these low-volume pullbacks after the breakout are a common occurrence. However, what is more, important is the stock's reaction after a pullback. It must bounce back within a few sessions strongly to scale up the size.
Tata Elxsi https://t.co/HGCzOz1ALI
Correction \U0001f447
— The_Chartist \U0001f4c8 (@charts_zone) March 20, 2022
During upward breakouts, I have to consider price targets and not %age targets. Therefore the target comes out to be 8540 and not 8900 as mentioned before.
The chart stands updated.
Tata Elxsi https://t.co/sdP9X1s9qs pic.twitter.com/Gmhn3OYiNA
More from The_Chartist 📈
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
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
AWL - look at the ranges of contraction on the chart https://t.co/2XMhqZQu8X
Borosil Renewables - Patterns like these must be looked at carefully and must be kept on the radar. Herein price is contracting which generally signifies shifting of hands (from weak to strong). If you go wrong, the risk is limited in these. pic.twitter.com/iqyoeslZjy
— The_Chartist \U0001f4c8 (@charts_zone) July 12, 2021
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
Target opened as per the pattern is 8900 https://t.co/nRqYqPnPB3
Tata Elxsi - I waited for the trigger today but to no avail. The setup is still the best with price consolidating right in the RS zone. Waiting for the breakout till then no action. pic.twitter.com/LnOPswWgAp
— The_Chartist \U0001f4c8 (@charts_zone) March 16, 2022
You May Also Like
Here I will share what I believe are essentials for anybody who is interested in stock markets and the resources to learn them, its from my experience and by no means exhaustive..
First the very basic : The Dow theory, Everybody must have basic understanding of it and must learn to observe High Highs, Higher Lows, Lower Highs and Lowers lows on charts and their
Even those who are more inclined towards fundamental side can also benefit from Dow theory, as it can hint start & end of Bull/Bear runs thereby indication entry and exits.
Next basic is Wyckoff's Theory. It tells how accumulation and distribution happens with regularity and how the market actually
Dow theory is old but
Old is Gold....
— Professor (@DillikiBiili) January 23, 2020
this Bharti Airtel chart is a true copy of the Wyckoff Pattern propounded in 1931....... pic.twitter.com/tQ1PNebq7d
One thing I've been noticing about responses to today's column is that many people still don't get how strong the forces behind regional divergence are, and how hard to reverse 1/ https://t.co/Ft2aH1NcQt
— Paul Krugman (@paulkrugman) November 20, 2018
See this thing that @lymanstoneky wrote:
And see this thing that I wrote:
And see this book that @JamesFallows wrote:
And see this other thing that I wrote: