No need of words. posting a four hour chart. See the last two candles. Volume. RSI. Stochastic. So to buy? (:=
HDFC breaking out. Crossed the trendline. Good volume last 2 days. Good bar. Small wick so far. Took support at 9EMA today and probably 9EMA crossing over 21 EMA yesterday gave us more conformation RSI and Stochastic as per rules.
United Spirits I have drawn in four hour chart to show how the candle is in last 2 hours of trading on 28Th August 2020. Good candle. Close above 9 and 21 EMA One 616 is crossed the we can expect 640 range. Good Volume Good risk : reward setup. Stochastic (both values need to be abobe 25 for me) just need to cross for a final conformation before we enter the trade.
Wait for 500. to cross. with volume. last 3 days volume decreasing. Resisting around 495 levels. Soon will break out. Note : Broke out yesterday.
Kotak Bank. Breaking out. Long consolidation. Broke out of box. First possible target 1550 range as marked by line. Stochastic and RSi are as per rules. ATR is still low. Also closed just above last 100 day price range. May explode this week.
Radico. Breaking out with volume. Closing at day hight. Cup handle breakout. Target 460 - 470. Stochastic and RSI
Looking for a simple trend line breakout for 12 to 15 Rs trade. 120 need to cross and candle to have body above trend line with a small tail on top.
Still waiting for a breakout as mentioned in chart. 640-650 is a must.
BAC Breaking out of Triangle. Buy above yesterday high 26.25 for a target 27.5 being a cluster resistance on left side from where the trend line is drawn. Due to recent purchases i am not taking volume into account
Notes in chart. Rectangle and Cup breakout
Suddenly i remember the song "How long has this been going on" For no reason. Probably conviction in the pattern Text book type. And still some refuse to buy on breakout. so i repeat "How long has this been going on" Jokes apart expect a good 12$ move on this stock based on height only. More shops getting open i expect stock to go up.
Symmetrical Triangle breakout. I will but above 132.5 for initial target 134 138 to 140 possible but $WMT being $WMT i do not expect it go there before results. RSI and Stochastic are go
SPOT broke out yesterday for a 280 -285 target. Sold today 50% at 264.5 Found a few resistances on left candles to got out 50%. So far looking good.
Ultratech formed a symmetrical Triangle. Breaking out today. But need volume conformation. Both RSI and Stochastic are as per rules. Also the breakout is at .618 in of the March fall. So wait for a full body candle and volume break before taking the trade.
Trend Intact. Retraced to 0.618 levels from swing high. Buy above yesterday for swing high. Since retraced to 0.618 it will form double top Volume above average Main point. Took support at 21day EMA
Broke out on 13th August with a good candle and volume. There is a wick on top. But it is less than 20% of body height. Closure was near Pivot. Awaiting for next candle for confirmation A full body candle with a short tail which could indicate uptrend Buy above 130.25. But due to long candle in day need to cross 13 August high. 1st Target 146.45 . If broken...
Buy above 211 for upper line as first target. 217 - 218 should be kept in mind for some time. Bullish Triangle breakout This is inside the bigger triangle. So may be an early entry. Gap was filled. Trend line respected. Now above 9 EMA and looking for a breakout. RSI and Stochastic as per rules. And ATR too is falling.
$ADBE 7Th August candle has more volume. Remaining red candles not much. For green candles not very high volume but on breakout day 18th August volume is more or less near average. Triangle breakout for possible 40$ move. I will enter around 464 for a 25$ move with 14Th August low as a stop loss (near 21 EMA) So in reality this is 1:1 trade. Not very great...