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HDFC AMC : On daily time frame , a fresh breakout can be seen of mini trend line , before that the stock also surpassed the major trend line. Also stock has formed higher high formation on daily time frame which indicates that stock has begun its up trend journey. Stick strictly to the stop loss as markets are very much volatile and unpredictable due to Russia and...

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IGL is near its very important major support trend line. Also it is on its horizontal support line. The combination of these two supports can acts as very crucial support. Enter on break of minor trend line that is drawn. This is very goog R:R trade. This analysis was done by me only for understanding work of trend line. Use this only for education. Feel free to...

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ACC : Break of major trend line is seen in the charts. Wait for breakdown in lower time frame for shorting opportunity. Charting is done for educational purpose and it is very much self explanatory.

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HINDUNILVR is taking support from its major support line also at the same time it is taking support from its short term horizontal support area. Wait for up trend confirmation on daily time frame to enter, it can be a good risk to reward trade. Also if you have noticed , I didn't posted any analysis in the past few days. The reason for this was falling market. In...

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Asian paints is in its major support line and has formed a doji candle on the line. If we see a good green candle this can be a good sign of reversal. This will be a good risk:reward trade with minimum risk and maximum reward. If stock breaks the support line ,don't enter it. If stock bounces from here , this will be a good entry. Look for bullish candlestick...

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Jindal steel gave a decent breakout from its resistance line and retest is also kind of completed. There is a good chance that stock with touch its previous swing highs. Some people will call it a falling wedge or falling channel or falling flag etc. But main concept here is that its a breakout of resistance trend line. Keep it simple and powerful. This analysis...

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It is old theory of support and resistance that support can become resistance and vice versa. So if we apply that theory here on ACC , it can be a good entry as stock is near the resistance line. All we need to do is look for a bullish reversal candlestick pattern. Some of bullish reversal candlestick patterns are Morning star, Bullish engulfing , Hammer , Bullish...

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IGL is clearly seen respecting its support line in the past. This can be a good risk reward ratio entry, wait for formation of any bullish candlestick pattern on support line like morning star, bullish harami, bullish engulfing , hammer etc. After completion of pattern long trade can be taken here. Note : If support trend line breaks downside, avoid taking trade...

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CHANNEL PATTERN :- It is nothing but a formation of two almost parallel lines between which the stock oscillates. Channel can be of 3 types : 1) Horizontal Channel 2) Rising Channel 3) Falling Channel It is a constant fight between bears and the bulls and victory is decided by the breakout or breakdown of the channel pattern. Bulls wins the fight if breakout...

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Stock is at its major trend line as clearly seen in the chart. Look for strong candlestick reversal pattern on daily time frame or wait for small uptrend formation. This can prove to be a great risk to reward ratio trade with RR minimum 1:4. Trade only for positional/swing. Target can be 5% , 10% and 15% as per holding capacity duration. This chart analysis was...

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HidustanUnilever - The FMCG giant has given a good breakout from its major channel pattern . Stock was in tight upward channel range since approx past 2 years ( Sep 2019 ) and now it has finally given a good breakout from the channel. Another critical point was that there was a Sub pattern also , which was Double Bottom which is also a bullish pattern. We all...

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BPCL is clearly seen taking support from its major trend since past 1 year. It is very difficult to break this trend line. Hence it is good opportunity to go long with small SL. Tips : This is weekly chart , Use weekly chart for trend analysis. Use daily chart to find proper bullish candlestick reversal pattern on this trend line and use 1 hour time frame for...

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NMDC was forming a flag pattern which is broken today(29-07-2021) upwards , it is a clear breakout. Stock may retest a bit and if retest is successful , we can see a good upmove . Target 1 is easily achievable, hence you should book most of the profits there. This can be a good swing trade. This analysis was done by me only for educational purpose. Feel free to...

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Cochin Shipyard is clearly forming a parallel channel pattern as you can see in the chart. Stock is now very much near its support line and can bounce back at any moment. Note :- If stock gives breakdown of support line , don't make a long call here. If a proper reversal candlestick pattern like morning star, doji , bullish engulfing etc is seen near the support...

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Mahindra and Mahindra is clearly forming a pennant pattern after a downtrend move. Stock is in downtrend since FEB 10 , 2021 . Although there is high chance of breakdown from this pattern due to down trend but we may also look for breakout. Enter only after a clear breakout/breakdown for more edge. This analysis was done by me only for educational purpose , feel...

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SAIL : As you all can see that SAIL is forming pennant pattern from around 07 may 2021 , it took around 70 days to make this pattern. Now pattern is almost about to give a breakout / breakdown. If it gives breakout , it will also break the 50 simple moving average (green line in the chart ) , Which is a strong bullish sign. Pole height is around 60% this implies...

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Eichermotors : 1) Chart analysis : Stock is forming sort of a triangle pattern and it is very near breakout zone. Keep an constant eye on this stock as breakout is possible any moment if market supports the momentum. Only enter the stock after the breakout with good volumes. 2) Indicator analysis : As you all can see green moving line , its 50 Simple moving...

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GEPIL ; As you all can see this stock has formed wedge sort of a pattern earlier. After giving a clear breakout+retest structure it is now forming symmetrical triangle sort of pattern. Trend is now uptrend so breakout at upside maybe possible here. Don't be in a hurry to enter the stock, wait for proper breakout / breakdown of the triangle pattern.