The_Chartist 📈's Threads

these low-volume pullbacks after the breakout are a common occurrence. However, what is more, important is the stock's reaction after a pullback. It must bounce back within a few sessions strongly to scale up the size.

Tata Elxsi https://t.co/HGCzOz1ALI

Correction \U0001f447

During upward breakouts, I have to consider price targets and not %age targets. Therefore the target comes out to be 8540 and not 8900 as mentioned before.

The chart stands updated.

Tata Elxsi https://t.co/sdP9X1s9qs pic.twitter.com/Gmhn3OYiNA
— The_Chartist \U0001f4c8 (@charts_zone) March 20, 2022

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Divis Labs - even though the business may be great but the price may remain subdued for a longer time. It must spend considerable time here to consolidate itself.

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H&S tops with ascending necklines are easy to trade for the reason of their premature signals. Even if you don't know the name of the pattern, you can simply gauge that your stock is unable to form a fresh high & broke down with declining volumes

Apollo Hospitals - target 2990

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Delta Corp - rectangle pattern can also act as a reversal/continuation pattern. Post breakout, the target of the rectangle is the height of the rectangle projected upwards from the breakout level. One of the simplest patterns to trade is due to its horizontal boundaries.

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Getting in too close to the decisive point.

KPIT Technologies - the only negative is the accompanying volumes before the squeeze.

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The chart pattern working on a larger timeframe gives a broad perspective on the direction of the security and is easy to trade once you get a breakout. the easy way is to set the price alert & make money elsewhere.

Axis Bank

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What my simple analysis showed was the decadal breakout in making in #Gold along with the outperformance over S&P500 #SPX

Result?

1850$ to 2070$

Updated chart https://t.co/l6pEGD7r6D

Most interesting chart:

Orange line = Gold
Blue Curve = Gold/S&P 500

Previously the ratio crossed 50 days MA in Feb' 20 with Gold giving a breakout on the charts. The previous cross of 50 days MA didn't result in gold breaking out. pic.twitter.com/HRG1fvsILp
— The_Chartist \U0001f4c8 (@charts_zone) February 12, 2022

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Surprisingly, this week many banking stocks bounced back from their key supports.

Bank of Baroda

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Also, you must be vigilant here because in these cases 50 MA and 200 MA act as a strong resistance. However, both the resistance zone and the 50 EMA are getting in closer. Confluence zone.

Jubilant Foodworks https://t.co/oarPRnT0Vk

The chart signals an upcoming violent move. I may be wrong but the risk is getting too low in here. Keep an eye out.

Holding this from lower levels - the reason being capitulation.

Jubilant Foodworks https://t.co/M1vLYEbkef pic.twitter.com/TVXZKo028g
— The_Chartist \U0001f4c8 (@charts_zone) April 18, 2022

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From 1850 to 1990$ - the GOLD is getting more interesting. I will be adding up more if the resistance is taken off and the price follows through.

GOLD https://t.co/l6pEGDpAkL

Most interesting chart:

Orange line = Gold
Blue Curve = Gold/S&P 500

Previously the ratio crossed 50 days MA in Feb' 20 with Gold giving a breakout on the charts. The previous cross of 50 days MA didn't result in gold breaking out. pic.twitter.com/HRG1fvsILp
— The_Chartist \U0001f4c8 (@charts_zone) February 12, 2022

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Cosmo Films - double top target opened = 1500

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We still haven't got any signal of negation in the private banks' index & if the bearish H&S top has to be negated, the index has to move past 19950. Till then, it will be considered a minor pullback

Nifty Private Bank https://t.co/BwG1DKhhLc

I am watching a big bearish H&S top building up in Nifty Private Bank Index. Any breakdown will result in increased volatility in respective charts. For traders - definitely not a spot to be in. The index has to move beyond 19900 to negate the pattern. pic.twitter.com/IGFeyNrtQV
— The_Chartist \U0001f4c8 (@charts_zone) June 19, 2022

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Target open for Asian Paints is 2700 https://t.co/FXKaJEeOoT

Turn by turn the leaders crack.

Asian Paints https://t.co/2e5pm2DTdg pic.twitter.com/esIhvhXT37
— The_Chartist \U0001f4c8 (@charts_zone) May 25, 2022

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The target of Adani Ports for 1010 is still intact https://t.co/bbyfmE3aK2

Adani Ports - the 42 weeks of price consolidation in a symmetrical triangle has decisively broken out for the open target of 1010 https://t.co/vGyAGlwKCw pic.twitter.com/2tVmwddeOX
— The_Chartist \U0001f4c8 (@charts_zone) April 5, 2022

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High volumes could have been better here although I am content with the move from the March lows considering the least risk the setup provided. It is better if we get a strong candle closing above the boundary.

Jubilant Foodworks - updated chart https://t.co/mH1TTqHbcq

Post the capitulation move, I am anticipating an ascending triangle breakout in Jubilant Foodworks however the buy is not triggered yet. That target open would be 667.

Ascending triangles also act as key reversal patterns. https://t.co/M1vLYEsngf pic.twitter.com/f06rbJhLaq
— The_Chartist \U0001f4c8 (@charts_zone) April 21, 2022