The stock is about to breakout from a big resistance from December 2015. The price tried to cross the resistance several times but was unable to do so. This time the volume has been rising as seen in the chart so there seems to be a very possible chance of a breakout. Note - This is not a recommendation, it is just for education purposes. Trade at your own risk.
What is Breakout Trading ? A breakout is a potential trading opportunity that occurs when a share price moves above a resistance zone or moves below a support zone on increasing volume . For trading breakouts one should be aware of support and resistance . It acts as the backbone of Price Action trading. What is Support & Resistance ? Support is a place...
What Is Stop Hunting? Stop hunting is a strategy that attempts to force some market participants out of their positions by driving the price of an asset to a level where many individuals have chosen to set stop-loss orders. The triggering of many stop losses at once typically creates high volatility and can present a unique opportunity for investors who seek to...
As you can see multiple pattern on chart stock is ready for one more big move
Stock is continuesly facing resistance in monthly time frame @ current level it looks like now it will break and go up
As we can see brent crude in corrective phase in monthly time frame and again near to breakout levels if it breaks then we can see big rally in this counter
Underlying logic: 1. The price gets rejected from a level repeatedly and forms a major resistance. 2. There is an initial test of supply which absorbs some pending orders 3. The price finds a bottom and some sort of accumulation happens. 4. After the accumulation, the price tries to move back up to retest the resistance level. 5. A bull trap is confirmed when...
DIXTON TECHNOLOGIES BUY ABOVE 3800 TARGET 4320 STOPLOSS 3385 HOLDING PERIOD 2 TO 3 WEEK
Crude oil has given a fresh breakout after weeks of consolidation. This breakout could test $ 45, 48 & 51 (INR 3250, 3500 & 3800) provided it does not retrace beyond $41.30 (3070)
Example of a bullish symmetric triangle breakout on BankNifty as observed on the 15 min charts. As the price moves between the converging trendlines, the point closest to the tip of the triangle, presents a good entry point to go long. The stop loss for the trade was the previous swing low and the target was the day's high. Giving a good 80-90 point profit, with...
stock is at an breakout level on a weekly chart one can long for the target of 265
Axis Bank trendline breakout can set the momentum for this expiry. 600 is acting as a great support as per OI data.