Sakthi Pumps | channel Pattern | swing tradeSakthi Pumps | channel Pattern | swing trade
Sakthi pumps forms a channel pattern and gives a nice breakout followed by little consolidation
and now stocks in back on track of bullish momentum
Breakouts
Jamna Auto - big breakout stock gaining momentumJamna auto cmp is 107
The stock made high of 100 in year 2017 and then made low of 21 durind covid crisis. Then again touch high of 130 plus levels and now trading at 105-107.
The stock is making cup and handle pattern, also big buying volumes have come around 100-110 levels, suggesting big move coming up for atleast 170 levels.
Then may go past 200 levels.
Over fundamental basis , annual profits are increasing yoy basis supporting increase in the share price.
Thanks.
CARE Ratings - Play the possible breakout -CARE Ratings Ltd - Oligopoly sector- Recent buy back at 515 - Dividend Yield - High OPM - Low BV vs peers -
Breakout level and expected levels are given - Practice Stop Loss Discipline - Capital Preservation First
Re-visit after a few years this one has legs.
- Not Advice or a solicitation to buy or sell securities -
BANCO INDIA- Breakout CandidateBANCO INDIA has given a breakout on daily chart after a long consolidation of almost 4 months.
We can see good volumes below with RSI (14) above 60.
Weak below 203. Possible resistance- 265/270
Multiple reasons to get long1. Flag & pole pattern breakout
2. 9 months consolidation
3.Entry before breakout has its own benefit
Ascending Triangle in Asian Paint.NSE:ASIANPAINT
The Stock has been consolidating for almost 2.5 years and it has formed a ascending triangle formation which can trigger a breakout and start a trend continuation and take the price to new highs.
The Targets are projected on the basis of fib-extensions.
All important levels and logic is explained on chart.
I hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
India Mart Set to Move FastIndiamart is set to break out/down because it has been consolidating in tight parallel channels for a while, a big move can be anticipated on either side !
look for additional trend confirmation !
BLS Strong gaining strength for breakoutBLS international breakout on charts,
FII schemes incredsed,
Promoter holdings increased,
Subsidary company aligned for IPO to be upcoming,
fundamentally very very strong,
in 1 year FII increased stake from 1.5 to 7%
HDFCLIFEHDFCLIFE:- Stock has given breakout, with very strong candles, breakout after 1.5 years
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
COASTCROP huge breakoutTake entry at CMP
target 375
strong SL 240
This counter is ready to move faster. So enter it with strong SL
Tech Mahindra - Breakout Possiblehiii all,
Greetings!
For almost an year we have seen Tech Mahindra stock running side ways, few days back Tech Mahindra gave a breakout above 1140 levels.
Yesterday & Today it has retested its support level. Hopping for strong up move.
well the result season for IT stock has begun so keep an eye on results also.
Thanking you
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
Please like and comment.
Share with Your Friends.
Keep Learning,
Happy & Safe Trading
ASHOKLEYLAND Daily Chart Breakout if Close above @169.50Ashok Leyland Breakout in Daily Timeframe
Breakout Level: 169.50
Target Price: 182.00
Stoploss Price: 161.00
Key Point: Traded above EMA 200 (146.80)
Strong resistance around @167.00
If close above the resistance it should be going to touch upward channel around @182.00
BHARTI AIRTEL swingBullish on the telecom giant stock as it has broken its important resistance zone and also previuous all time highs , stock good to be bought as long as its trading above 850 levels , stop loss at 820 , any dip towards 860-850 levels is a buying opportunity , targets of new all time highs of 930/990/1050 in coming days 🚀🚀🤓🤓
jsw steel jsw steel is clean clear breakout on weekly time frame
target 1 = 826
target 2 = 880
only for education and learning.
Triangle pattern breakout set up 1. Triangle breakout pattern
2. Decisive breakout
3.6 months consolidation before breakout
4.18 months Resistance breakout
5. Major trend is bullish
Fresh breakout with 5 months consolidation1. Major trend is Bullish
2. RR is lucrative about 1:5, if trade with aggressive SL
3. If target is 545 levels then keep room for price to move and wait for closing SL below 322
4. If trend changes and price to reverse then follow 305 level as SL
Deepakntr, Trendline breakout viewThis is for educational purposes only.
This is not buying or selling recomendation.
I am not sebi registerd.
Please consult with your financial advisor before taking any trade.
SBIN Likely to hit its All time high(630) AgainSBIN has made breakout of 565 levels and made a close above it.
RSI is above 60 levels and banking sector has outperform nifty with help of this stocks.
SBIN has its earning release on 30th may.
Stock has retested levels of 565 and taken support at that levels which means SBIN is not likely to go below 565 levels.
SBIN has next resistance 595 levels where we can see highest OI build up.
Due to HDFC bank rating there was shakeout in SBIN also.
Let us see whether followup of this shakeout is there or not.
One can trade with SL of 573 levels.
This post is for educational purpose only.
Happy Trading !!!!
Apollo Tyres1. Price near 52W H 343.05 (-2.4%)
2. Build Up near Resistance
3. Multiple tests of Resistance
4. Higher lows into Resistance usually result in a breakout
5. Volume is above average
6. Close above LMH 324.85
Educational purpose only
SYNGENE INTERNATIONAL : STRENGTH OF 2.5 YRS OF CONSOLIDATIONSyngene International Limited is an India-based contract research company. The Company is engaged in providing services from early discovery and development to commercial manufacturing for small and large molecules and a Market Cap of Rs. 24,500+ Cr. The chart is moving within a limited range since 2020 , for almost 2.5 years. Though the range is high but is limited , from 510 to 680. The stock remained untouched from the relative movements in Pharma Sector as well as market as whole. The stock is now consolidating.
When a stock is ready to come out any range, the bottoms get higher and higher as we seen in the chart , the bottoms are getting higher since Jun 2022. We are seeing Symmetrical Triangle Pattern. We see breakout of this pattern last week and since then the stock is consolidating. The next resistance is from 650 to 690, which is stock's life time high. If the stock crosses this level, there is possibility of a new trend , strong trend , with a gained momentum of last 2.5 years.
Symmetrical Triangle is completed and is already broken out , pattern is strong , high consolidation of 2.5 Years and 50 EMA Support , all these factors , indicates a break out in of this chart.
Entry @ CMP : 609
Targets : 650 , 690 , and if breaks the range (high possibility ) thereafter a new positive trend ...
Stop Loss : 605
This analysis is only for education purpose. Please do your own analysis before entering into any trade and trade at your own risk. Best Of Luck !!!
Deep Industries BreakoutDeep industries has done strong breakout.
Best price to add will be 160 around.
Will add in parts.
