SBILIFE CLASSIC BREAKOUT HAPPENINGSBI LIFE 1350, witnessing classical inverted head and shoulder breakout on weekly charts. Target can be 1450 to 1520. invalid below 1280 on weekly closing basis. Entry should be above 1350 on weekly basis
Alltimehigh
TATA STEEL PERFECT VCP PATTERNBuy Tata Steel 145 for 155 to 180. Perfect VCP pattern with gradual higher high formation nearing all time high breakout. Good fundamentals are there in TATA STEEL
NIFTY DAILY - 22/2/2024Indian index opens with negative note and made days low that is 21875,
but into second half bull started buying from lower end and took over the market and made days high that is 22252 that is also a new all time high of index.
Index has form green body candle with long lower shadow and upper shadow which indicates that participants were buying from lower end.
We may see resistance at 22381 level and 21989 level will work as support.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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LTTS close to ATHNSE:LTTS is close to its all time high now. On weekly charts, one can look for the breakout and then add in this position. This business looks strong and with other listed peers like NSE:TATATECH commanding a strong valuation, one can expect better P/E multiple for this business as well. Buy only on breakout.
NATCOPHARM - 2 years consolidation / Cup With Handle BreakoutNatco Pharma Ltd
1) Time Frame - Weekly.
2) The Stock has been in a consolidation since (January, 2022). Now It has given a breakout & Closed with strong bullish momentum in weekly time frame.
3) Next Resistance / Target will be it's previous Life Time High 1189.
4) Recommendation - Strong Buy
LICI- All time high breakoutInsurance sector in action with leading company giving all time high breakout. LIC of India is giving all time high breakout on daily chart. The volume in last 1-2 months are quite high and stock has till now given a returns of almost 30% in year 2023. This seems just the beginning of rally in this stock.
The next possible levels on the chart is 1083 according to Fibonacci.
Disclaimer: The stock shared is only for educational purpose and does not include any buy or sell recommendations.
ITDC / INDIA TOURISM - 6 years consolidation breakoutITDC
1) Time Frame - Weekly.
2) The Stock has given 6 years consolidation breakout with huge volume & strong bullish candle close in weekly.
3) The next target / resistance would be its previous life time high (747 - 17% from the current price 636.70).
4) Recommendation - Strong Buy
SHREDIGCEM - 2.5 years Consolidation Breakout.SHREDIGCEM
1) Time Frame - Monthly.
2) The Stock has been consolidating since August, 2021 and has given a breakout & Closed with strong bullish momentum & Huge volume in monthly time frame.
3) Next resistance will be around the price 142.
4) Recommendation - Strong Buy
GANESH HOUSING - 16 Years High Breakout - ALL TIME HIGHGANESHHOUC
1) Time Frame - Weekly and Monthly.
2) Previous life time high was 566 in 2008. After 16 years of consolidation, The Stock has given a breakout with huge volume & strong bullish candle close in weekly.
3) Option 1 - With the strong weekly close in All Time High, Buy at this current level.
Option 2 - Wait for the strong bullish Monthly candle's close with huge volume above the price 566.
4) Recommendation - Strong Buy
IIFL SECURITIES - PREVIOUS ALL TIME HIGH BREAKOUTIIFLSEC
1) Time Frame - Monthly.
2) ALL TIME HIGH breakout in monthly.
3) Primary trend will act as a resistance / profit booking zone in the long term at (Price 204).
4) Recommendation - Strong buy
INDOAMIN / INDO AMINES LTD - 7 months Consolidation BreakoutINDOAMIN / INDO AMINES LTD - 7 months Consolidation Breakout.
1) Time Frame - Weekly.
2) 7 months of consolidation broken in Daily Time frame With Huge Volume.
3) Stock will find a resistance around the price 176.40 (Previous All Time High).
4) Recommendation - Quite risky to enter with daily time frame but still it is a Good buy / one can buy after the weekly candle's close as same as today in Daily Time Frame.
ALLSEC / Allsec Technologies - PREVIOUS ALL TIME HIGH BREAKOUTALLSEC
1) Time Frame - Weekly and Monthly.
2) Stock hit the previous Life time high 747.90 on 2022, January and Now the stock has broken It's Life time high 747.90 with huge volume & strong bullish candle in weekly and closed at It's All TIme High.
3) Option 1 - With the strong weekly close in All Time High, Buy at this current level.
Option 2 - Wait for the strong bullish Monthly candle's close with huge volume above the price 747.90.
4) Recommendation - Strong Buy
SWING IDEA - BALKRISHNA INDUSTRIESFor savvy traders seeking the next big opportunity, Balkrishna Industries is now in the spotlight with a breakout that demands attention.
Reasons are stated below :
After multiple tests, Balkrishna Industries has triumphantly closed above the key resistance level at 2675, signaling a decisive breakthrough.
