the_consolidation_guy

the_consolidation_guy Updated 

Notes: Possible confirmation of bullish break if the candle closes above 555. 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: The stock has been in a symmetric triangle ever since its listing in 2007. Possible trading ideas are 1) Wait for a breakout and trade in cash (long if candle closes above 137.5, short if it closes below 70.5) 2) Intra-formation trades, derivatives or cash (Go short, scrip bounces off the top trendline and long if it bounces off the bottom...

the_consolidation_guy Updated 

OK for starters, Yes I know its ITC lol I might look at confirming break if the daily candle closes above 207.5

the_consolidation_guy Updated 

Notes: 420-425 has been a long term resistance for the scrip. The scrip has previously defined this range to be crucial through multiple rejections (as highlighted). The most recent candle could be a pullback. Will have to wait for the confirmation candle to confirm it. Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational...

the_consolidation_guy Updated 

Notes Testing crucial levels closely. Open for a long position if the candle closes above 1465-1470 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 

NSE:CUMMINSIND Notes : Descending Parallel channel started around 17th March To be on the safe side, I would confirm breakout only if the most recent swing high is crossed (at 858). However, for intraday, the immediate target after breaking the channel can be kept at the same level. Please note - Not a SEBI Registered Advisor/Analyst. Only for...

the_consolidation_guy Updated 

Notes Been in a very tight channel consolidation since 1st of June (797-820). Could give a good move on breaking either of these levels. Both long and short term MAs are currently converging which is further decreasing the range of movement within the channel. Volumes are also declining during the consolidation. Please note - Not a SEBI Registered...

the_consolidation_guy Updated 

Notes: Can confirm a breakout above 294 (Previous swing high and a short term resistance. 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 

NSE:CHOLAFIN Notes: Consolidation into both triangle patters started April 12th. A breakout can be confirmed if the day candle manages to close above 588. 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: Can confirm a breakout above 254 (or a breakdown below 238). 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: Cup and Handle formation started on 2nd March. The latest candle (formed on 9/6/2021) showed a strong breakout from a channel consolidation in the handle part. It also broke and closed above the top end of the cup. Could expect a retest/consolidation of the top of the cup before resuming any upward move (since the breakout was not supported by a...

the_consolidation_guy Updated 

Notes Been in a channel since August last year. The top level has been tested 4 times before the latest candle (11th June) Currently in the resistance zone since it closed above 5420 with decent volumes and candle strength. Hoping it will continue this momentum and close above 5505 to make fresh highs. Please note - Not a SEBI Registered...

the_consolidation_guy Updated 

Notes: Been in a channel since 4th Feb. Currently hugging the resistance zone around 3212 (Only cause for concern is the set of small body candles with a bearish bias). 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 

Possible flag consolidation in PidilitInd after a steep rise. 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: Indigo has been trading in a channel since the 10th of November 2020 (1500-1790) possibly due to COVID and the near term outlook of the industry being a factor. However, since the last week of April, its been in a steady uptrend, and is now back at the top of the channel (1785-1830 almost a 2.5% zone) Owing to the long consolidation period and...

the_consolidation_guy Updated 

Trying my luck in setting targets and SL for swings. Notes: NSE:HDFCAMC has been in a descending channel since the start of this year. This is the 3rd testing of the top channel and the candles are yet to show a clear rejection with a string shadow which would mean a bullish breakout is still an option. If it does break, I guess a retesting of the top...

the_consolidation_guy Updated 

Notes: HDFC has been in an inclined channel since the first week of May It is now at a critical resistance 2583-2640 (Almost a 2% zone) Last time the level was tested, it resulted in a strong rejection candle (March 31st and 29th April) The latest candle (almost a marubozo ) shows more confidence for a bullish break. Please note - Not a SEBI...

the_consolidation_guy Updated 

After the close of today's session (31/05/2021), Multiple bank scrips in NIFTY seems to be hovering around a defined resistance zone. KotakBank seems to be one of them. Notes: - The Scrip has been consolidating heavily since 24th March 2021 between 1691 and 1815. - The points where the scrip previously tested the ranges are highlighted and you can see the...