Finally, after a lot of struggle at the upper trendline, #TATAELXSI has broken out...
Let's see if it can sustain...
More from Hardik Upadhyay, CMT.
As per traditional chart analysis, the breakout from the flag can extend by a distance of the flagpole which gives us the price objective of 5850 or thereabouts.
Let's see what happens!
#ApolloHospital https://t.co/jHgjR2WThe
Looks like a Flag to me...
— Hardik Upadhyay, CMT. (@tradingwithdyr) August 30, 2021
A flag pattern is a continuation pattern that suggests a short-term consolidation in opposite direction preceding a strong move.
A breakout above 4850 could have a rapid movement!#ApolloHospitals pic.twitter.com/q7g4enQjRY
More from Tataelxsi
Previous High holding up as support; Till the time it is held, It's poised for more into the uncharted territory.
#StockMarket #stockstowatch https://t.co/1czL1114bm
#TATAELXSI Update
— Gurleen (@GurleenKaur_19) August 17, 2021
250+ points running \U0001f4cd#StockMarket https://t.co/gj4lH7FNmH pic.twitter.com/EHwK4C1Ohr
Objective is to move higher towards
Fibonacci extension
6.857%(7294)
#Probability
#TATAELXSI-6277
— Waves_Perception(Dinesh Patel) \u092e\u0948\u0902Schedule Tribes) (@idineshptl) October 6, 2021
Objective is to move higher towards Fibonacci extension
6.857%(7294)#Probability https://t.co/M4rSDCf5kt
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Covering one of the most unique set ups: Extended moves & Reversal plays
Time for a 🧵 to learn the above from @iManasArora
What qualifies for an extended move?
30-40% move in just 5-6 days is one example of extended move
How Manas used this info to book
The stock exploded & went up as much as 63% from my price.
— Manas Arora (@iManasArora) June 22, 2020
Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
Post that the plight of the
What an extended (away from averages) move looks like!!
— Manas Arora (@iManasArora) June 24, 2020
If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
Example 2: Booking profits when the stock is extended from 10WMA
10WMA =
#HIKAL
— Manas Arora (@iManasArora) July 2, 2021
Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended
Total revenue: 11R * 0.25 (size) = 2.75% on portfolio
Trade closed pic.twitter.com/YDDvhz8swT
Another hack to identify extended move in a stock:
Too many green days!
Read
When you see 15 green weeks in a row, that's the end of the move. *Extended*
— Manas Arora (@iManasArora) August 26, 2019
Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K