Weekly Ascending triangle The Resistance has been tested 4 times and support line is continuously drifting up signifying buyers interest. GTT can be placed at breakout level of 1558, with a stop loss of 1461 previous weekly candle low. T = R + H, Where: T – target price; R – resistance (horizontal line); H – pattern's height T= 1558+638.
The stock has been trading in a narrow range for the past 5-6 days and volume is also below average. If stock is being accumulated by institutions, it must break out of the range with above-average volume. GTT order can be placed above a narrow range (blue line) Stop loss can be red line or 21MA.
Stock was in a Continuous Down trend. In the previous week, We can see Bullish Candle with a huge accumulation volume. Stock is showing a sign of bottom. Break Away Gap : This week's Monday volume is already more than the previous whole week's volume. We can take a partial position with a Stop loss of 10 weekly MA. Pyramid position at close above 887.
The stock has been trading in the range for the past 19 weeks with low volume. Before the range breakout, we can see volume again building up & the stock formed a weekly bullish engulfing candle with above-average volume. Stock Brokeout of range with the highest volume in prior 19 weeks. (Stop Loss) Point of High Confluence Weekly 10MA & 40 MA are perfectly...
Stock is in long term uptrend Price near Trendline and 50 MA Support. Hammer candle on Daily Chart High Volume today with Very high delivery percentage (Check NSE Website) Entry and SL on Chart.
JK PAPER Coming out of double bottom. Stock is already in uptrend with big volume. Price is consolidating for 10 weeks. Shakeout of week holders as price closed (D) below previous low close (B). Volume drying up near base of the pattern. As price is coming out of base and trading above 50 MA near the neck of the double bottom. Details on chart.