johntradingwick

johntradingwick

Key Highlights: 1. Bullish market structure 2. Trendline breakout 3. Triangle breakout 4. Volume expansion 5. Accumulate till 215 6. Target: 233, 249, 265 7. Stop loss: 210 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your...

johntradingwick

A lot of retailers may have gotten caught in this fake breakout in TCS. I provided that rough path (which I anticipated it would follow) in my original idea because I believed the conditions were not right for a breakout at the moment. The majority of the time, we cannot avoid getting trapped in fake breakouts. But in the recent case of TCS, the fakeout could have...

johntradingwick

Updated 

Key Highlights: 1. Bullish market structure 2. Cup & Handle pattern 3. Lacks volume at the moment 4. Resistance at 357 5. Accumulate on pullbacks 6. Target: 375, 394, 416, 435 7. Aggressive SL: 337, Safer SL: 325 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for...

johntradingwick

Key Highlights: 1. Potential change in MS underway 2. Descending broadening wedge pattern 3. Trendline breakout 4. Consolidating in parallel channel 5. Ripe for the next impulsive move 6. Target: 1561, 1635 7. Stop loss: 1455 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is...

johntradingwick

Updated 

The price breached the downtrend line with high volume and rallied to change the market structure. This strong momentum increased the RSI to the 70-ish level. The price may now consolidate a bit to cool off the RSI, before giving the next leg upwards. This seems like a good time to accumulate. The market structure is clearly bullish and all the dips must be seen...

johntradingwick

Updated 

ONGC is breaking out of the Inverse Head & Shoulders pattern it was forming since February. The price has broken out from the neckline and there is an expansion in the volume. I have made an illustration on the left-hand side, to explain the pattern. Targets: 128, 137, 140, 146. You are always advised to use an appropriate Risk-Reward ratio as per your...

johntradingwick

Updated 

Key Highlights: 1. Bullish market structure - HH, HL 2. Massive volume expansion 3. Moving in a Pennant. Completing the Bull flag. 4. Currently at a major resistance zone 5. Close above 720 will trigger a good rally 6. Target: 791, 870. Stop Loss: 640 I have made an illustration on the left-hand side, to explain the bull flag/flag & pole pattern. You are...

johntradingwick

Updated 

Key Highlights: 1. Bullish market structure 2. Volume expansion 3. Trendline breakout 4. Buy/add on pullback 5. Support zone: 1437-1460 6. Target: 1553, 1624, 1718 7. Stop loss: 1420 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for learning purposes only....

johntradingwick

Updated 

Key Highlights: 1. Bullish market structure 2. Volume expansion 3. Trendline breakout 4. Symmetrical triangle pattern 5. Ascending triangle pattern 6. Buy on pullback only 7. Support zone: 512-521 8. Target: 566, 602, 638. 9. Stop loss: 493 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment...

johntradingwick

Updated 

Key Highlights: 1. Bullish market structure 2. Trendline breakout 3. Price moving in a channel 4. Major resistance: 735 5. Support zone: 675-695 6. Target: 757, 797, 833 7. Stop loss: 690 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for learning purposes only....

johntradingwick

Key Highlights: 1. Seems to be in re-accumulation 2. Moving in parallel channel 3. Constant manipulation of the lows 4. Swing failure pattern 5. Medium bullish divergence 6. Target: 2616, 2714, 2871 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for learning...

johntradingwick

Key Highlights: 1. Bullish market structure 2. Volume expansion 3. Coming out of consolidation 4. Trendline breakout 5. Ripe for next impulsive move 6. Buy only on pullback b/w 1825-1850 7. Target: 1987, 2110, 2176 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for...

johntradingwick

What is a Cup and Handle pattern? • The pattern resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. • This drop, or “handle” is meant to signal a buying opportunity. When this part of the price formation is over, the stock may reverse the course and reach new highs. • It is a bullish continuation...

johntradingwick

What is a Rounding Top? • A rounding top is a chart pattern that graphically forms the shape of an "Inverted U". • Rounding Tops are found at the end of an uptrend trend and signify a reversal • It is also referred to as an inverted saucer. • Ideally, volume and price will move in tandem. Parts of a Rounding Top: A rounding Top chart can be divided into...

johntradingwick

What Is a Rounding Bottom? • A rounding bottom is a chart pattern that graphically forms the shape of a "U". • Rounding bottoms are found at the end of extended downward trends and signify a reversal • It is also referred to as a saucer bottom • Ideally, volume and price will move in tandem. Parts of a Rounding Bottom: A rounding bottom chart can be divided...

johntradingwick

Key Highlights: 1. Bullish market structure 2. Trendline breakout 3. Price moving in a channel 4. Major resistance: 3000 5. Support zone: 2464-2814 6. Target: 3077, 3224, 3382, 3583 7. Stop loss: 2840 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for learning...

johntradingwick

Updated 

Key Highlights: 1. Bullish market structure 2. Volume expansion 3. Trendline breakout 4. Flag & Pole formation 5. Support zone: 1073-1098 6. Target: 1197, 1245, 1352, 1409, 1489. 7. Stop loss: 1070 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for...

johntradingwick

What Is a Bullish Flag? Bullish flag formations are found in stocks with strong uptrends and are considered good continuation patterns. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle but is...