Breakout
Let's talk about Patience !!This stock on the chart just looks flawless but in reality, it is a stock that will test your patience to at least get 50% returns. Price action wise it shows a very promising setup, in 2021 coming out of a 10 year consolidation and again consolidating for over 3.5 years. It has 50 MA support on monthly and currently looks good for a good returns.
CMP: 9.50
Target 1: 15
Target 2: 20+
Time frame: 0-2 years
Disclaimer: Trade at your own risk
Mahanagar Gas Limited: A Breakout OpportunityThe stock is in a solid consolidation phase, forming a bullish pattern of higher highs and higher lows. Patience is key, so I'm playing it smart by waiting for a decisive breakout above ₹1339 on a closed candle. Once confirmed, I'll buy above that high for a strong entry point.
📊 Technical Insight:
RSI is showing strength, hinting at momentum building up. Fingers crossed that we get a smooth breakout without an overly sharp spike!
💼 Fundamentals Check:
With robust financials and a leading position in the gas distribution sector, Mahanagar Gas is a powerhouse in the energy space. Strong market fundamentals and positive technical signals make it one to watch closely!
Let’s see if this one fuels up for a big move!
Bajaj Finance on the Move!The stock had been consolidating for quite some time, forming an ascending triangle within the pattern. I've marked a critical resistance zone, and a weekly close above this level could indicate a breakout signal. The move has already begun—let’s see how it unfolds! 🚀
Given Bajaj Finance’s strong fundamentals and robust business model, it's definitely a stock worth keeping an eye on. Fun fact: Did you know Bajaj Finance is one of the largest and most trusted NBFCs in India with a diversified lending portfolio across retail, SME, and commercial segments? 🔍
Are you tracking this potential breakout too? Share your views below! 📊
Bajaj Finance - Rock Steady and SafeA long multi year consolidation is coming to an end. In turbulent times in the market it is always a good move to fall back on the very safe bets for long term.
Fundamentally:
- Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 17.23%
- Healthy long term growth as Operating profit has grown by an annual rate of 22.46%
- The company has declared Positive results for the last 13 consecutive quarters
- PBDIT(Q) Highest at Rs 11,752.25 cr.
- PBT LESS OI(Q) Highest at Rs 5,396.34 cr.
- PAT(Q) Highest at Rs 3,999.73 cr.3
- High Institutional Holdings at 35.96%
With its market cap of Rs 4,71,254 cr, it is the second biggest company in the sector (behind Life Insurance) and constitutes 10.77% of the entire sector. Its annual Sales of Rs 62,278.71 are 2.83% of the industry
Top 4 Swing Trading Ideas for Jan 30, 2025!🚀Top 4 Swing Trading Ideas for Jan 30, 2025! 🚀
📢 Disclaimer: The 4 stocks discussed here are for educational purposes only. 📚💡
✅ First, learn how to trade, then focus on earning! 💰📈
💬 Got a stock in mind? Drop a comment, and I'll reply! 🔍📊
#LearnBeforeYouEarn #StockMarket
RGL Global Ltd. Base Breakout!Analysis of Renaissance Global Ltd (RGL)
Technical Overview:
Base Breakout: Immediate resistance at ₹217.62.
Safe Traders: Wait for the ₹217–₹218 level to break with high volume and a strong Wide Range Candle (WRC) for confirmation.
Entry Level: ₹205.77.
Stop Loss (SL): ₹179.27 (12.88%).
Target 1 (T1): ₹251.60 (+22.28%).
Target 2 (T2): ₹297.10 (+44.45%).
Risk-Reward (R:R): 1:1.73 for T1, 1:3.45 for T2.
Technical Highlights:
Volume: Significant increase, indicating accumulation.
RSI: Gaining strength, showing bullish momentum.
Fundamental Overview:
Market Cap: ₹1939 crore.
P/E Ratio: 26.2 (compare with sector P/E for evaluation).
ROCE: 8.25%, reflecting mediocre efficiency.
Fundamentals aren't highly attractive but technicals suggest good potential.
Key Risks:
Sector Comparison: Evaluate P/E and ROCE against industry peers.
Breakout Strength: Ensure price sustains above ₹217–₹218 with robust volume for safer entry.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Trade based on your risk tolerance.
INDUSTOWER - Support line and Bullish EngulfingThe 324 level, which previously acted as a strong resistance since 2019, is now serving as a solid support, as indicated by the price holding above the orange trendline.
On the daily timeframe, the price has successfully broken out of the triangle pattern. Additionally, the previous week's bullish engulfing candle on the weekly timeframe further supports the bullish bias.
This setup presents a favorable swing trade opportunity, with a target of ₹500 and a stop-loss placed below ₹310 on a weekly closing basis.
#APOLLO - Box Break Out in Daily chart📊 Script: APOLLO
Key highlights: 💡⚡
📈 Box Break Out in Daily chart.
📈 Price gave a good up move
📈 Went into a Side Ways consolidation for over a year
📈 Volume spike seen on BO
📈 MACD Cross Over
📈 One can go for Swing Trade.
BUY ONLY ABOVE 151 DCB
⏱️ C.M.P 📑💰- 150
🟢 Target 🎯🏆 – 64%
⚠️ Stoploss ☠️🚫 – 16%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Boost, Like and follow to never miss a new idea! ✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with MMT. Cheers!🥂
Stocks in Focus: Biocon, Bharat Dynamics & Apollo Micro Systems1. Biocon NSE:BIOCON
● The stock reached a peak of ₹483 in December 2020, then experienced a downturn, entered a prolonged consolidation phase.
● This phase led to the formation of an Inverted Head & Shoulder pattern.
● Following a recent breakout, the stock is now poised for upward movement.
2. Bharat Dynamics NSE:BDL
● After hitting an all-time high around ₹1,795, the stock saw a decline of nearly 50% and eventually found support at ₹890.
● From this point, the price rebounded and recently surpassed its trendline resistance, setting the stage for substantial future gains.
3. Apollo Micro Systems NSE:APOLLO
● The stock underwent significant consolidation after marking an all-time high near ₹161.
● With a fresh breakout, the price is now set to exceed its past high and make new highs.
TARIL - Breakout Setup, Move is ON...#TARIL trading above Resistance of 1024
Next Resistance is at 1300
Support is at 846
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.
Kovai Medical Center & Hospital Ltd - Breakout Setup, Move is ON#KOVAI trading above Resistance of 5727
Next Resistance is at 6757
Support is at 4807
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.
Pearl Global Industries Limited - Breakout Setup, Move is ON...#PGIL trading above Resistance of 1595
Next Resistance is at 2352
Support is at 1095
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.
Goldiam International Ltd - Breakout Setup, Move is ON...#GOLDIAM trading above Resistance of 491
Next Resistance is at 728
Support is at 343
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.