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The chart is self explanatory. Since Nov. 21, the price has been forming a Triangular pattern. Already given a breakout of that. Since Jan. 24, A Cup & Handle pattern is formed and a breakout is seen on the charts. At present time, we can observe the retest of the both breakouts. If the price gives a bounce back from present range of 6000-5800 and sustains above,...

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All points are mentioned on the charts. In the last session, the stock has shown a bounce back from the multiple support levels as indicated on the above chart. If momentum continues, may go to 8150/8650. Above 8800, a breakout of flag pattern will be there. The setup remains active until the price sustains above 7200. This illustration is only my view, only for...

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CMP 334.60 on 02.11.24 The price has been corrected by around 40% from the higher levels. All important levels are marked on the charts. If crosses the area of 340-370 and sustains above, may go into a bullish phase again. targets may be 380/480 and even more. If sustains below 310 and sustains below, the setup goes weak. At present point, the risk-reward ratio...

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In the last few months, the stock had been traveling in a rising wedge pattern. Recently breached the channel in downside. At present trying to enter the channel again, after taking support at the 860-870 zone. That has been a good support level in the recent sessions. If crosses 930, with good volumes and sustains the momentum, further targets may be 1000/...

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CMP 6420 on 04.11.24 All important levels are mentioned on the charts. A long parallel channel has been acting as a support level in the last weeks. If Sustains above 6300 levels, it may go to 6850/7000. This is only for learning and sharing purposes, not buying or selling advice in any form. All the best.

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The chart is self-explanatory. On daily time frame, the index has formed a head & shoulder pattern. If gives a breakdown, it may come around 24000. If gives a bounce back, we will expect to retest the gap area upside around 25670. What is your opinion, please share if you wish. This is only for learning and sharing purposes, not a trading advice in any form. All...

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CMP 2910 on 19.08.24 It can be seen on the charts that the stock has been forming a triangular pattern and Cup & handle pattern in the last 2-3 years. Already shown the breakouts of both the pattern around July 24. Already retested the breakout in recent sessions and showed a strong bounce back in the last session ( closed 192 points above). If the momentum...

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CMP 1361 on 09.08.24 The above weekly chart shows that the price has formed a cup & handle pattern in the last 2 years. If this pattern continues we can expect a breakout on the charts. MACD is showing a likely crossover too. Possible targets may be 1600/1800 or even more. As long as it sustains above 1300, this setup remains relevant. Decide your exit levels...

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CMP - 2930 on 27.09.24 Since January 24, the stock has formed a Cup & Handle-like pattern. It is now retesting the immediate support, which is around 2900-2950. If picks a bullish momentum and gives breakout of C & H pattern. It may go to 3650/ 4100+. However, the breakout level is above 3400 but the current price is a good place for an early entry with a more...

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CMP 12620 o 20.09.24 The stock has been traveling in a rising wedge pattern since March. In the last few days, it has been consolidating within a particular range. Today showing a breakout of that range. If momentum continues may go to 13050/13300/13700. As far as it seems above 12570. Setup remains active. One should wisely choose the position size and exit...

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CMP 5622 on 07.09..24 The stock price has formed a Cup & Handle pattern in the last more than 2 years. The breakout level is around 6000. At the moment of retracement, it may come down to 5450 to 5250. If the price is above the 54200 level, this setup has relevance. It goes weak if the price sustains below 54200. Always keep your risk management in control, and...

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CMP 1349.30 The stock is showing reversal signs in the last few sessions. The logics are indicated on the charts. MACD is also showing reversal signs even on weekly charts. Above all, the risk-reward is pretty good at this point. If gains momentum over 1350, targets may be 1460/1550/1640. If sustains below 1300, that will show weakness on the charts. One has to...

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The stock has been traveling into a rising wedge pattern for the last 2 years. Presently near the lower edge of the wedge. Reversed from the support on a red trendline many times. If reversed from here, may go into a bullish phase. If breaks the red line support ( around 6500) may come to the lower edge of the rising wedge pattern (around 6200). Analyze according...

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It is clear from the chart that the price is at the long-time support level of around 1550. if bounces back from this level, may go into a bullish phase. That may carry the price to 1720/1770 and even more. Long time target seems around 2100. This setup fails if the price trades below 1515 for a couple of days. Unless it comes above 1550 again. This point in time...

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CMP around 1640 on 19.07.24 A breakout of an inverted head & shoulder pattern is spotted on a two-hourly chart. next target seems to be around 1700 in continuation. In the case of retesting the breakout level, support is around 1615-1620. If it goes below 1615-10, it may go weak again. One has to trade with patience while maintaining risk management. This...

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The stock is trading at lower prices if you see last month's movements. In the last few days, it formed a double bottom and again came down to lower levels. If reverses from these levels, a bull run may come. The risk-reward ratio is good at this point. 1. If we enter at 940 while considering the stop-loss at 860 - the loss will be 60 points. 2. If prices go in...

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CMP - 1627 on 04.07.24 The weekly chart shows the support and resistance to the price movement. If crosses 1680 and sustains above, it may go into a bullish phase. Possible targets are 1730/1850/1900++ MACD is also showing a possible crossover. At the the time of crossing 1730, we will complete the head & shoulder pattern formation which is in progress right...

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CMP 235 on 28.07.24 The stock price has been traveling in a rising wedge pattern in the last months. This time, again at the lower levels of the wedge. A pink support line is to be noticed too. It has taken support on this line and bounced back 3-4 times. So it seems at multiple support this time. In the last 2 sessions, the stock has shown some reversal signs...