Technically the stock looks good. There are multiple confirmations for the same. The reasons are stated below :
stock is in a uptrend and corrected till the 0.618 zone (golden zone)
50EMA support in daily TF
created a 'W' pattern
a strong bullish engulfing candle on a crucial zone (engulfed 4 daily candles)
Stock could easily move unto 193-198.65 levels...
RAILTEL recently gave very good returns and took a small break from bullish view.
I think the first down leg is over and new leg is going to take place .
the present target will be the recent high as resistance.
stop loss at 209
CONFIPET making triangular pattern still in consolidation channel
best entry point is point D range for long term investment .
As fundamentals of stock is weak the scrip cant be a multi bagger but can promise good returns when invested with TA.
SensexIntraday levels valid for September 2nd 2023. Levels Works Perfect on 5 Min Timeframe, All The Best. Follow these levels strictly on 5 min TF. Buy Above 19914 & Sell Below 19845.
Will it break high level support 📌 to reach new high in powe sector
Or it get rejected to white 🐻❄️ line 📌 below box 😂 huge crash
Let's watch 👀 stay with me 😉 i will update it 😜
Boost 🚀 post so u get updated on post when I am updating everything
the general rule for raising wedges give some price drops ,looking into the pattern it is imminent a drop can take place in coming days..
Rsi is making divergence ,wrt price and volumes are exhausted.
Indoco remedies gave good breakout with rsi convergence signal as double confirmation.
can reach 420 as per the rule. Below 300 can be bearish reversal.
breakout with good volumes, everything explained on chart.
like and follow for more breakout patterns and investing ideas//thank you.
NSE:BSE
Performance: BSE LTD's performance in the market has been stable with significant growth in its key business segments.
Market Dominance: BSE LTD continues to dominate as one of the leading stock exchanges in India, dealing with a wide array of asset classes.
Technological Advancements: BSE LTD has made significant technological advancements to provide...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
The target in this case is the size of the cup.
The only problem that I see here is that a Cup & Handle is a continuation pattern!
But, here, we're looking for a reversal!
JM Financial is forming a Symmetrical Triangle and has also given Breakout.
Entry is at 85.50
Target is 192.30
Stop Loss is at 60.50
(Note:- This View is purely based on Technical Analysis and is for educational purposes only, please consult with your financial advisor before taking any trade).
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
