JOCIL Looks Good!NSE:JOCIL - The chart is self-explanatory.
- Strong Base Has been Marked and Strong Resistance is marked.
- Then Chart been analyzed in 2 parts
1. Previous Behavior - where price touched strong base twice (number marked as 2 and 4) and strong resistance twice (number marked as 1 and 3).
2. In expected behavior - price is somewhat doing same. Price has already touched strong base twice (number marked as 2 and 4) and strong resistance twice (number marked as 1 and 3).
Now what? Let see it should go Up or down?
In chart it has been explained what will happen next but let see....
Please note it takes time to analyze such hidden things, One boost from your end will really brings smile on my face.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Breakoutsignal
Borosil Renewables Ltd: Bullish Breakout Signals Analysis:
The provided chart of Borosil Renewables Ltd. on TradingView suggests a bullish breakout with potential for further upside. Here's a breakdown:
Current price: ₹608.75, up 7.45% from the previous close
Breakout: The stock decisively broke above the resistance level of ₹528.75,
Volume: Increased volume at the breakout point confirms strong buying pressure, supporting the bullish momentum
Moving averages: The price sits comfortably above both the 20-day and 50-day moving averages, indicating a potential trend reversal
Trading Idea:
Long position: Consider entering a long position if the price sustains above the breakout level (₹528.75) with continued buying pressure.
Target prices: Potential targets could be around ₹640 and ₹685, based on chart patterns and Fibonacci extensions.
Stop-loss: Place a stop-loss order below the breakout level (₹528.75) to manage potential downside risk.
Additional notes:
While the technical analysis paints a bullish picture, remember that the stock market is inherently volatile.
Always conduct your own research and consider fundamental factors before making investment decisions.
This analysis is intended for educational purposes only and should not be construed as financial advice.
Overall, Borosil Renewables Ltd.'s recent breakout presents a potentially lucrative opportunity for traders seeking long positions. However, practicing cautious risk management and thorough research is crucial before entering any trades.
I hope this analysis is helpful! Feel free to ask if you have any further questions.
Additional notes:
While the technical analysis paints a bullish picture, remember that the stock market is inherently volatile.
Overall, Borosil Renewables Ltd.'s recent breakout presents a potentially lucrative opportunity for traders seeking long positions. However, practicing cautious risk management and thorough research is crucial before entering any trades.
I hope this analysis is helpful! Feel free to ask if you have any further questions.
Disclaimer: I am not a financial advisor and this analysis is not financial advice. Please do your own research before making any investment decisions.
BITCOIN :- Resistance, Testing, and short Key Points:
Bitcoin currently hovers around $40,900, sitting on the lower edge of a sideways trading channel.
A confirmed channel break with strong volume could lead to a retest of $30,391 (previous breakout level).
Wait for price action to consolidate and confirm support at $30,400 before considering long positions.
Technical Analysis:
The price resides at the channel's support zone, testing its validity.
A breakdown through $40,900 with increasing volume signifies bearish continuation.
The RSI remains neutral, offering inconclusive momentum signals.
Strategy:
Neutral:
Observe price action at $40,900.
If a clean break with volume occurs, wait for confirmation of support at $30,400 before entering long positions.
Alternatively, a bounce off $40,900 with rising volume could indicate a potential trend reversal, warranting further observation.
Risk Management:
Prioritize risk management with well-placed stop-loss orders.
Adjust your strategy based on confirmed price action and volume patterns.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice.
Conduct your own thorough research before making any investment decisions
Amazing breakout on Weekly / Daily Timeframe - LICICheckout 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 - IDBICheckout 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 - INDIANBCheckout 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 - RITESCheckout 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 - BALKRISINDCheckout 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 - ICICIGICheckout 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 - VAIBHAVGBLCheckout 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. :-)
PS: This script is shared 1-2 days delayed. Sorry for the delayed charts.
