AIRTEL Closing above the BREKOUT {support} zone highly indicating the sign of BREAKOUT RETEST , will it bounce back from here ?
I BELIEVE FOR SURE IT WILL BOUNCE BACK . CMP 612
Breakoutretest
JM Financial - 3yr Classic Diamond Pattern Breakout RetestBUY GUIDANCE:
Never buy before 3PM (I have been burnt over and over). Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
CONCOR Breakout Reteston weekly chart it has touched 20W MA and also retesting support after breakout.
600-630 will act as support on weekly chart.
RSI indicates bullishness on Weekly chart.
VEDL - Monthly BreakoutVEDL successfully Breaking out of Multiyear pattern (11 Years old TL) on closing basis.
Kilitch Drugs - 2yr Breakout retestSL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
SBIN - 11yr BO Retest with 5mth C&H and 1mth VCPSL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Bhagiradha Chem - 3yr BO retest with Double bottomThe stock is showing interesting price action. From here on, wait for volumes to drop very low, or wait for the price to breach the short term upper resistance (whichever happens early), and then take entry. Price action explained on chart.
Mkt Cap ~ 600Cr
D/E ~ 0.1
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Tata Power - 9yr Breakout RetestThe stock seems to be consolidating above its breakout area. The breakout resistance has turned into a strong support. Safe to buy on a closing above 127.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Shakti Pumps - 3yr Breakout RetestThe stock gave a clean rounding bottom breakout with big volume bars, even created a cluster of volume (a good sign). Pulled back to breakout area on low volume. Stabilizing around the breakout retest. The volume RSI is at its support level, making a possible double bottom. Could start its run up when markets end the bearish streak in coming days.
FUNDAMENTALS
Excellent fundamentals. Going to benefit from Govt scheme (KUSUM) meant to replace Agriculture Diesel pumps with Solar Water pumps and Solarise Grid connected Agriculture pumps. Did 50000 out of the govt target of 1lakh in FY21.
Though Govt is targeting for 20 lakh pumps by FY22 (this is unlikely to happen). Still, FY22 targets will easily beat FY21 and hopefully more will happen in next 3 years while they are in power.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Cholamandalam Inv - Expecting a reversalCholamandalam Inv is expected to have a reversal breakout from its bottom support, so give an entry with appropriate Stop loss only after a clear bullish candle from its bottom
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Sudarshan Chemicals - 3yr Rounding Bottom breakout retestThe stock broke out of a 3yr rounding bottom on very high volume. Subsequently it came back to test the breakout zone, made a double bottom and consolidated for 8 weeks. Now it seems to have broken out of the consolidation, and looks ready to fly.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
KSB Ltd - 3.5 yr Rounding Bottom Breakout RetestThe stock made a bottom on low volume and then started its run up on increasing volumes. Gave a clean volume breakout and returned to test the breakout level. And look at the magnitude of the volume bar on a bounce back from BO level. Looks very strong.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Quess Corp - 3yr H&S Breakout RetestThe stock broke out of 4yr S/R zone which also happens to be the neckline of the 3yr H&S patterns. If we look at the daily chart, it tested the breakout zone once, and is coming back for another retest. This time the selling volume is slightly higher, but the good thing is, it's decreasing as it approaches the breakout zone, plus there's 20VWMA 1-2% below the breakout zone. Very good risk reward play. Let's see how it fares.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on a daily close basis.
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
is symmetrical triangle breakout retested? could btc ready to goTechnical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart, Bitcoin got Rejected by the EMA200 Resistance (40900) But Still Moving above 38k Support.
At the Moment, Bitcoin is Retesting the 38k Support (Descending Channel), If Daily Candle Closed Above the Channel, Expecting Bounce Back towards the MA200. 📈
#Bitcoin is Moving Below the MA200 & 41.2k Horizontal Resistance.
RSI indicator is Making Lower Highs Since 8th Jan (Downtrend)
Death cross is Emerging as well (MA50 crossing below the MA200)
A close above MA200 invalidate the Death Cross‼️
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ANUP ENGINEERINGSelf Explanatory!
This is not a Trade Recommendation. Its for learning with the community. Please use discretion. Your Money, Your risk and Your Responsibility.
Comments are welcome!
Gokaldas Exports - 5yr Breakout retestThe stock shot up on huge volumes, making a volume cluster on the last 6 weeks. A strong signal that something positive is in the offing. Turnaround, orderbook, numbers, it could be anything (or a mix of these things).
The breakout happened on very good volumes. The stock has been cooling off for a week on decreasing volumes. Tested the breakout support on lowest volume in the past few weeks. The 20VWMA is right below the breakout zone. The stock might test the 20VWMA as well and shoot up from there.
I reserve the right to be wrong.
Disclaimer: I'm not a SEBI registered analyst. Please consult your financial advisor before investing.
Eicher Motors breakout retest with RSI 60—a good long candidate?NSE:EICHERMOT is retesting its breakout zone with RSI at 60 and support at 13DMA (not pictured here). FIB extension targets are highlighted. First resistance can be 2800 (also happens to be 23.6% FIB). A few auto stocks seem to be in momentum and have retraced so the sector seems to be in a good mood, too.
If we observe, Eicher had formed an H&S, took support and is now retesting around the left & right shoulder levels.
Stop can be placed below 2700, around 2670-2680.
Deepak Nitrite : Excellent Risk Reward Swing OppurtunityNSE:DEEPAKNTR has broke out of ascending triangle and made a retest. The stock is currently at support level (Previous resistance) and is also taking support from the trendline which is a confluence. There is a good chance the stock might reverse from here and test all time high. Conservative traders can wait for a green candle formation at this level which adds another confluence of double bottom. The stock is consolidating for nearly a month and has good chances to rally from here.
This is just my view ,please follow your trade plan and risk management before initiating any trade.
Nath Bio Genes 2yr Breakout retest / 10mth Rounding on heavy volThe stock is showing some very interesting price action despite the sector being quiet in the last few days. A Gap up opening one day before earnings. Notice the massive volume clusters during the rounding bottom formation. It broke out of long time resistance on very high volume and followed through with absorption volume. Came back on low vol to test the breakout area, formed a bullish pin bar and shot up on a 11% gap up with disproportionately high volume. Wonder if there's a goldmine hidden in the earnings result. Keep a close watch.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
EXCELINDUS Weekly Breakout Retestit has retested weekly breakout at 1000-1050. new support becomes 1000, it also shows inverted H&S pattern on weekly chart as well.
RSI above 60 on weekly
breakout was seen after lengthy consolidation on weekly chart. retest of breakout is also completed.
HBL Power 6mth Breakout RetestThe stock has been trading in a channel for 6 months. Big accumulation volume bars could be seen throughout the channel. Finally gave a breakout on huge volume. The price has now come back to retest the breakout area. It may take support at the 20VWMA (Green line) and bounce back once the earnings are announced in a couple of days. RSI is above 50, Relative strength line is above NIFTY.
Moving along with sector.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Excel Ind - Retest of 2yr breakout zone on good earningsGreat find by @monkmaxims
The stock made a 2yr Inverted Head and Shoulder Pattern on weekly chart. It gave a 9 month channel breakout on 4th May with very high vol. After 15 odd sessions, price has come back to retest its long term breakout level on very low volumes. Also co-inciding with result date, showing a good set of earnings (60% rise in YoY EPS.)
Sector on the move due to good monsoon.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
JustDial 5.5yr Head & Shoulder Breakout RetestGave a breakout with very good volumes. Tested the Breakout area on low volume. Now setting up nicely with fresh volumes coming in.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
