the_consolidation_guy

the_consolidation_guy Updated 

Notes: Almost 2% consolidation. Looking at some intraday positions if the scrip closes above 1011.5 and 1018 (maybe enter on retest since its been a resistance for sometime before the current consolidation too) Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.

the_consolidation_guy Updated 

Notes: Looking to confirm a C&H break if the candle manages to make a close above 15850. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.

the_consolidation_guy Updated 

Notes: Looking at confirming breaks for closes both above and below the marked levels. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.

the_consolidation_guy Updated 

Notes: Might look at taking a long position if the candle manages to close above 755 intraday. Targets would be 760 and maybe 766 for Swing. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.

the_consolidation_guy Updated 

Notes: Looking to take a position if the candle crosses either of the two levels as marked - Bullish if above 203.5 and bearish if below 202.2 Bearish break might give a 1% move further down as the next support is at 200. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you...

the_consolidation_guy Updated 

Notes: Airtel has been playing around the support zones for quite some days now. Expect a decent breakdown if it closes below 520. Aggressive traders might also make use of the break below 524 since its a really strong level for the scrip. Can only confirm an upward break if it crosses the previous swing high, Please note - Not a SEBI Registered...

the_consolidation_guy Updated 

Notes: Very steel falling wedge pattern. Since the pattern is a bullish setup, any close above the trendlines might take it upto the level marked in green. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.

the_consolidation_guy

Notes: Looking forward to a break on either side (although I'm biased towards a bullish break) if the candle closes above 2505 or below 2450. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.

the_consolidation_guy Updated 

Notes: Been in a horizontal channel since 1st Feb 2021 (1260 - 1535). This is the 4th testing of the top wall of the channel. That too, the gap between 3rd and 4th testing is just a few days as opposed to the others which were a few weeks apart. If the resistance zone (1510-1535 almost 2%) is broken, we could expect to see fresh highs. Please note...

the_consolidation_guy Updated 

Notes: The scrip has been in a pretty tight range of 1% for the past 2 days. Today. after an early attempt at breaking the the upper wall, the stock fell into an even tighter consolidation of 0.5%. Expecting a breakout in either direction. Aggressive traders may also consider the inner channel it traded today to take positions. Safe traders could wait for...

the_consolidation_guy Updated 

Notes: Might look at taking a long position both within (Since I think it might consolidate a few candles inside the zone before breaking out) and outside the resistance zone. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.

the_consolidation_guy Updated 

Notes: Yet another 1% consolidation scrip. The top of the consolidation (766.5) also happens to be a significant level according to historical price patterns. Could be one of the scrips that help BankNifty hit the target. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you...

the_consolidation_guy Updated 

Notes: Looking to confirm an upward breakout if the candle closes above 550. In case it doesn't breakout as expected, might take up a counter position at the lower level. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.

the_consolidation_guy Updated 

Notes: Looking forward to a long position beyond the resistance range right above the pattern, In case that fails, I might look at an alternative short position with the final target around 1.5% from the breakdown levels. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you...

the_consolidation_guy Updated 

Notes: BankNifty seems to be forming a descending broadening pattern. Statistically (Taking Thomas N Bulkowskis book as a reference) an upper breakout is preceded by a partial decline (as in this case) around 87% of the time. Target in case of a breakout on the upper side would be the top of the pattern which is 35650. Please note - Not a SEBI...

the_consolidation_guy Updated 

Notes: I'm looking at confirming breakout above 1006.5. Wouldn't actually recommend to safe/conservative traders, since its taking a position inside the resistance zone right above.

the_consolidation_guy Updated 

Notes: Head and shoulder pattern can be confirmed to breakdown below 613.5 levels. Although it would still be a risky trade since there exists multiple support zones and could be a pretty slow catch if it does break. A tight SL is recommended. Target could be 1% or 607 and if lucky, can try aiming for 600 too. Please note - Not a SEBI Registered...

the_consolidation_guy Updated 

Notes: Should see a further up-move if the next candle manages to close above 2094 levels. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.