Analyse with me please. U may see it faced res. at ATH levels & came back. also it was a strong move before till that level. Now u may see Fib. levels of 38 & 61.8 will act as support. My advice to you - If you are trader, stick with the strongest counters.
![](https://pbs.twimg.com/media/FBKqOEPUYAE6zc9.jpg)
More from The_Chartist 📈
It is important to analyse the strength of the breakout. If the price does not continues the move in 1 or 2 sessions and candles show long upper wicks, it is better to bring the SL closer. Distribution sign.
Will be helpful in next breakouts. https://t.co/AtZOj4bKeT
![](https://pbs.twimg.com/media/FCG2JDpUUAEW4Hp.jpg)
Learning: Strong breakout
— The_Chartist \U0001f4c8 (@nison_steve) July 2, 2021
1. Breakout candle will have no upper shadow or extremely less compared to the body
2. Volumes will be high (to avoid retailers to enter & also big hand absorbing all the selling)
3. Pullbacks will be rare/very less
4. Happens after a long consolidation pic.twitter.com/YTHDOnEdxo
although a must-have portfolio stock. Faced resistance right at the upper channel boundary. Volumes high. Any retracement back to the lower boundary will be an opportunity to accumulate. https://t.co/5uDsUXsbPP
![](https://pbs.twimg.com/media/E6tJuOeVkBMYllW.jpg)
IEX - the resistance turning support. Kindly review, please. @nishkumar1977 @suru27 @rohanshah619 @indian_stockss @sanstocktrader @BissaGauravB @RajarshitaS @PAVLeader @Rishikesh_ADX @VijayThk @Investor_Mohit @TrendTrader85 pic.twitter.com/7CCzmee5If
— Steve Nison (@nison_steve) December 18, 2020
1. A Book written by Sir @Prashantshah267 as attached
2. Research paper by @MebFaber April 2010
3. A book written by Sir Robert A. Levy as attached
4. Webinar by Sir @premalparekh with @vivbajaj
5. Video by @jfahmy on YT https://t.co/xg4fe09ImL
![](https://pbs.twimg.com/media/FGS4FbtVgAEvshD.jpg)
Hi sir ..can u post some articles or write up on relative strength ,how to use same and what is the criteria .. kindly help
— Nanda (@vk_nandagopal) December 11, 2021
A bullish flag pattern right after the breakout. Although the broader rectangle target of 1190 is way more than this bullish flag target https://t.co/wdAzb7SS7L
![](https://pbs.twimg.com/media/FU0c0t7VsAAfVcn.png)
Interesting chart of Mahindra & Mahindra consolidating in a rectangle pattern & the price not falling back to the lower support. pic.twitter.com/GJ7rCfkB9f
— The_Chartist \U0001f4c8 (@charts_zone) May 26, 2022
More from Kotakbank
Triggered Now
#KOTAKBANK #stocktobuy #Banks #TutleFT #AFT #BearTrap #ConsolidationBO #BullishSetup Resistance turned into Support
— Parampara Investment \U0001f1ee\U0001f1f3 (@investparampara) October 12, 2021
Entry: 2005 | SL: 1885 | TG: 2445 - 2950
*Stocks for Educational purpose only.#Reweet #Like @investparampara pic.twitter.com/XBhBxOBpKf