Why am I bullish about the stock? JK Paper has formed Flag Pattern breakout in the Daily charts with nice volumes, indicating a continuation of the upward trend. Also, it has given a breakout of the rounding bottom pattern in the daily charts. It is bullish in larger time frames as well. Aggressive traders can enter the trade at cmp , whereas more conservative...
As seen after a strong uptrend price has been contracting in a narrow range, making lower highs and higher lows (symmetrical triangle) in the daily chart. A breakout with volumes on either side will decide the trend of this stock. I would be more interested in the breakout on the upside as it is the primary trend. I will keep this stock in watchlist and review it...
As seen that the DCW has given a Pennant pattern breakout on daily chart a few days back, after which the price has revisited to test the breakout levels and gone down a bit further, giving us the perfect low risk entry. The stock is bullish in larger time frame also. Expected Levels: 40,45,48 Exit levels: 34.30
As seen Punjab Chem has formed an inverse head and shoulder pattern on the daily charts. Aggressive traders can enter (closing basis) on the breakout of the neckline with volumes. Conservative traders can enter when price retests the breakout level. Expected Levels: 280, 300, 340 Exit Levels : 165
As observed the price is moving in an ascending channel and this has been a buying opportunity whenever price has taken support on the lower band of the channel. Price since Feb 2016 has not been able to break the channel, taking multiple supports on it making a very strong support over time. It has also taken support at 50 day SMA. Also, lately the price has...
As seen after an upmove the price has been consolidating making equal highs and higher lows forming an Ascending Triangle in daily charts. A breakout on the upside with volumes will see 320- 325 levels with 256 as Stop Loss.
NMDC has formed a Flag Pattern. It has given a breakout on daily chart with volumes, indicating a continuation of the upward trend. Target : 132-135 Stop loss: 113.90
Dishman Pharma has given a Flag Pattern breakout in the Daily charts with nice volumes, indicating a continuation of the upward trend. It has a good Risk Reward ratio of 4:1. Aggressive traders can enter the trade at cmp , whereas more conservative traders can wait for a confirmation which would be a retest of the breakout levels. The retest may or may not...
The shooting star tells us that the market opened at or near its low, then strongly rallied up and finally got rejected to come and close near the open price. In other words, that session's rally could not be sustained, giving rise to bearish sentiments. Entry on Confirmation only. Aggressive traders can enter when the following candle closes lower than the...
As observed the price moving has been in a channel respecting the top and bottom of the channel. Everytime it has touched the top of the channel , it has been an excellent selling opportunity. More importantly, it has formed a bearish reversal pattern, the evening doji star at an important resistance levels of 287-291. Seeing these three points evening doji star...
As seen Asian paints has broken out of the ascending rectangular channel, breaking the pattern of higher lows formation on the daily chart . See how the stock was moving up in the channel making strong moves upward and taking small correction on the downside helping us to understand the direction and the strength of the trend, but lately buyers were not able to...