johntradingwick

johntradingwick

Key Highlights: 1. Bullish market structure 2. Trendline breakout 3. Bullish above 785 4. Support zone: 736-753 5. Target: 816, 865, 911, 952 6. Stop loss: 730 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 capital at your own risk.

johntradingwick

Key Highlights: 1. Bullish market structure 2. Volume expansion 3. Cup & Handle formation 4. Major flip zone: 2440-2480 5. Target: 2612, 2741, 2892 6. Stop loss: 2300 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 capital at...

johntradingwick

Updated 

Key Highlights: 1. Potential change in MS underway 2. Still in consolidation mode 3. Symmetrical Triangle pattern 4. Flag & Pole formation 5. Early entry will give a better RR ratio 6. Support zone: 262-267 7. Target: 296, 320, 332, 350. Stop loss: 263 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This...

johntradingwick

Key Highlights: 1. Bullish market structure 2. Volume expansion 3. Trendline breakout 4. Falling wedge breakout 5. Ascending triangle formation 6. Support zone: 970-990 7. Target: 1077, 1135, 1189, 1232 8. Stop loss: 985 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart...

johntradingwick

Key Highlights: 1. Bullish market structure 2. Volume expansion 3. Trendline breakout 4. Falling wedge pattern 5. Flag & Pole formation 6. Support zone: 117-120 7. Target: 151, 169, 178, 192. Stop loss: 119 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. Bullish market structure 2. Volume expansion 3. Ascending Triangle pattern 4. Flag & Pole formation 5. Support zone: 3117-3162 6. Target: 3482, 3644, 3828. Stop loss: 3100 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...

johntradingwick

Updated 

The market structure is Bullish and the price is giving a retracement to the previous flip zone. Price has been testing the previous supply zone which is now turned into a demand zone. This zone has a confluence with 0.618 Fib and the 200MA. Targets: 3083, 3143 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This...

johntradingwick

Updated 

The price was forming a falling wedge pattern but broker out of the wedge and formed a Higher high. As can be seen from the current market structure, Voltas is in an uptrend. The price formed a hammer candle on the 200 moving average and bounced back. The 200 SMA has acted as good dynamic support in the past, as has been highlighted by the green circles. ...

johntradingwick

Updated 

Reliance is coming out of the Accumulation zone, the range which was created 60 days ago. There is an expansion of volume on the Breakout with a good Bullish candle. There is also a break of structure since it created a higher high. It may retest the 2050 area on lower time frames. Every dip can be seen as a buying opportunity. Targets: 2200, 2350 You are...

johntradingwick

Updated 

The price broke out of the downtrend line with high volume and rallied to change the market structure. There may be a retest of the previous high, 780-790 region. Long positions can be opened on this retest. The target which I am looking at: Target 1: 835 Target 2: 877 Target 3: 929 You are always advised to use an appropriate Risk-Reward ratio as per your...

johntradingwick

Updated 

The price rebounded strongly from the support zone with a 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 second leg upwards. This seems like a good time to accumulate. The targets which I am looking at: Target 1:...

johntradingwick

Updated 

Key Highlights: 1. Bullish market structure - HH, HL 2. Massive volume on the breakout 3. Currently at a major resistance zone 4. Close above 580 will trigger a massive up move 5. Target: 609, 649, 696. Stop Loss: 510 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...

johntradingwick

Updated 

Key Highlights: 1. Trendline Breakout 2. Bullish market structure 3. Support from 200MA 4. Massive volume on the breakout 5. Target: 25, 30. Stop Loss: 20 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 capital at your own risk.

johntradingwick

Updated 

Key Highlights: 1. Bullish market structure - HH, HL 2. Volume expansion 3. Trendline breakout 4. Breakout & retest done 5. Support zone 1527-1624 6. Forming Inverse Head & Shoulder 7. Target: 2225, 2700, 3233. Stop Loss: 1585 8. Time frame: 3-6 months You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is...

johntradingwick

Updated 

Key Highlights: 1. Bullish market structure - HH, HL 2. Volume expansion 3. Long period of downtrend & accumulation 4. Trendline breakout & retest done 5. Forming Inverse Head & Shoulders 6. Successful retest of the neckline 7. Support zone: 140-146 8. Target: 162, 183, 213, 241, 271. Stop Loss: 135 9. Time frame: 9-12 months You are always advised to use...

johntradingwick

Updated 

Cummins India seems to be in accumulation. The price formed a hammer on 200 moving averages and took liquidity from the previous support zone. The volume expansion was massive but the market structure is still Bearish. It's too early to say about the follow-up but it would be a good ambush entry if someone is willing to take the risk. Targets: 805, 865,...

johntradingwick

Updated 

The volume on the bearish candle was concerning but the Bulls absorbed all the supply and hence the next candle was a hammer. The price is in a range/accumulation phase. An ambush entry can be taken with the previous low as a stop loss. A safer entry can be taken after the break of the range on the upside. Targets: 547, 562, 578. You are always advised to use...

johntradingwick

Key Highlights: 1. Bullish market structure - HH, HL 2. Volume expansion 3. Trendline breakout & retest done 4. Support zone: 140-150 5. Target: 204, 280, 400. Stop Loss: 140 6. Time frame: 9-12 months 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...