PriceActionSpotter

PriceActionSpotter Updated  Jan 21, 2022

NSE:KOTHARIPET broke out from the triangle pattern after consolidating in it for 5 months. The closing of the breakout candle is strong and volume burst is significant. Buy 90% of your position if it breaks 71.4 level and sustains in 15min timeframe. Enter with 10% position after some sort of dip or retrace. Stoploss marked on the chart. Placed below the...

PriceActionSpotter Updated  Jan 21, 2022

NSE:JAMNAAUTO has been consolidating in a rising channel pattern throughout its entire uptrend for around 1.5 years. Price hasn't broken out from the channel. Expecting a breakout today or in the coming weeks. If price breaks out, enter at the close and place stop loss below below 112 and look for targets of 180 to 200. Keep stock in watchlist. Best to wait...

PriceActionSpotter Jan 21, 2022

BSE:HINDHARD Broke out of a multi-decade old resistance of 190 levels and started consolidating in an ascending triangle pattern from which it broke out. There seems to be heavy profit booking at the moment. One can enter after price makes a green candle. Low volume script, volatility is extremely high. Breakout volumes look very bullish. Track closely and...

PriceActionSpotter Jan 21, 2022

NSE:LOKESHMACH broke out of a bullish ascending triangle pattern and now is consolidating in a range. Following the price action, one can enter 20-30% position at C.M.P Enter with rest after a breakout from this range or after price takes support in the range. Targets:90/100 Sl- below 70 1:2 trade. Breakout momentum looks good. likelihood of target being hit...

PriceActionSpotter Updated  Jan 19, 2022

NSE:NEOGEN is consolidating in a rising channel pattern. Price is at support of the channel. Good opportunity to buy and hold for big money. Exponential move if price breaks out from this channel. Place sl below the channel (below day's low) Potential 1:10+ trade. Don't miss out! Position size accordingly. Low risk high reward trade. HAPPY TRADING!

PriceActionSpotter Updated  Jan 19, 2022

NSE:BAJFINANCE is consolidating in a rising wedge pattern after giving a breakout from flag pattern. Price may potentially breakdown from this pattern and retrace as it has already given excellent momentum in the last week. Be sure to add quantity after the momentum of breakdown fades away. On the contrary, price can take big support from the bottom and...

PriceActionSpotter Jan 19, 2022

NSE:ADANIGREEN broke out from 1 YEAR OLD ascending triangle pattern and gave excellent momentum in 1 week. Expecting a profit booking or some sort of small retrace before the next move. Track this stock in your watchlist and set alerts at fibonacci retracements pivots. (2 of them marked on chart) Wait for confirmation and enter with stoploss below the...

PriceActionSpotter Updated  Jan 18, 2022

NSE:PRECWIRE Looks very bullish on chart. Analysis done on chart. Good 1:4 RR setup. Targets: 80/95/100+ Sl: below 69 Position size accordingly. HAPPY TRADING!

PriceActionSpotter Jan 17, 2022

NSE:INDIACEM Broke out of a major expanding channel pattern. Breakout candle is very bullish and volumes are heavy on the buy side. Price is in a low volume consolidation mode in the form a rising channel pattern on hourly timeframe. Momentum is expected to continue after the break of this pattern. One can enter at C.M.P with entire position for 2:7 Risk...

PriceActionSpotter Jan 17, 2022

NSE:NECLIFE broke out from an inverted head and shoulder pattern after a sharp correction of 40-50% from 52-week high. Price at upper circuit and volumes look bullish. Look to enter 30% position at tomorrow's open and add the rest after consolidation. A 1:2 to 1:3 setup can be looked at from C.M.P Price also gave breakout from 30 week MA and retested it....

PriceActionSpotter Updated  Jan 17, 2022

NSE:GENUSPOWER is moving in 2 patterns: A parallel channel and an expanding channel pattern, with the latter being the bigger pattern. Price did breakout out from the channel 2 times but witnessed big selling pressure, leading to formation of the expanding channel pattern. C.M.P is running near the trendline support and the resistance of the parallel...

PriceActionSpotter Updated  Jan 17, 2022

NSE:PRAJIND Broke out from flag pole pattern after 500% momentum move. Strong volumes in the uptrend show increasing strength of the stock. One can enter entire position at C.M.P in view of a momentum trade with a tight sl. Targets: 450/500/565+ sl: below 360 Low risk high reward trade. Positional traders could opt for deeper sl below 330 levels. Position...

PriceActionSpotter Jan 17, 2022

NSE:RAYMOND broke out from a major wedge pattern and went into a range (pink rectangle) for 1 month before releasing huge momentum today. Setup is similar to the Precision Wires idea posted few days back. (Up by 25% since posting date) Price should consolidate for 1-5 days before making the next momentum move towards 1000. One can enter 10-20% of their...

PriceActionSpotter Jan 16, 2022

NSE:DOLLAR broke out from a major rising wedge pattern. Price did attempt a breakout prior to this but it could not sustain. Likewise, price gave a fake breakdown before giving a proper breakout and releasing huge momentum (25-30% in 1 week). Strong volumes towards virgin territory is another bullish sign in favor of this trade playing out. One may skip this...

PriceActionSpotter Jan 16, 2022

NSE:JINDWORLD has given a breakout from an old resistance uptrend line. On a lower time frame, it has also given a breakout from a narrow low volume consolidation zone. (Pink rectangle area) Volumes on trendline break towards all time high look very bullish - the highest since last 2 weeks. A risky momentum trade can be taken with a tight sl , going for 1:4...

PriceActionSpotter Jan 14, 2022

Analysis is part technical and part fundamental. NSE:PFC has been consolidating in a sideways uptrend for almost 13 years. Price has recently taken a rejection from this channel pattern in the month of October. Going with the price action view, price should retrace all the way back to channel support, around 80-90 levels. An established support at these...

PriceActionSpotter Updated  Jan 14, 2022

BSE:RISHIROOP has broken out of a major channel pattern. Momentum leading to breakout is excellent with huge volume. Price did leave a wick so it may consolidate for 1-3 days before releasing the momentum. Look to enter 50% position at C.M.P and the rest after consolidation. Risky traders can keep tight stop loss below 130 and positional traders can keep below...

PriceActionSpotter Updated  Jan 14, 2022

After a strong uptrend, NSE:AVADHSUGAR formed and flag pole pattern from which it broke out today. Closing is strong and volume looks okay. Enter 30% of position if it opens gap up and then enter the rest after a dip/retrace. Stock has consolidated for quite some time so it won't fly in 1 week. Buy and hold for 1-2 months. Price can again enter into...