Breakoutstocks
WEEKLY BIG BREAKOUT LOW RISK, 21TH AUGUST NSE:CASTROLIND
❇️A good low risk setup in daily time frame above 270 makes a perfect entry.
❇️SL below recent swing low.
❇️A very good weekly break out at weekly time frame.
❇️Expecting stock price to reach 300-330 in up coming days.
❇️ Volume looks good.
❇️Every entry must have a stoploss partnered with it.
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SHYAMMETL & RPSGVENT - Cup & Handle Breakout!!SHYAMMETL
Following an upward trend, the stock price encountered resistance around the 740 level, resulting in a correction that brought the price down to the 530 level, where it established support.
Subsequently, the price entered a consolidation phase before successfully breaking through its trendline resistance.
With a surge, the stock price climbed back to its previous resistance level but faced rejection once more.
After a period of consolidation just below this resistance level, the price ultimately broke out with significant volume support.
During this time, a cup & handle pattern emerged, and with this breakout, that pattern was also surpassed.
If the price can hold above this breakout point, we could witness another rally in the days ahead.
RPSGVENT
After a tough rejection around the 840 level, the price started to decline.
Once it successfully broke through the trendline resistance, the stock price jumped back to its earlier resistance level but was rejected again.
After a period of consolidation just beneath that resistance level, the price has finally made a breakthrough recently, supported by substantial volume.
A cup and handle pattern formed during this period, and with the breakout, that pattern was also exceeded.
If the price remains above this breakout level, there could be more upward movement.
Kokuyo camlin : Breakout Stock#kokuyocmln #breakoutstock #tws #fvg #patterntrading #chartpattern #inverseheadandshoulder
Kokuyo Camlin : Swing Trade / Short term(1-3 Months)
>> Breakout Stock
>> TWS Visible
>> Stock Bouncing from FVG Area
>> Good Strength & Volumes might Pickup soon
>> Low Risk High Reward Trade
Swing Traders can lock profit at 10% and keep trailing.
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Potential Bullish Breakout in SAPPHIRE | Long 1550-1600Key Points:
Pattern Observed : Cup and Handle Formation with Ascending Triangle
Failed Retest : Cup & Handle Retest Failed, indicating strong resistance
Support Level : Ascending Triangle suggests strong support around 1550-1600
Entry Zone : My entry price is between 1550 to 1600 INR
Target Price : Projected target price is 1866.80 INR
Volume Analysis : Increasing volume confirming bullish momentum
Indicators : RSI currently at 44.98, indicating potential for upward movement
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Disclaimer:
Not SEBI Certified : This analysis is for educational purposes only
DYOR : Do Your Own Research before making any investment decisions
Disclaimer : Trading involves risks, and past performance is not indicative of future results
Big Breakout Alert! Negative Momentum in GODREJPROP & ESCORTSGODREJPROP
The stock's price has been following an upward trend within a parallel channel.
Recently, the stock broke through the lower boundary of the channel with a powerful bearish candle.
With pessimistic market sentiment, it is anticipated that the stock price will continue to correct, presenting a chance to take a short position.
ESCORTS
Following the emergence of the bullish Pole & Flag pattern, the stock experienced a significant upward surge backed by robust momentum.
After reaching an all-time high close to the 4,400 level, the stock retraced and eventually formed a Double Top pattern signaling a potential bearish trend.
A recent breach of the pattern's neckline to the downside suggests further downside potential for the stock.
ICICIPRULI & DEEPAKNTR - Breakthrough of the Rounding Bottom ICICI PRUDENTIAL
The stock experienced an upward trend, forming an Ascending Broadening Wedge pattern that suggested a bearish outlook.
Following a breakdown, the stock price fell sharply and entered a consolidation phase.
During this period, the stock exhibited progressively smaller price fluctuations, establishing a series of consolidation bases, each one tighter than the last, formation of a Volatility Contraction Pattern.
After breaking through this phase, the price reached an all-time high and is now set to climb even further.
DEEPAK NITRITE
During the upward trend, the stock price established a Pole & Flag pattern, signaling a continuation of the trend.
