pradytrader1979

pradytrader1979

When a double top or double bottom chart pattern appears, a trend reversal has begun. Let’s learn how to identify these chart patterns and trade them. Double Top A double top is a reversal pattern that is formed after there is an extended move up. The “tops” are peaks that are formed when the price hits a certain level that can’t be broken. After hitting this...

pradytrader1979

A symmetrical triangle chart pattern is a period of consolidation before the price is forced to break out or down. A breakdown from the lower trend line marks the start of a new bearish trend, while a breakout from the upper trend line indicates the beginning of a new bullish trend. The price target for a breakout or breakdown from a symmetrical triangle is equal...

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A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation...

pradytrader1979

Nestle India Ltd. is a subsidiary of the global food and beverage giant, Nestle. It's known for its popular products like Maggi, Nescafe, and KitKat. Key Financial Highlights (as of latest quarter): Profitability: Nestle India has consistently shown strong profitability, with high profit margins and healthy returns on equity (ROE) and assets (ROA). Growth: The...

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### GlaxoSmithKline (GSK) Stock Overview GlaxoSmithKline plc (GSK), headquartered in Brentford, London, is a global healthcare company focused on pharmaceuticals, vaccines, and consumer healthcare products. Established through the merger of Glaxo Wellcome and SmithKline Beecham in 2000, GSK has a rich history dating back to the 19th century. #### Business...

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Jubilant Pharmova Limited (JUBLPHAram) is a prominent player in the pharmaceutical and life sciences industry. Here's a bird's eye view of its fundamentals: ### **Company Overview** - **Industry**: Pharmaceuticals and Life Sciences - **Headquarters**: Noida, India - **Key Segments**: Pharmaceuticals, Contract Research and Manufacturing Services (CRAMS), and...

pradytrader1979

Is the entire world is rotating out of NASDAQ:NVDA into Russell 2000 small-cap stocks. Could it be another Cisco .com bubble comparison. Everyone tries to find AI companies that offer significant returns. In reality most of them provide no value and the infrastructure AI is built on continues to be growing asset (NVIDIA). Let us look at the charts. From the...

pradytrader1979

A rising wedge is a bearish chart pattern that typically appears at the top of a mature uptrend. Here are the key characteristics and considerations: Preconditions: A strong, mature trend in the background (multi-day/week). Wave HH1 (higher high) should be significantly smaller than the subsequent wave H. HH2 (another higher high) should be smaller than HH1. The...

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A falling wedge pattern is a technical analysis chart pattern that typically signals a potential reversal or continuation of the current trend. In the context of CESC (Calcutta Electric Supply Corporation), here’s how you can understand and identify a falling wedge pattern: Characteristics of a Falling Wedge 1. **Shape**: The pattern is shaped like a wedge that...

pradytrader1979

Around 113 price action being bullish may go up to 123 in 1-5 days. I would keep a 2 percent fixed stop Potentially a 5R trade

pradytrader1979

DLF intraday short trade Reason explained on chart. 1:5 risk reward

pradytrader1979 Updated 

JINDWORLD - Jindal Worldwide has made a bullish pattern. Entered the stock at 325. rocketed to 345 levels closed at 340. Looking for 3R to 5R given the market conditions. Keeping SL at today low - 317

pradytrader1979

Excellent fundamentals. consolidated for over 3 months. stock split. another consolidation and now breakout. holding from pre-split levels. making of a multibagger

pradytrader1979

DEEPAKNTR created a harami pattern in EOD chart. Today it opened open = high and gap down. made a hangman like structure and a risk reward of 1:8 was done in less than 2 hours of market open

pradytrader1979

Tatamotors at crucial point. if it dosnt hold here, would drift to 483... 503 SL for this view

pradytrader1979

Filatex corrected from its high, made a consolidation and appears to resume its up trend Risk Reward 1:4 Also a symmetrical triangle BO

pradytrader1979

VBL good earnings Followed by a symmetrical triangle breakout.