#DIVISLAB
Broken past the descending trendline along with the parallel range of support and resistance on a good volume note.

Sustenance above 5045 would bring in the targets of 5150 followed by 5250 in the short run.

#StockMarket #StocksToTrade

#ULTRACEMCO
Probable Bullish ABC
Keep sl 7299 on closing basis for 8996-10444
#AhmedabadNest #RelativeStrength #outperformance #investments #India

#ThomsonReutersCommodityIndex Need a weekly close above 222 for a BO and bigger rally to resume in #commodities

Jubilant Bhartia group gonna be one of the biggest group that has all the potential to overtake marketcaps of many other groups.

Listed
~ Jub Foodworks
~ Jub Pharmova
~ Jub Ingrevia
~ Jub Industries

May list in future
~ Jub Enpro
~ Jub Motorworks
~ Jub Consumer

WatchOut !!

SEQUENT 🐕💊 Annual Report

#BHEL - Stock taken its Support - TradingView -

#DIVISLAB (daily)
- Breakout from Darvas box
- Strong volume bulidup.
- Making higher highs with box
- Buy above 5110
- Stoploss 4900
- Targets 5250/5370/5510/5700+
#Positional

#INDIAMART-- IndiaMART InterMESH Ltd

New Addition in F&O and here is this is how it's looking now !!!

Dis - Holding !!

#flyingvikas #technical #nse #trading #Keepitsimple
#Cadlestick #Gap #Breakout #BREAKOUTSTOCKS #stokes #trading

cc- @Vishvesh03

#DeepakNtr -- Updated Chart.

What next ?
2500 ?

#flyingvikas #technical #nse #trading #Keepitsimple
#Cadlestick #Gap #Breakout #BREAKOUTSTOCKS #stokes #trading

https://t.co/VIWafApd2g https://t.co/IXNnBwuO2t

In this thread, I will explain to you the psychology behind the cup & handle pattern. The attached chart is of Balaji Amines.

Point 1 = Profit booking by many traders and fresh short positions opened taking the stock down till level 2 where there is no more selling

Point 2 - a level wherein the stock becomes attractive again for fresh buyers and short positions will be covered adding strength to the stock.

It moves back till point 3 which is now the psychological resistance level and would again see profit booking by weak hands.

But, this time the stock fell till point 4 wherein the buyers (smart hands) are willing to pay a higher price and further push out the weak hands absorbing all their selling. This is the ideal entry point for a risk-loving trader as this is the closest to the stop-loss point.

Finally, you see - in the whole process - the stock has shifted hands from uninformed retail investors to "smart hands". And finally followed by a cup and handle breakout. The target will be the depth of the cup projected upwards from the breakout level.

When to take entry for a conservative investor? At candle no 5 - the breakout candle and stop-loss a few % below breakout level.

In the next thread - I will explain to you how the same principle works for most of the patterns (No need to mug up the pattern names)

David Larry (2003) - Trading Explosion Breakaway Gaps

How to trade Breakaway Gaps?

First of all - identify a Breakaway Gap by looking at price breaking out with a gap wherein no shares exchanged hands. If you look at the attached chart of NELCO, you can see one on 12th August.

Nest step - wait for few sessions to look for "if the gap is filled or not" and simultaneously look for "PIVOT LOW".

What is pivot low? It is a candle that is surrounded by two candles on either side with higher lows. Ideally, this should be your stop-loss point. Candle 2 is PL

What about the entry? Entry is taken when the right side candle's high next to the Pivot point candle is knocked out. (buy when high of candle 3 is crossed with a stop loss below low of candle 2)

#IEX #Entry
~ Entered today at 465 & 471 as it broke out from a large ascending base on massive volumes

polycab

volumes looks good today

making higher high

moving into channel from 10 months

made a supportive zone at 1780 levels.

adding here for mid to long term

cmp 2010

expecting 2478 - 2752 -2922 all targets from fibo levels

keeping sl 1779 clbs

FMCG sector is really strong since few days now. Like the bottom in MArch 2020 where pharma and fmcg rallied and lead the market, we have IT and FMCG as leaders now.

But would u really consider betting on HUL (medium term) recent breakout considering its structure ????