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Breakoutpattern

Symmetrical Triangle Pattern Breakout seen In Bajaj Finserv Ltd.Hello everyone, i hope you all will be doing good in your Trading and Life as well. I have brought a stock which has given a breakout of Symmetrical Triangle Pattern. Stock name is Bajaj Finserv Ltd, and it is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions. Technically and Fundamentally stock is really Good to go for short term to long term as well. I think this is the best stock to hold for long term from here. This can be best portfolio stock. Companies management has given positive outlook for future in last quaterly result conference call. The pattern can indicate a number of things, including: Volatility contraction The pattern can symbolize a decrease in volatility as the price range contracts within the triangle. Indecision The pattern can form when the market is uncertain and buying and selling continues. Potential trend reversals or continuations The pattern can help traders and analysts spot potential trend reversals or continuations and manage risk. A breakout from the upper trendline indicates the start of a new bullish trend, while a breakdown from the lower trendline marks the start of a new bearish trend. Check the charts above (Bajaj finserv) it has given breakouts for falling upper band. before to few minutes of Closing of today's session or opening of next day session can be entry point. For the Targets you can calculate the thickness of symmetrical pattern as i have shown on chart above, and stop loss can be place at lower of breakout candle or near to lower band support line. Market Cap ₹ 2,74,385 Cr. Current Price ₹ 1,719 High / Low ₹ 1,742 / 1,419 Stock P/E 32.9 Book Value ₹ 378 Dividend Yield 0.06 % ROCE 11.7 % ROE 15.3 % Face Value ₹ 1.00 Industry PE 23.6 Debt ₹ 2,88,933 Cr. EPS ₹ 52.3 Promoter holding 60.6 % Intrinsic Value ₹ 902 Pledged percentage 0.01 % EVEBITDA 12.8 Change in Prom Hold -0.04 % Profit Var 5Yrs 20.4 % Sales growth 5Years 21.0 % Return over 5years 19.8 % Debt to equity 4.79 Net profit ₹ 16,095 Cr. ROE 5Yr 13.8 % Profit growth 18.3 % Earnings yield 7.66 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BAJAJFINSVLong
by TraderRahulPal
5
Continuation Pattern Breakout seen in Crude oil Marketing stockHello everyone, i have brought a stock which has given a neat and clean Ascending triangle pattern Breakout with good volume spike stock name is HPCL, before to jump into stock i want to teach you guy's about this pattern so if you see from next time onwards, you can play this. Q:- What is Ascending Triangle Pattern? Ans by Rahul:- It is a bullish continuation pattern that occurs in an uptrend and signals that the price of the stock will continue to trend higher on completion of the pattern. This pattern shows that buyers are getting very aggresive and are likely to take prices higher once the price breaks through the pattern. Q:- How to Trade this Ascending Triangle Pattern? Ans by Rahul:- First of all you have to wait with patience to see a perfect breakout on chart with good volume spike. Then you have to take entry once breakout confirmed, and the potential target for the pattern is normally calculated by projecting the height of the Ascending triangle at it's thickest point above the breakout point and stop loss will be placed at the swing low which occurs just before the price breaks the resistance on the upside as shown in HPCL chart above. This will give us favorable risk to reward ratio. So, I hope you now know about this pattern (Ascending Pattern). If you really learned something, don't forget to like this idea, because it will increase my confidence level to provide you guys with this type of learning content as always. Let's focus on Company Now:- Hindustan Petroleum Corporation Ltd is mainly engaged in the business of refining of crude oil and marketing of petroleum products, production of hydrocarbons as well as providing services for management of E&P Blocks. Market Cap ₹ 84,175 Cr. Current Price ₹ 396 High / Low ₹ 402 / 159 Stock P/E 8.52 Book Value ₹ 221 Dividend Yield 6.70 % ROCE 21.3 % ROE 40.4 % Face Value ₹ 10.0 Industry PE 11.5 Debt ₹ 66,684 Cr. EPS ₹ 46.4 Promoter holding 54.9 % Intrinsic Value ₹ 318 Pledged percentage 0.00 % EVEBITDA 7.25 Change in Prom Hold 0.00 % Profit Var 5Yrs 19.1 % Sales growth 5Years 9.51 % Return over 5years 17.6 % Debt to equity 1.42 Net profit ₹ 9,883 Cr. ROE 5Yr 16.7 % Profit growth 18.5 % Earnings yield 9.99 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:HINDPETROLong
by TraderRahulPal
2