Amazing breakout on Weekly / Daily Timeframe - CEATLTDCheckout 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 - JKPAPERCheckout 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 - AARTIINDCheckout 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 - INTELLECTCheckout 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 - BAJAJHLDNGCheckout 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. :-)
PFC Bullish Breakout: Small Base Breakout.Chart Analysis:
PFC has been consolidating in a small base, suggesting a potential breakout.
The stock is showing signs of strength, with supporting SMAs at 30 and 50 acting as crucial support levels.
The current setup indicates a strong uptrend before the consolidation phase, reinforcing the bullish bias.
Base Breakout: The small base formation is a classic precursor to a breakout, signaling a potential upward movement.
Major Resistance: PFC appears poised to challenge and break through major resistance levels in the near future.
SMA Support: The presence of the SMA 30 and 50 adds additional strength to the bullish case, acting as dynamic support levels.
Uptrend Continuation: The strong uptrend before consolidation suggests that PFC may resume its upward trajectory.
Remember to conduct your analysis and risk assessment before making any trading decisions. Happy trading!
Nifty Bank - Downward Breakout Confirmation?Key Points:
Nifty Bank currently at 46000, a key resistance area.
Previous attempt to break resistance resulted in sideways consolidation (distribution phase).
Recent breakdown with volume suggests potential bearish continuation.
Wait for pullback towards 46300 for confirmation and short entry.
Technical Analysis:
Resistance zone around 46000 previously tested and failed.
Sideways movement for months indicates distribution of holdings.
Breakout with volume on the downside confirms bearish momentum.
Strategy:
Bearish:
Enter short position if Nifty Bank pulls back to 46300 with confirmation (e.g., bearish candlestick pattern).
Set stop-loss above 46600 to limit potential losses.
Target initial downside levels at 45400 and 44800.
Neutral:
Wait for further confirmation of the breakdown before taking a position.
Monitor price action and volume to assess strength of bearish momentum.
Disclaimer:
This is for informational purposes only and not financial advice.
Always do your own research before making investment decisions.
LIC: Poised for a Breakout?Key Points:
LIC is currently trading at ₹906, near its IPO price of ₹906.
A breakout above ₹906 could signal a bullish move.
A pullback to ₹728 could offer a good entry point for long positions.
Technical Analysis:
The stock is testing a key resistance level.
A breakout would confirm a bullish trend reversal.
Volume is increasing, indicating growing interest.
The RSI is in the bullish zone, suggesting momentum is building.
Strategy:
Bullish:
Buy LIC if it breaks above ₹906 with a stop-loss at ₹880.
Target a move to ₹1050 and ₹1150 in the medium term.
Neutral:
Wait for a pullback to ₹728 to initiate a long position.
Risk Management:
Set a stop-loss to protect your capital.
Monitor the stock's price action and adjust your strategy accordingly.
Disclaimer:
This idea is for informational purposes only and does not constitute financial advice.
Always conduct your own research before making investment decisions.
MIDHANI has exhibited remarkable strength in the recent selling MIDHANI has exhibited remarkable strength in the recent selling market, showcasing its resilience and potential for further upside. Yesterday's breakout, shared in our group, highlights the stock's robust performance. Despite broader market conditions, MIDHANI has maintained a strong trajectory, reflecting its underlying strength.
Technical Analysis:
Uptrend Confirmation: MIDHANI is currently in a strong uptrend, demonstrating its ability to withstand market pressures. The consistent upward movement signals positive sentiment and investor confidence.
Consolidation Period: After a consolidation phase lasting around 3 months, MIDHANI formed a classic rounding bottom structure. This pattern suggests a potential reversal from a downtrend to an uptrend and is often indicative of a bullish trend reversal.
Breakout: Yesterday, MIDHANI successfully broke out of the consolidation range, confirming the validity of the rounding bottom pattern. This breakout is a powerful signal, indicating a shift in momentum and a potential start of a new bullish trend.
Maintaining Strong Levels: The stock is currently holding above the breakout level, showcasing resilience and confirming the newfound bullish momentum. This stability is a positive sign for traders and investors looking for a sustained uptrend.
Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always do your own research before making any investment decisions. Trading involves risks, and past performance is not indicative of future results.