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.
The script is forming a symmetrical triangle pattern in lower time frames. Note the support and resistance trendlines. Watch for the breakout. I hope the script is bottoming out and likely to move up. Lupin had already corrected about 25% from its recent high.
All-time high breakout. The description is given in the chart.
A good triangle had formed again in the charts. Watch for breakout tomorrow. Looks good for targets 3080 and 3130 within the next one week.
A good rally can be seen across all IT stocks. Maybe due to the negative news for IT in China, the investments have moved to Indian IT stocks. After a good run in Infy, Happiest minds, Coforge, LTTS, and TechM, now it is time for Hcl Tech and TCS. Both the scripts had broken out of the resistance trendline. Now the script may consolidate a bit and start its...
Rectangle breakout... can go long for short-term gains.
Another auto stock that had broken the resistance trendline technically and looking good to accumulate for the long-term.
Mahindra and Mahindra, a worthy stock to be in one's portfolio, had been consolidating for more than 6 months now. Recently the script seemed to have broken out of the triangle pattern. The AUTO sector per se is not performing well for the past few months. Results have been below estimates because of lockdown, and global semiconductor shortage could be some of...
Supply zone- A price area where is strong selling interest. The supply is more than demand. Demand zone- A price area where there is huge buying interest. Demand is more than the supply. When the supply zone is broken out it turns into a demand zone. COLPAL is at a good entry point. Can accumulate from 1600 to 1650 levels for the long term.