considering the consolidation after break outmany people known the consolidation before breakout is good but fail to consider the consolidation (sideways move) after the breakout. it also gives a massive move. in this chart consider entering on the breakout of horizantle line (price closing above 206) .target is 265.
happy trading!
HEMIPROP trade ideas
Hemisphere turning Double Sphere :)Hemisphere Properties from the Realty Sector is in limelight recently. An interesting Technical pattern is in the making
1. Around 160 levels, the price has formed a Double Bottom pattern on Daily Timeframe and broke out of its neckline as well confirming the pattern
2. Also from 235 down to 160, there is an interesting "Double" Inverted Head and Shoulders pattern formed. The earlier Inv H&S pattern could not breakout, but this time, the price decisively broke out of the neckline above 220 levels and today it is blasting over 4.5%
Just the name is "Semi", but all Pattern are "Double" to get you blasting returns :)
If the price is able to sustain above 233 by end of day (July 15), then targets are 265, 325
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lapu star breakoutA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
HEMIPROP - Long Setup, MOVE is ON....Stock name = Hemisphere Properties India Limited.
✅#HEMIPROP trading above Resistance of 201
✅Next Resistance is at 245
✅Moved 34% in 28 DAYS
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
HemipropStock name = Hemisphere Properties India Limited.
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
And the name is HEMISPHERE HEMISPHERE has aroused after a very long time ,overcame resistance of 145 ,taking continuous support from 138-139 level , retested 140 level and now. moving forward towards new targets , pick now for long , go for it , future seems to be bright ,since Tata son's are 14 percent stack holder in this company
can look for below targets
1st target 160
second target 198
this is my view looking at chart pattern and price actions,advised to use your check points and indicators before trading
Happy trading