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IRB formed an ascending triangle pattern on daily chart. Initially at a glance it looked like a triple top formation but clear support levels indicates its ascending triangle. Also there was a spike in volume on breakout day indicating strong buyers out there. Stop loss can be held just below the breakout candle with target the width of the broader triangle. Good...

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LICI formed a triangle pattern on daily chart. Multiple support and resistance levels were tested with aggressive buyers seen in the last swing before the breakout. Also there was a spike in volume on breakout day indicating strong buyers out there. Stop loss can be held just below the breakout candle with target the width of the broader triangle. Risk reward is...

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GOODLUCK formed a descending triangle pattern on daily chart. With multiple support level tested, it is looking good. Stop loss can be held just below the breakout candle with entry just above today's high. Target could be 52 week high giving an ideal risk reward of 1:2.4. Hope you liked this idea, if so please boost this idea so others could benefit or leave a...

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RITES formed a symmetrical triangle pattern on daily chart. With multiple support level tested, it is looking good. Also looking at the way the price has broken out of resistance with charging bulls, probability of price going up is higher. Stop loss can be held just below the breakout candle. Any swing low could give you an entry with target at 52week high....

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CARERATING is trading within a rectangular pattern or channel. I was supposed to post this one last night and didn't realize today was a trading day at NSE. Entry could be at the bottom of channel and exit at the top end of channel. Could be an easy 7 to 8% profitable trade if done rite. Stop loss can be kept at either end of the channel depending on what...

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SCHNEIDER formed an ascending triangle pattern on daily chart and broke out of resistance with strong bullishness. Looking at the pattern formation, could see bears are weakening on every swing before breakout of resistance. One could have stop loss just below breakout candle with potential target close the width of triangle. Risk reward is also favorable in this...

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COALINDIA formed a symmetrical triangle on daily chart and broke out of resistance with strong bullishness followed with huge volume spike. Looking the pattern formation, could see bears are weakening on every swing before breakout of resistance. Also note the low volume when price falls indicating sellers are not willing to let go at lower price. Prior runup to...

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TORNTPHARM formed a triangle pattern on daily chart with multiple test of support and resistance. Price broke out of resistance and subsequently retesting now support (previous resistance line). Looking at the aggressive bears once brought the price down compared with recent swing low, it appears bears aggressiveness has weekend. Also the recent swing high shows...

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RECLTD formed a falling wedge pattern on daily chart. Looking at the angle at which the pattern has formed one can expect a slow climb towards the target. Moreover price has tested multiple support and resistance point that would act as a good support for price when it goes down. Both bullish swing and bearish swing were equal in power so skipping this one. Still...

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LEMONTREE formed an ascending triangle pattern on daily chart. With multiple support and resistance tested. Price broke out of resistance today with strong volume. Also note the low volume during consolidation and when price goes down indicating sellers are not willing to sell at lower price. This forms a good support for long opportunity. Moreover, the momentum...

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ENGINERSIN formed a descending broadening wedge on daily chart. Price broke out of resistance line today with strong volume. Price close high indicating bulls are out there. Note the volume when price falls as it stays below average line indicating sellers are not willing to sell at lower price. This is also confirmed by volume hike when price is moving high....

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HUDCO formed an ascending triangle pattern on daily chart. With multiple support and resistance level tested. Price has been consolidating for some time now. Price broke out of resistance today with high volume indicating bulls are out there to drive the price higher. However, wait for the next candle to close above breakout candle high. This would give us some...

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ALKEM formed a falling wedge pattern on daily chart. There was a strong run up in price prior to formation of wedge pattern. Multiple support and resistance were tested before the breakout. However, the breakout did not have huge volume. Wait for following day close to see how the price moves before you enter. Stop loss can be had just below previous swing low...

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NMDC formed a head and shoulder pattern on daily chart. Price is about to breakout but please wait for clear breakout with strong close before you enter. When forming the head price was falling heavily but not with much volume. This indicates sellers are not willing to sell at these lower price. Stop loss can be held just below right shoulder with a risk reward of...

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DHANUKA formed a descending channel pattern on daily chart. Price broke out resistance with strong bullish candle. Also note the volume on breakout that is above average. Multiple support and resistance were tested before the breakout. There was a strong runup prior to formation of this pattern showing buyers interest. Formation of hammer candlestick pattern prior...

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ABCAPITAL formed an ascending triangle pattern on daily chart. Price broke out of the candle early. However, there was some period of consolidation and could notice price acceptance at new levels. Resistance level were tested multiple times and price broke with strong volume. Moreover the breakout candle gaped up indicating strong buying pressure. While...

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LICHSGFIN is forming what that appears to be a reverse head and shoulder pattern on daily chart. Stock has been on a steady uptrend for more than a year now. Note the run up prior to formation of head and shoulder pattern with good volume. Also during selloff there wasnt much volume indicating sellers are dried out. On the right shoulder there was a hammer pattern...

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CYIENT formed a falling wedge pattern on daily chart. Multiple support and resistance levels were tested before the price broke out of resistance. Currently, the price is being retested with current support level (previously resistance). Note the high volume on breakout and subsequent low volume when price falls signaling sellers are dried out. CYIENT had a strong...