly can move to 95 and then 100. MACD RSI both looking bullish
nothing much to say cmp 183.5 target 205 stop 178. about to give breakout . Macd positive
Look at the RSI AND MACD perfect to go long with STOP @ 1030; Currently cmp 1079 tARGET 1150/1225
Currently MCX is at 1163; formed a rounding bottom pattern also trying to breach the falling trend line. RSI and MACD giving hints to add fresh longs in this counter with stop at 1130 target could be 1240/1300++
Tata Elxsi is set for a massive move ; cmp 1562; i see 1650/1700++. RSI is positive and also breaking out from a compressed triangle.
Indian bank looks good for a decent 20% upmove currently at 267.6 stop 258 target 300+
The chart set up for Axis bank actually is like formation of double bottom signal highlighted by the two arrows. RSI also taking support on the trend line and i think we may just see quick bounce from the current level of 480 zone.. CMP 485; stop would be placed at 472 and would play for a target of 495/500++
The scrip has a long term trend line break-out ; and also macd turning bullish..I would prefer to go long at CMP 48.50 add in dips around 45.5, stop loss 40 Target 55/60. ( 2 Months time frame )
Fortis has given a break-out already. im a bit late in spotting it, but nevertheless still didnt miss the bus. Well look at the MACD beautifully crossover ; RSI at comfortable zone still has some steam left. CMP 204; stop 175; Target 235/250.( 1.5/2 months)
The chart set up is undoubtedly one of the best view for a Hawk eye.. Price pattern formation is above the rising trend- line, and is approaching a breakout Windfall Gain on the way!!..I guess its gearing up for 60 Level soon :-) currently CMP is 49.15; RSI trading at Comfortable zone. Just a matter of time and it moves Silently.. Do keep a watch..
I think falling trend line break-out simple chart.. with Promising RSI ..Sugary chart!!!Could deliver good returns.