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Breakout

Rounding Bottom Pattern noticed in Navkar Corp### Rounding Bottom Pattern: 1. **Pattern Identification**: - The chart clearly shows a rounding bottom pattern, characterized by a long, gradual decline in price followed by a slow and steady rise, forming a "U" shape. - This pattern suggests a reversal of the prior downtrend and typically indicates a bullish reversal. ### Key Levels: 1. **Support and Resistance**: - **Resistance Level**: Around 116 INR, which the price has recently tested and is attempting to break above. - **Support Level**: Previous support levels can be identified around 89.45 INR, which also aligns with a previous low. 2. **Trend Lines**: - The green trend lines form a rising channel, showing the long-term upward trend. - The price is currently near the upper boundary of this channel, indicating a potential breakout or a pullback. ### Volume Analysis: - Volume has increased during the latter part of the rounding bottom, especially as the price approaches the resistance level, confirming the pattern and suggesting that the breakout could be supported by strong buying interest. ### RSI (Relative Strength Index): - The RSI is at 60.68, suggesting bullish momentum. It is not yet in the overbought territory, indicating there might be more room for the price to rise. ### Price Projection: - Based on the rounding bottom pattern, if the price breaks above the 116 INR resistance level convincingly, the next target could be projected by measuring the depth of the rounding bottom from the lowest point (around 70 INR) to the resistance level (116 INR), which is 46 INR. - Adding this depth to the breakout point gives a target of approximately 162 INR (116 + 46). ### Conclusion: - **Current Price**: 113.16 INR. - **Pattern**: Rounding bottom, suggesting a bullish reversal. - **Resistance Breakout**: A break above 116 INR resistance, supported by strong volume, could lead to a significant upside. - **Volume and RSI**: Increased volume and a moderately bullish RSI support the potential breakout. ### Summary: The chart of Navkar Corporation shows a rounding bottom pattern, which is a strong bullish reversal signal. With the price currently testing the resistance level around 116 INR, a successful breakout could lead to a significant upside, with a target around 162 INR. The increased volume and positive RSI trend support this bullish outlook. However, it's important to watch for confirmation of the breakout and monitor any signs of reversal.
NSE:NAVKARCORPLong
by brijmohan_h
Black Box Ltd - Long Setup, Move is ON...#BBOX trading above Resistance of 248 Next Resistance is at 293 Support is at 184 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.
NSE:BBOXLong
by MandeepSinghKohli
1
VOLTAS - Price Analysis & Overview | Bullish1. Clear BO and retest done and now already near tp1 2. I'm not interested in any new entry as RRR is not favourable. 3. It can continue to run to hit the above marked tp points. - Stay tuned for further insights, updates and trade safely! - These are my personal views. - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:VOLTASLong
by SuperNova396
Suven Pharma Breaks Out Like a Fever Dream"Suven Pharma Breaks Out Like a Fever Dream! 💊📈 #PharmaStocksGoBoom" I. Current Price Action: Price: ₹787.35 Change: +58.10 (+7.97%) Volume: 3.673M (Higher than the number of pills in your grandma's medicine cabinet!) II. Key Observations: Breakout Bonanza: SUVENPHAR has busted through its long-term resistance faster than a hypochondriac racing to WebMD. Side Channel Escape: The stock just broke out of its side channel, showing more excitement than a kid in a candy store (or should we say, pharmacy?). Volume Surge: Trading volume is higher than the line at the doctor's office during flu season. This suggests strong conviction in the move. Support Levels: The previous resistance around ₹760 could now act as support. If it holds, it'll be stronger than the taste of cough syrup. III. Trading Idea: For the brave pill-poppers (I mean, traders), riding this breakout could be more thrilling than reading the side effects on a medication leaflet. But remember, chasing stocks can be as dangerous as self-diagnosing on the internet! Potential Targets: 🎯 Short-term: ₹820 (As ambitious as promising to exercise more) 🎯 Mid-term: ₹850 (Reaching for the stars, or at least the top shelf of the medicine cabinet) IV. Risks: If this breakout fails, the stock could drop faster than your New Year's resolution to eat healthier. Keep an eye on overall market health and be ready to take your profits before they expire like old medication. V. Final Thoughts: Suven Pharmaceuticals has finally broken out of its consolidation, potentially setting the stage for a rally that could cure your portfolio's ailments. Will it continue to climb, or suffer from nasty side effects? Only time will tell, but one thing's for sure – this stock is more exciting than reading the fine print on a prescription label! Disclaimer: This analysis is about as reliable as WebMD's symptom checker. Always do your own research and consult a financial advisor before making investment decisions. Happy trading, and may your profits be as plentiful as the pills in a pharmacy! 💊🚀
NSE:SUVENPHARLong
by TRADING-NASA
GRWRHITECH - 3 Months Downtrend Breakout Garware Hi Tech Films Ltd 1) Time Frame - Daily. 2) The Stock has been in a Downtrend since (February, 2024). Now It has given a Downtrend / Consolidation breakout & Closed with good volume & good bullish momentum candle in Daily Time Frame. 3) The next resistance would be it's Previous Life Time High (2200 - 6.25% from the price 2070.30). If the stock gives another breakout at (2200) It may move higher and find resistance around (2680 - 29.45% from the price 2070.30). 4) Stock with good fundamentals. 5) Recommendation - Strong Buy
NSE:GRWRHITECHLong
by SHRIHARII
Raymond - Breakout Setup, Move is ON...#RAYMOND trading above Resistance of 1734 Next Resistance is at 2676 Support is at 1339 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.
