shivamtrades1

Breakout with heavy Volume Should trigger to next big move

NSE:SBIN   STATE BK OF INDIA
A long consolidation with triangle pattern is seen in sbin trend line daily chart shows a breakdown , MACD is on bearish crossover , RSI Flat and above 40 ,
long if breakout happen over trend line with heavy volume . average volume seen increase in recent days in consolidation phase . long above 196-197 on closing basis for short period gains 1 week . long above 204 close base for 30 days or more for gains . accumulating opportunities if you are a long term investor. short if breakdowns below 186-185 .
long targets 208-210 236-240
short targets 175-166

Comments

Dude which is the best brokerage in trading view? Pls reply me .I'm begginer for trading view and also trading
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shivamtrades1 jeevakumar97
@jeevakumar97, for beginners use discount brokers like upstox and zerodha . Upstox is fairly cheap and provide dartstock desktop program that is good for technical analysis . For fundamental analysis I prefer kotak securities trade smart . If you need assistance in opening account either of them let me know . As a beginner you should first invest money in good quality stock and paper trade on trading view . First create some wealth and learn to trade then you should move to trading by RMS rules that will help to reduce drawdown .
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sgasso jeevakumar97
@jeevakumar97, all r taking charges...+/- but lowest is zerodha
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Hi mate - the candle is not as big to represent the huge surge in volume.
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shivamtrades1 kalyanganguly
@kalyanganguly, not single candle but 9 day simple moving average is rose from 55M to 69M on volume . And that's why I written huge volume breakout is needed from here . Thank you
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kalyanganguly shivamtrades1
@shivamtrades1, ok... Got it. Thanks
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Your Upper trendline is drawn wrong.
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shivamtrades1 OnlyCharts
@OnlyCharts, yeah it is wrong if u consider 3 candles body cut but if take only minimum two point confirmation which is right method then it shows false breakout that happen three time in this chart . Hope you get my point . Don't consider later candles . Upper trendline is drawn for resistance approximation only . Even pivotal data is R1 :195.3 R2:199 .15 R3: 203.45 you may consider that for upper limits . When stock break first resistance it is signal when break second resistance is confirmation for short trend when break third it's bullish trend continuation . Thank for your suggestion. Good day
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sgasso OnlyCharts
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