Setup: Breakout Following Base Build-Up Post Rally Entry Level: Buy at CMP (Current Market Price) Stoploss: 635 Technical Observation: Volume indicates strong buying interest, confirming the breakout. This setup suggests bullish momentum and a continuation of the rally. Note: Monitor price action and volume closely for sustained strength above the...
Pattern: Cup & Handle Formation Timeframe: Daily Entry Level: Buy on a daily closing above 790 Stoploss: 712 Positional View: The Cup & Handle pattern suggests bullish momentum. A confirmed breakout with a daily close above 790 could lead to a significant upward move. Note: Ensure the breakout is accompanied by good volume for confirmation.
Pattern: Cup & Handle Formation Timeframe: Daily Entry Level: Above 2160 Stoploss: 1970 Positional View: A breakout above 2160 could trigger a strong upward move. The Cup & Handle pattern indicates bullish sentiment, and this setup has the potential for a good positional trade. Note: Wait for a decisive close above 2160 before entering the trade.
BAJAJ HEALTHCARE Pattern: Multi-year breakout with a Double Top at All-Time High (ATH). Volume: Significant increase in volume, confirming the breakout. Entry Levels: Ideal entries at retracements of ₹500 and ₹475. Stoploss: Maintain a strict stoploss below ₹430. View: Positional trade; a potential long-term bullish opportunity based on technical...