Breakoutsignal
This railway sector player is testing multi-week breakout zone!NSE:IRCON is an integrated engineering and construction PSU specializing in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc.
The railway sector is picking up pace in India and this stock is showing consistently increasing sales, net profit and EPS. This has resulted in the stock giving a healthy 33% absolute stock price return in the past 1 year (source: screener.in)
Although a bit on the expensive side compared to book value, the stock has also given out a healthy dividend!
Definitely one to watch out for.
Breakout in RAILTELBreakout in RAILTEL in Weekly Timeframe
Entry: 113.25 ( CMP )
Target 1: 120
Target 2: 140
Target 3: 165
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
Cup & Handle breakout signal in ICICI BankToday's candle marks the break out of the Cup & Handle pattern in ICICI Bank's daily time frame chart.
We may see a couple of days of profit booking due to the following reasons:
1. F&O Scrip
2. Near lifetime High
3. Has been closing in green for 8 consecutive days
But, don't fret. Good days are only going to be ahead. I will suggest accumulating on every dip with an SL of 837.6 from the medium to long-term view. From a short-term perspective, one can have an SL of current swing low i.e. 891.25. Both are on a closing basis.
Breakout in KOTAKBANK in Weekly TimeframeBreakout in KOTAKBANK in Weekly Timeframe
Entry - 1969
Target - 2255
The stock might retest before moving up.
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
Tata Consumer breakoutTata Consumer - Short Term Range Breakout Idea
When the price crosses the range, it is likely to continue in that direction. Intraday traders then use the breakout as the entry point. In simple words, the opening range breakout strategy means taking a position when price breaks above or below the previous day's high or low
Tata Consumer Products is an Indian fast-moving consumer goods company with its corporate headquarter in Mumbai, and is a part of the Tata Group. Its registered office is located in Kolkata. It is the world's second-largest manufacturer and distributor of tea and a major producer of coffee.
INDIAN HOTEL : BREAKOUT AWAITED - TRADE WITH RISK REWARD OF 1:5 Price has shot up in a narrow channel and facing resistance at key levels.
Price has tested this resitance thrice and looks like now is in a position to break this resistance to
give a upmove of 15 %.
Risk Reward & Stop loss mentioned in the chart.
Possibility of a breakout in CANBKPossibility of a breakout in CANBK.
Entry: 255
Target 1: 300
Target 2: 370
Target 3: 418
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
Parallel channel Breakout Expected in Sundram FastnerHello friends,
As per the chart , it is parallel channel Breakout Expected in Sundram Fastner. One can go long with tomorrow target of 980+ and short term target 1100 Sl is 875.
I am expecting it to break the current parallel channel this time. Earning is expected tomorrow 1st Nov 2022.
Please do your own risk analysis and then buy on your own wish.