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Lupin Breakout: A New Highs Journey Begins!Hello everyone, i hope you all will be doing good in your life and your trading as well. Today i have a Lupin stock which has caught the market's attention with a powerful breakout from its resistance zone. Backed by increasing volume and bullish momentum, this pharmaceutical giant is showing signs of a potential rally. Let's dive into the chart to explore the opportunities. 1. Chart Overview The chart appears to be for LUPIN LTD on a daily timeframe (1D). The key focus is on price action with clearly defined support and resistance zones. Indicators used include the RSI (Relative Strength Index) at the bottom of the chart. The price is currently trading at ₹2,311.35, up by +3.75% for the day. 2. Key Levels Highlighted Support Zone (Grey Band) The support zone is marked around the ₹2,000–₹2,100 level, acting as a base where buyers consistently step in. The price bounced off this zone multiple times, confirming its strength. Resistance Zone (Grey Band) The resistance zone is marked around ₹2,300–₹2,350, where sellers have historically prevented price from moving higher. The recent breakout indicates strong bullish momentum. Stop Loss (₹2,222) A stop loss is suggested at ₹2,222, slightly below the resistance zone. This is to manage risk in case the breakout fails and the price reverses. Targets 1st Target: ₹2,490 : This is a realistic level based on previous price action and the measured move. 2nd Target: ₹2,678: This is a more optimistic target if the price continues its uptrend. 3. Price Action Breakout: The price has broken above the resistance zone with strong bullish momentum, as seen by the large green candle and increased volume. This breakout suggests a potential continuation of the uptrend. 4. Volume Analysis Volume Surge: There is a noticeable increase in volume during the breakout, indicating strong buying interest. Volume confirmation is a good sign that the breakout is genuine. 5. RSI Analysis Current RSI: 71.94 The RSI is above 70, indicating an overbought condition. While this signals strong momentum, it may also suggest caution as a short-term pullback is possible. Previous Bearish Divergences: Marked in red, showing past instances where the RSI was high but price reversed. Bullish Confirmation: Marked in green, showing that RSI and price are aligned with the current uptrend. 6. What Does This Mean? The breakout above resistance indicates a potential shift in market sentiment, favoring buyers. The targets suggest significant upside potential, but the RSI warns of possible short-term profit booking. 7. Possible Outcomes Bullish Scenario: If the price holds above the resistance zone and sustains higher levels, it could move towards the 1st and 2nd targets. Bearish Scenario: If the price closes below ₹2,222 (stop loss), it may revisit the support zone around ₹2,000–₹2,100. 8. Suggested Actions Entry: On sustained breakout above ₹2,311 (current level). Stop Loss: Strictly at ₹2,222 to minimize losses. Profit Booking: Gradual booking at ₹2,490 and ₹2,678. Lupin has broken out of its resistance zone with strong momentum, signaling a potential uptrend. With solid fundamentals and technical confirmation, the stock looks poised for higher levels. Keep an eye on the targets and manage your risk with the defined stop-loss. Happy Trading! Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:LUPINLong
by TraderRahulPal
7
Near & Clean Breakout seen in Mankind Pharma Greetings to all. I trust that you are all well. Today, I would like to present a stock that has recently experienced a clear and significant breakout, and it is currently trading above the breakout levels. This stock possesses the potential to yield returns in the range of 15% to 19% in the near term, making it an excellent candidate for a positional trade. I have meticulously marked all relevant levels on the accompanying chart. This stock is characterized by its aggressive nature, indicating a high probability of achieving a 15% momentum in a very short timeframe. Disclaimer:- It is essential to conduct your own analysis or seek advice from a financial advisor prior to engaging in any trading activities. Dear traders, if you appreciate my contributions, kindly show your support by liking and following my work. I welcome your thoughts on this idea in the comments section and would be pleased to respond to each of you. Thank you.
NSE:MANKINDLong
by TraderRahulPal
2
Neat & Clean Rectangle Pattern Breakout seen in Top Cement StockHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought another stock which has given Near and Clean Rectangle pattern breakout. Stock name is UltraTech Cement and it is engaged in the manufacturing and sale of Cement and Cement related product primarily across globe. Okay guy's let's learn something very important about this pattern: Q:- What is Rectangle Pattern and How to Use Rectangle Chart Patterns to Trade Breakouts? Rahul:- A rectangle is a chart pattern formed when the price is bounded by parallel support and resistance levels. A rectangle exhibits a period of consolidation or indecision between buyers and sellers as they take turns throwing punches but neither has dominated. The price will “test” the support and resistance levels several times before eventually breaking out. From there, the price could trend in the direction of the breakout, whether it is to the upside or downside. we can clearly see Above in Ultratech chart that the pair was bounded by two key price levels which are parallel to one another. So, Traders, i hope you Guy's have learned today how to Trade Rectangle Pattern, but Mates We just have to wait until one of these levels breaks and go along for the ride! Remember , when you spot a rectangle: THINK OUTSIDE THE BOX! That's it. Market Leadership The company is the 3rd largest cement company in the world, excluding China. It is also the largest cement manufacturer in India with a 22% share of the grey cement capacity. Let's discuss some fundamentals - D/E is 0.17 - Interest Coverage ratio 10.73 is higher than last year's Interest Coverage Ratio 10.01 - D/E 0.17 has reduced as compared to last year's D/E 0.18 - ROCE is 15.42% - ROCE 15.42% has increased as compared to last year's ROCE 13.2% - ROE is 12.25% - ROE 15.42% has increased as compared to last year's ROE 13.2% - ROCE 15.42% is higher than 5 years ROCE average 14.02% - Operating Profit Margin (EBITDA Margin) is 18.29% - Operating Profit Margin (EBITDA Margin) 18.29% has improved as compared to last year's OPM 16.79% - NPM is 9.88% - Net Profit Margin (PAT Margin) 9.88% has improved as compared to last year's NPM 8.01% - Company has a negative Cash Conversion Days of -188.47 - Annual Sales has grown by 12.13% - Annual Profit has grown over by 38.33% - 3 Years Sales CAGR is 18.67% - Retail/Public have reduced their stakes by 0.32% in the latest quarter (14.4% to 14.08%) - Promoters + FIIs + DIIs hold 92.01% in the company Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:ULTRACEMCOLong
by TraderRahulPal
India Glycol : Breakout Stock#Indiaglyco #breakoustock #momentumpick India Glycol : Swing Trade >> Trending Setup >> Breakout & Retest done >> Good Strength & Volumes >> Decent Valuation stock Swing Traders can lock profit at 10% and keep trailing Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:INDIAGLYCOLong
by moneyfesttrading
MRPL (Multiyear Breakout Setup)Mangalore Refinery and Petrochemicals Limited (MRPL) is giving a multiyear breakout on the monthly chart (also weekly). The possibility of upside is for 206, 260, and 290 levels. Also, continuously increasing volumes are seen on the monthly chart. The level of 148 can act as support. Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
NSE:MRPLLong
by onkarsoundankar
6
Sigachi Industries (IPO Base Breakout)Sigachi Industries is giving IPO base breakouts on the weekly and monthly charts. Closing above 63.40 every week can open gates for 77, 93, and 107 levels. Also, a rounding bottom structure has formed on the weekly and monthly charts. Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
NSE:SIGACHILong
by onkarsoundankar