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Box-breakout

ADSL - BREAKOUT AND A 2X CANDIDATE BASED ON FUNDAMENTALSHi All, This idea is about Allied Digital Services Ltd Mkt Cap - 1204 Cr Stock PE - 26 Mcap/Sales - 1.75 As per mgmt concal transcript, revenue guidance of 1000Cr in FY25/26 Assuming NPM at 8%, this could take the mktcap to 2200Cr easily which wud appreciate the stock price towards levels of 400 Technically also its a healthy breakout with expanding Moving averages after tight consolidation. Volume is extremely good to support further price action Happy Trading, Thanks, Stock-n-Shine
NSE:ADSLLong
by Stock-n-Shine
GPPL - STAGE 2 ADVANCE IN PROGRESS WITH STRONG SECTORAL WINDSHi All, This idea is about Gujarat Pipavav Port Ltd Fundamentals Mkt Cap - 11k Cr MCap/Sales - 11.6 P/BV - 4.95 EPS - 7 PEG - 3 Technicals Price action has formed 2 bases of nearly 25% contraction/expansion each along with Stage 1 advance of 20%. Shipping sector is buzzing right now & the price action has successfully broken out of base 2 advancing to Stage 2 Base is nothing else but Box breakouts Happy Trading, Thanks, Stock-n-Shine
NSE:GPPLLong
by Stock-n-Shine
WELCORP - CLEAN BREAKOUT OUT OF DARVAS BOXHi All, This idea is about Welspun Corp Ltd FUNDAMENTALS Mkt Cap - 17161 Cr Mkt Cap/Sales - 0.99 P/E - 15.5 P/BV - 3 FCF - 1022 Cr D/E - 0.35 Promoter increase thr stake by 0.18% ROE - 21% ROCE - 21.6% Technicals Price has been consolidating within a range of 25% and has now given a decisive breakout above the supply zone. There was a mid resistance as well which was broken with good volumes Hope you have a profitable trade, Thanks, Stock-n-Shine
NSE:WELCORPLong
by Stock-n-Shine
4
VBL Varun Beverages Expecting 30-40% by End of this Year.Varun Beverages Limited is an Indian multinational company that manufactures, bottles and distributes beverages. It is the largest bottling company of PepsiCo's beverages in the world outside the United States and the largest in the AMESA sector. Promotors Have 62.9% March 2024 Net Profit: 548 cr Technical side: Darvas Box Theory Targets: 1844/2037/ 2206 Duration: 6-8 Months Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
VLong
by NaveenTTR
FCL: CHEMICAL SECTOR, PERFECT BOX BREAKOUTNSE:FCL perfect box breakout from darvas ji ka box CMP 188, near resistance 195, should be weak resistance as it is very old one from 2015. The old the resistance the weaker the resistance Great Improvement In Fundamentals, Rising Sales Last 7 Quarters, Almost Nil Debt, Roce & Roe Both Above 20, All Margins Increasing. EPS STRENGTH 71, PRICE STRENGTH 84, BUYER DEMAND 'A', MASTER SCORE 66, GROUP RANK 76 OF 197 CHEMICAL SPECIALITY Disclosure: Personally Invested Buy Average Price 168
NSE:FCLLong
by BHARAT_WASI
INDIACEM--> FALLING WEDGE BREAKOUT + BOX CONSOLIDATION BREAKOUTNSE:INDIACEM TECHNICAL ANALYSIS --> INDIACEM is on the uptrend on a bigger timeframe forming Higher Lows . --> INDIACEM has given a breakout of the FALLING WEDGE pattern previously. --> Now INDIACEM is on the verge of breaking out of the BOX CONSOLIDATION pattern. --> INDIACEM has given consecutive closing above the POC (Point of Control-Volume Profile) and cluster of 9EMA, 21EMA& 50 EMA . --> Stock has tested the top of the BOX RESISTANCE multiple times ,so next time there is a hIgh probablity of breakout. ENTRY --> Take a postion when stock gives 1 HR closing above 218.50 . STOPLOSS --> SL can be placed below the Breakout Candle at 208 . TARGET --> Target 1 will be around 229 which is a weekly Resistance. --> Target 2 will be around 249 which is the next Resistance near ATH.
