BBTC: Keep an eye on this multiyear breakout stock(1) The price at the 2050 level was strongly rejected in the past, leading to an 63% decrease.
(2) Eventually, the price found support near 690 and began to rise.
(3) However, it was rejected again near 1570 and fell.
(4) The price surged after a notable increase, breaking through its trendline resistance and carrying on with its upward momentum.
(5) At long last, after nearly half a decade, the price managed to shatter its resistance barrier and hold its ground above it.
Breakoutstocks
Glrnmark Pharma's upward trend is notable. Can it be maintained?(1) Before, the price was strongly rejected around the 1250 level.
(2) Then, the price dropped by about 85%.
(3) Later on, the price found support near the 165 level and began to rise.
(4) However, the price was rejected again around the 690 level and dropped.
(5) After a significant increase, the price finally broke the neckline of the Double Bottom pattern and continued to rise.
(6) Finally, after nearly 9 years, the price successfully broke through its resistance zone and maintained its position above it.
BAJAJHIND - Possible 12-Year Breakout?Bajajhind (Bajaj Hindusthan Sugar Ltd) closed yesterday at 36.25, bringing it close to the critical level of 39. A monthly close above 39 could potentially push the stock to 50 or even 58 levels. This stock attempted to break past 39 in February 2024 but failed to close above it. Since then, it has been trading within the range of 26.80 - 40.50.
Keep an eye on volumes and the monthly close for confirmation of this breakout. While technical indicators look promising, always conduct your own research and consider fundamental factors before making any investment decisions.
BREAKOUT IN ADANIENSOL 📌SWING TRADE FOR NEXT WEEK🚀
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📌TRADE ANALYSIS OF -ADANIENSOL-
• 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
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📌Disclaimer:-
This all charts analysis are only for educational purposes only
I do not provide any CALL or Tips
Wedge Breakout of 7 Month long Consolidation in Jubiliant IngravHi,
NSE:JUBLINGREA has given a clear Bullish breakout of 7 months long consolidation on weekly charts with very good volume. MACD is also on the bullish side on daily and weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market senario I am expecting that the bullish momentum will continue.
Complete price projection mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.