Wait for range break. Expect 3 to 4 % intraday move after the range break. 6 inside bars with dry volumes. Narrow range movement. Good intraday possible.
Place stop loss below consolidation range near 1270. Target based on next immediate resistance.
Symmetrical Triangle Breakout with volumes. Currently giving a retracement. SL near 540 Target 696/820 Risk only 10% RR more than 1:1
Either Side breakout possible. (most probable breakout on upside based on moving averages) Potential targets marked with green lines. SL will be low of breakout candle. Targets based on support resistance and not pattern based.
Understanding the overall structure. :- Here it is simple higher high higher low structure. Stock currently above previous higher high. How to Set Targets using Fibonacci extensions. First Identify the swing. here it is 308 to 1389. then place Fibonacci tool. After placing look at 38.2% 50% 61.8% levels if the stock has faced major resistance or support or...
Moving in a narrow range just below resistance. Target 5534 SL 5314 book part at breakout, make trade risk free after breakout. Review your position at 5534 i move is strong keep trailing.
Simple consolidation Interesting thing is stock is entering into expansion mode. Look at the size of candles in black box & compare it with the previous sizes of candles. Size is getting bigger & bigger. Volume activity also favorable Expecting a breakout soon. SL at 190-195.
Simple consolidation breakout. Larger the consolidation powerful is the move. Pullback given will be trendy stock above swing high. Simple analysis. View negates below 570 Multiple trades complete. Breakout trade also done. but was unable to make a post. Calculate targets as per Fibonacci extension.
Bank nifty is stuck in a range. either side break can trigger a sharp move. on weekly & Monthly chart it is still positive. Below is weekly chart. As it is still above 20 SMA view is positive. Risk Traders can go long here as Bank nifty is available at lower end of the range by keeping stop loss ( day low ) below the lower end of the range & today there is a...
Use this dip to add longs. Simple Range break. New swing high expected soon. Ready for range break on daily. Smaller candles: Contraction Phase. ( Sideways move ) Big Candles : Expansion phase. ( Trendy move ) Expect a breakout soon. Looking at risk, Breakout trade can be attempted. Simple swing high swing low method based on price volume movement. No need...
Daily structure. Narrow range & inside bars with lower volumes. Simple consolidation & breakout in first 15 min itself. Identified around 9.30 AM to 9.45 AM. First mistake is entry away form moving average at 3077 Ideal is to enter near moving averages to get good risk reward & chances of stop loss triggering are less. First target was around 3150 to...
Clear Ascending triangle visible. Stock in continuous uptrend. Higher high higher low structure intact. Pattern Preceded by such healthy uptrend increases the probability of breakout and pattern to work out. There 2 strong hammers at the trend line. Indicating a good support on trend line. Set up is invalid below the low of the hammers. SL level 830. Risk...
Falling wedge pattern ( black lines ) breakout. The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain different market conditions which must be taken into consideration. The differentiating factor that separates the...
Accumulation: Wyckoff Events PS—preliminary support , where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. SC—selling climax , the point at which widening spread and selling pressure usually climaxes and heavy or...
Same as goa carbon, Phillips carbon is also readying for a breakout. Rounding bottom pattern complete. This pattern is being formed for 2 years. So breakout move will be of good intensity. Increased volumes when stock is consolidating at neckline of the rounding bottom.
Clear Flag breakout. Mother candle/ Master Candle/ Inside Bars as marked. Stock trading near life highs, when starts to sustain above life highs. Expect a great momentum going ahead. SL below the low of mother candle as marked. Low risk set up.
Range breakout awaited. Most probably the range breakout will be on upside. Keep SL on the low of the breakout candle.
NCC is forming a ascending triangle on weekly charts. Stock available at lower trend line. Low risk enter point. SL near 77 on weekly close basis. around 15 % risk. Targets mentioned on chart based on resistances. Check IRCTC chart below. Same logic applied here.