Price has broken out the trend line with a huge candle and closed above it, On balance volume is also showing breakout which shows that breakout has been done with good volume.The price may consolidate near previous high, you can wait for the confirmation of closing above prev. high.
price has made a very popular chart pattern with lower highs and higher lows i.e. Symmetrical Triangle . Pattern has been broken out and the latest candle has closed above the breakout candle. Nice time to enter in this stock.
Entry= current price
Breakout happened with a huge candlestick as well as volume. Expected to reach its all time high.
Entry should be done above high of the breakout candle and stoploss should be low of breakout candle or 50% of that.
After a Breakout on 04 july The stock has made a swing of almost 10% and now the price has been in correction. The prices are taking support at previous resistance which is also a Pivot point which makes a good entry point.
Entry can be done above the high of today's candle and stop loss should be below the Pivot Point for a Target of R1 and R2.
The price has been falling since sep 2021 making lower highs and lows, if we draw a trend line starting from sep 2 and nov 15, the trendline was tested again and got validated on jan 14. it made a low in the month of march from there it went into consoiladtion where it failed to close above 600.
Now the price has succesfully closed above trend line but again...
A nice rounded bottom pattern has been formed and had broken out the supply zone of 380 with a nice and big green candle and above average volume. RSI is little extended upwards, but when we see the past RSI value of this stock, overbought area of RSI is near 80 so it is ok that way. Aggresive entries can done at the close of the candle or above the high of the...
Reliance has been trending after the trendline breakout and now the price is taking support at previous high and 20 period EMA. Which is supported by a bullish engulfing candle. If the current candle closes above 2606 which is the high of previous candle, Entry can be done here and if it doesn't then wait for the closing above current day high. Stop loss should be...
ICICI bank has given a breakout from a classic double bottom pattern and the breakout is supported by an upmove which is a good sign. This large cap stock is at a very good price and we can expect an upmove to its previous high in upcoming months.
Sunteck has made its top during August 2018 and tried to give a breakout in 2019 but it failed and started to consolidate but during the first wave of covid it fell along with the market. Again following the market it started rising to its previous resistance in oct 2021 and this time also, it failed to break above but this week, it has successfully broken out the...
MARUTI has given a strong breakout supported by above average volume. Price consolidated near resistance before breakout and also taken support from 20 EMA which shows that trend has stength. Entry can be done on 50-50 basis 50% at current price and rest can be added later near 8367 with a SL and Target of 7550 and 9380 respectively.
An inverted head and shoulder pattern has been formed on 2hr time frame and is consolidating near the resistance, which can be a nice swing trade if it breaks above the resistance with good volume. 1st Target would be 525 as there is an another resistance at 530. SL would be 479 and entry can be done after 493 on closing basis.
Which way it will break?
After a long uptrend price is consolidating making lower highs and higher lows, which shows that buyers and sellers are neutral and are not able to make a decision. Its been six months since the consolidation started, we know that consolidation which takes time gives strong breakout. Lets see which side it chooses to move, as it is above...
After the result date TCS has fallen with a gap down, since a downtrending market is in place. With a long bearish candlestick, which is followed by a Doji Star shows an indecision and gives a sign of possible trend reversal. Just like the regular Morning Star, confirmation on the third day fully supports the reversal of trend. This type of Morning Star can...
Navin fluorine is at the all time and has given breakout with a huge candle and volume if the price stays above breakout which is 4160 then it will be a good buy, with a stop of 3800 and expecting target of 5000 and 5150.
This stock has given a breakout from 666 levels with good volume and has given an 8% upmove then it was in a correction phase, the price was declining with very low volume which is a good sign and has taken good time correction of a month. And now the buying interest has come at its previous resistance level which is now acting as a support. There are two more...