All observations noted on chart. Expecting a good move here. Not a trading bet , Looking on a long time horizon.
Flag Pattern breakout as shown on chart. This is a bullish pattern. Target is height of the pole in pure theoretical terms. Idea published just tot identify the Pattern
All Logic Explained on chart. Stock is consolidating since early July, Longer the consolidation Powerful is the Breakout. Similar Price movement to Whirlpool Not a Trade Recommendation, Please Do your own analysis.
Refer earlier Idea published.
All observations noted on chart. This stock is moving from consolidation to consolidation There is wedge pattern also visible, please check the attached link View neagtes below 450 to 480 on monthly close basis Please note view is for long term. Always try to buy near the lower trend line.
Energy Sector looks ready to breakout, not performed since 2018 All logic on charts. If you consider candles from dotted line to current line it is forming a Ascending Triangle. If you consider candles from All time high levels it is a Wedge pattern. So ascending triangle and Large body candle of weekly close indicate a upside breakout.
All logic explained on chart. check link to previous BPCL daily chart.
Simple Wedge pattern. Volumes are picking up since few days. Trend line is on weekly basis so you may see trend line passing through candles, but doesn't matter much as neither candle closed above it. Always remember whenever you side a significant upper wick to the breakout candle, trade in light quantities or can even avoid as chances of fakeout...
Over few weeks price and volume of TATA Motors is showing signs of bottoming out. It is trading above 200 EMA on daily time time frame comfortably since Nov 2019, but at that time it failed to reverse the trend. Last it was in May 2016 that stock reversed the downward trend. Targets and stop loss mentioned on chart. On monthly chart it is trading in falling...
All Logic Explained on chart. Expecting a good intraday move. Looks good for positional on weekly and monthly charts too. Will post after weekly close.
All observations provided on chart. Please Refer Grindwell Norton Idea For explanation on how to identify stocks ready for breakout.
Maruti gave breakout from megafone pattern on weekly charts with good volumes. After weeks of consolidating & testing , this week it showing some good signs of continuation of up move. On weekly charts stock made Higher high after 2018 fall. If it cross 7800 level market, higher high higher low formation will start
For intraday Traders keeps eyes above 882 level. Good intraday trade possible from 882 to 910 levels. Analyize the price movement and trade accordingly. Not a Trade Recomendation nor a Tip
Stock has built a base around 4900 to 5100. Breakout already done. Testing of breakout also complete Good volumes for last 5 days. Fibonacci extension shows 6400 level in short term. Not a trade recommendation!
Check the attached link. After giving a good run up from 1300 levels Stocks is consolidating above previous all time high. Whenever it breaks the box it will give a sharp move. As the stock is trading in lower half of the box. RR is favorable. Good volume activity in last few days, strong green bodied candles with volumes in last few days. View negates below...
Targets calcculated as per fibonacci levels. Stop loss based on weekly close basis This is not a recomendation. Just of edcuational purpose.
Inside bars are formed before a Sharp move. They work when it is formed near strong resistance for upside and strong support for downside. In this case it is formed near all time high. This is weekly chart. Should wait for next day close
Larger the consolidation, more powerful is the breakout. All logic explained on chart For traders First Target 2500 Stop loss 1975 to 2000 on daily close basis