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anandlive

CMP 2530 on 29.05.24 It can be seen on the charts that the price has reversed many times from the trendline in the last around 2 years. If the pattern continues, may go bullish again. The risk-reward ratio is quite good at this level. This setup fails if the price sustains below 2475. Targets will be 3000 or even more. This is only for learning and sharing...

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CMP 3658 on 29.04.24 The chart explains the support and resistance areas in recent sessions. According to the scenario, if the stock does not sustain above 3730, may go weak in the next few sessions. One should sell between 3650-3700. Targets are mentioned on the charts. This setup fails if the price sustains above 3730-50. One has to plan the position size and...

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CMP 1817 on 02.05.24 The stock price has tried several times in the last 12 months to cross the resistance levels around 1800. This time consolidating near the zone. If crosses this time, may go to 2250. One has to choose the position sizing carefully, keeping the risk management or exit in mind. This is only for learning and sharing purposes, not a trading...

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It can be clearly seen that the stock price has been moving in a rising parallel channel for the last two months. If the pattern continues, the price may go to 1380/1420/1450. This setup fails if the price remains below 1300 levels. The above illustration is only my view. Only for learning and sharing purposes, not a piece of trading advice in any form . All the best.

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CMP 1349.30 The stock is showing reversal signs in the last few sessions. The logics are indicated on the charts. MACD is also showing reversal signs even on weekly charts. Above all, the risk-reward is pretty good at this point. If gains momentum over 1350, targets may be 1460/1550/1640. If sustains below 1300, that will show weakness on the charts. One has to...

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The stock has taken a support again on the trendline shown on the charts. and given a reversal. If momentum begins on the upside, this can be a good positional trade with a good risk reward. All levels are mentioned on the charts. This illustration is only my view, not a piece of trading advice in any form. This is only for learning and sharing purposes. All the best.

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The stock is forming a rising wedge pattern on the daily chart. This time at the lowest edge of the wedge. If bounces back from these levels, a bullish run may be seen. Currently at 1475 around. One should exit if sustains below 1460 ( below the wedge formation). This illustration is only my point of view, for learning and sharing purposes, not a bit of trading...

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As you see on the charts, if the stock crosses 550 levels and sustains above, it can be considered as the breakout of the Cup & handle pattern. Also, the rising parallel channel will be giving scope for a further upside move. If does not cross 550 and not sustaining above, then this setup fails. This is only one view according to the chart patterns, there may be...

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It is clear from the chart that the stock price is traveling in a prominent channel, respecting support and resistance on both sides. If the momentum continues, may go to 500. Considering risk-reward is the first thing in any setup. one should exit below 440/430 depending on the position size and risk management. This is only for learning and sharing purposes,...

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For the past 12 months, the stock has been moving in a rising parallel channel. This moment rests at the lowest edge of the channel. If takes support and bounces back, there may be a bullish phase. Possible early targets may be 2600/2700. The setup fails if the price trades below 2340 ( below the channel). This is only for learning and sharing purposes, not a...

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The stock price has been coming down in one month from 7800 to 6600. This time consolidating at lower levels, and support also can be seen on the charts. If bounces back from these levels, may go in an uptrend. Projected targets are indicated on the charts. If closes below 6520 for two days, may go weak according to this setup. The risk-reward ratio is good in...

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For the last 3 months, the stock has been trading in a range that is forming a downward parallel channel. This moment, just close to the upper side of the formation. If breaks the upper level and sustains, this could be a breakout of a parallel channel. Targets may be 3245/3440 or even more. The setup is with a good risk-reward ratio. The entry point should be...

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The stock price has doubled since June 2022. As per the chart, has been traveling in a rising parallel channel. This time resting at the upper edge. If the price is rejected here, there may be some correction time ahead. One has to decide the entry and exit levels very wisely. This illustration is for learning and sharing only. Not a piece of trading advice in...

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The chart shows the price is traveling in a descending parallel channel formation. This time reaching towards the upper levels of the channel. If rejected from the levels of 2044-2052, may be in a downtrend for further sessions. Possible targets are indicated on the charts. This illustration is my personal view only, for learning and sharing purposes, not a piece...

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It is clear from the setup that the price is at the lower edge of the rising parallel channel. If bounces back from these levels, there may be a bullish phase. Immediate support may be around 175. if sustains below 175, will be out of our setup. This illustration is only my view, not a trading advice in any form. Please conduct your research before taking any...

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The stock has been going down in recent sessions. Now indicating a possible reversal by forming a double bottom and increased volumes. The most important factor in this setup is the exit, if does not go in the desired direction. One should strictly follow the predetermined risk. If goes well, then the risk-reward ratio is quite good according to the projected...

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The stock is trading at lower prices if you see last month's movements. In the last few days, it formed a double bottom and again came down to lower levels. If reverses from these levels, a bull run may come. The risk-reward ratio is good at this point. 1. If we enter at 940 while considering the stop-loss at 860 - the loss will be 60 points. 2. If prices go in...

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The stock has been traveling in a wedge formation for the last two months. This time it is at the bottom. Can take a chance if bounces from here. The setup fails if sustains below the lower trendline of the wedge for 2 days. This is only for learning and sharing purposes. Not a piece of trading advice in any form. All the best.