The support and resistance lines are followed by the script. Looks like a good buy at the current price. Target 180 to 190. Stop-loss 138 with a risk-reward of 1:5. That is about a 27% upward move over 4 to 8 weeks. Triangle patterns are my strength, but this script is trading near its support zone. Should work out well...
Looks like we have a breakout this time in the charts. Safe to enter above 500... For long-term benefits...
A breakout through the resistance trendline can be seen. Good to go long for short term (3-6 months) & long term.
The script had broken out of all resistance levels and is trading at an all-time high now. NEXT TARGET 6300...
The script had broken out of the triangle and is marching ahead. Next target is 2665 which is still a good 5.5% away...
Good technicals. Wait for the breakout. Targets on either side have been shown on the chart. I'm staying bullish, but please enter only after a clear breakout next week. If it falls, try shorting in intraday trade. Happy trading.
A good triangle breakout and rally in the script... Enter above 2050 for a short-term first target of 2170. More rally to come...
Axis bank chart shows a breakout from a triangle pattern. I'm not a fan of banking stocks for short-term trades. But, technically this script shows a clear breakout. This script also forms an inverted head and shoulder pattern with a neck line at 800. 760-770 level should act as a support. Long-term investors interested in this stock can start buying and add...
Friends. I thought let's learn this kind of candle pattern seen in Sudarshan chemicals. Based on my observations as well as from the teachings of few technical experts, the following pattern is described. 'When an unusually long green candle is formed followed by a red candle on top of the green candle, reversing the direction, this eventually ends in further red...
Beautiful breakout from a triangle pattern. Good to go long. Targets marked in the chart.
The index had taken supports at 0.618 and 0.786 Fibonacci retracement levels. Looks like it had broken out of the resistance line. This is not an idea to take blind positions in smallcap stocks. If you are holding such stocks you can continue to hold as the index performs well now. Fresh positions can be taken after careful analysis of technicals in individual...
The nifty midcap index had broken out of the resistance line. This is not an idea to take blind positions in midcap stocks. If you are holding such stocks you can continue to hold as the index performs well now. Fresh positions can be taken after careful analysis of technicals in individual stocks.
We can see a symmetrical triangle forming in the charts. The script is at the support trendline. Good for positional trade. Stoploss 3540. Target 4150. (15%) Risk reward- 1:10
The script is trading near its support line. Can expect 9% returns in 1 - 2 months. Good to hold for the long term.
We can appreciate a triangle pattern in the script. Follow the support and resistance trendlines for positional trade. Fundamentally, the only Adani stock with a PE ratio of less than 30. Good to hold in one's portfolio. Technically, the stock is good to buy around 660 to 675 levels. I'm bullish with Adani stocks.. Make your analysis and enter the trade. Risk...
MCX has monopoly in the commodity exchange segment in India, with a market share of over 92%. In the weekly chart the script had broken out of resistance trendline (support zone) and is consolidating for one year now. Good stock to be in one's portfolio at a good price to accumulate. We can expect at least 70% upward move in the next two years.
Watch for breakout of this resistance trendline.. Targets 550 and 570..
A triangle breakout can be seen. Targets- 3800 and 3950 in the short term. Long-term target- 4400 over 6 months to one year.