An inverse 'Head and Shoulder' pattern on display. The stock is also moving in a 'Parallel Channel'. A breakout above the neckline would take the stock to 50 which is a 21% gain.. RSi at 66 also looks positive to support the momentum. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express...
JMIA is currently testing its previous trendline as support( green line ). The candle pattern and standard deviation pertaining to strength of move in relation to volume, indicates that a base has been formed above the previous resistance. If the price action is able to break the current resistance( blue line ) formed within the move above the previous...
Call it a VCP or a Cup and Handle Breakout. Golden Cross just happened on Daily Chart. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and...
Coming out of a VCP or a cup and handle pattern. Awaiting a breakout. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it...
Having crossed a few resistances , the stock is on song riding the channel beautifully. One can enter even at current market price for a target of 174. As long as the price doesn't break the lower side of the channel ( orange line) , there isn't any threat.
Reliance RSI has approached nearly the COVID bottom. It had bounced up over 1200pts when it reached these levels the last time. If buyers step in, we may see a new base being formed. The stock has been a favourite for investors so far as it's given short-term returns that midcaps & small-caps can only dream of. In fact, it was one of the fastest recoveries from...
ZS has been behaving well inside the uptrend channel drawn. When we touch the upper part of the channel, we see a pullback to the lower segment line. RSI analysis suggests, we have difficulty going above the 70 level, however, the chart remains bullish whenever the RSI has been over the 43 RSI. A break below 40 in the RSI would be short-term bearish. ----->...
Expecting the Nasdaq to pullback to the 50-61.8% area then start an impulsive move higher which could potentially take us into the elections especially if we get some stimulus. 50 point risk is a great opportunity. Double Gartley patterns.
Aurora Cannabis (ACB) closed at $6.98 on Sept 11, meeting 2 previous support Lows. Fibonacci ratios and Elliot Waves on this chart fit quite nicely. Key points for a BULLish trend over the next 6 months: Key Support met again. History tells us a breakout may be on the horizon. Declining volume on the downward trade indicates a possibility for a breakout...
CMP 44.2 The last time I drew my lines, I had disregarded the low on 1st June of 34.2 due to which my stop loss was hit. The revised base line in the Ascending Triangle shows that the support was was actually not breached. However, Stop loss is our best friend at nervous points. Falling is alright but to be a winner one should accept the mistake and move on with...
CMP 47 Chart is self explanatory. Price is above all leading MA except 200 DMA. Breakout is expected soon from a inverted Head and Shoulder Pattern. MACD is positive too. Keep an SL at 44 ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we...
Self Explanatory. Breakout after 3 VCP's and with huge volume. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would...
CMP 219 There were 2 failed attempts at the breakout around 250. A tilted inverse Head and Shoulder pattern is formed. With today's candle , the top points are also in sync forming a trend line and the price seems to be breaking out tomorrow (28/08/2020). Watch out! MACD also looks supportive of the move. ***** Help Me to Help Us. I believe in keeping the...
Simple chart based on price action. A parallel channel within another channel. Breakout from the inside channel. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if...
After 5 unsuccessful attempts, finally a breakout suggests the stock is ready for a fresh rally. The last days candle did a retest and also closed well above which indicates strength. Enter on any dips if available. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement &...
Looks like the retracement is complete however, even if it retraces a little more keep a close watch and enter on any dips available. Looks promising for the medium term. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn...
This chart is made at the request of @Santosh7856. CMP 143 Even though the stock has finally broken the resistance of the recent ascending parallel channel which is a great sign, the stock still faces 2 resistances from long descending parallel channels i.e from September 2016 and June 2018. The catch here is the stock looks positive and is supported by MACD as...