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.
More from The_Chartist 📈
although a must-have portfolio stock. Faced resistance right at the upper channel boundary. Volumes high. Any retracement back to the lower boundary will be an opportunity to accumulate. https://t.co/5uDsUXsbPP
IEX - the resistance turning support. Kindly review, please. @nishkumar1977 @suru27 @rohanshah619 @indian_stockss @sanstocktrader @BissaGauravB @RajarshitaS @PAVLeader @Rishikesh_ADX @VijayThk @Investor_Mohit @TrendTrader85 pic.twitter.com/7CCzmee5If
— Steve Nison (@nison_steve) December 18, 2020
Explained you same concept with Elxsi. The real test of a strong Breakout is that the big hand will not give you another chance to buy the share at the breakout level. They will absorb all the selling of weak hands. I mean "STRONG breakout". https://t.co/7fxFqGQl3p
Tata Elxsi ---
— Steve Nison (@nison_steve) June 30, 2021
In the last 10 minutes, all the selling was absorbed despite intraday positions being squared off (if not converted). will wait for the EOD data. However, the chart structure is extremely strong. https://t.co/pci7GCDBEO pic.twitter.com/1NBD9V3mKc
AWL - look at the ranges of contraction on the chart https://t.co/2XMhqZQu8X
Borosil Renewables - Patterns like these must be looked at carefully and must be kept on the radar. Herein price is contracting which generally signifies shifting of hands (from weak to strong). If you go wrong, the risk is limited in these. pic.twitter.com/iqyoeslZjy
— The_Chartist \U0001f4c8 (@charts_zone) July 12, 2021
Fresh case - RUPA https://t.co/nqq5nI1wLU
Respect your stop losses in the stocks that have gone down today with heavy volumes even on a strong day.
— The_Chartist \U0001f4c8 (@charts_zone) March 17, 2022
VTL pic.twitter.com/3pJ9XngCDL
More from Deltacorp
Now above Fibonacci retracement
0.618%(268) and likely move higher towards next Fibonacci retracement level
0.786(327 ) and than ATH cross.
#Probability
DELTACORP
— Waves_Perception(Dinesh Patel) Stock Market FARMER (@idineshptl) August 13, 2020
116
Just a perspective pic.twitter.com/Qymzx8VfsR
From 108 to 320
Almost 3x
Now looks ready for #ATH
Sabka time aata hain. Only needs patience with #PriceAction
@Rishikesh_ADX https://t.co/8xzh8VGMi9
#Delta corp
— jitu (@Jitendra_stock) August 7, 2020
Only listed Casino company
Due to lockdown, waiting for unlocking
Weekly higher high
Upside 130 to 150 pic.twitter.com/f0qJpIYpNL