The stock has shattered a robust consolidation spanning over two years, suggesting a potential shift in the underlying market dynamics.
A bullish hammer formation, engulfing the preceding candles, provides a strong visual cue of bullish momentum, enhancing the appeal of this breakout.
Balkrishna Industries has not only breached but also taken out all previous highs, showcasing the strength of the current upward movement.
The stock's ability to establish constant higher highs underlines a sustained bullish trend, offering traders confidence in the stock's positive trajectory.
With the price trading above both the 50-day and 200-day EMAs, the technical landscape indicates that the trend is intact, adding another layer of confirmation to the breakout.
Target - 3144 // 3361
StopLoss - weekly close below 2506
@visionary.growth.insights
PAKKA / PAKKA LIMITED - All Time high - BreakoutPAKKA
1) Time Frame - Weekly.
2) Stock has given a breakout with huge volume & strong bullish candle close in weekly.
3) The next target would be around the price (460 - 19%) from the current price 385.45.
4) Recommendation - Strong Buy
HFCL LTD - Triangle Breakout in MonthlyHFCL LTD
1) Time Frame - Monthly.
2) Downtrend / Triangle Breakout in Monthly with good volume.
3) Next Resistance / Target would be (Price 101.35) - Previous all time high.
4) Recommendation - Strong buy
GSLSU / Global Surfaces Ltd - Consolidation / IPO Base BreakoutGSLSU
1) Time Frame - Weekly.
2) Previous Life Time High was 239.30. It has been consolidating since 2023, March & given a breakout in weekly time frame currently.
3) It's a consolidation / IPO base breakout with strong bullish candle & Good volume.
4) Recommendation - Strong Buy
CESC - All Time High BreakoutCESC
1) Time Frame - Monthly.
2) Previous ALL TIME HIGH breakout in monthly with good volume.
3) Stock will find an Immediate resistance around the price 142.80 / Retrace and breakout further in the upcoming days.
4) Recommendation - Quite risky but still it is a Good buy.
Amazing swing trading idea for 18 January Markets I daily make educational content videos for swing / positional trading
BHARAT FORGE TURNING INTO MISSILEBUY BHARAT FORGE 900 for 1000 to 1040. Perfect weekly rounding breakout at all time highs. Keep stop near 775 range on weekly closing basis. Bharat Forge has been awarded as defence license
BANKNIFTY SHOULD TEST 47500BANKNIFTY taken support at 25EMA and now set for to test ATH till 47500. BANKNIFTY perfectly getting support at EMA and trendline support levels
KTKBANK / KARNATAKA BANK - Previous All Time High BreakoutKTKBANK
1) Time Frame - Weekly.
2) Previous Life Time High was 194.60 in the year 2008. It was broken on July 2023 & Sustained / Consolidated for 6 months above the price 194.60 and marked a breakout with strong bullish candle and closed at All Time High currently.
3) The next resistance would be in between the price 300 to 314.
4) Recommendation - Strong Buy
12 Jan ’24 — Traders are cold-blooded, Bias changed to Bullish🐂Nifty Analysis - Stance Bullish ⬆️
Recap from yesterday “Nifty looks perfectly neutral from here, the moment the support of 21491 gives away — we can start looking for bearish opportunities. To go bullish the ATH has to be taken out. With the IT majors TCS and INFY declaring the results — we should have a strong swing direction tomorrow.”
4mts chart link
Major highlights today
Gap-up of 120pts ~ 0..56%
NiftyIT gains 5.14%
Nifty50 takes out the ATH, new value = 21928
Nifty goes from neutral to bullish
Today’s stop came right at the ascending channel top-line
Never seen NiftyIT so stubborn to go up, a gain of 5.14% far exceeds expectations, and that too when the IT majors are at their all-time highs. What we still do not understand is the reason for outperformance when the results were average. Anyway, this was the major reason Nifty50 broke out from the neutral zone to the bullish zone.
63mts chart link
Today’s price action was along the top trend line of the ascending channel, and careful enough not to break it. There is no shame in saying traders are cold-blooded. We cannot stick with our bias, direction, or opinions and expect the market to behave as per our analysis. If the markets have turned, we need to adapt. Till yesterday, we were looking for neutral trades with a possibility of going down. See how the tables have turned today. For Monday - we need to look out for bullish opportunities now.
SULA / Sula Vineyards Ltd - 5 months consolidation breakout ATHSULA / Sula Vineyards Ltd - 5 months consolidation breakout | All Time High
1) Time Frame - Weekly.
2) 5 months of consolidation / previous All Time High broken in weekly time frame with huge volume.
3) Since the stock is moving in an uptrend channel it will find its resistance around the price (626.45 - 13% from today's close).
4) Recommendation - Strong Buy
