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Breakoutandretest

NCC Ltd : Swing Trade / Short term (1-3 months)#ncc #parallelchannelbreakout #breakout #momentumtrade #swingtrade NCC : Swing Trade / Short term (1-3 months) >> Breakout Candidate >> Good VCP Pattern Visible inside Channel >> Parallel Channel Breakout & Retest Done >> Good Trending Setup >> Good Strength in stock & Volumes Picking up >> Low Risk, High Reward Trade Swing Traders can lock 10% profit & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:NCCLong
by moneyfesttrading
Hindustan Unilever Strong BreakoutBased on my analysis of the daily timeframe chart of Hindustan Unilever, it appears that the stock has recently broken out above a strong resistance zone that has been tested multiple times. This presents a potentially good opportunity for a swing trade. For entry, I recommend going long at the open of the next candle. However, it is prudent to enter with only half of the desired position size initially, as many breakouts tend to fail. If the price pulls back to the flip zone and finds support before resuming its upward movement, we can add the remaining half of the position size. It is worth noting that sometimes the price does not pull back, which is why we are entering the trade with only half of the desired position size right after breakout. Regarding the stop loss, I suggest placing it below the resistance zone with a buffer to mitigate the risk of getting stopped out too early. As for the target, I recommend aiming for a 1:3 risk to reward ratio. This means that for every unit of risk taken (i.e., the distance between the entry point and the stop loss), we are targeting three units of potential profit. Thank you for reading this post. If you found it helpful, please consider giving it a like and following me for more trading insights and market analysis in the future.
NSE:HINDUNILVRLong
by vt_trader
2
HCL Breakout & Retest PatternOn the daily chart of HCL Technologies, we can observe a strong breakout above a resistance zone that was tested multiple times. Following the breakout, the price has pulled back to the flip zone, presenting a potential swing trading opportunity. For an entry, it is advisable to wait for the close of a strong bullish candle near the flip zone before going long. This will help to confirm the bullish momentum and reduce the risk of a false breakout. Regarding the stop loss, it is recommended to place it below the flip zone to limit potential losses if the price does not follow through with the expected bullish movement. Regarding the target, it would be prudent to aim for the next resistance zone, as marked on the chart. This area represents a potential area of profit-taking and could stall the upward momentum of the price. Thank you for reading. Please consider liking and following me for more trading insights.
NSE:HCLTECHLong
by vt_trader
2
NTPC Strong Breakout & Retest SetupNTPC has given a strong breakout above a resistance zone that was tested multiple times and is now approaching a retest of this zone, which is expected to act as a support zone. Based on this setup, a swing trade opportunity may be considered. Entry: A long position can be initiated after the close of a strong bullish candle near the flip zone. Stop Loss: A stop loss order can be placed below the flip zone to limit potential losses. Targets: Target 1: Take profit can be set near the next resistance zone as marked on the chart. Target 2: Once target 1 is achieved, a second profit target can be set near the next resistance zone 2 as marked on the chart. What is Flip Zone? A flip zone is a term used to describe a price zone that has flipped from acting as a resistance to acting as a support level or vice versa. It occurs when the price breaks through a key level, then retests it, causing the level to switch from acting as resistance to support or vice versa. Please Like & Follow me.
NSE:NTPCLong
by vt_trader
2
Morning star formation at the retest levelsIndusind bank is behaving no different than the other performers in banking. There is a morning star formation at the retest levels of the breakout that happened a few days ago. I categorize this candlestick as a buy setup and this can give 10% in the coming days. SL should be at 1087 with a target of 1240-1250. This is a good RR setup of 3.5 Kindly note that this is not a recommendation and only for educational purposes. Consult your financial advisor before investing.
NSE:INDUSINDBKLong
by NandanChaturvediTrade
1
Dabur 1D - Good example of breakout and retestBreakout candle on 1July with good volume and retest happening on 14 and 15July. Consecutive bearish candle at top with low volume, so I will not consider it as trend reversal yet. Wait for one good solid bullish candle with volume to confirm the support retest and then should be a good setup for entering short/medium term long position. I will not enter without confirmation and follow up as Nifty is trading at all time high. P.S: This is NOT an investment idea or trade tip. You can use this chart for learning purpose. Trading decision to be taken at your own risk.
NSE:DABURLong
by LetsTrade123
BREAKOUT AND RETEST - CLASSICAL PATTERN The classical breakout and retest pattern has been observed in the stock. The breakout was accompanied by high volumes and RSI in strength. Pattern would only be confirmed once it crosses 205 levels and one can definitely see for a long position for a short to mid term view. Strength in bank nifty in last few sessions could be good supporting factor. Wait for a right price action before entering. Good support: 200 Disclaimer: Take this view only for educational purpose. Trade on your own risk. Happy trading. Happy Investing!
NSE:SBINLong
by rahuljaiswal1580
1