Get started

Breakdown

TCS: Rising wedge breakdown?A decently medium term upward trendline originating from November 2020 has recently been broken by TCS. In fact, it seems to have started respecting recently formed downward trendline. After the recent pullback to the trendline and the averages, it is seeing the beginning of another bearish leg downwards. _____________________________________________________________________________________________________________________________________________________ The pattern which has formed resembles a rising wedge and price seems to be breaking down from it. The bearish volume on the latest bar is also above average. It is possible that the downward momentum may continue further for some time. The 20 and the 50 EMA which act as support during an uptrend also seem to be reversing their roles. They are exactly from where price is reacting to the downside, so they may be turning into resistance. _____________________________________________________________________________________________________________________________________________________ Price could see a correction to the round figure level of about 3000. A positional short could be initiated if price sustains below the "SHORT BELOW" level for 15 minutes. SHORT BELOW: 3162 STOP LOSS: 3223 TARGET 1: 3106 TARGET 2: 3045 _____________________________________________________________________________________________________________________________________________________ Plan your trade and manage risk properly. Like and follow for more. :)
NSE:TCSShort
by Tradeception_
KABRA EXTRUSION | STILL STUCK IN THE RANGE | NSE:KABRAEXTRU STILL STUCK IN THE RANGE. NEED TO WAIT FOR THE EITHER SIDE OF THE BREAK. If it gives the breakout on the upper side on daily candle with volume then we will see upside movement and same for breakdown on the lower side. In positional trade, there will be easy 5% that one can get from this trade. Keep this on Radar. But only take the trade once it have a cross the the level on daily candle with volume on either side. Do comment if you have any doubt or suggestion.
NSE:KABRAEXTRU
by Trading_hawk
Mentorship InstaView 27 July’21: So it decided to Break Down 
Nifty View: A disappointing close from the benchmark Nifty index in today’s session - down 85 points to post a close at 15,734. This fall reverses the short term trend of the index DOWN and back to the support zone close to 15,650 which has so far worked well to hold up most sell-offs. Now, will it be able to hold up the index this time? My guess is as good as yours, but considering the higher time frames and the manner in which average prices have slowly tilted down, the possibility of some more weakness is very likely. As suggested before, this is not the best of times to go bullish aggressively, let’s wait out for a better price and opportunity. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
1
Multiple Breakouts in UptrendIn this Birla Corp. stock we have witnessed multiple breakouts in bullish trend for almost now a year. This trend line is now a major support. These are the multiple points where an investor or trader can take entry and can efficiently plan a strategy and do money management. And price action makes analysis simple and easy to understand and is least complicated. The more simplistic the analysis is for yourself and more effectively and efficiently one can take actions in entry point for investment decision or trading position. And the money flow index helps me to understand the strength in breakouts and breakdowns and volumes too. This post is for to show you how without making things complicated you can analyze and earn money. But remember just seeing breakouts/breakdowns one should not enter. Multiple confirmation are must, like candlestick patterns, fibo retracement, price action patterns, etc. This post is for information purpose only.
NSE:BIRLACORPN
by AkshayAdak
WATCH THIS BOUNCE BACK !Cochin Shipyard is clearly forming a parallel channel pattern as you can see in the chart. Stock is now very much near its support line and can bounce back at any moment. Note :- If stock gives breakdown of support line , don't make a long call here. If a proper reversal candlestick pattern like morning star, doji , bullish engulfing etc is seen near the support line only then make a long call. Target will be near the resistance line , i will advise you all to book profit before the stock touches the resistance line as it can reverse before too. Only for education , feel free to share your views/feedback.
NSE:COCHINSHIPLong
by deswingmaster
5
PENNANT & POLE PATTERN BREAKOUT AHEAD !SAIL : As you all can see that SAIL is forming pennant pattern from around 07 may 2021 , it took around 70 days to make this pattern. Now pattern is almost about to give a breakout / breakdown. If it gives breakout , it will also break the 50 simple moving average (green line in the chart ) , Which is a strong bullish sign. Pole height is around 60% this implies the stock has more room ahead to move. If not 60% , 20% to 30% is also a good target for short term. Lets keep Entry above 130 and very short term swing target of 148 . Mid and long term holders can keep high targets. This was my personal analysis on the stock and it was only for educational purpose. Feel free to share your views/ feedback.
NSE:SAILLong
by deswingmaster
1
Mentorship InstaView 23 June’21: Disappointing 
Nifty View: Indeed it was a disappointing trading session for Bulls as the benchmark Nifty index failed to hold onto its strong opening, slipped significantly from intraday highs to close below 15,700. We were anticipating a sustained break above (15,750-15,800), which the index did break but could not sustain - a sign of selling pressure at higher levels. Now with the expiry of derivatives contracts scheduled tomorrow, we need to be extra careful as intra-day volatility is likely to be above average. On the upside, super important for Bulls will be to scale above 15,800 and in such a case we can see some high-momentum move up. Chances of a slide down should not be discounted, especially after today’s late-hour selling. A break below today’s low of 15,677 and we should be heading towards 15,620. Stay cautious and prepare to deal with the heightened volatility coming our way. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul