Tool Used : Regression Trend
Tool Usage : Regression trend is similar to parallel channels difference the upper and lower band are
defined with help of Standard deviation.
Analysis : The prices have take support at central line of regression trend and moving upwards with volume addition.
Indian Bank breaking out of the cup and handle base. The upside for this stock is 149.45-96.05 = 53.4. So our target for this stock comes at 149.45+53.4 = 202.85.
A textbook example of how volumes should behave when a stock is breaking out.
Beginning of base formation - Volumes should be high
During base formation - There should be volume contraction
When Stock is breaking out - High volumes
NSE:JKTYRE
NAUKRI gave a triangle breakout near 4800 on the daily timeframe. The upside for this stock is the difference between the high and the low of the triangle base i.e. 5880-3402=2478. So the target for this stock comes at 4800+2478=7278. This chart also contains a basic explanation for the triangle pattern which is for educational purposes. NSE:NAUKRI
Oberoi Realty gave a good cup and handle breakout above 642 on the monthly chart. The upside for this stock is the difference between the low of the cup and the breakout line i.e. 641.7-290=351.7. So our target comes at 641.7+351.7=993.4. NSE:OBEROIRLTY
Kajaria ceramics gave a good cup and handle breakout at 1010 after 3 months of base formation. The upside for this stock is the difference between the breakout line(1010) and the low of the candle(851) i.e. 1010-851=159. So our target comes at 1010+159=1169. NSE:KAJARIACER
FDC breaking out of an Inverse Head and shoulder pattern above 370. The target price for the stock is the difference between neckline(370) and low of the head(255) i.e. 370-255=115. So our target comes at 370+115=485. NSE:FDC
