zenni_10

zenni_10 Updated 

On 1 hrly chart, There is breakout of triangle pattern There is good volume and sharp rise in ATR on breakout On higher time frame, the trend of the stock is also bullish SL = 587 tgt = 622

zenni_10 Updated 

A rectangle Pattern breakout is there on daily chart (shaded rectangle marked on chart) A head and shoulder breakout is there on 4 hrly chart (marked on chart) 1155.7 is an important resistance line , and has been broken (yellow horizontal line) On breakout, the vol is higher than average, and ATR is also higher than average Trade : Tgt 1246 = ,SL...

zenni_10 Updated 

Breakout through the resistance line (yellow line) is visible in M_M vol is higher than average on breakout ATR rose from 16.19 to 18.97 on breakout and rising since then Stochastic RSI shows entry into OB zone indicating momentum Keep SL below the low of the breakout candle SL = 1359 Tgt = 1550.5 ( RR Ratio is 1:1)

zenni_10 Updated 

There is a breakout seen through falling resistance trendline (yellow line) On Breakout there is a rise in ATR as well as good volume On a 4h chart , it also corresponds to pole and flag Overall volume of a couple of months indicates bullish momentum There is also bullish divergence in stochastic (marked by pink line on stochastic indicator) Tgt =144 Sl = 125.75

zenni_10 Updated 

On 2 hourly chart a Wedge Pattern has been formed On the breakdown candle there is high volume After the breakout ATR is rising There was restest of the wedge resistance Target and SL for a short term trade are marked on the chart The targets can be further increased Support and Resistance are marked on chart (white horizontal lines)

zenni_10 Updated 

On 30m chart , breakout is visible in tata steel On the breakout candle, Volume is higher than average and there is sudden rise in ATR The resistance trendline broken, is now acting as a support after the breakout Since this pattern is on 30m chart , we consider it a short term trade and keep low tgt of 115.6(green horizontal line) and SL of 112.25 (white...

zenni_10 Updated 

On 4 hrly chart a Wedge Breakout is visible Volume is high on the breakout candle Levels Around 7845 may be tested before upward move indicating sl (white horizontal line) Short Term Target is 8274.7 (yellow horizontal line), Targets can be increased further later , depending on the candle.

zenni_10 Updated 

On 1 hourly chart, There has been a breakout , of the resistance line (yellow line) the resistance has turned into support ATR is rising after the breakout On a 4hourly chart, double bottom is formed The next immediate support and resistance are marked (white horizontal lines) Target and SL for a short term trade are mentioned in the chart

zenni_10 Updated 

There has been a triangle pattern breakout in M_M Finance On Breakout Volume is higher than Average volume prevailing during the triangle formation. Tgt and SL are marked on the chart for Short term trade Tgt = 294 SL= 281 Immediate Resistance line is marked as horizontal white line

zenni_10 Updated 

Breakout on Torrent Pharma On daily chart most of the candle body is above the resistance line (yellow line) Stochastic crossing into OB zone indicating good momentum Volume on the bullish leg is higher than that during consolidation tgt and sl are marked on the chart

zenni_10 Updated 

Wait for breakout and confirmation Area around 2981 is resistance zone (price near resistance) Higher volumes on upward movements indicates possible breakout If breakout , tgt is 3218 and SL is 2813

zenni_10 Updated 

Falling Wedge Pattern breakout and retest Keep SL below Retest zone (demand zone) 1:1 trade

zenni_10 Updated 

Both sides possibility Wait for Breakout and confirmation In 4 hourly chart, H&S formation is also there, the yellow line acts as neckline There is decreasing ATR in the triangle Breakout should be accompanied with good volume, higher ATR and candle body should properly break through Immediate support and resistance lines are marked as horizontal white lines

zenni_10 Updated 

There is a rectangular pattern breakout Higher volume and increased ATR on breakout candle act as confirmation. Further Support and resistance are marked by horizontal lines. Tgt and SL are marked for a short term trade.

zenni_10

TCS is showing a W pattern Also there is breakout above the resistance line (previously support) (yellow) Upmove expected with a stop loss of 3216 Target is 3378 Targets could be further extended depending on the candle

zenni_10 Updated 

Area around 4288 is a strong support zone On 4 hourly chart it indicates breakout and currently at retest First target is 4277 Later higher targets can be set depending on candle stoploss is 4228.7

zenni_10 Updated 

On higher Time Frame ( daily / hourly chart ) there is rectangular channel breakout. On 15m chart there is Wedge shaped consolidation. Keep on radar for intraday , Wait for breakout and confirmation. It is Positive for positional trading also. Note: Breakout not valid during first 15 minutes, Avoid in case of gaps.

zenni_10 Updated 

Wait for breakout Support and resistance are marked