Rectangle
ANDHRA PAPER READY TO PRINT MONEYPATTERN - the stock has formed a year long consolidated rectangle which just follows range bound trend . the stock is ready for potential rally with unprecedented volumes.
TARGET - for time being the stock can rally till 500 levels in no time and furthermore if it penetrates the resistance it can returns till 620
FUNDAMENTALS - The company is owned by west coast paper which itself is a excellent company the profits and OPM of andhra paper are highest ever which compells more confidence in the
Significant breakout in BHARAT FORG.Good evening guys! Here is the analysis Of Bharat forge.
>>It's a neat and clean rectangle pattern breakout in Bharat Forge.
>>As we can see from the weekly time frame, it has been forming a strong resistance and support for the past two years.
>>Today, it has given a breakout because Q1 earnings were released, and the company has performed remarkably well. The company is witnessing its highest sales ever, and its fundamentals seem promising.
>>Now, talking about the breakout, even after
Swingtrade in CESC.Over the past 14 years, the price has been moving within a rectangular channel pattern. It goes up and then comes back down to a support level, creating a significant demand and supply zone.
Currently price trading at 25% down from its all time peek. As visible price has formed another parallel channel pattern inside the bigger pattern. It seems all set to give a breakout in daily timeframe.
If the price breaks out with high trading volume and stays above the line, it's a good signal to start
Bharat Forge Cmp 898 Rectangle BO, RSI BO, HLBharat Forge Cmp 898 date 27-7-2023
1. Rectangle Consolidation BO above 920.
2. RSI already had BO
3. Higher Lows
Buy above 900 target 920-950-980-1000-1025-1050-1080 SL 850
News:
Bharat Forge granted approval to participate in
potential defence programs in future.
The auto components maker also said that it has
been granted a license for small arms and
ammunition by the Ministry of Home Affairs under
Arms Rules, 2016.
It is just a view, please trade at yo
A remarkable breakout in Escorts KubotaWelcome back! This time, we will analyze our third breakout stock, which is Escorts Kubota.
Chart is Pretty self-Explanatory so we are going keep it short. Here are some pointers.
>>Escorts has spent the past two years consolidating within a bullish parallel channel.
>>Today, it experienced a notable breakout, suggesting potential for a substantial upward movement.
>> In terms of fundamentals, the company is achieving its highest-ever sales and profits.
>>Also the promoters have doubled t
Huge breakout in Morganite crucible.Hello Smart traders Hope you are doing exceptionally well in you Trading journey.
This time we will discuss about another beautiful breakout stock Morganite Crucible (India) Ltd.
Technical-
Morganite Crucible (India) Ltd has shown a rectangle channel pattern breakout. It spent six years in a consolidating phase. During this time, it consistently tested its resistance level, moving back to its strong support. Recently, it retested its resistance once again, undergoing a pullback. However, this
BOMDYEING- Rounding Bottom PatternBreakout Chart
NSE:BOMDYEING 131.5
1. Long Consolidation between the strong rectangle pattern with time frame of 5 Years
2. Breakout at 140 level in the chart
3. If price is able to break the 140 level we will have strong breakout and this will lead price towards the 200-240++ levels
4. If price is not able to break the resistance level we can see some more consolidation between the recent range 140 to 90 levels
#TechnicalAnalysiswithMrChartist
Remarkable Breakout in MPS LTD.Good morning Guys! Here is a potential trade set up for next week.
Providing you some pointers for MPS LTD.
>>MPS Ltd experienced a beautiful breakout from a well-defined rectangle pattern last week
>> As we see in a daily timeframe, it was religiously following a rectangular pattern since more than 1 year, it is more like a broadening rectangular pattern.
>> After witnessing breakout it has retraced back to its breakout zone and again bounced back as bulls got activated, it seems lot o
Nifty 50 Nifty 50 important level for intraday on 15 min TF for 02/08/2023.
Wait for the breakout of the box on 15 min and enter with reduced quantity till the closing of hourly candle out of the box. Once hourly candle closes out of the box then we can enter after pullback confirmation on lower timeframes.























