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. :-)
Breakoutsignal
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.
Continuation Wedge - Bullish PatternA continuation wedge , is a technical analysis pattern found in daily chart of MTARTECH.
Let's delve a bit deeper into the components and dynamics of this pattern.
Bullish Continuation Wedge:
Shape and Structure:
Trendlines: A bullish continuation wedge consists of two converging trendlines that slope downward against the prevailing uptrend. These trendlines create a narrowing price range, forming a wedge shape.
Market Psychology:
Temporary Interruption: The wedge pattern represents a temporary pause or interruption in the ongoing uptrend. It suggests a consolidation phase where both bulls and bears are active, and the market is undecided about the future direction.
Battle between Bulls and Bears: During the formation of the wedge, bears attempt to gain control and reverse the trend. This can lead to some price retracement or sideways movement as selling pressure increases.
Resolution and Outcome:
Breakout to the Upside: The key moment occurs when prices break above the upper trendline of the wedge. This breakout signals that the bulls have ultimately triumphed over the bears, and the prior uptrend is likely to continue.
Volume Confirmation: Ideally, the breakout should be accompanied by a noticeable increase in trading volume. This helps validate the strength of the bullish move.
Trading Strategy:
Entry: Traders may consider entering a long (buy) position when the price breaks above the upper trendline of the wedge.
Stop-Loss: A stop-loss order can be placed below the lower trendline of the wedge to manage risk.
Target: The length of the wedge pattern can be used to estimate a target for the bullish move. This is measured from the beginning of the wedge to the point of breakout.
Cautionary Notes:
False Breakouts: While the pattern is reliable, false breakouts can occur. Therefore, it's essential to wait for confirmation, especially through increased volume.
Confirmation with Other Indicators: Traders often use additional technical indicators or chart patterns to confirm the potential success of the breakout.
In summary, a Bullish Continuation Wedge is a pattern that indicates a temporary pause in an uptrend, with the ultimate resolution being a resumption of the upward movement. Trading decisions based on this pattern should be supported by additional analysis and risk management techniques.
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
PITTIENG Resilient Rally:Strong Uptrend with Potential Breakout.Technical Analysis:
Uptrend Formation: The consistent higher highs and higher lows demonstrate a well-defined uptrend, indicating strong bullish sentiment.
SMA Support: The recent price movements have shown significant support around the Simple Moving Averages (SMA), particularly the 50 SMA. This adds an extra layer of confidence to the overall bullish bias.
Breakout Potential: The current price is flirting with a breakout above a key resistance level. A decisive move beyond this point could trigger a strong bullish momentum.
Q3 2024 Looking into the company’s Performance, PCBL Ltd’s revenue increased by 11 percent on a quarter-on-quarter basis from Rs. 1,487 crores in Q2FY24 to Rs. 1,657 crores in Q3 FY24. Further, revenue increased by 21 percent year on year from Rs. 1,363 crores in Q3FY23 to Rs.1,657 crores in Q3FY24
PCBL Ltd’s net profit increased by 20 percent on a quarter-on-quarter basis from Rs. 123 crores in Q2FY24 to Rs. 148 crores in Q3FY24. Further, net profit increased by 52 percent year on year from Rs. 97 crores in Q3FY23 to Rs.148 crores in Q3FY24.
According to the business filing, PCBL Ltd has announced an interim dividend of Rs. 5.50 per equity share of Re. 1 each for the fiscal year ending March 31, 2024, and has set Monday, January 29, 2024, as the Record Date for payment of the aforementioned Interim Dividend.
Ashish Kacholia holds 70,84,990 shares, i.e. equivalent to 1.88 percent of the company as of the December quarter of 2023.
Fantastic Pre-Breakout Trade Opportunity-DHANBANKThe stock has displayed a strong upward trend, showcasing an impressive run before entering a consolidation phase lasting approximately 3 months. Throughout this period, the 50-day Simple Moving Average (SMA) has acted as a robust support level, indicating a solid foundation for potential bullish momentum.
Despite two unsuccessful attempts to break out during the consolidation, the stock has remained resilient and is once again gearing up for another breakout attempt. The repeated testing of resistance suggests increasing pressure, and a successful breakout could signal a renewed bullish trend.
Technical Indicators:
1.50-day SMA Support: The consistent support provided by the 50-day SMA indicates a strong
base for the stock, enhancing the probability of a successful breakout.
2.Repeated Breakout Attempts: The stock's resilience in attempting to break out multiple times
signals a building momentum, potentially leading to a breakthrough.
3.Volume Analysis: Observe increasing or sustained volume during breakout attempts, as this
can validate the strength of the potential upward move.
Amazing breakout on Weekly / Daily Timeframe - TAJGVK
i usually don't believe in patterns, since pattern trading era is gone. However, breakout works since price reacts first before the news.
It's just a perspective, a simple chart for pattern lovers.....
P.S: No Hate, only peace & Love for all traders out there!
Amazing breakout on Weekly / Daily Timeframe - AIAENGi usually don't believe in patterns, since pattern trading era is gone. However, breakout works since price reacts first before the news.
It's just a perspective, a simple chart for pattern lovers.....
P.S: No Hate, only peace & Love for all traders out there!
Amazing breakout on Weekly / Daily Timeframe - PGHLi usually don't believe in patterns, since pattern trading era is gone. However, breakout works since price reacts first before the news.
It's just a perspective, a simple chart for pattern lovers.....
P.S: No Hate, only peace & Love for all traders out there!
Amazing breakout on Weekly / Daily Timeframe - BANKINDIACheckout 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 - NAZARACheckout 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 - UNIONBANKCheckout 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 - OFSSCheckout 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 - UGROCAPCheckout 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 - SAPPHIRECheckout 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 - COFORGECheckout 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. :-)