NSE:RAYMONDLong
by MandeepSinghKohli
NIFTY50 - Weekly Index Analysis - 15th June #indices #nifty50NIFTY50 Analysis Update (1W TF) - 15th June, 2024 - Trading outside the channel as of now - The Resistance & Support Zones are marked out - This should help choosing our Swing Trades as well If you are in FOMO: - Then ensure to choose stocks that are at Weekly support levels only - Do not jump into falling knives which are away from their support levels Note: The charts will be updated as we go along. But please ensure to keep your Risk Management in play constantly for any and all swing trades. * Disclaimer
NSE:NIFTYLong
by TradeRyteStockz
BBTC Is Rocked Hey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Rectangular box Pattern in daily TF. * Expanding Wedge Pattern Form Inside Rectangular Box * From Feb 2024 to June 2024 Tested Trendline Many times. * It's Break resistance Zone and trying to Retest. * Volume Accumulation (Volume is rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Don't know how we miss this amazing stock and forget to share this with you all family.
NSE:BBTC
by ChartSight
GRSE - Breakout Setup, Move is ON...#GRSE trading above Resistance of 1176 Next Resistance is at 1677 Support is at 892 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.
NSE:GRSELong
by MandeepSinghKohli
Bitcoin Ready For $28,000 As per SMC Chart AnalysisBITCOIN Urgent Weekly Chart Update Weekly Chart Analysis: Order Block (OB) 1: $42,000 - $38,000 First Fair Value Gap (FVG): $47,557 Order Block (OB) 2: $28,000 - $26,400 Second FVG: $33,802 Potential Scenarios: We could see a fill of the first OB and FVG before a new upward rally. Both FVG and OB are in the discount zone, increasing the likelihood of hitting the second OB and FVG around $33,000 - $30,000. Spot Entry Levels: Entry 1: $47,600 - $41,600 Entry 2: $33,900 - $27,000 Targets: $100,000 / $150,000 / $180,000 This might sound speculative, but there is a high chance of sweeping liquidity at these levels before a bullish rally. Reminder: My eyes are open for discount zone entries. I could be wrong, so always do your own research before investing. This is not financial advice. Stay alert and trade wisely.
OANDA:BTCUSDShort
by CryptoPatel
Bitcoin Ready For $28,000 As per SMC Chart AnalysisBITCOIN Urgent Weekly Chart Update Weekly Chart Analysis: Order Block (OB) 1: $42,000 - $38,000 First Fair Value Gap (FVG): $47,557 Order Block (OB) 2: $28,000 - $26,400 Second FVG: $33,802 Potential Scenarios: We could see a fill of the first OB and FVG before a new upward rally. Both FVG and OB are in the discount zone, increasing the likelihood of hitting the second OB and FVG around $33,000 - $30,000. Spot Entry Levels: Entry 1: $47,600 - $41,600 Entry 2: $33,900 - $27,000 Targets: $100,000 / $150,000 / $180,000 This might sound speculative, but there is a high chance of sweeping liquidity at these levels before a bullish rally. Reminder: My eyes are open for discount zone entries. I could be wrong, so always do your own research before investing. This is not financial advice. Stay alert and trade wisely.
OANDA:BTCUSDShort
by CryptoPatel
GIPCL - Breakout Setup, Move is ON...#GIPCL trading above Resistance of 239 Next Resistance is at 313 Support is at 171 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.
NSE:GIPCLLong
by MandeepSinghKohli