The stock has been consolidating in a rectangular pattern for the last 7 months. Yesterday i.e. on (02/06), it has broken out of the horizontal resistance boundary of the rectangle. It is reasonable to construe that a directional up move will ensue post this breakout. Risk: Reward is mentioned on the chart.
The NIFTY has completed the descending triangle pattern (bearish continuation) and it has broken the key support at 16.8K. It is also trading below its 200 Day EMA. By measuring the descending triangle's volatility and projecting it from the breakout level. A target of 15.4K has been set. The chart pattern would be negated if there's a closing above 17.5K.
On the charts, there is a huge volume price-volume breakout from the retracement trendline. For my entry at 1894 with an SL of 1800 - which is 5% of my buy price - I'm anticipating prices to attain a target of 2094. It is a 1:2 R:R trade. The caveat emptor principle applies here, as it does in every trade. Stick to your principles and rules. Best of luck!
After moving in a clear uptrend, the prices consolidated in a narrow range. Post the consolidation a breakout from the upper resistance level is evident. With a SL of 390, one can trade this set-up for a target of 450.
As we can see on the chart there's a symmetrical triangle breakout on the daily chart with unusually high volumes. This can be a good swing trade opportunity to go long as this set-up provides an attractive Risk: Reward. SL- 229 Target- 280
The stock formed a double-top pattern where distribution came into play followed by a markdown phase. Sequentially, considering the double-bottom formation at the trend line's support associated with higher than average volume, we are in the accumulation phase for the stock. It is a good opportunity to take a long position for the swing trading at CMP; SL-...
As per the chart, there's a clear positive divergence on the hourly time frame. On the daily time frame, the prices are at a crucial support zone with a bullish harami candlestick pattern hinting at a bullish reversal. Prices have also breached the trend line confirming the entry signal on the hourly chart. You can consider adding a fresh long position here...
On the hourly time-frame chart we can observe the positive divergence against the prices. As the candles have broken out from the trend line it was a good entry confirmation. Stop-loss will be the low of the swing. First target level will be 291 levels.
The distribution phase is when large funds and institutional investors sell their shares at a high price in order to maximize their profit. Because institutional investors and large funds hold large positions (> 1 million shares), they cannot close their positions with a single sell order because doing so will draw attention to the stock, causing other market...
Stop-loss, target, and the pattern can be inferred from the chart. There is an expansion in volume before the breakout candle, based upon the price analysis of the volume. The large volume bar and the comparatively broad candle prove that the breakdown is true.
There's a bull-flag breakout on the daily time frame with substantial volume. The first target is expected at 707.95. However, the pattern's target is at 748.55. SL is mentioned on the charts. *Kindly follow your due diligence before taking positions.
As you ca observe on the charts, My near term outlook for #VGUARD is bearish. On the 20th of July 2021, the selling candles broke the neckline (support) in the downward direction thereby completing the double-top pattern formation. Expecting further down move in the prices.
Bull-flag pattern can be spotted on the daily time frame. A price breakout supported by humongous volumes can be seen on the chart today With an appropriate SL one can expect price moves upto ~3500 level.
As can be seen in the chart, In the past, in 2018 and 2019, UBL has formed a triple-top pattern. UBL is now edging closer to the same resistance level of 1478.95. On the daily chart , we can see a bullish marobuzo, and on the weekly TF, we can see a hammer candle near the trendline. Bullish candles and the absence of the concept of four-tops formation suggest...
With steady volumes, there was a breakout over the prior high today. A break of the 1573.65 near-term resistance level could lead to a target of 1850 levels. Small amounts can be added in three stages: 1. Anticipating an breakout(now) 2. During the actual breakout 3.Retest For educational purposes only. Kindly follow your due diligence prior to taking positions.
It appears that the pharma sector is headed towards an ascending triangle breakout with 14527.3 being the nearest resistance level. Keep pharma stocks on your radar!
- Ascending Triangle pattern breakout with the promising volume on the breakout candle - Stop-loss is placed at 3% of the prices below the breakout level - Risk to Reward ratio is attractive -Width of the triangle is projected as the target - Scaling out can be followed
- The stocks in the real estate sector will be in the spotlight in the coming days due to a strong breakout on the WEEKLY chart. - Keep them on your radar.