BSE Retesting BO Levels with King CandleNSE:BSE aggressive Short trade as it made a king candle and is close to the previous BO levels and closing below 20 DSMA today.
About:
NSE:BSE is an Indian Stock Exchange at Dalal Street in Mumbai. The Co. facilitates a market for trading in equity, currencies, debt instruments, derivatives, and mutual funds.
F&O Activity:
Short Buildup in Futures with 6000 CE Gaining Significant OI.
Trade Setup:
It looks like a good 1:2 trade setup, with the recent swing high as a strong resistance zone, the RSI is Trending Down and closed below 20 DSMA, If levels are broken Can test 200 DSMA.
Target(Take Profit):
Around 200 DSMA Levels for Swing & Positional Trader.
Stop Loss:
Entry Candle Low for Swing Trader and Recent Swing High or 20 DSMA for Positional Trader.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Breakoutretest
Motherson Sumi-Can it fly from here?Motherson Sumi is now available at a very beautiful demand zone.
It is retesting previous cup and handle breakout and also is near a trendline support.
Any bounce from this zone will give good returns in stock.
Levels are mentioned on chart. One of the best stock within auto ancillary sector.
If you trust EV theme, this stock should be on radar.
Asso Alcohol-Darvas box breakout and Retest done.
✅Stock is in an uptrend
✅Broke out of a base and retested
✅Trading above Key DMAs
✅consolidating right above the base forming base on
base with narrow-range candles
Keep this in your sight and find long opportunity.
CMP: 1128.75
Entry: 1132
SL: 935(Closing Basis)
Risk: 17.3%
Reward: 20.7%
The view shared is for educational purposes. Please do your due diligence.
BSE Bouncing from a support Zone...Stock: BSE Ltd.
Chart Pattern: Potential breakout with retest near support.
Key Levels:Entry: ₹5,553.30
Target (T1): ₹5,848.10
Stop Loss (SL): ₹4,985.95
Observations:
✅Retesting a key zone and taking support at 50 DMA and bouncing.
✅Cup and handle formation played out earlier, now forming higher lows.
✅Volume remains supportive for upward momentum.
✅Resalient to market fall
✅Trading above Key DMAs
✅Strong RSI
Risk-Reward: Moderate-to-high, ideal for positional traders.
Can consider fresh entry further addition if it gives a clean breakout from 5849 levels.
⚠️Remember, we are trading against the trend. If Overall Markets were to fall further then this would also fall.
Disclaimer: This post is for educational purposes, not financial advice.
Nippon LIAM setting up again after Breakout-Pullback. Watch!Breakout from Previous Resistance of 739 with Huge volume and Wide Range Candle on 10 Dec 2024...
🟢Pulled Back/Retested on the back of low volumes.
🟢Setting up again with a wide range/Bullish Engulfing Candle.
🟢Forming a VCP on DTF.
🟢Apt for building positions than short-term trade in my opinion.
▶️Entry-772.5
▶️SL 668.4(13.3%)
▶️Target 1 - 817
▶️Target 2 878
📢 This is for educational purposes only. Trade responsibly. The market trend is not clear yet. Risk Management Rules are extremely important. Kindly do your due diligence and do not rush into a trade without understanding.
#Trading #TechnicalAnalysis #NipponLife #StockMarket
Ashoka Buildcon. Breakout and retest done-Broke out of a base and retest done.
-Volumes are improving
-Trading above Key DMAs.
-Good ROE and ROCE
Keep this on your radar.
SL is deep so please position size accordingly and do not put everything in one go. Fine-tune the SL and Target at your discretion.
The Breakout Retest Play: 5 Stocks to Consider1. Infosys NSE:INFY
● The stock has formed a Rounding Bottom pattern, and after the breakout, it rose significantly, reaching an all-time high near 1,990.
● Currently, the stock is trading slightly above the breakout level following a minor pullback.
