Possible Zone Breakout in Ganesh BenzoplastGanesh Benzoplast is ready for zone breakout. If we narrow down the time frame, we can observe price is constantly taking support at 50MA which is healthy price action.
Breakout will be confirmed if the price closes above 142.
Trade set-up
1) Enter trade only if price closes above 142 in daily time frame.
2) Possible targets for the trade153,170,187.
3) Stop loss at 120.
Note:-
This is not a recommendation. Do your own analysis.
Pls feel free to share your thoughts on this trade.
thanks.
Alltimehigh
GRP Ltd Weekly Cup and Handle Breakout & all time high breakout?Recently we can see a Cup and candle Formation(5 years), and this week, cup and handle pattern broken with maruboze candle which is supported by good volume.
supporting this pattern , now its all time also broken and formed new high of 1914.70.
For the further upside movement its should break 1915 properly in a weekly chart, then is can go till 2840 range at the same time 1815 must act as Major support if it is a genuine breakout then we can keep SL of 1700.
Technically Stock is having potential to reach 3000 range.
Situation 2:
If it is coming for retest then 1600 should act as major support and good chance to enter by keeping SL below 1430 ( Less Risk Takers) and for risk takers 1195 will the SL.
Share your opinion in the comment section.
This is just a View not recommendation to trade, Do your own analysis before taking any trade.
NSE:GRPLTD
Target 1 achieved in Tcplpack | 9.5% mover This idea is a follow-up to Tclpack
You can check the Link to Related Ideas.
Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your financial advisor.
Angel Broking Breakout RetestAngel Broking has retested its breakout and one can go long in this counter by keeping a stop loss at Rs.1590 as it still trades at All time high. I do not expect bumper returns from this level as initial breakout gave plenty, but a good consolidation at these levels can mean that the stock can still do well in the coming months.
Titan | All Time High | BreakOutNSE:TITAN sets all time high. It forms a good bullish breakout candle with good volume. Also it sustained above the previous ATH level. Aggressive traders can take a position above the current ATH. Conservative traders could wait for the retest. If you look at lower TF, today it breached the level without facing any kind of resistance. After setting New ATH it consolidated for some time. So, If I am right it will retest after giving some more up move. Do your own analysis before entering the trade.
VEDL Heading toward all-time highPrice action in Vedanta (NSE: VEDL) looks strong as seen on this monthly chart. The stock seems to have broken out of this tilted trendline and is heading toward All-time high of 495-500 zone. Long can be initiated above 385 for 495 as the target. SL may be kept at Jan'22 low of 307.
Note that this is monthly chart and hence target & stop loss are relatively big. Also, time horizon is 3-6 months.
BSE ready to fly #bsehi friends
BSE was consolidating for two months now came out of traingle pattern and then made new parallel channal and also coming out of this channal
above it we can see all time level will be tested but for two days it has been able to sustain at that level .
we can expect a bigger move once it breaks that chanal and alltime high level , but we can enter at CMP .
also RSI is favourable and has much space to go up .
I'm not any SEBI registered person , just making my own analysis.
NAHARPOLY | Fibonacci BO | ATH | Triple Bottom BaseNSE:NAHARPOLY
Fibonacci Breakout with ATH Closing
Triple Bottom Base with Volume Contraction Pattern
Strong Support at Fibonacci Levels
Potential : Minimum 50%
Target: 391-437-512-558
Weekly RSI> 55 and rising
Volume Rising
Previous Chart of NaharPoly (Which achieved all targets) is provided in the Link below
SBIN - Fibonacci Levels - ATHNSE:SBIN is nearing to all time high 543.
It reached the previous All Time High (ATH) resistance zone and trendline resistance level.
On Jan 28th it showed the rejection from top with good bearish candle and Jan 31st it forms a good bullish candle.
Based on the market direction take the trade.
Can we see the new ATH in NIFTY?No doubt that market will be highly volatile ahead of Budget
Summary
1) As of now you can see that Nifty is trading in one particular (white) channel in which it had given a breakout in past and made an ATH of 18604.45
Channel width is 1,566 points.
2) In the chart there are 3 EMA's 10 is red, 20 is green, 50 is blue.
3) There is also a Red channel which has a width of 430 points which given a breakdown and achieved the target easily in 3 trading sessions.
4) Biggest technical support of Nifty is the channel line in which it is trading and Physcological support, for now, is 17K closing basis.
5) On a daily timeframe nifty is weak. Reason- 10 EMA given a negative divergence and crossed 20 and 50 Ema.
On the other side, Bannifty is very strong and has seen very good buying volumes in all banking stocks.
6) Nifty IT is oversold and expecting some recovery in it and Banknifty is so strong that it can also pull nifty up.
7) This view will fail if nifty gives 2 consecutive below the channel. Till that time Nifty is buy on dips and ready to make a new ATH.
Note: Please don't create postions according to this view. This is just aview trade on levels.
CNX AUTO | 4 Yr C&H Formation awaiting BO | Potential 70% NSE:CNXAUTO
NIFTY AUTO INDEX in CUP & HANDLE Formation.
Awaiting Breakout above 12050 on Weekly Closing Basis.
This is the Resistance not broken since 2017.
Once Breakout happens after 4 years, it would open path for
New Targets : 14000 - 16600 - 19500
Buy AUTO ETF
SL: 9950
Golden Crossover & rising weekly RSI
Link to Charts of Auto Ancillaries shared recently
COSMO doing strong Breakout#cosmofilms
Has given strong breakout today.
Weekly close is good.
Completed Fib retracement and bounced from there.
Add till 1655.
#vr