However, following the breakout, the price underwent a significant consolidation phase, resulting in the formation of a Rounding Bottom pattern.
Recently, a breakout has taken place, indicating that the price is poised for an upward movement.
TATA POWER FOR 465+Tata Power Company Limited is an Indian electric utility and electricity generation company based in Mumbai, India. It proudly stands as part of the illustrious Tata Group. Tata Power boasts an impressive installed electricity generation capacity of 14,707 megawatts (MW).
In past few weeks stock has consolidated and now I m expecting a bullish rally in this stock. NSE:TATAPOWER
CMP : 446
SL : 424
T1: 464
T2 : 480 :
T3 : 495
Note : This is not stock recommendation this is only for educational purpose.
Breakout Stocks to Keep An Eye On - Nykaa & Balrampur ChiniNYKAA
The stock had been experiencing a significant consolidation period, during which it created an Ascending Triangle pattern.
Following a breakout, the price initially surged but encountered resistance around the 195 level, leading to a sharp pullback.
Subsequently, the stock price began to rise again but met resistance at the 187 level this time.
After a brief consolidation, it developed a Cup & Handle pattern.
Recently, a powerful breakout occurred, backed by substantial trading volume, indicating that the price is poised for a significant upward movement.
BALRAMPUR CHINI
The stock price experienced a significant pullback after it fell below the Rising Wedge pattern.
Following this, it entered a prolonged consolidation period, during which it developed an Inverted Head and Shoulders pattern.
After the breakout, the price initially soared but underwent a brief consolidation once more before breaking out again.
This movement also marks a breakout from the Rounding Bottom pattern, suggesting substantial upside potential for the stock.
BREAKOUT IN JINDAL SHOW 📌SWING TRADE FOR NEXT WEEK🚀
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📌TRADE ANALYSIS OF -JINDAL SHOW-
• Potential Breakout Chart
• VCP Pattern
• Short Range Consolidation
• Price Can Take Retest from support Line
• Overall The Price Is Moving In HH-HL Formation
• Volume Buildup Near BO Zone
• Looks Good For 10-20% Upside Levels After The Breakout
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all charts analysis are only for educational purposes only
I do not provide any CALL or Tips
BREAKOUT IN MUNJAL SHOW📌SWING TRADE FOR NEXT WEEK🚀
Hello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Start
📌TRADE ANALYSIS OF -MUNJAL SHOW-
• Potential Breakout Chart
• VCP Pattern
• Short Range Consolidation
• Price Can Take Retest from support Line
• Overall The Price Is Moving In HH-HL Formation
• Volume Buildup Near BO Zone
• Looks Good For 10-20% Upside Levels After The Breakout
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all charts analysis are only for educational purposes only
I do not provide any CALL or Tips
Momentum Trading Picks - Alembic Pharma & Quess Corp.Alembic Pharma
The stock encountered several rejections around the 1,130 level, leading to a significant correction in price.
Eventually, it found support near the 460 level and began to climb upwards.
During this upward movement, a Bullish Pole & Flag pattern emerged in the stock price chart, suggesting a potential continuation of the trend.
Following a breakout, the price trended upwards with a minor pullback before recently achieving a breakthrough with strong volume support.
Quess Corp
The price had been trending upwards within a parallel channel until it broke below, leading to a correction.
After that, the stock underwent a consolidation phase before gradually moving upwards.
A reversal in the downtrend was indicated by the formation of an Inverted Head & Shoulder pattern during this period.
The recent strong breakout suggests that the price is poised to continue its upward movement.
BREAKOUT IN UCO BANK📌SWING TRADE FOR NEXT WEEK🚀
Hello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Start
📌TRADE ANALYSIS OF -UCO BANK-
• Potential Breakout Chart
• VCP Pattern
• Short Range Consolidation
• Price Can Take Retest from support Line
• Overall The Price Is Moving In HH-HL Formation
• Volume Buildup Near BO Zone
• Looks Good For 10-20% Upside Levels After The Breakout
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all charts analysis are only for educational purposes only
I do not provide any CALL or Tips