➖ Best buy level: 1790 - 1830
2. ITC NSE:ITC
● The stock encountered resistance between the 470 and 480 levels multiple times.
● After breaking through this range, the price surged to an all-time high of 528.
● The price then faced rejection at this peak and has since retreated to the breakout level, where it is now rising again.
➖ Best buy level: 470 - 480
3. Lupin NSE:LUPIN
● The stock achieved a breakout after nearly nine years in August 2024.
● Following an initial upward movement, the stock price pulled back for a retest and is now trending upward once more.
➖ Best buy level: 2000 - 2050
4. Birlasoft NSE:BSOFT
● After breaking out of the Rounding Bottom pattern, the stock price surged to an all-time high of 856 before declining.
●The stock is currently trading at the breakout level, which appears to be a strong support.
➖ Best buy level: 550-560
5. Emami NSE:EMAMILTD
● After a prolonged consolidation, the stock developed an Inverted Head & Shoulder pattern.
● Following the breakout, the price surged to an all-time high of 860 but faced strong rejection from that level.
● The stock is now approaching a retest of the previous breakout level.
➖ Best buy level: 595 - 600
BAJAJHCARE - CUP AND HANDLE BREAKOUT TRADEThe stock has formed CUP & HANDLE pattern
on the DAILY chart.
One can enter above 410 with a strict Stoploss of 380.70
Target 1 - 430
Target 2 - 450
Target 3 - 476
Target4 - 534
#SWING TRADE
#FUNDAMENTALLY STRONG STOCK
What is your view please comment it down and also boost the idea this help to motivate us. 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.
Suntv-An amazing swing trade in this media sector stock!Suntv had a strong supply zone of 570-600 which was broken and retested successfully.
Stock has made higher high, higher low and broke its previous high.
An uptrend is confirmed and we can have bullish move continuing in this stock.
A relatively safe stock from risky media sector for investment as well.
MGL-Retesting of multiyear ATH breakoutMGL is a PSU stock in gas distribution.
Stock had given good move after multiyear ATH breakout and is currently retesting the breakout.
A safe stock for long term investors available at reasonable valuations.(Not a recommendation)
The only risk with gas distribution stocks are margins are dependant on crude oil prices.
BSoft-ATH breakout retest of an investment stockNiftyIT sector is looking very weak as we have seen a breakdown of support.
BSoft is one smallcap IT stock which has big potential to grow in future.
Currently, stock is retesting its previous ATH and once stock goes above 650, a good swing trade can be initiated only if NiftyIT turns bullish.
If we see a fall in this stock and you are a long term investor, best price to accumulate this stock is between 490-520. Stock becomes extremely weak below 380.
MapMyIndia-A multibagger stock for a swing tradeMapmyIndia is one of my favourite stock among small cap IT sector which has now done a breakout retest and is available at an amazing price.
If stock gives weekly closing above 1900, we will see ATH levels soon. However, I expect bigger targets from stock as given on chart.
A very good investment stock as well since the company provides API solutions as a cheaper alternative to google maps. Just a personal opinion shared for educational purposes.
SMCGlobal-A breakout done for multibagger returns?SMCGlobal is a small cap company which is involved in broking related activities.
As we know, share market industry has big potential, this company has big scope to grow exponentially.
Technically, stock has given ascending triangle breakout and has completed retest of same.
Risky investors should not miss this opportunity of making multibagger returns.
Stock is ready for a big bull run once 150 is crossed.
If you like my analysis, please follow me for more such interesting ideas.
SHALBY: High Return Idea Upto 100%Shalby Hospital India’s best multispeciality hospital which provides world class healthcare services.
It has recently undergone a notable decline and is currently trading near the 242 mark after retesting its multi year breakout zone, indicating a potentially favorable opportunity for investors.
Traders and investors can contemplate entering Iong positions within the 220-240 range for a potential upside upto 450/-
To mitigate risks, we advise setting a stop loss below 195 based on monthly closing prices, ensuring prudent risk management throughout the trade.