aashu24ahuja

aashu24ahuja

Previous uptrend, followed by decent consolidation and breakout the stock has pulled back but if you see the breakout candle low is not breached Also it took 4-5 days to retrace with lower volumes

aashu24ahuja

Wonderful flat BO Closing above 200EMA with wide range candle 6 weeks of tight consolidation on the weekly chart Decent volumes lately

aashu24ahuja

Decent pullback Great fundamentals Selling due to stock falling into smallcap category post demerger Stop loss, today's candle low (BO low)

aashu24ahuja

Huge upmove Now box like consolidation Keep on watch

aashu24ahuja

Datapatterns - The pullback count is 7 and on 8th candle it gave a bullish candle + followup bullish candle today (9th candle), in this case the time correction is missing so do you still trades such setups ?

aashu24ahuja

it has spent around 30+ days in consolidation/pullback (30+ counts). The candles has wicks on the top but volumes are on the lower side. it gave a decent move yesterday signaling the pullback maybe completed.

aashu24ahuja

- A decent upmove, followed by breakout. - Now pullback looks completed with a bullish candle today - Volumes during pullback are lower - Volumes on green candle is high compared to red candles - Wide range green candles during the upmove suggest strong force from buyers

aashu24ahuja

- Trend Line BO with huge volumes. The purple dot signifies big hands - The price is above 200EMA and moving in a channel. - We can enter at the bottom of the channel for better RR or we can wait for channel BO.

aashu24ahuja

- Made double bottom - Strong candles in the bottom, look for purple dot with volumes and price move of 5% - Breaking out above 200EMA - Looks like the trend is changing

aashu24ahuja

Signs of bottoming out Huge volumes Observe the candles with purple dot, they signify 5% upmove + Volume > 1M Only resistance I see is 200EMA, once BO happens above 200EMA, trend change is confirmed

aashu24ahuja

Low risk setup, almost catching a falling knife but if you know your risk can attempts Yesterday's low can be a strong support/SL Entry today at CMP, risk comes at 4-5% keeping yesterday's low + transaction cost Bajaj Finance is a great fundamental company and hence we can take a shot here. Disc:- invested today at 6615

aashu24ahuja Updated 

Flag BO 13 months of BO and retest consolidation in a flag

aashu24ahuja

Daily chart VCP setup volume uptick stop loss mentioned on the chart

aashu24ahuja

Wonderful BO on daily and weekly It seems something is changing in the company One can enter 50% at CMP and other 50% at pullback

aashu24ahuja

Flag Breakout. Huge run-up, followed by some price consolidation. The purple marker suggests accumulation as each purple dot signifies price movement > 5% with 1M volumes

aashu24ahuja

VCP setting up, not exactly text book pattern but similar The BO candle low can be used as a stop loss

aashu24ahuja

VCP setting up on a daily chart wait above the highlighted candle to take position

aashu24ahuja

All the analysis is done on the chart. Strong volume during upmove shows accumulation VCP pattern Low volumes during retracement