Neat & Clean Breakout In UltraTech Cement.Hello guy's i hope you all will be doing good in your trading and your life as well. I have brought a stock which has given neat and clean breakout on daily and weekly timeframe. Stock name is UltraTech Cement and it is engaged in the manufacturing and sale of Cement and Cement related product primarily in India. Ultratech Cement is the largest cement company in India and 3rd largest cement company in the world (ex-china) and is the largest cement manufacturer in India. It is also the only cement producer outside of China to have 100+ MnTPA of manufacturing capacity in a single country. Its brands include Ultratech Cement, Ultratech Concrete, Ultratech building Products, Ultratech Building solutions & Birla White Cement under which it sells various different products. Market Cap ₹ 3,11,707 Cr. Current Price ₹ 10,796 High / Low ₹ 10,909 / 7,941 Stock P/E 44.2 Book Value ₹ 2,086 Dividend Yield 0.35 % ROCE 15.3 % ROE 12.3 % Face Value ₹ 10.0 Industry PE 30.0 Debt ₹ 11,403 Cr. EPS ₹ 243 Promoter holding 60.0 % Intrinsic Value ₹ 3,985 Pledged percentage 0.00 % EVEBITDA 23.7 Change in Prom Hold -0.01 % Profit Var 5Yrs 24.1 % Sales growth 5Years 11.3 % Return over 5years 18.8 % Debt to equity 0.19 Net profit ₹ 7,004 Cr. ROE 5Yr 13.0 % Profit growth 40.0 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:ULTRACEMCOLong
by TraderRahulPal
Symmetrical Triangle pattern Breakout seen in Gujarat AmbujaHello Traders & Investors, I have brought another analysis on Symmetrical triangle pattern breakout. Well this almost similar to Triangle pattern, but in this lower band trendline act upward sloping support in security. Same we have seen in Gujarat Ambuja Exports. Well there is higher Chances that we can see huge momentum in coming few weeks. So let's go, i will explain a bit about this pattern so you guy's can understand and trade easily whenever you see this pattern next time. Q:- What is Symmetrical Triangle Pattern? Rahul:- A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle. Q:- Which direction will it go? Rahul:- If the prior trend is Uptrend then buyers gonna to win the battles for sure. Q:- How and when to Trade? Rahul:- Guy's keep in mind when both slopes get closer to each other, it means that a breakout is getting near, and we just have to wait for that breakout to take place. You can take entry once you see successfully breakout and keep stop loss at lower band of the Triangle, and there could be another entry once price shows pull back towards breakout zone. Targets can be place at all time high and 2nd target can be length of Triangle pattern. So guy's i hope you have learned this Symmetrical Triangle Pattern now. Let's Focus About Company background:- Gujarat Ambuja Exports is engaged in the manufacturing of Corn Starch Derivatives, Soya Derivatives, Feed Ingredients, Cotton Yarn, and Edible Oils. Since its incorporation in 1991, GAEL strives to serve the Food, Pharmaceutical, Feed, and many other industries with a long-term growth strategy in the Agro-Processing sector. (Source: Company Website) Market Cap ₹ 7,223 Cr. Current Price ₹ 315 High / Low ₹ 327 / 222 Stock P/E 25.2 Book Value ₹ 107 Dividend Yield 0.22 % ROCE 17.9 % ROE 14.5 % Face Value ₹ 1.00 Debt ₹ 227 Cr. EPS ₹ 12.5 PEG Ratio 1.94 Promoter holding 63.8 % Intrinsic Value ₹ 170 Pledged percentage 0.00 % EVEBITDA 14.8 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:GAELLong
by TraderRahulPal
2
Chemcon speciality chemicals is about to breakout the channel?Chemcon is consolidated between a price range, which forms a channel pattern. Upper line is Resistance line and lower line is Support line You can see many times the support & resistance tested as well. In such patterns we can take positional entry at the breakout point. How to calculate the target? I have marked resistance and support points namely A & B respectively. So the difference between them will give us target after breakout. Target points = A - B = 467.70 - 400.10 Target points = 67.60 Adding this to point at resistance line that is 467.70 we will get Target Price = 467.70 + 67.60 Target Price = 535.30 Roughly we get the Target price of Rs. 535.30 which is close to the price from previous resistance. So this is how the channel breakout pattern works. Time to achieve the Target : 1-2 Months Positive signs for breakout :- Stock has bullish momentum RSI is above 60 MACD is about to give Buying signal 20,50 & 100 SMA crossover If stock fails to breakout, it will take support around 432. What is your opinion on this? Drop into comment section. Disclaimer : This is my personal analysis about Chemcon. Do your own analysis before taking any position. I am not responsible for any profit or loss.
NSE:CHEMCONLong
by AmeyKajarekar
3
Westlife Development-BreakoutI had prepared Westlife Development chart on 26-11-2020 that is yesterday. Its price was 419.25. There was clear breakout from the trend that was seen in the chart. Today the closing price of Westlife Development is 435.55 Can buy this in dips. Can see possible up move gradually as there is breakout. Technical target is ~497. Can go long with trailing stop loss. Note: I am just a beginner. The chart is just for learning and educational purpose only. Kindly invest based on your research and analysis. Happy investing :)
NSE:WESTLIFELong
by Vishakha_Nanavaty
1