TD Power Systems - Breakout Setup, Move is ON...#TDPOWERSYS trading above Resistance of 309
Next Resistance is at 390
Support is at 228
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout!
Bank Nifty 05/07/2024 & 06/07/2024Scenario 1:
If Bank Nifty Price Breaks 53316 and sustains this level.
Price will test the level of 54165 another 849 Points are there
Scenario 2:
If Bank Nifty Price rejectes 53316 level.
Probably the is chance for testing level of 52415 another 849 Points are there.
Tata Motors on the Verge: Key Resistance Levels
Current Scenario:
• Tata Motors is experiencing a consolidation phase just below its previous high.
• The stock has touched the resistance line twice (Touch 01 and Touch 02), indicating a strong resistance level around the previous high.
Key Levels:
• Entry Point: ₹1,029.00
• Stop Loss: ₹1,051.00
• Target Levels:
• Target 01: ₹991.95
• Target 02: ₹938.20
• Target 03: ₹904.00
Analysis:
• The stock is trading close to the resistance line, and a breakout above this level could signal a potential upward movement.
• Conversely, if the stock fails to break this resistance and moves downward, it might reach the indicated target levels.
Trading Strategy:
• Bullish Scenario: If Tata Motors breaks above the resistance and sustains, consider entering a long position at ₹1,029.00 with a stop loss at ₹1,051.00.
• Bearish Scenario: If the stock fails to break the resistance and shows signs of reversal, consider shorting with target levels at ₹991.95, ₹938.20, and ₹904.00.
Conclusion:
• Tata Motors is at a critical juncture with significant resistance levels in play.
• Traders should watch for a breakout or reversal at these levels to strategize their trades effectively.
Cochin Shipyard - Breakout Setup, Move is ON...#COCHINSHIP trading above Resistance of 2046
Next Resistance is at 2556
Support is at 1537
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
GRSE - Breakout Setup, Move is ON...#GRSE trading above Resistance of 1677
Next Resistance is at 2502
Support is at 1353
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Hitachi Energy (PowerIndia) - Breakout Setup, Move is ON...#POWERINDIA trading above Resistance of 9481
Next Resistance is at 12845
Support is at 6120
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Mazagon Dock Shipbuilders - Breakout Setup, Move is ON...#MAZDOCK trading above Resistance of 4315
Next Resistance is at 6033
Support is at 2955
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Mazagon Dock Shipbuilders - Breakout Setup, Move is ON...#MAZDOCK trading above Resistance of 3619
Next Resistance is at 4315
Support is at 2492
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
EPL-Do not miss this consolidation breakout!Essel Propack Ltd(EPL) is sector leader stock among packaging sector and looks like a breakout of triangular consolidation is done.
We can expect a quick move above 240 but today, stock has shown good volumes as well.
This is a relatively slow stock and hence, can test your patience.
But, the risk reward is very good and stock provides a dividend yield of around 2% at CMP.
Positional traders should keep this stock in watchlist.
MAXESTATES - 1 Month Consolidation Breakout Max Estates Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (May, 2024). Now It has given consolidation breakout & Closed at It's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock will find It's next resistance around the price (490 - 18.95% from the price 411.95).
4) Recommendation - Strong Buy .
Nazara-Have your Nazar on it ;)Nazara is a company which develops gaming software.
Stock has given good volume breakout from a strong resistance zone.
Immediate resistance is 1000 above which stock will fly.
As i said, keep this stock in your nazar(watchlist)
Risky traders can enter as per my levels for better risk reward.
Do follow me if you like my analysis!
PB Fintech at ATHNSE:POLICYBZR has crossed its listing price and has entered a new All Time High zone. Stocks that do this normally start their new journey from these levels. It went through a long correction that came in because of the over-valuation but the company has walked the talk and has delivered on fundamentals. This hence, looks like a structural move in the chart as well and I do expect a good follow-up going ahead. Stop Loss at 1450 should act well here. Go Long.