W-pattern
SOL Eyes 40% Surge: Strong Technical PatternsKey Observations:
1. All-Time High (ATH): Marked at 259.59, indicating a significant resistance level.
2. Bullish Patterns Identified:
• Higher High (HH) and Higher Low (HL) Structure:
• This indicates a bullish market structure where price is making consistent higher highs and higher lows.
• Fair Value Gap (FVG):
• An imbalance or inefficiency in the price that could act as a magnet for price to revisit before continuation.
• Bullish Triangle Pattern:
• Suggests price consolidation with
NIFTY Pattern (POLE and Flag Pattern) 24900/243501. If Nifty successfully crosses the 24680/690 level then the coming targets will be 24855 and 24980 as per Pole and Flag pattern
2. But if it fails (POLE and Flag pattern Failed) and the Nifty breaks below 24590/570, then the coming targets will be 24370 and 24280.
Advice:
1. If you are doing future then take the option as hedge.
2. If you are doing Option selling, take option buying as hedge.
3. Naked option buyers please take both CALL and PUT for safer side.(So, your total will be more th
NMDC has announced bonus share and stock has given breakoutHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought another stock which has given breakout of falling trendline on the news of bonus share announcement. Stock is technically and fundamentally good company. I am expecting 30-35% rally in this. Stock is ready to fly in blue sky. NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power.
A Navratna
GRSE: Approaching Breakout from Consolidation with Bullish SetupThe stock has been in a strong upward trend, forming a peak on July 5, 2024, followed by a consolidation phase characterized by a lower low, lower high structure.
Key Observations:
A) Counter Trendline (Green Line):
I’ve drawn a counter-trend line representing the main setup to watch. A potential breakout from this line could signal a strong bullish continuation.
B) Hidden Parallel Channel (Pink Lines):
The stock was previously moving within a hidden parallel channel, with the upper pink line
Zomato-Is it investment worthy now?This is an idea of one of the most famous listed new age company, Zomato
The stock had listed at 2x of issue price(around 70) and later on went to about 50% of issue price and now again standing at 2x of issue price.
What an amazing rounding bottom pattern!
This kind of breakouts are very powerful to give multibagger returns.
Keep in watchlist. Best buy range is 125-130
ZLong























