PAGEIND breakout retest done. Looks good for entry now at CMP with SL below the support area for short/medium term holding. Trading at ATH now.
See the above chart for my study GSPL is ready to give another breakout after 5 weeks of consolidation. See Daily Chart below for targets
BREAK OUT TRADES ARE VERY FRUITFUL IF YOU CAN FIND PERFECT SUPPORT/RESISTANCE AREA'S. IN THE CHART, I SHOWN PROPER SUPPORT AND RESISTANCE AREA'S ON THE CHART OF MUTHOOT FINANCE OF DAILY TIME FRAME. IF YOU LEARN TO FIND THESE IMPORTANT AND MOST IMPORTANTLY, AFTER FINDING OUT THESE ARES YOU WILL HAVE TO ENTER INTO THAT TRADE ON BREAK OUT PRICE SO THAT YOU CAN ENJOY...
Lets look at these levels closely. The stock has shown super momentum in last few months and is ready for the next part of the rally after the breakout from the current levels. I would recommend to wait for a retest before entering. My target would be around 70 with a strict stop loss of 37.
ICICIBANK is near a important weekly resistance and going to break hourly trendline. Monday opens gap up then we can see long till 700 - 710 The posting is only for educational purposes. Please do your own research before taking trading or investing
1. Good breakout with volumes , 2. In last 6 months, promoter holding in the company has increased by 2.79% 3. Cup and handle formation in week pattern The posting is only for educational purpose. Please do your own research before taking trading or investing
ICICI Bank has been consolidating for a while and then it's on the verge of an All Time High breakout. The last Friday candle is on above average volume and is respecting the trendline. The quarter results released is fantastic and hence this stock has very high probability for a good breakout trade on Monday.
The stock has been following the ascending trend of higher highs and higher lows for a few weeks now. There is a pattern emerging by looking at the chart, which I have divided in 3 phases. Each phase is preceded by high volume, followed by consolidation. As soon as the price has touched the trendline, we have observed a spurt in volume and price. If the history...
IIFL has consolidated from more than 15 weeks in the range of 250-290. The stock witnessed strong volume in the first week of July, Breakout from the level of 290-292 can lead the price up to 338-340, with the SL of 249.95.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Close above purple line can add momentum. 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.
SPARC has consolidated near its weekly resistance of 270, Breakout of the same can lead the price up to 335-340. Stoploss can be kept below 239.95. Also given breakout from the strong resistance of 217 with strong volume support.
The stock has broken out of the classic cup and handle pattern supported by very high volumes. It is expected to follow on the trend and can be bought at any price between cmp and 428.5 for a target of 838 and 900 in near future. The stop loss can be maintained at a little below 420 level, which was the resistance level before the breakout. Supporting...
So after touch the level of 15900, Nifty reverse from the level. . Now Nifty is getting support from 15800, so for tomorrow there is two condition.. . 1. If Nifty break the resistance of 15900, then we should buy CE for the level 159450. 2. If Nifty break the 15800 support them we should go for PE. . In gap up opening we should avoid trading in the morning...
Hello guys in this chart it is forming inverse head & shoulder pattern, if this pattern breakout than we can see good pump in !inch. But for pump it need to break neckline ($2.1465) and if this neckline breaks tan we can see up to $2.64. So guys just wait for breakout.......
NSE:SOMANYCERA Multiyear Breakout on weekly time frame. Good to get entry only if stay above 715. It still faces resistance from higher level. Let's see if it can stay and close above 715 in next week.