CannySunny

CannySunny Updated 

CMP 44.2 The last time I drew my lines, I had disregarded the low on 1st June of 34.2 due to which my stop loss was hit. The revised base line in the Ascending Triangle shows that the support was was actually not breached. However, Stop loss is our best friend at nervous points. Falling is alright but to be a winner one should accept the mistake and move on with...

CannySunny Updated 

The stock has perfectly fit into the Bearish Shark Harmonic pattern and also the Parabolic Curve seems to have been achieved. Now the question is what would be the level it would correct to ? Based on the Parabolic Curve, It should take support between Base 4 and Base 3 however, if the Bearish Shark pattern lives up to its name then a stronger correction would...

CannySunny Updated 

CMP 47 Chart is self explanatory. Price is above all leading MA except 200 DMA. Breakout is expected soon from a inverted Head and Shoulder Pattern. MACD is positive too. Keep an SL at 44 ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we...

CannySunny Updated 

Basically expecting a breakout and a good rally upwards. Buy only above 1155 However, Nifty will be facing a strong resistance this week which is why there "may be" a pull back. If Nifty retraces and begins a fresh correction then keep an approp stop loss based on your risk appetite. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal...

CannySunny Updated 

It has a nice step by step climb. Breakouts come with good volume every time. Buy on any dips above 60. Maintain Stop loss based on your appetite. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the...

CannySunny Updated 

Self Explanatory. Breakout after 3 VCP's and with huge volume. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would...

CannySunny Updated 

CMP 219 There were 2 failed attempts at the breakout around 250. A tilted inverse Head and Shoulder pattern is formed. With today's candle , the top points are also in sync forming a trend line and the price seems to be breaking out tomorrow (28/08/2020). Watch out! MACD also looks supportive of the move. ***** Help Me to Help Us. I believe in keeping the...

CannySunny Updated 

This chart is made on the request of my follower @Himanshu93. CMP 2933 Aarti Drugs has had an amazing run since 890 levels breaking out Parallel Channels thrice and returning 300%+ returns in just a few months. The 4th ride is still within the channel but most likely it would break the channel on the lower side tomorrow purely on the basis of MACD...

CannySunny Updated 

I chose this stock because fundamentally it functions on the lines of the same business as Affle India and such companies have very few competitors in the Indian market. Technically also the stock is bullish after a breakout from a Flag pattern.. So when fundamental and technical meet together, we know what usually happens. Fingers crossed as this is illiquid as...

CannySunny Updated 

Simple chart based on price action. A parallel channel within another channel. Breakout from the inside channel. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if...

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Self Explanatory chart. Breakout from the Triangle and falling Wedge. Now a fresh rally has started in the Parallel Channel. Keep riding the stock in the channel. Stop Loss should be just below the channel when the stock breaks the channel on the downside. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to...

CannySunny Updated 

A very simple chart with a breakout. Spotted a little late. The quality of the stock talks more than its technical. The stock is bound to climb as its a consumption stock. Mostly everyone needs a shave almost everyday. Time frame though can be a weeks to a month. Targets are around the 6450 - 6530 mark. One can look for targets even beyond the targets mentioned...

CannySunny Updated 

After 5 unsuccessful attempts, finally a breakout suggests the stock is ready for a fresh rally. The last days candle did a retest and also closed well above which indicates strength. Enter on any dips if available. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement &...

CannySunny Updated 

Looks like the retracement is complete however, even if it retraces a little more keep a close watch and enter on any dips available. Looks promising for the medium term. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn...

CannySunny

This chart is made at the request of @Santosh7856. CMP 143 Even though the stock has finally broken the resistance of the recent ascending parallel channel which is a great sign, the stock still faces 2 resistances from long descending parallel channels i.e from September 2016 and June 2018. The catch here is the stock looks positive and is supported by MACD as...

CannySunny

Chart is self explanatory. Breakout happened from the Cup and Handle Pattern but faces a resistance. Keep a stop loss based on your risk appetite. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the...

CannySunny

The stock has been moving in a broad "Parallel channel" since 2016. Currently it has been moving in a tight 'Parallel Channel' inside the broader Parallel Channel. The stock bounced back from the top of the channel and is heading south. Some can buy it at the lower end of the channel around 905 but in that case maintain a strict stop loss because a fall bellow...

CannySunny

Simple Price Action analysis. Waiting for a breakout. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on...