Price is at major trend line and if gives a BO above resistance level then a swing is possible on upper side..
Stock will become more strong if it does a retest after the BO.... Keep an eye to check this hypothesis..
Chart has given BO on weekly basis.. it should come to retest at the BO level... if it happen than generally entry get trigger... In such a situation, one can have a 1:1 RR.. SL 135 T 195
Hypothesis - Stock has made weekly HH entry triggered on close of 8th Sept.. T1 11.45 T2 15
it is crossing monthly resistance lets see how it is behaving..
Hyopthesis = BO & Retest Entry immediate SL 218 T1 260 T2 286
Trying to make HH, if it sustains above then it bounce Close above 520/- should be an entry point T1 535 T2 570 SL 483
If one stock is making weekly HH then it should test next resistance.. let see how hypothesis played... Entry 142, SL 128, T1 154, T2 200
Price broken out of a channel afterwards consolidated for ~ 1M Can it travelled to ATH Entry > Previous candle i.e. 222 SL 210 Target 240
Stock is trying to break a long resistance zone... if it is broken than upper resistance can be tested Entry above 125 SL 87 Target = as per your risk..
Stock is trying to BO from a long weekly range... generally this gives a spurt in volume and price... if this hypothesis is correct than T 770 SL 640 Let's see how this hypothesis unwind..
Price is coming out of resistance... let's see how it behave on weekly chart... Entry above 2680 on closing basis SL 2400 T1 2760 T2 3073
Stock has not sustained the retest level and fallen further.. now a crucial level and support.. may give a bounce back...
Price is trading in a range.. if it's BO.. then a swing is possible to higher side...
Price is lower end of channel.. can it create a buy thrust...
Price is testing the resistance again and again...
Education purpose - Price action analysis PS is approaching an important resistance zone of 4700, if it crosses the same on a weekly or monthly basis then the next target is 5000. SL 4330 It is the strongest stock in IT Pack.
Education price action strategy - Ashok Leyland Stock is above Weekly EMA 20 and closing on a weekly high The stock closed at its highest point since Oct 22. Entry trigger above 156, target 169, SL 149/- SL on a closing basis..