#exide #industries Cmp 183.55 Looks good on charts At 200 ema support and 38.2% Fibonacci retracement. Can expect some buying at these levels SL a candle close below 200 ema, 179 Stock Looks positive
Ashok Leyland breaks out of the falling wedge. Post the breakout stock comes back to retrace at the support line. Later also forms a triangle pattern and breaks out of the triangle. It also forms a Cup & Handle pattern and also gives a breakout from the pattern. Stock takes resistance from Ichimoku Cloud, takes support and then breaks out. Multiple indications,...
A video tutorial explaining the trading strategy for volatile stocks like PC Jewellers. PC Jewellers has been studied in this video tutorial. The video emphasis and shows use of tools like Support Resistance, Trends, Patterns(Flag Pattern) and the Ichimoku Kinko Hyo Indicator
A triangle pattern breakout (a bit imperfect symmetrical triangle), post the breakout the stock has been consolidating as facing resistance near the Kumo Cloud. A positive close above 360 can set the stock rocking. View is positive (415- near previous top), a crossover post it will get further momentum and further price rise Stoploss below 329. However if it goes...
Stock has broken out of the Flag Pattern, it took support at the ichomoku cloud, future cloud is also positive. Today's flag breakout was with high volumes, which confirms the pattern The rally which started from 19th December after the long term downtrend breakout from Rs12 to Rs 37, has retraced by 50% and the stock has moved upwards from 50%...
Not a SEBI registered investment advisor Please consult your financial adviser before making any investment decisions This idea is purely based on my analysis, not a recommendation to trade Stock is in an uptrend after reversing from a prior downtrend stock has taken support from the support line of the channel. Stock took support and started moving upwards...
NCC has witnessed a strong Cup and Handle Multi year breakout above above 117-118 levels. And since the price has closed above the breakout line. We can see further upmove of Rs. 100, ie a target of 220. Stoploss 113, however if price moves upwards again from the stoploss, initiate the buy again. Also, on the MACD, there is a positive upward breakout, which...
There is a strong Symmetrical triangle breakout above 64 levels. Buy with a target of 84. The stock is positive on MACD after a bullish crossover. Stock took support from Ichimoku levels and is trading strong. Sl below 60. However trade can be re entered in the stock rebounds from 60 levels
Buy Intellect Design Arena-Symmetrical Pattern Breakout possible
Long Coal India- Bullish Butterfly Harmonics formed
Schneider is trading at its long term support of 130-132 levels. moving upwards from oversold territory in RSI Positive indication from MACD, though crossover hasn't happened but lines are about to converge
Expected breakout from the descending triangle pattern channel, it closed today on the long term support line. however keep a strict stop-loss as the stock was trading below the support line and now is acting as a resistance.
Positive pattern structure
Strong breakout from the 2.5 year symmetrical triangle. Also read in depth on my blog at pasantechnicals.wordpress.com
Mt educare has started to trade in a positive uptrend channel, after making an initial base. it also took the support at 110 levels after which the downtrend stopped. Buy for a target of 190. suggestions welcome.