ZENSAR ATH BREAKOUTZensar, 840, gave all time high breakout after multiple attempts. Volumes are supporting. Strong results are backing the stock. Buy with small stop of 815-820 for 880/920/950/1120. Stock also gave breakout of Inverse H&S pattern.
Athbreakout
RGL Global Ltd. Base Breakout!Analysis of Renaissance Global Ltd (RGL)
Technical Overview:
Base Breakout: Immediate resistance at ₹217.62.
Safe Traders: Wait for the ₹217–₹218 level to break with high volume and a strong Wide Range Candle (WRC) for confirmation.
Entry Level: ₹205.77.
Stop Loss (SL): ₹179.27 (12.88%).
Target 1 (T1): ₹251.60 (+22.28%).
Target 2 (T2): ₹297.10 (+44.45%).
Risk-Reward (R:R): 1:1.73 for T1, 1:3.45 for T2.
Technical Highlights:
Volume: Significant increase, indicating accumulation.
RSI: Gaining strength, showing bullish momentum.
Fundamental Overview:
Market Cap: ₹1939 crore.
P/E Ratio: 26.2 (compare with sector P/E for evaluation).
ROCE: 8.25%, reflecting mediocre efficiency.
Fundamentals aren't highly attractive but technicals suggest good potential.
Key Risks:
Sector Comparison: Evaluate P/E and ROCE against industry peers.
Breakout Strength: Ensure price sustains above ₹217–₹218 with robust volume for safer entry.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Trade based on your risk tolerance.
PRAJINDPRAJIND has given inverted H&S pattern breakout. It is trading continously higher despite market correction. Market participation is also increased. It is trading nr ATH. Keep it in watchlist.
Policybazar-A rounding bottom pattern of ATH breakoutPolicybazar has formed a beautiful rounding bottom pattern and is now looking strong for a strong bullish trend.
Stock belongs to new age startup category and investing has more risk associated compared to bluechip stocks.
ATH breakouts are usually explosive and can be considered for quick swing trade as well.A similar pattern was observed in Zomato and stock has given good returns since then.
Idea is just my personal opinion and not a recommendation.
GODREJ agrovet On Weekly Flag and pole formation.
Taking support On previous ATH.
Waiting for the breakout
Keep an eye on THIS STRUCTURESTERLING TOOLS forming All time high breakout and restest structure. Just mark low to high FIBONACCI RET. and SEE.....
MUNJALAU- ATH Breakout and RetestMunjal Auto Ind Technical Analysis:
All-Time High Rejection: The price initially faced resistance near the all-time high level, resulting in a rejection and pullback.
Consolidation Before Breakout: The price consolidated for a significant period, indicating accumulation and forming a base before breaking out.
Breakout with Massive Volume: There was a strong breakout above the previous resistance level, confirmed by a surge in volume. This indicates a high probability of continuation to the upside.
Breakout Retest: After the breakout, the price has pulled back to retest the breakout level. Such retests are common and provide an opportunity to enter if the price shows strength.
Bullish Candle at Breakout Level: The presence of a bullish candle at the retest level suggests that buyers are stepping in to support the price, making this a potentially strong entry point.
Entry, Target, and Stop Loss Levels:
Entry Level: The ideal entry is at the current price level, around ₹124. If the price confirms a bullish reversal pattern, you can consider entering above ₹125 for additional confirmation.
Target Levels:
Target 1: ₹138 (Short-term resistance level).
Target 2: ₹150 (Next potential resistance if the price continues to trend higher).
Stop Loss:
Place a stop loss below the recent low or below the breakout level.
Suggested stop loss range: ₹112 - ₹115, to protect against downside risk in case of a failed retest.
Gokul Agro-Volume breakout of ATHGokul agro has tested level of 150 multiple times in last couple of years.
Stock has managed to break the level now with heavy volumes.
Stock can be accumulated for big returns in future, more than 2x.
Stock is available at decent valuations currently.
However, stock comes under high risk category so safe investors should stay away.
However, such breakouts normally bring explosive move in small cap stocks, given broader markets are supportive.
Keep in watchlist for educational purposes.
CGPOWER BREAKOUTTrendline has already broken. Now the stock is ready to break ATH
Disclaimer
The ideas and views shared here are for educational and informational purposes only and should not be considered financial advice. Trading and investing in financial markets involve significant risk, and past performance does not guarantee future results. Please do your own research (DYOR) and consult with a certified financial advisor before making any trading or investment decisions. I will not be liable for any financial losses or gains resulting from following these ideas. Trade carefully and at your own risk.
BAJAJ FINSERV ATH BREAKOUTBajaj Finserv has been consolidating since 2021 and had formed a bullish pennant pattern , which it has already given breakout of , If The stock gives strong weekly closing above all time high levels with good volumes it can bring further momentum in stock
Do lookout for weekly closing above 1933 levels for possible target of ~ 2800 on positional basis
Indegene-Is it ready for takeoff ?Indegene is a futuristic high growth company which is a digital-first, life sciences commercialization company.