NSE:INDIACEMLong
by Roswin-Fernandes
6
A Comprehensive Guide to Rectangle Formation.Introduction: Price trends do not usually reverse on a dime. uptrend and downtrend are typically separated by a transitional period or trading range, and trading range formation signal trading opportunities for traders. The trading range separating rising and falling price trends discussed here is a pattern known as a rectangle. This post will cover these questions: 1. Types of a trend reversal. 2. Rectangle formation. 3. consolidation rectangles. 4. Significance of a rectangle pattern. 5. Retracement moves 6. What when a rectangle fails? 1.Trend reversal The turning point between the bull and bear phases is termed a reversal pattern. # Reversal patterns at market tops are known as distribution because the security is said to be “distributed” from strong, informed participants to weak, uninformed ones. # Price patterns, including rectangles, that develop at market bottoms are called accumulation formations where the security passes from weak, uninformed participants to strong, informed ones. a.Horizontal or transitional reversal. An oil tanker takes a long time to slow down and then go into reverse. The same is normally true of financial markets. Generally speaking, the longer the trend, the more time spent in the reversal (turnaround) process. This transitional or horizontal phase has great significance because it is the demarcation between a rising and a falling trend. b. Reversal on a dime without warning. This type of reversal is the exception to transitional reversal and they are the highly emotional market that changes without warning. 2. Rectangle formation. The figure shows the price action at the end of a long rising trend. price starts to move in a trading range between Point A and Point B. Point A can be identified as a resistance area after the price backed of two times from Point A. Point B can be identified as a support area after the price moved up two times from Point B. one can draw horizontal trendlines or Box on the chart to mark the level. At this point, the demand/supply relationship comes into balance in favour of the sellers whenever the price reaches A, and the demand/supply relationship comes into balance in favour of the buyers when the price reaches B. Finally, prices fall below point B signals a trend reversal and the sellers are dominating the market. 3. consolidation rectangles. If the rectangle following an uptrend is completed with a victory for the buyers as the price pushes through the upper line A , a reversal does not develop because the breakout above A reaffirms the underlying trend. In this case, the corrective phase (trading range) associated with the formation of the rectangle temporarily interrupts the bull market and becomes a consolidation pattern. In the figure, a breakout to the upside makes this pattern a continuation rectangle. #the prevailing trend is in existence until it is proved to have been reversed. 4. Significance of a rectangle pattern. i. Time Frames The longer the time frame, the more significant the pattern. A pattern that shows up on a monthly chart is likely to be far more significant than one on an intraday chart, and so forth. the longer a pattern takes to develop in a particular time frame, the greater its significance within that time frame. # Most of the time the larger pattern will be more important, but not every time. In technical analysis, we are dealing in probabilities, never certainties. ii.Volume Considerations. volume is an important independent variable that can help us obtain a more accurate reflection of crowd psychology. volume shrinks during the formation of pattern and blastoff on successful breakout/breakdown of the price. iii. Measuring implications: The depth of the pattern is projected in the direction of the breakout from the breakout point 5. Retracement moves. Many times when the price breaks out from the rectangle, the initial move is followed by a corrective move back to the breakout point. This is known as a retracement move, and it offers an additional entry point for left out players who pushes the prices again in the breakout direction. 6. What when a rectangle fails? One of the first things that should be done upon entering any business venture is to weigh the possible risk against the potential reward. the same is true in the financial markets. *Amatures on breakout only focuses on potential profits. *Professionals always consider the risk as an equal. this means when opening a new position you have to consider the risk to reward ratio and decide prior to opening the position what type of price action would cause you to conclude that the breakout was a whipsaw. Some price action to consider to identify a whipsaw (fake breakout). a.50% rule. It very much depends on the chart. If there are no obvious support points, many traders believe that a penetration of the 50 percent mark is the place to exit. In this case, the 50 percent mark is the central point between the two horizontal lines that make up the rectangle. b. Trendline support using price action trendline to identify if the trend is valid or has been breached. c. Stop below/above the opposite line of breakout/breakdown. one can set a stop above the resistance line if the short-sell position is triggered. or set a stop below the support line if the long position is triggered. d. False breakouts: Shrinking volume on an upside/downside breakout. Hope you found this helpful and I sincerely hope you find a ton of good rectangle formations to trade-in! Happy Trading!
NSE:TITANEducation
by SANJAYPATIDAR_
30