NSE:KOTAKBANK shows a nice long-term pennant brakeout. It's breaks out above a long term falling trendline with high volume. Also today's candle is Bullish Marubozu (Open = Low). Trade: Buy above 1977, SL: 1930, 2040
NSE:PONNIERODE shows a high volume breakout above the Gann Box. Volume is super. After the earnings, the stock was trading higher, was consolidating and now ready to breakout. Trade:
Levels: Support: 42350, 42230, 42100, 41850, 41375, 41080 Resistance: ATH :) OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 42372.7 ATM: 42400 , ITM: 42300, 42200, 42100 , OTM: 42500, 42600, 42700 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty...
Levels: Support: 18300, 18250, 18150, 18052 Resistance: 18400, 18500, 18600 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18403.4 ATM: 18400 , ITM: 18350, 18300, 18250 , OTM: 18450, 18500, 18550 ---------------------------------------------------------------------| Highest OI Call in Nifty per OI...
NSE:EIDPARRY has a clear, copy-book symmetrical triangle / pennant pattern formation. Trade: Buy above 640, SL: 610, T: 660/680/700
NSE:LAOPALA has the following properties An inverted Head & Shoulder pattern created. High Volume A nice consolidation after that and trying to break it out. Trade: Buy above 430, T: 490, SL: 410
Levels: Support: 41850, 41375, 41080 Resistance: 42350, 42230, 42100 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 42076.75 ATM: 42100 , ITM: 42000, 41900, 41800 , OTM: 42200, 42300, 42400 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI...
Levels: Support: 18300, 18250, 18150, 18052 Resistance: 18350, 18400, 18500 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18329.15 ATM: 18350 , ITM: 18300, 18250, 18200 , OTM: 18400, 18450, 18500 ---------------------------------------------------------------------| Highest OI Call in Nifty per...
Levels: Support: 18300, 18250, 18220, 18175 Resistance: 18350, 18500, 18600 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18349.7 ATM: 18350 , ITM: 18300, 18250, 18200 , OTM: 18400, 18450, 18500 ---------------------------------------------------------------------| Highest OI Call in Nifty per OI...
Levels: Support: 41850, 41375, 41080 Resistance: 42100, 42350 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 42137.05 ATM: 42100 , ITM: 42000, 41900, 41800 , OTM: 42200, 42300, 42400 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI data:...
* I personally don't give too much attention on moon-phase for price-action * BUT One very interesting observation I have. Just use a simple prediction where the Nifty can go from there. A couple of observations: The dotted line is the prediction based on the last 50 days similarity pattern of the price action. Its going up for 14 days (1 moon period),...
There is a pennant (symmetrical triangle) pattern formation (blue triangle). By choosing baseline charting (instead of candlestick or range), you can visualize the swings. As of now it's hitting the resistance of 403. If it able to break the previous swing high (409 on 04/10) with volume, it can go high (~425). But see the black dotted line. That's a...
A very interesting chart formation we can see in NSE:PRECWIRE . It was first an ascending wedge/triangle. The breakout happens. Then price retraces and retest the neckline of the wedge. Now the retest completes. Ready to fly. The N symbol (light blue), projection half-circle is shown. Trade : Buy above 103, SL: 97, T: 130.
NSE:ICICIBANK is in a parallel channel, where the current price action is at the bottom of the channel. So, it' a nice swing trading strategy to buy around 900 and sell once around 960. If sustains above 960, buy and then sell again on 1020. Roughly 120 point range play.
Logic: Symmetrical Triangle (Pandant pattern breakout) Trade: Sell below 123, SL: 125. T: ~119.
A Very Interesting Pattern in this lesser known share: An all-world-engulfing green candle on the day of Earnings. Very high volume breakout The 50 MA about to crossover 200 DM, a perfect entry. And the result .. it's awesome: PAT doubles (YoY), 4 times (QoQ) EPS doubles (YoY), 4 times (QoQ) Trade : Buy and Hold with a SL of 1610.
Multiple factors playing in HDFC Bank counter: A rectangular consolidation is ready to be breached by the very strong Bullish Engulfing candle formation. The MAs are showing bullish trend with the distance among the MAs are expanding. Good momentum indication. High positive volume, above volume average .. breaking past the last 3 negative volume bars. ...
Rounding Bottom formation with a bullish candle ready to breakout, most likely driven by Q2 earnings. Volume build up is not bad. Trade: Buy above 235.50. SL: 230 T: 241/245