PrasantaP

PrasantaP Updated 

Tech Mahindra reports Q4 earnings. Net profit at Rs 1,117.7 cr Vs Expection of Rs 1,275 cr I will prefer to go long near 800/900 Zone for target of Life High with 1 year

PrasantaP Updated 

Q4 Result is good but not as per street expectation thats why todays closing nearly flat . I will prefer to go long near 7300 (Multiyear support )

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High probability IT Sector bottom form near lower boundary (blue line) of the channel .

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When price break any boundary after strong consolidations then high probability price continue the trend .

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Rejection Candle act as a Reversal of Trend . Above rejection candle high we will see a continuation move

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An ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is significant if it occurs within an uptrend or downtrend. Once the breakout from the triangle occurs, traders tend to aggressively buy or sell the asset depending on which direction the price broke out.

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When price consolidate after a uptrend and break the upper boundary then high probability price continue the tren .

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After long downtrend channel finally price out from from channel and break the flag in small time frame

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If price pullback 50% of the breakout candle then good opportunity for go long . #MGL Daily chart

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After a strong consolidations price out from tight range and high probability price continue the trend

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👉Inverted H & S pattern Breakout in GNFC. 👉Trading above all moving averages. 👉Company has reduced debt. 👉Company is almost debt free. 👉Stock is trading at 0.71 times its book value. Best technofunda stock.

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👉Bank Nifty made a CUP & HANDLE Pattern .Only breakout needed.

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👉 Breakout in Nifty FMCG index. 👉 Technically made a complex Continuation H & S pattern. 👉Watch on this stocks ITC,HUL,MARICO,GODREJ CONSUMER ETC.

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👉 High volume on weekly breakout candle. 👉Weekly closing above 200 DMA. 👉Box Breakout. 👉Bullish setup.

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👉 Weekly close above previous Lifetime high.

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Both Daily and in weekly chart breakout . 👉Update of previous MARICO chart attached below . 👉 Breakout confirm now.

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Bookish cup &handle patteen Stop loss is below of the handle

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