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PATELENG formed a Pennant chart pattern on daily chart. Multiple support and resistance were tested before the breakout. On the breakout day there was above average volume pushing the price higher. Looking at the current price level seems ideal time to enter with stop loss just below the breakout candle and target the width of the Pennant. This trade offers ideal...

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CHOLAFIN formed a raising wedge pattern on daily chart. Price broke out of resistance today with strong volume. Multiple resistance and support were tested prior to breakout. Stop loss can be had just below breakout candle with target the width of the wedge. Entry can had just above todays high. This trade offers a good risk reward of 1:2 and possibly more as you...

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MAXHEALTH formed a triangle pattern on daily chart. Price broke out of resistance today with strong bullishness. Also noted above average volume on breakout day. Stop loss can be had just below the breakout candle with target the width of triangle. Entry can be had just above today's high. This trade has higher risk reward so mindful on where you enter. However it...

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WOCKPHARMA formed a Pennant formation on daily chart. Multiple support and resistance were tested and price broke out of resistance. Price also successfully tested it and bounced back. Volume was above average on the day of breakout. Looking at the way of bullish formation on this stock, I believe it has got good potential. Stop loss can be held just below the...

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GMRINFRA formed a triangle pattern on daily chart. Multiple support and resistance were tested and price broke out of resistance line today. There was good volume on the day of breakout. Stop loss can be had just below the breakout candle with target the width of the triangle. Entry can be made just above todays high so we don't get hooked into false breakout....

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ECLERX formed a falling wedge on daily chart. Multiple support and resistance were tested during the formation of pattern. Price broke out of the pattern today with above average volume and the momentum seems to be good for third consecutive day. Stop loss can be had just below breakout candle low with target at previous all time high. This trade offers an ideal...

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CIPLA formed a reverse head and shoulder pattern on a daily chart. One can have stop loss just below previous swing low with target the height of the head. Entry can be held just above todays high provided the same bullishness prevails. This trade offers ideal risk reward of more than 1:2. Hope you like this idea, if so please boost this idea or leave a comment...

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Nifty healthcare index broke out of channel pattern with multiple support and resistance level tested. Looking at the strong bullish breakout, there appears to be a good 5-7% potential with low risk of around 2.7%. Stoploss can be had just below breakout candle with target the width of the channel. This gives an ideal risk reward of 1:2 depending on where your...

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MANYAVAR formed a reverse head and shoulder pattern on daily chart. For quite some time this particular stock has been going down but now shows signs of reversal. Stoploss can be had just below the breakout candle. Also note the wick on 4th June indicating strong buying pressure at those level. Target can be just below the resistance level marked. This trade...

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COFORGE formed a reverse head and shoulders pattern on daily chart. Price broke out of resistance area with strong bullishness. Also there was a gap up on todays opening indicating there is strong buying pressure. Stop loss can be held just below previous swing with target the width of the head. Provides an ideal risk reward of 1:2. Hope you liked this idea. If...

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JKIL formed an ascending triangle pattern on daily chart. There was huge volume on the day of breakout indicating bulls out there. Moreover, on the sell off day the volume was low indicating sellers are not willing to sell at lower price. Note the hammer formation yesterday indicating strong buying pressure at these level. One can have stop loss just below...

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TATAMOTORS has been trading within the channel pattern for quite some time now. With the formation of hammer at the support level indicates an ideal entry point for a short swing with target at next resistance level. Entry can be held just above todays high that would provide an ideal risk reward of 1: 2.5. There are quite a lot of stocks that has given entry at...

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Hope you all recovered from huge swings for the past couple of days. I recently happen to find a swing opportunity on POWERGRID daily chart where price is moving between a ascending channel. Price is at support level with the formation of double wick on the bottom indicating there is a strong buying pressure at this level. Once can enter just above todays high...

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HINDPETRO formed a Pennant 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...

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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....