Tata Steel Looking Bullish while Just near its All Time High for the second time. Nice Breakout given with More than Moving Average Volume while forming a Cup and Handle Pattern on 4H time frame.
1180-1190 acted as a major resistance zone earlier in the past. Post breakout candle was closed above 1190, a healthy retracement was observed taking support at the...
After a consolidation, the stock has given the breakout from the previous huddles and tested the previous resistance with a successful pullback. Now, on the previous resistance levels, good green candles are been formed, showing the signs of a new uptrend.
Stock has been consistently making higher highs.
An hourly closing above 1860 can be a good opportunity for...
Breakouts are the high probability and low risk setup. These Setup occur mostly when the stock is in a consolidation state forming either but not limited to the below mentioned patterns:
1. Ascending, Descending and Symmetrical triangle
2. Channel Consolidation Pattern
3. Rising Wedge
4. Falling Wedge
5. Support (Demand) and Resistance (Supply) Breakout
6....
After Testing the Supply zone twice, Stock is consolidating near the resistance levels. This time, stock has approach the resistance zone with good volumes.
An hourly closing above 1220 would be a good Opportunity for Swing Trade.
CMP: 1192.70
T1: 1368
T2: 1635
T1 and T2 are decided based on Fibonnaci Levels.
P.S: This analysis for educational purpose...
On a Daily Time Frame, Sail is Forming a very beautiful Descending triangle pattern. Currently trading at the resistance of the trend line. Might see a fall for next few sessions and a good fall after the successful breakout. Keep a close watch.
After multiple fake breakouts post crossing resistance levels, Apollo Tyres forming a cup and handle for a bullish rally.
This is further supported with latest Quarterly results as Apollo Tyres Reports Robust Recovery in the earnings of March Quarter 270.5% year-on-year increase in consolidated net profit at Rs289 crore for the March quarter.
After multiple fake breakouts post crossing resistance levels, Apollo Tyres forming a cup and handle for a bullish rally.
This is further supported with latest Quarterly results as Apollo Tyres Reports Robust Recovery in the earnings of March Quarter 270.5% year-on-year increase in consolidated net profit at Rs289 crore for the March quarter.
