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Breakoutretest

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
NSE:INFYLong
by GoodluckCapital
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.
NSE:BAJAJHCARELong
by JJJ-555
1
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.
NSE:BSOFTLong
by chartistamey
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.
NSE:MAPMYINDIALong
by chartistamey
2
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.
NSE:SMCGLOBALLong
by chartistamey
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.
NSE:SHALBYLong
by Chinmayonniftyy
Some signs of bottoming in Mahindra Logistics!Mahindra logistics is a stock which is showing strong technical signals of a bottoming with a major breakout of a range. The level of 450 has proved strong resistance in past. Stock has broken it with volumes recently and is now retesting the breakout zone. RSI positive divergence is clearly visible in chart. Levels mentioned in chart are crucial. If stock sustains above 450 for couple of weeks, it will be clear signs of bottoming. This stock is a clear avoid for me as the company does not have strong fundamentals as of today. Any investor who is stuck in the stock from higher levels can think of averaging.
NSE:MAHLOGLong
by chartistamey