NSE:TV18BRDCST has broken neckline of rounding bottom . Stop Loss and Target for the same are given.
NSE:TATASTEEL has made double bottom and is near the neckline. One can initiate long trade only after closing of breakout candle above the neckline. Keep a wa
NSE:HSCL is retesting its breakout levels. Further upside possible.
NSE:SHRIRAMPPS has been trading below its resistance line for a while now and today it has broken resistance as well as 100 EMA. Long position can be taken only after candle closing above resisitance.
NSE:SARDAEN has given a breakout of Symmetrical Triangle. Long trades can only be taken after closing of candle above the downward sloping upper bound. 75% of times there is a chance of retest after the breakout. The strict stop loss should be followed.
NSE:TV18BRDCST has completed a rounding bottom and given a breakout above the neckline. Long trades can only be taken after close of candle above the neckline. There is also a chance that it will form a handle and the pattern can be cup and handle pattern.
NSE:INDOTECH has broken 6 year of resistance. Long trade can be taken after closing of candle above the resistance.
NSE:HBLPOWER is near its resistance line. One can take long position only after closing of prices above the resistance line.
NSE:ICIL has completed the pennant breakout and giving the second chance to go long at retest. We have to keep stop loss at the low of the breakout candle and target will be the previous move before the pennant.
NSE:RBA is in the formation of double bottom. Long position can only be made after completion of pattern and breakout above the neckline.
NSE:ABFRL is in its accumulation phase and we can keep a small stop loss and can accumulate the stock for big target in next 3-4 months
NSE:KPIGREEN has given a breakout and upside levels are mentioned
NSE:HBLPOWER is forming Pennant pattern. Pennant pattern is a continuation pattern. But the long trade should be taken after closing of candle above the pennant pattern.
NSE:GULPOLY is forming Flag pattern. The target will be equal to length of the distance from bottom till formation of flag. Expected Breakout is upside. Long only after breakout confirmation.
NSE:RAYMOND is taking Support on Crucial Trend line. Can go for Long trade by keeping a strict Stop loss.
NSE:GABRIEL is showing Failure of Double Top pattern. Long trade can be initiated only after break of Resistance. Keep watch on the Stock.
NSE:AFFLE is in making of Triple Bottom. One can take long trade only after breaking of Neckline.
Normally Rounding Top in the down trend markets are ignored. As ours is the growing Market there is the high chance that it will reach the neckline and the reversal could happen. Though while forming this pattern there is a slump in the volume (Decreasing Volume). I have given a short trade after the break of support and also provided the target price for the...