varadtambolkar

varadtambolkar

Simple Trend continuation Pattern. Retesting of pattern is still pending. Location of pattern is important. Continuation pattern must be preceded by a up trend. Pattern if formed at near high levels, works out very well.

varadtambolkar

Simple trend reversal pattern identification. Pattern preceded by Down trend Pattern location is very important for pattern to workout. here pattern is formed exactly at the breakout level. So chances of pattern to work out. Never follow patterns in isolation, combine other things with it. Breakout candle is having a wick, so have a cautious approach. Check...

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All observations on chart. Stock is in bear market for many years. It formed a double bottom pattern, gave breakout with volumes & now there is a strong pullback. Double bottom is trend reversal pattern preceded by down move. After pattern breakout trend reverses to up-move. Location of pattern is important, such patterns workout superbly when such pattern is...

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For almost 2 years stock is stuck in marked range. This accumulation is preceded by downward move. Hence we can conclude that it is accumalation phase. Volumes also increased durin this consolidation. Stock exactly blunced from the earlier breakout levek of 134 from where kt gave multifold returns. Expecting a consolidation breakout. Longer the consolidation...

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IRCTC is taking support at rising trend line multiple times. Ascending triangle is clearly visible. This pattern gives smooth move on upside. Similarly Descending triangle gives smooth move in downside. Currently IRCTC is moving in narrow range ( marked by dotted line ) either side break. If it breaks on downside that will mark a lower high and new Lower low...

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As you can see Nifty is moving in a range. In previous idea I showed how to trade range ( Link attached ) If you look at line chart of nifty from all time high nifty use to make lower low on line chart. Since later march nifty has not made a new low on line chart, Thus moving in range. In fact Nifty made a high Low as marked on chart. This makes my view sightly...

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Last few weeks it was moving in narrow range at the Lower trend line of the ascending traingle. It touched the lower trend line gave narrow ramge break with volumes. Ascending Triangle breakout is still awaited. Based on range break, can enter in parts here. Range break Not a recommendation For educational purpose

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BPCL is forming ascending Triangle. It's Interesting to see the rejections at the resistance level marked by red arrows, because those 2 candle show strong reversal with upper wicks and short bodies , following by big down move. The Trend line is acting as a good support since March 2020 fall. It's been tested multiple times, that's why I mentioned slightly...

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Stock is consolidating in a narrow range. All chemical stocks have moved, move is pending here. Formed a morning star pattern on lower end of the range. Volumes have picked up. Higher High Higher Low formation visible on larger charts

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This Idea is my Bank of Baroda Positional Trade in diwali. Posting this because I got one query for my Recent BHEL Idea, where I've used similar Technique. As you can see 57 level marked with blue line is the level from where stock gave breakout twice, 2007 & 2009. it was a strong Resistance back then. In 2007 it moved from 54 to 92 In 2009 it moved from 54...

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1.5 month range formed. Yesterday tried to get out of it but failed. Still hovering at the higher end of the range. Even can give good intraday day move. Mother/master candle strategy on weekly.

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All observations on chart. On weekly chart Hind zinc is making higher high higher low formation. Just below the all time high stock is consolidating. longer the consolidation more powerful is the breakout. Inside Bars Are formed Just before a breakout. Inside bar means one low volume small red candle is formed between big green candles and also opposite of this...

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Wait for breakout. simple Ascending triangle Pattern. 15 min time frame. Range Contraction Arrow ( 1 ) : 6.94% swing Arrow ( 2 ) : 3.46% swing Arrow ( 3 ) : 2.44% swing Arrow ( 4 ) : 1.64% swing This Range contraction will be followed by one big move.

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All observations on charts. Stock continuously making higher high higher lows. Good healthy uptrend preceding the consolidation. Entry for safe traders as marked on chart. Entry for aggressive/breakout traders till it sustains above dotted line at 3145. Cup and handle is also forming. Check below. Not good at trading pattern & I don't trade it either. haha!

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Stock formed a range marked by yellow box. There is a breakout with volumes after consolidation Stock should be near all time high. No indicator, Pattern, Fibonacci numbers, crossovers etc. Required. Find stocks at or near all time high, Mark the range, enter on breakout. Simple! Larger time frame view.

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All observations on chart. All sugar stocks are zooming. Uttam sugar has formed a large falling wegde, bullish pattern. After breaking out stock is sideways for almost 4+ months with increased volumes, this shows accumulation is going on. Expecting a breakout soon here. Entry will trigger above 116. RR is more than 1:1. To make it more favorable one can enter...

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IT index within a year doubled from march 20 fall without any meaningful correction. As wee can see big red candles ( marked with white arrows ) absorbing up moves in short time, i.e time required for up move is more than time required for down move. To put in simple terms these few bid red candles absorb more green candles. After such move sector rotation is...

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Stock consolidating since 9 months. longer is the consolidation more powerful is the breakout. since stock is up today 10% buy only partial qty wait for dip till 400 or wait for range break and enter on testing. All other observations on chart. Many times I have covered range & consolidation breakouts. Advantages 1. Stop losses are low. 2. Kicking out by...