shadowthenoobtrader

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Cup & Handle Formation signs: 1. Volume dry-ups near the lows of the price pattern. 2. Big volume spike on reversal of price pattern. 3. Volume dry-up on the price pull-backs. 4. Improving Relative strength. 5. Tight areas in price pattern under accumulation. 6. Trading above 200 MA How to trade it? 1. Watch out for Volume percent change on pivot breakout. 2. The...

shadowthenoobtrader Updated 

Before taking any trade I always analyze the trend, price, volume, and how the relative strength is performing compared to other stocks in that sector. Here are a few observations that we can make from the AMARAJABAT chart: Flag Pattern upside breakout(bullish) The stock broke a long trend line and consolidated for a month. It has given a range breakout...

shadowthenoobtrader

The cup and handle pattern is one the most reliable pattern if it shows these signs in its formation: Big volume buying on the reversal from lows which shows that institutions are buying. Volume dry up on pullback shows in handle shows that the supply is being consumed by institutions showing no selling pressure. 2x or 3x the average volume on pivot...

shadowthenoobtrader

SIRCA has given the cup and handle pattern breakout with excellent volume. Entry : 570-580 Target - 700-750 Stoploss - 515 Sorry I couldn't post this yesterday. Thank you

shadowthenoobtrader Updated 

Well, many traders spotted the head and shoulder pattern, but it can be seen that stock didn't move much after the breakout but consolidated in a rising wedge for some days(which is generally a good sign). Now, in the morning I was looking for an entry so after looking at the 1-hour time frame, I found a perfect triangle rising wedge pattern, so I was waiting...

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Reasons for bullishness: Trend line breakout Good buying volume for the past few trading sessions Trending 50 MA ABC Pattern Please find the article below explaining more about the ABC pattern.

shadowthenoobtrader Updated 

Can go long in INDIA CEMENTS because of the following reasons: Range breakout with 2x avg volume. Trend Line breakout. Flag Formation Breakout. Target - 230 Entry - 203 Stoploss - 187

shadowthenoobtrader Updated 

Let's first talk about the conditions for CUP & HANDLE PATTERN : Cup patterns can last from 7 weeks to as long as 65 weeks, but most of them last for 3 to 6 months. ✅ The usual correction from the absolute peak(the top of the cup) to the low point of this price pattern varies from around the12 to 15% to upward of 33%.✅ The bottom part of the cup should be...

shadowthenoobtrader

It seems bullish because of the following reasons: 1-year Trendline breakout Index(Realty) has given the range breakout Price trading above 200 MA and MA is trending Lower high price action

shadowthenoobtrader Updated 

This is just for educational purposes. Do your due diligence before trading. Give a boost if you like the idea. Thanks :)

shadowthenoobtrader Updated 

This is my attempt to analyze the price of TATA STEEL using Technical analysis. You can go for a long because: 1. A good TD trend line breakout. 2. Sideways rectangle breakout. 3. A good volume breakout. 4. A good retracement after the breakout. 5. Above the 50 days MA. Disclaimer: This is my first attempt at technical analysis so I would not suggest you take...

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CUMMINS INDIA has given the trend line breakout after trying to three times to break out the 1020 level. A target of 1200 is expected within a few months. Stoploss would be 1000 and can be trailed accordingly.

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BALRAMPUR CHINI MI is a good buying because of the following reasons: All-time high/Box Breakout with great volume. Price trading above the 50 EMA. Breakout after consolidation. Considering the low of the consolidation a target of 570 is expected. If you are a risky trader you can buy on the very next trading session or a safe trader can plan for long...

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Some important observations: On the last trading session( i.e 17th March 2022 ) it opened at 290.50 and experienced a heavy selling which pushed the price to 267.60 , but then heavy demand pushed the price upwards(showing buyers interests) and closed at 283.20 Respecting the trend line. A beautiful bullish butterfly pattern is being formed on a daily...

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CIPLA LTD has been trying to break out the 1000 level but has finally given a beautiful breakout above the 1000 level. The Target price according to the channel low is 1150 but I would suggest here to follow super trend lower band, as I believe that super trend performs well in trending chart patterns.

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We can plan for a long in ITC because of the following reasons: 1. TD trend line breakout 2. CMP above the 50 & 200 MA. 3. Breakout with volume above 20 MA. 4. Super trend upper band breakout(Indicates bullish sign) If it breaks the major resistance(i.e 238) then we can see it trading around the 262 prices. P.S - If you are planning to buy then you can keep...

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CENTRUY ENKA is a fundamentally strong stock and you can plan for a buy if it closes above the Trend line on a daily time frame. Currently it's in the stage of forming the 3rd Motive Elliott wave , which suggests the bullishness in the market. Disclaimer: The analysis is just for education purposes. Please do your due diligence

shadowthenoobtrader Updated 

You can go long on INDIAN HOTELS because of the following reasons: Trend line breakout Good volume breakout MACD cross over about to happen Disclaimer: The analysis is just for education purposes. Please do your due diligence.