Reason of trade:-
Stock has formed cup and handle pattern and has given breakout of hourly ATH with closing basis. Stock is currently consolidating above breakout level which indicates accumulation.
Note:-Risky trade which is shared for educational purposes only and should not be considered a recommendation
AB Sunlife AMC- A good breakout for long term investors!Aditya Birla Sun Life AMC Ltd has given ATH breakout after almost 3 years.
Company belongs to high growth AMC sector and is available at decent valuation.
Rising volumes is a signal of a big bull run which might be coming in next few months.
Rounding bottom breakout of ATH normally give explosive moves. Keep in watchlist.
Not a recommendation. Please do your own analysis before investing.
BALRAMCHIN ATH breakout after 2 years of consolidationBALRAMCHIN has finally broken out after a prolonged 2-year consolidation period, signaling potential upward momentum. This breakout could attract strong buying interest as investors and traders alike take notice of the stock's renewed strength. Keep an eye on the volume and price action in the coming days to gauge the sustainability of this move, as it may present a significant trading opportunity.
Consolidation breakout is on the cards!Vguard has been consolidating from 2018 in a rising wedge pattern.
Today, the stock has given a breakout of its ATH and is currently looking bullish.
However, the best entry for the stock is 255-260 with a SL of below 235 DCB for minimum target of 300.
The stock can give multibagger after a upward breakout of the pattern.
Idea is shared for educational purposes and should not be considered as a recommendation.
CDSL -Bull run 2.0 loading?CDSL has been in an amazing bull run since last 2 years because of the growing investment in Indian stock market.
Stock has formed a beautiful inverted head and shoulders pattern near ATH.
A breakout of the pattern will bring more bullishness in the stock.
I would rather prefer adding on dips than having a close SL in such stocks.
Sansera-IHNS breakout coming near ATH!Sansera has been consolidating at its ATH since past few months and has formed a beautiful inverted head and shoulders near the same.
Once 1100 is broken DCB, we will see quick upside in the stock.
Today, Q4 results are going to be announced, hence we might see gap up/gap down tomorrow.
Only risky traders should enter today.
TCS-An ATH breakout of investment stock with IHNS pattern!TCS is India's largest IT stock which has been consolidating since 2021 in an inverted head and shoulders pattern.
Stock has managed to give weekly closing above neckline with decent volumes.
Positional traders can also keep an eye on this breakout. If it sustains, we can see good quick move in the stock.
However, markets are also trading at ATH and a correction MIGHT be seen post budget.
It is better to watch the market reaction and stock movement for a week before entering.
Not a recommendation, just my personal opinion
KelltonTech-An ATH breakout which you shouldn't miss!Kellton tech has given a weekly breakout from an ATH supply zone of 120-130 with very heavy volumes.
Stock has formed cup and handle pattern since 2017 and now looking strong for a big quick uptrend.
This stock is a potential multibagger with decent fundamentals.
Shakti pumps-A long-term investment stock!Shakti pumps had given volume breakout of cup and handle pattern in weekly time frame
Stock is retesting the breakout and low volumes during retracement indicate the same.
If the stock bounces from this support of 950-975, one must not miss this stock for medium to long term. Levels mentioned on chart.
One of the best stock to invest in "Make in India" growth story.
Stock has given remarkable returns in the last 1 year and has the potential to give similar returns in coming years.
BEPL-An ATH breakout for multibagger returns!BEPL has been consolidating in a cup and handle pattern in monthly timeframe
130-150 has been a strong supply zone for the stock which has been successfully crossed.
Now, we might see a big strong move as gates are open for stock.
Long term investors should not miss this stock.
Swing traders should wait for pull back of 135 levels for entry.
We can expect multibagger returns from stock in future.
MGL-Retesting of multiyear ATH breakoutMGL is a PSU stock in gas distribution.
Stock had given good move after multiyear ATH breakout and is currently retesting the breakout.
A safe stock for long term investors available at reasonable valuations.(Not a recommendation)
The only risk with gas distribution stocks are margins are dependant on crude oil prices.
GEECEE VENTURE: All-Time High Breakout OpportunityWe are witnessing a remarkable opportunity as GEECEE VENTURE makes an all-time high breakout. The price structure leading up to this breakout is quite compelling, adding to the appeal. However, it's crucial to exercise caution to avoid getting caught up in a potential fakeout.
Here are our criteria and steps for this trade:
Confirmation Close: We need today's price to close above the all-time high (ATH).
Breakout Confirmation: We want to see today's high broken in the coming days.
Initial Entry : We plan to enter with 30% of our usual quantities when today's high is breached.
Re-entry on Re-tests: We'll consider adding more at the re-tests indicated on the charts.
Please refer to the chart for our stop-loss (SL) level, which we'll adhere to if the trade doesn't unfold as per our analysis.
Our analysis aims to be crystal clear for the audience, providing a compelling opportunity while emphasizing the need for caution. We invite traders and investors to join us in exploring this potential trade.
Please let me know if you'd like any further adjustments or additions to the content.
