Breakout!
Schaeffler India Ltd - Breakout Setup, Move is ON...#SCHAEFFLER trading above Resistance of 3493
Next Resistance is at 4551
Support is at 2749.55
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.
PEPE/USDT Chart Analysis: Is the Bull Flag Signaling a Breakout?PEPE/USDT Chart Analysis: Is the Bull Flag Signaling a Breakout?
The PEPE token has been drawing attention in the crypto market due to its recent impressive performance. With a current trading price of $0.00000857, it has surged by 1650% in the past seven months and 1160% over the past three months. This meteoric rise has caught the eye of many traders, particularly those interested in technical analysis.
Bull Flag Pattern
Analyzing the chart reveals a potential bull flag formation, a pattern that suggests a continuation of an upward trend after a brief consolidation period. According to this analysis, the breakout has already occurred at $0.00000775. Now, traders are watching for a potential retest around $0.00000750, which could present an attractive entry point.
Price Targets and Risks
If the bull flag pattern plays out as anticipated, the projected target is around $0.000047, representing a 500% increase from the current price. This target hinges on a successful retest and subsequent rally.
However, it’s important to highlight the inherent risks. Investing in PEPE at this stage could be risky given its significant prior gains. For those considering fresh investments, it's crucial to have a stop-loss strategy in place. A strong indication of a trend reversal would be if a higher time frame (HTF) candle closes below the flag channel. In such a scenario, it's recommended to place a stop-loss to protect against potential losses.
Conclusion
While the PEPE token's bull flag pattern suggests potential further gains, the risks should not be overlooked. If you're considering investing based on this pattern, a carefully placed stop-loss can help mitigate potential losses if the trend reverses.
Power Grid Corporation of India - Breakout Setup, Move is ON...#POWERGRID trading above Resistance of 296
Next Resistance is at 384
Support is at 208
Here is previous chart:
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.
Max India Ltd - Breakout Setup, Move is ON...#MAXIND trading above Resistance of 252
Next Resistance is at 347
Support is at 174
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.
Suryoday Small Finance Bank Ltd - Breakout Setup, Move is ON...#SURYODAY trading above Resistance of 212
Next Resistance is at 249
Support is at 160
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.
KFin Technologies Ltd - Long Setup, Move is ON...#KFINTECH trading above Resistance of 698
Next Resistance is at 747
Support is at 567
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.
Suryoday Small Finance Bank Ltd - Long Setup, Move is ON...#SURYODAY trading above Resistance of 186
Next Resistance is at 212
Support is at 150
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.
Kirloskar Brothers Limited - Breakout Setup, Move is ON...#KIRLOSBROS trading above Resistance of 1009
Next Resistance is at 1366
Support is at 653
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.
Max India Ltd - Long Setup, Move is ON...#MAXIND trading above Resistance of 174
Next Resistance is at 252
Support is at 126
Here is previous chart:
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.
Godfrey Phillips India - Long Setup, Move is ON...#GODFRYPHLP trading above Resistance of 2294
Next Resistance is at 3317
Support is at 1664
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 6120
Next Resistance is at 9481
Support is at 3861
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.
KPITTECH 'W' CHART PATTERNCMP 1540
1st Target 1610
2nd Target 1680
3rd Target 1725
Stop loss 1470
W Pattern in Stock Market:
W pattern in stock market is a technical analysis chart pattern that resembles the letter “W” and typically indicates a potential reversal in the direction of a stock’s price movement. This pattern consists of two consecutive troughs (low points) separated by a higher peak (high point) in between, forming the shape of a W .