trendtrader06

trendtrader06 Updated 

Emerges strong amidst falling day VCP pattern on weekly On daily charts breaking out of range after minor shakeout Strong relative performance on both weekly and daily charts CMF also giving trendline breakout Tgt can be 1R with 265 as SL

trendtrader06 Updated 

Weekly and daily strong RS Daily trend line break Price taking support from weekly 8ema Long at 3810 sl 3586 tgt 4070

trendtrader06

though weekly charts are in an uptrend, prices took resistance from weekly VAH of massive fall in the stock on daily charts it has formed Head & Shoulders pattern RS has became negative RSI below 40 can be shorted at 2874.65 with SL above 3000 on closing basis Volumes are also strong on breakdown

trendtrader06

Strong Weekly charts, with price contraction Weekly RS is also strong Daily charts, AWVAP from high volume fall is also crossed comfortably and is raising RSI has given breakout and sustaining above 60 Momentum score positive and raising A narrow range is formed at ATH buy at breakout of 1175.80 with today's low as SL View negated below today's low

trendtrader06 Updated 

Price breaks trendline and retests previous resistance and gives a breakout High Volumes in recent up move shows decent accumulation RSI greater than 60 RS almost about to cross to positive Can be bought with 2245.60 SL

trendtrader06

Weekly strong trend took support from 9 ema Daily charts have a narrow range breakout with today's lows retesting range lows 8800 which can be used as stoploss momentum turning positive RSI > 60 RS is strong Volume contraction is visible on falling days can easily hit 9400

trendtrader06

Weekly charts are very strong on Daily charts multiple rejections at 2400 level followed by Bearish Engulf has cause weakness Expected pattern tgt is 2257 though being short is risky as larger trend is bullish Buy above 2352.64 for raiding bullish trend lower term supports are 2222.915 and 2148.990

trendtrader06

On weekly charts nifty looks to be stuck into a flag pattern A decisive break on either side is needed for some good move On daily timeframe 22794.7 which is high of bearish engulf right at breakout zone will provide strong resistance on downside first support will come from Bullish Engulf's low which is 22305.25

trendtrader06

Big fall after listing, Anchored VWAP plotted from listing is comfortably taken out with high volume Accumulation On right side of chart VCP breakout with volume contraction during fall Listing day high will be first tgt and from there it can be trailed

trendtrader06

Trendline breakout on daily chart Price taking support on 9 week EMA Weekly RS Strong Daily RS like Breaking out Range and Volume contraction on right side with a shakeout Long with SL 1307 1st Tgt should be 1R and next can be 1424 approx

trendtrader06 Updated 

We can see volatility getting contracted as corrections are getting smaller and smaller There was a high volume rejection from super trend but that candle is been negated now Super trend turning positive Relative Strength is positive RSI breaking trendline and crossing 60 can be traded with 274.4 SL

trendtrader06

Page short at 34784 Price attempted to breakout but fell back under SuperTrend Weak RS on daily and weekly charts Price failed to break 200 ema on weekly chart RSI trendline break Can be traded for 1R

trendtrader06

Prices took support from weekly 21 ema Weekly RS is also strong On daily chart strong volume breakout of ST and then relatively low volume pullback and then another strong volume breakout Daily RS is week thus it should be traded at lower qty

trendtrader06

Biocon long term cash trade Long term trend breakout RS turning positive Strong weekly volume breakout RSI crossing 60 Breaking 52w high One can Trade with SL of 244

trendtrader06

Index is still consolidating in raising wedge pattern But RSI is giving divergence which hints towards limited bullishness If raising wedge is broken broken on upside with RSI trendline breakout it would bring strong rally

trendtrader06 Updated 

Raising RS on Weekly and Daily 50DC break along with RS line Breakout can bring Amazing Momentum SL 143 1st Tgt 159.7

trendtrader06 Updated 

Breaking 7 days range with above average volumes CMF and RS also giving trendline Breakouts Minor shakeout when stock broke 116.9 ST also turning to Buy

trendtrader06 Updated 

From a very narrow range price gave a breakout on the upside on above avg volume Did not sustain above resistance from previous swing low Price fell after fake breakout and now below both short term and long term moving avg also below previous narrow range can target 1R towards 2150 as market breadth is still not negative