Weekly close abv 360 to trigger a much bigger rally for time frame 1-3 months. Min tgt size of handle 360+(360-240)=480. MAx tgt size of cup 360+(360-60)=660(time frame can be 2-4 mth). Keep a Stop below 300 DCB.
Entry only on WCB abv 360 as markets are too volatile.
Tranch 1 buying >360 WCB
Tranch 2 buying on DCB>480
As on daily charts ADX is missing, so buy...
tanla platforms- on the verge of ATH breakout.
9 mnth consolidation- baby to be born
Weekly close abv Rs1030 required. cmp 1010
Weekly ADX stopped falling and now stable/sloping
upward. Daily ADX abv 25
Tranch1- Buy on close abv 1030(dcb)
Tranch 2-Buy on weekly close abv 1320
Stop loss Rs 800 WCB.
monthly ADX at 60 shud...
mtar tech- Cmp 1461. close abv 1480 will complete Cup and handle formation for tgts 1480+(1480-1160)=1800.
Since ADX is not high on daily charts, better allocate 50% positions on trigger level and remaining positions if closing abv 1570(ATH).
keeping SL at 20SMA dcb. Also chk volumes when there is a bollinger blast
AU BANK- Close below 1050, will trigger fresh shorts for tgt 925-900.
Stock down with big-big weekly volumes. Daily ADX and Negative DMI indicating good down trend for few days, while weekly ADX indicating high volatility.
RSI ready for panic selling. May be some bad news coming.
Upward price rejection twice on daily charts at 1120-1130, So will use this as SL
astra micro-15yr weekly breakout on closing abv 200.
cup and handle formation breakout abv 160 was seen, now its a multiyear breakout.
depth of cup 178rs, tgt 200+178=378.
weekly adx abv 30 shud provide good momentum & protection from downside.
traders can keep sl of 150 on dcb
abbott india- rounding bottom & flag and pole breakout on monthly charts. cmp 20000.
immediate (1-3 mth) tgt of 23500 for rounding bottom pattern.
positional tgt 30000 for f&p pattern
keeps sl of 10% from ur buying levels as stop loss on daily closing basis.
stock good buy and hold purpose. avoid trading
SECURKLOUD- FLAG AND POLE BREAKOUT-WEEKLY CHARTS.
POLE SIZE Rs 95, breakout level 130+95=tgt 225, ]
Weekly resistance at 205, so tgt range 205-225.
Likely time duration 5-6 weeks. Strong ADX,
SL 104 WCB.
BOLLINGER BLAST WITH GOOD VOLUMES
One can look around buying GUFIC BIO
ROUNDING BOTTOM & FLAG N POLE FORMATION,
BOLLINGER BLAST WITH RISING VOLUMES GIVES A
TGT-1 OF 250 AND TGT-2 OF RS 300. TIME FRAME 2-3 MONTHS, SL 190 DCB.
BUY RANGE 210-220..cmp 217 dt 16/8/21. Since ADX (daily)is not above 25, one shud use buy on dips strategy
PML has given Flag and pole breakout on weekly charts. Ideal time horizon for tgt of Rs 500 should be 5-8 weeks, giving a potential upside of 35-40% from CMP 350-360.
The stock seems to be a good investment bet and can be accumulated between 325-350 levels.
The setup will be invalid if it closes below 280 DCB.
Permanent Magnets is one of the flagship Companies...
cnxpsubank index @2240 clearly making cup& handle pattern. Is the risk reward favorable to preempt the formation before breakout?
Those who are seeking opportunity should give it a try. With entry point 2240 and stop loss at 1900 the reward seems to be 3600 which is 1:3.
Seems to be best bet for next 3 months or so. Weekly positive DMI moving up again and...
As per chart Nifty has given Flag & pole and H&S breakdown on daily charts.RSI also depicting the same as it has shown in Feb-march 2020. Cautious road ahead, if history were to repeat itself.
If the tgts of Flag & pole breakdown is the size of pole, then Pole size (11700-7500)=4200 pts down from brkdown level 11200 comes to (11200-4200)=7000 approx...