1. A tight 3 VCP pattern. 2. Good accumulation volumes 3. 1st T DEPTH- 34% , 2nd T DEPTH - 25% and 3rd T DEPTH - 17% 4. Either we could go for a 4 Th T making it a 4 t VCP pattern or break above 166 6. If we stretch our vission and try looking at weekly TF , we have broken out 120 levels that was good resistance and an ipo weekly high ( 4th may 2015) 5. Entry...
Looks like rising wedge kind of a pattern. Though we can look out for retest too at consolidation bo and plus we need to focus stock has taken support from weekly 50 ema and daily 200 ema. The 20% UC is because of the phenomenal results that the company has posted. Expecting 45-50% tgts with 405 as out SL NSE:GOACARBON
GODREJ AGRO 1. Yellow line indicate the support on the weekly time frame , white lines indicate the resistance ! 2. arrow pointing towards the volume 3. Now its a clear break out of the lower low formation , volume acting as a confirmation signal. 4. here i have also pointed out two possibilities one is the bo and the second buy on yellow supportive trendline...
GAP DOWN - if it opens gap down 18325 it can take support from 18300/18280/18260 would be the last support now if it takes support from that and bounces back we can see levels of 18345 GAP UP : if it opens gap up say at 18360 it can fall till 18345 and we can see a new high that is 18400 in formation FOR THE WORST if it breaks 18260 it can fall it 18200 !
so it's been a long time since i have posted something in public so here it is okay so if nifty break down the trendline we can see tgt of 17260 and 17230. If on the upside it breaks 17385 we can see tgt of 17438 (which seems to be little tough because of the last shooting star candle ) let's keep it simple !!!!
After a long consolidation where bears where pushing it down the bulls have finally captured fmcg sector can in focus for tomorrow
symetrical triangle bo possible buy abv 134 abv the small consolidation closed today exactly at the support tgt-140.75/144/147 sl-129.60
We have watchout for bo and that is buy above 330 tgt 500/630 positional trade for atleat 1 year 11 months
Two important sma 44 and 200 Things you need to keep in mind:- 1.select stocks where the 44 and 200 ma is rising 2.note the crossover (golden crossover) 3.when it takes the nearest support from the 44 ma after the crossover buy abv that. SEE IN THEE CHARTS WE CAN EASILY BUY AT 44 MA SUPPORT AFTER THE CROSSOVER AFTER THAT SEE THE UPTREND OF THE STOCK
priviously it consolidated and gave bo and a nice move 17% now even it has given bo from the same pattern tgt to expect 2174/2241/2281 ( can make a all time high )
we marked these levels and nifty took support from these levels aslo note this a There is profit booking happening in the market. US again has started getting a lot of Covid cases on a daily basis. There could be further correction, especially on the small and mid cap front. Be cautious with long positions and follow strict stop losses
it took resistance at r1 and r2 but now we can see bo but as I said if it breaks down the trendline avoid this but if it crosses and closes above 919 in 1 hour time frame entry-ABOVE 919 TGT-985 (sharp fall from this levels) SL-900
It take support from the trendline(T1) each and every time it touched the trendline it bounced back if it breaks down entry is not recommended but if it crosses 919 we ecpect 985 as our tgt
if this pattern breaks out with good volumes we can take a entry for tgt 186
watchout for itc triangle bo after a long time tgt - 218/225
IT CAN CONSOLIDATE AND IF IT BREAKS 585 TGT-640/690 WE CAN BUY ON DIPS i.e. at 575-570
IF IT BREAKS 1060 TGT CAN BE OF 1121 ALL DETAILS ON CHART