anuragsahu614

anuragsahu614 Updated 

Reliance Stock Analysis: Applying the dual bollinger band swing trading strategy to Reliance stock, let's analyze a recent scenario where the conditions were met: Breakout Candle: On Dec 14th, a candle closed above UpperBand (20,1). Volume Confirmation: The volume of this Breakout Candle was significantly higher than the volume of the previous two...

anuragsahu614

This study delves into the significance of the Upper Bollinger Band (UBB) as a resistance level in financial markets, particularly focusing on instances where an asset fails to close above the UBB and the subsequent rallies when such breakouts occur. The Upper Bollinger Band, a technical analysis tool developed by John Bollinger, is a volatility-based band that...

anuragsahu614 Updated 

i have published this strategy in my previous post if you want to know. targets will be 150,160 with sl of 128. lets see how it performs.

anuragsahu614 Updated 

This is a strategy for Swing Traders who just want to capture the swing and don't want to hold the stock for months. This strategy requires 3 indicators:- Bollinger band (20,2) and Bollinger band (20,1) Volume MACD Trade Setup for Long:- 1] The candle which closes above UB 2, we will call it BREAKOUT CANDLE. The BREAKOUT CANDLE should have following...

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A text book pattern can be seen in UBL after a strong downfall since december 2022 prices started to consolidate near may-june and formed a cup and handle pattern. Breakout done with decent volume and strong candle. As per pattern target can be its all time high i.e. 1800, but let's take a small target of previous swing high which is 1685 with a stoploss below...

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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.

anuragsahu614 Updated 

breakout of resistance, trend line and 200 EMA can be seen with the support of volume. for entry wait for the price to cross above the breakout candle i.e. 87.35 with a target of 94 and SL below 83.5

anuragsahu614 Updated 

After a long rally price has came to its support area of Trend line , Fib 50%, pivot point and 50 Sma. Entry: Above 319 on closing basis only Sl: 304 Tgt: 349

anuragsahu614 Updated 

Consolidating near support area seems good , Hope it crosess its all time high.

anuragsahu614 Updated 

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 StopLoss= 79 Target= 87

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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. Entry=1645 Target= 1740,1800 SL=1550

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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.

anuragsahu614 Updated 

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...

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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...

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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...

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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.

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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...

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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.