A breakout is when the price moves above a resistance level or moves below a support level.
Breakouts provide low risk & high reward. Great Risk/Reward ratio.
Best entry after retest
Breakouts can be subjective since not all traders will recognize or use the same support and resistance levels.
Aarti drugs is on the verge of multi year breakout of long side ways zone.
Please refer the chart.
Supply zones @ (940-971) / (1100-1130) / (1240-1280)
Demand zone @ (784-810)
Major demand zone @ ( 688-706)
IDFC First Bank clear cut break out with volume
Also see long build up. ( search on google to see it ) which is a clear signal of a bullish trend. but observe Nifty and build position see target levels in chart.
Glenmark Pharma stock moving in a parallel chanel and preparing for breakout .keep your eyes on this stocks if it brek the upper chanel then stock can test the 380 upper chanel .
in case the stocks breaks the lower chnnel in downside direction then the stock can show kajor fall in upcoming trading days .
Upcoming wave is impulsive wave and target is 577 nearby after up breakout.
Let's check Breakout more closer look.
While breakout the price Congestion, volume should more than 2x from average volume.
The bhartiartl in slow...
Weekly chart - Strong buying pressure
Daily chart - Potential double short
Hourly chart - pushing back to tesst top resistance once more
If it rejects this top level again we are in a good way for Double top setup
We will have to wait and see how price reacts to the 143 price level, If you want you can play agressive with a shot pending order on the 143 level...