Inverse head and shoulders pattern is considered a bullish reversal pattern. A breakout of the neckline after completion of the right shoulder triggers the rally in the underlying script. In individual scripts, the breakout can be confirmed with good volumes traded. The share price can retrace and take support at the trendline (the resistance line now acts as...
A symmetrical triangle pattern in Vedanta. Target should be previous high level. Risk reward 1:5.5
A breakout can be seen in the price chart. It can also be seen as a cup & handle pattern. Technically the share price should rally soon.
We shall see the chart of century text & ind in the 2-hour time frame. The script had resistance at around 820 where a double top pattern had formed. The third time when the share price approached this resistance trendline a strong green candle was formed breaking out of the resistance. This green candle denotes a breakout. Risky traders usually enter a trade...
The script shows a trendline breakout. A flag on a pole pattern can be appreciated. Next target 455. Most large caps have rallied along with nifty in the past 2 months. After metals, IT, FMCG, and Realty now nifty energy, and infra are doing well. The banking sector still remains an underperformer, which is likely to rally in the coming days. The auto sector...
A channel breakout pattern is seen. Target 345 over 8 weeks. (17%) Stop-loss 275.
The script had broken the resistance trendline and is consolidating now. The resistance line will now act as a support line. Keep stop loss inside the channel. Targets are marked in the chart.
A beautiful triangle pattern and the script is trading at the support trendline. Best price to trade for good returns. Stop-loss 22 rupees.
A beautiful breakout in the triangle pattern. The script has been consolidating for the past 10 months. Expect a good rally in the next few weeks.
An ascending triangle breakout in Tata steel. All metal stocks are ready for the rally. Good to buy for targets of 1400 plus.
A triangle breakout in DR LAL PATH LAB. Good to enter now for decent returns. Targets are marked on the chart.
The script takes support on the channel line beautifully. Good to enter now for decent profits. A breakout from the channel can be expected soon. Happy trading. Pharma stocks look good!
Friends. This post is to let you know that in the sectoral rotation of this bull market, the Metal stocks are looking good for a rally next. Another sector to be watched is Pharma. Coal India, NMDC, Jindal steel had given clear breakout signals. All metal stocks are at a good price to start accumulating now. NMDC shows triangle breakout.
A beautiful ascending triangle pattern in SBI CARD. The stock is trading near its support level. I suggest you buy at the current price and add more if the price falls. Long rally ahead. Concentrate on Insurance stocks- SBI LIFE, HDFC LIFE, ICICIGI, ICICI PRUDENTIAL...
After falling 50% from its recent high, Wockhardt pharma looks good technically forming a triangle with a breakout. Can enter for decent returns in the short term. Stop-loss can be placed around 430 levels.
Looks like we have a breakout in Trent... Trade with a stop loss below the trendline.
Wait for the breakout. I'm a little bearish. In the case of a bullish breakout, watch for resistance at around 9100 levels (resistance trendline).
Watch for a breakout for a good rally in this script.