Natco Pharma: Sustained Breakout or Pullback Retest?Analysis:
The chart of Natco Pharma Ltd. on TradingView depicts an intriguing post-breakout scenario, presenting both potential long entry and cautious approaches for traders. Let's dissect the situation:
Current Price : ₹1026.50, well above the multi-year resistance level of ₹921.10 marked by the orange line.
Breakout Confirmation: The recent surge past the resistance zone, accompanied by strong volume, confirms a potential trend reversal from resistance to support.
Uptrend Momentum: The sustained price increase after the breakout indicates continued buying pressure, suggesting further upside potential.
However, a crucial question arises:
Has the breakout momentum exhausted, or is a pullback retest imminent?
Aggressive:
Option 1 (Immediate Long): Enter long if the price closes and sustains above the current level (₹1026.50) with persistent buying volume. This aggressive approach assumes the uptrend will continue.
Option 2 (Breakout Confirmation): Enter long only if the price retests and decisively breaks above the breakout level (₹921.10) with renewed buying volume. This option waits for confirmation before committing.
Conservative:
Wait for Pullback: Wait for a potential pullback towards the breakout level (₹921.10) or within the previous consolidation zone (₹850-₹920).
Enter long only if the price finds support at the pullback zone and exhibits bullish reversal signs (e.g., hammer candlestick pattern). This approach prioritizes minimizing risk by waiting for confirmation.
Additional Considerations:
The stock market is inherently volatile, and even confirmed breakouts can experience pullbacks.
Conduct thorough fundamental research to assess Natco Pharma's financial health, industry outlook, and future prospects before making investment decisions.
Implement prudent risk management through stop-loss orders and appropriate position sizing.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Breakoutstocks
NMDC MULTIYEAR BREAKOUTNMDC gave breakout from upflag on 25th JAN, however the volumes were not so convincing and there was a previous support near 227 price level, on 2 FEB it gave breakout from that level with convincing volumes.
EMA 5>13>26
It's a buy call since 5th of FEB,
Target 325
SL 217
CMP 244
Only for educational purposes. Do not trade!!
LATENTVIEW : Breakout Stock#LATENTVIEW #breakoutstock #patterntrading #swingtrade #roundingbottom
LATENTVIEW : Weekly (1-3 months)
>> Breakout Stock
>> Rounding Bottom formation
>> Good Strength & Decent Volumes
>> Risk Reward Favorable
Swing Traders can lock 10% profit & 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.
PFC : Breakout Candidate#pfc #breakoutstocks #VCPpattern #Flagpattern #Lowriskhighreward
PFC : Weekly (1-3 Months) Holding Period
>> Breakout Soon for New Rally
>> Flag Structure
>> VCP Pattern
>> Highly Trending Setup
>> Good Strength & Decent Volume
>> Low Risk High Reward Trade
Swing Traders can lock profit at 10% and Keep Trailing for more
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Long Setup in Choice InternationalAn On Neck Chart Pattern Breakout happened on the Weekly Time frame of NSE:CHOICEIN
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover
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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.
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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.
SARLAPOLY : Breakout Stock#breakoutstock #SARLAPOLY #patterntrading #inverseheadandshoulder
SARLAPOLY : Weekly (1-3 Months)
>> Breakout Stock
>> Trending Setup
>> Inverse H&S pattern
>> Good Strength & Volume buildup
>> Low Risk, High Reward
Swing Traders can lock 10% profit & keep trailing
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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.
BREAKOUT IN DLINK📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
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📌TRADE ANALYSIS OF DLINK :-
•Breakout of symetrical pattern on dTF with strong candle
•Break counter trend line and
•Volume increases last few days high
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
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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
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PALREDTEC : Holding Period 1-3 Months
>> Breakout Candidate
>> Beautiful VCP pattern
>> Volumes Building up
>> Good Strength in stock
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & 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.
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Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF Shakti pumps :-
•Breakout of VCP pattern on DTF
•Break counter trend line
•Volume Build-up Near breakout zone
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
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Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
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•Breakout of symetrical pattern on DTF
•Break counter trend line and hidden lines
•Volume increases last few Day's high
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
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Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF CYIENT LTD :-
•Breakout of symetrical pattern on DTF with strong candle
•Break counter trend line
•Volume Can Increased
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips