Operating in Consolidation Triangle.Will wait for the break out. Volumes seem low, Triangle completion expected LTP @ 174 Short term in this week, @166 To watch: How it breaks the triangle.
Having broken the channel, short term down trend expected
Possible ap filling til 272, and then re mbark on it's earlier rally. ITC in consolidation phase.
The news shock has been absorbed and looks like accumulation zone for Adani Power for continuing its earlier rally.
Have to watch, for any breach. Has some gaps in intermediate down, possible filling them on rally up.
If it breaks the diamond Bullish. After 89, it can re-embark on its rally it had started weekly. If it breaks the Diamond bearish, chance that it is a reversal and onset of bear trend. Buy and hold, for 90 ish in May. Stop Loss at 82 . Reverse position if it hits 82
An Uptrend Rally followed by a consolidating Symmetric Triangle has given way for another rally.Long time support also breached
Two Flags of consolidation. 4Q announcement
Post bottom reversal, the stock has been trading in the Symmetric Triangle in intermediate trend running across weeks. The Triangle was breached with Bullish expectation, and the stock is righ now in tilted rectangle - almost like a flag consolidation amidst a rally. Would be expected to break out and rise with gap.
A failed Head and Shoulders followed by a reforming Head and Shoulder. Book Profits. Also, the second shoulder is about to form, so can use that rally
Edelweiss has been in Rally for some time. Has seen one consolidation triangle and forming second one. Volumes look promising for another burst post consolidation.