#HITECH Breakout Retest and Volume ConfirmationTechnical Analysis:
HITECH has been exhibiting a strong uptrend on both the daily and weekly timeframes.
Recent breakout followed by a retest of the breakout level, which is a bullish sign indicating
potential continuation of the uptrend.
The retest of the breakout level occurred with declining volume, suggesting weakening
selling pressure.
Today's price action shows signs of renewed buying interest as it attempts to move higher
after breaking the previous high.
Notable aspect: The test of support occurred with very low volume, indicating lack of selling
interest and potential accumulation by bulls.
Disclaimer: This is not financial advice. Trading involves risk, and it's essential to conduct thorough research and analysis before making any trading decisions.
Breakouts
AMBIKACO - watchout for close above 1900. TGT 2800NSE:AMBIKCO
cmp 1741
watchout for close above 1890/1900
should do well above 1900 for tgt of 2800
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
WINDMACHIN - keep an eye out for BO above 105NSE:WINDMACHIN
CMP 85
watchout for BO above 105. potential to head for 160
gave BO for the first time on Nov 21 at 45. It achieved a high of 104.30 giving gains of 130%
now watchout for BO above 105 going forward, as this will take it to the 160
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
HITECHGEAR - keep an eye out for BO above 510NSE:HITECHGEAR
cmp 450
watchout for BO above 510. it will head for ATH and beyond
gave BO for the first time on June 23 at 295. It achieved a high of 427 giving gains of 44%
then gave BO for the second time on Nov 23 at 420 and made high of 518.80 giving 23% gains
Watch for BO above 510 going forward, as this will take it to the ATH and beyond
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
NOCIL: Breakout Confirmed, Uptrend or Pullback Test?Analysis:
The chart of NOCIL on TradingView presents a post-breakout scenario, offering potential long entry opportunities but also demanding cautious consideration. Let's delve into the details:
Current Price: ₹290, surpassing the key resistance level of ₹285 marked by the orange line.
Breakout Confirmation: The recent surge past the resistance zone, accompanied by moderate volume, confirms a potential trend reversal from resistance to support.
However, a crucial question emerges:
Has the uptrend momentum exhausted, or is a pullback retest of the breakout level imminent?
Trading Strategies:
Aggressive:
Option 1 (Immediate Long): Enter long if the price closes and sustains above the current level (₹290) with persistent buying volume. This aggressive approach assumes the uptrend will continue.
Option 2 (Retest Confirmation): Enter long only if the price retests and decisively breaks above the breakout level (₹285) with renewed buying volume. This option waits for confirmation before committing.
Conservative:
Wait for Pullback: Wait for a potential pullback towards the breakout level (₹285) or within the previous consolidation zone (visible in the chart, likely between ₹260-₹280).
Enter long only if the price finds support at the pullback zone and exhibits bullish reversal signs (e.g., hammer candlestick pattern). This approach prioritizes minimizing risk by waiting for confirmation.
Additional Considerations:
The stock market is volatile, and even confirmed breakouts can experience pullbacks.
Conduct thorough fundamental research to assess NOCIL's financial health, industry outlook, and future prospects before making investment decisions.
Implement prudent risk management through stop-loss orders and appropriate position sizing.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
JAGRAN - a favorable setup for a TGT of 175-200NSE:JAGRAN
cmp 109
a favorable setup for a TGT of 175-200
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
HCG - watch for closing above 390 & then ride the trend NSE:HCG
cmp 384.35
watch for closing above 390 & then ride the trend
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
KIMS - This setup appears promising and worth researchingNSE:KIMS
cmp 2242.70
excellent setup worth researching for long term investing
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
LAURUSLABS - developing setup, wait for BO above 440NSE:LAURUSLABS
cmp 399.85
This setup is developing and appears promising
Let's wait for a breakout over 440 before moving on with buy position
anticipating a first target range of 550–560, and after some area consolidation, will head in the direction of 700
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
METROPOLIS - setup worth studying for tgt of 2500NSE:METROPOLIS
cmp 1785.90
very good setup on monthly chart where one can expect tgt of 2500
it is showing a rounding bottom pattern on weekly chart which is good sign
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
Amazing breakout on Weekly / Daily Timeframe - AEGISCHEMCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Amazing breakout on Weekly / Daily Timeframe - RAINCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Amazing breakout on Weekly / Daily Timeframe - WIPROCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Amazing breakout on Weekly / Daily Timeframe - MPHASISCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Amazing breakout on Weekly / Daily Timeframe - SAREGAMACheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Amazing breakout on Weekly / Daily Timeframe - NATCOPHARMCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Amazing breakout on Weekly / Daily Timeframe - IPCALABCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Amazing breakout on Weekly / Daily Timeframe - METROPOLISCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Federal Bank: Breakout Confirmed, Bullish Consolidation or RetesAnalysis:
The chart of Federal Bank on TradingView suggests a confirmed breakout above the 158.95 resistance level (orange dotted line), offering a potential long entry opportunity. However, recent market volatility and the price action within the chart require careful consideration.
Current Price: ₹164.70, above the breakout level
Breakout Confirmation: The recent surge past the resistance zone, accompanied by decent volume, confirms a potential trend reversal. However, the recent market weakness and the consolidation pattern visible in the chart necessitate further analysis.
Trading Strategies:
Aggressive:
Enter long only if the price breaks above the consolidation range with renewed buying volume, suggesting continued momentum. This approach requires confidence in the breakout's strength despite recent market weakness.
Set a stop-loss order below the breakout level (₹158.95) or below the consolidation range, whichever is more conservative.
Potential target prices could be ₹175 and ₹185 based on chart patterns and Fibonacci extensions.
Conservative:
Wait for a potential pullback towards the breakout level (₹158.95) or within the consolidation range.
Enter long only if the price finds support at the pullback zone and exhibits strong bullish reversal signs, such as a double bottom or engulfing bullish candlestick pattern. This approach prioritizes minimizing risk before committing.
Additional Considerations:
The stock market is inherently volatile, and recent market weakness could impact Federal Bank's momentum.
Carefully analyze the price action within the consolidation range in the image to assess its strength and potential breakout direction.
Conduct your own fundamental research to assess Federal Bank's financial health, industry outlook, and future prospects before making investment decisions.
Implement prudent risk management through stop-loss orders and appropriate position sizing.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions
Amazing breakout on Weekly / Daily Timeframe - BOSCHLTD Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)