DLF LTDLong
BREAKOUT STOCKS (DIFFERENT PATTERNS)
Updated
Hello friends many regards I am sharing an idea which I observed on last trading session of previous week on Friday and saw there is one sector index is gained 3% and leading all the Indian indices at that day so after I checked some of that sector stocks and got proper synchronization with them index and give breakout by different patterns so as per my little knowledge I am sharing below with proper stop loss and targets hope it will work for us for Educational purpose only.
DLF-:
As we can see on daily time frame this stock given a breakout on daily time frame chart on a falling wedge pattern so we can think for a long in it stock with the target of from where fall starts in it and it was 418 levels with the stop loss of breakout candle low close on daily basis.
PRESTIGE-:
Ass we can see this stock trading in parallel channel from last few days on daily time frame and breaking out a range of from that channel so we can think for go long in this stock for the target of 438 and 474 with the stop loss of the close below from the channel and that is 408 on daily candle basis
OBEROI REALTY-:
As we can see this stock given a breakout and closed above on falling trendline resistance (Triangle Pattern) on daily time frame so we can think for go long in this stock with the target of from where fall starts in it and it was 909 levels with the stop loss of breakout candle low close on daily basis.
GODREJ PROPERTY-:
As we can see this stock given a breakout and closed above on falling trendline resistance (Triangle Pattern) on 4 Hour time frame so we can think for go long in this stock with the target of from where fall starts in it and it was 1182 levels with the stop loss of breakout candle low close on daily basis.
NIFTY REALTY (MIGHTY FOR ALL OF THEM ABOVE)
As we can see that this index is bouncing exactly from the swing lows of February 2023 with bullish divergence of RSI indicator as we can see that the current low price is higher from previous low but current RSI is higher from then so that I am considering that it is a bullish divergence on daily time basis and this sector will perform Forefront from all sectors.
All are in very good risk to rearward ratio only you have to do Re-check mine Idea on your setups too.
𝐍𝐎𝐓𝐄-: 𝐓𝐇𝐈𝐒 𝐈𝐃𝐄𝐀 𝐈𝐒 𝐎𝐍𝐋𝐘 𝐅𝐎𝐑 𝐄𝐃𝐔𝐂𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐏𝐔𝐑𝐏𝐎𝐒𝐄.
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
DLF-:
As we can see on daily time frame this stock given a breakout on daily time frame chart on a falling wedge pattern so we can think for a long in it stock with the target of from where fall starts in it and it was 418 levels with the stop loss of breakout candle low close on daily basis.
PRESTIGE-:
Ass we can see this stock trading in parallel channel from last few days on daily time frame and breaking out a range of from that channel so we can think for go long in this stock for the target of 438 and 474 with the stop loss of the close below from the channel and that is 408 on daily candle basis
OBEROI REALTY-:
As we can see this stock given a breakout and closed above on falling trendline resistance (Triangle Pattern) on daily time frame so we can think for go long in this stock with the target of from where fall starts in it and it was 909 levels with the stop loss of breakout candle low close on daily basis.
GODREJ PROPERTY-:
As we can see this stock given a breakout and closed above on falling trendline resistance (Triangle Pattern) on 4 Hour time frame so we can think for go long in this stock with the target of from where fall starts in it and it was 1182 levels with the stop loss of breakout candle low close on daily basis.
NIFTY REALTY (MIGHTY FOR ALL OF THEM ABOVE)
As we can see that this index is bouncing exactly from the swing lows of February 2023 with bullish divergence of RSI indicator as we can see that the current low price is higher from previous low but current RSI is higher from then so that I am considering that it is a bullish divergence on daily time basis and this sector will perform Forefront from all sectors.
All are in very good risk to rearward ratio only you have to do Re-check mine Idea on your setups too.
𝐍𝐎𝐓𝐄-: 𝐓𝐇𝐈𝐒 𝐈𝐃𝐄𝐀 𝐈𝐒 𝐎𝐍𝐋𝐘 𝐅𝐎𝐑 𝐄𝐃𝐔𝐂𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐏𝐔𝐑𝐏𝐎𝐒𝐄.
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
Note
KEEP AN EYE 👀Note
ROCKETRY WITH MARKETS RIGHT AWAY, HAVE A LOOK ON DLF AND GODREJ PROPERTYNote
PRESTIGE, OBEROI, GODREJ PROPERTY NEAR TARGETTrade closed: target reached
PRESTIGE, OBEROI AND GODREJ PROPERTY ACHIVED MENTIONED TARGETSTrade closed: target reached
DLF DID TARGET TODAYTrade closed: target reached
PRESTIGE ALSO DID TARGET TWO OF 474 BY TODAYS DID NOT GO UP MORE THEN GIVEN TARGET TODAY, WAS RESISTANCE BASED
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