Breakoutsignal
Deepak Nitrate: Bullish even in longer termExcellent and encouraging chart formation in Daily timeframe.
Look at it:
The chart is now breaking out (and in retesting mode) of the long term falling trendline (red color)
The solid long term supports one can see first 2156, then 2050 level.
Higher side: 2400, 2700.
Keep SL of 2150. CMP: 2260
Mahindra CIE Automotive Ltd - Multi-year + Cup & handle Breakout📊 Script: MAHINDCIE (MAHINDRA CIE AUTOMOTIVE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY SMALL CAP / NIFTY INFRASTRUCTURE
📊 Sector: Consumer Discretionary / Automobile and Auto Components
📊 Industry: Auto Components & Equipments
Weekly Time Frame
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover .
📈 Volume is increasing along with price which is volume breakout.
📈 Script is giving breakout of Cup & Handle as mention is chart.
📈 On a daily Time Frame script is giving multiple resistance breakout as mention in 2nd chart and also rounding bottom breakout is there.
📈 Current RSI is around 73.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 317
🟢 Target 🎯🏆 - 352
⚠️ Stoploss ☠️🚫 - 302
👉Strong fundamentals, Expensive valuation
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. 1Cheers!🥂
Breakout in RATEGAINBreakout in RATEGAIN
Entry: 305.05( CMP )
Target 1: 400
Target 2: 520
You can take an entry now or wait for a retest.
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.
Inverted Head and Shoulders Breakout in KIRLOSBROSOn 23 sept 2022. NSE:KIRLOSBROS gave a breakout of Inverted Head and shoulders and Managed to close above the Neckline on Daily Time frame. ADX above 29 indicating that stock is going to trend soon.
TRADE - Positional trading
BUY - 369 - 372
TARGET - 482
STOP LOSS - 346