Chart Of the Week !! 28 March 2021 !! 12 Year Breakout !!* A 12 years long consolidation breakout with high volume in weekly chart .
* High volume activity witnessed at the time of breakout gives more confident for investment and always defined ur risk before taking trades .
Market Cap - ₹ 212 Cr.
Book Value - ₹ 21.6
Stock P/E - 12.5
Reserves cash Rs. Cr - 95.93
Debt / Eq - 0.28
Pledged % - Zero
Kindly let us know if you have any question .
Breakouttrade
Beginner's analysis.Hey traders,
Here's an analysis of ASIANPAINTS, the stock has given a breakout of the trendline.
We can expect some good upmoves, let's see, if it sustains.
Levels mentioned on chart,
Do your own analysis berfore taking the trade.
Guys, Keep supporting and guide me if there's any mistake or there to improve please comment.
RECLTD Ready for a BreakoutThis is not a recommendation, but just a personal point of view shared for purely educational purpose. Before taking any position in this stock please consult your financial advisor. I will not be liable for any losses incurred for any positions taken in the above stock.
The stock is ready for a breakout to touch 170 levels in the short-mid term.
BREAKOUT EXPECTATION, SWING TRADE, AIRTELThe stock bottomed out and started moving up for last 2 months. Now the 5G spectrum is coming up, it can move up and it is showing strength near resistance. Also there is a cup pattern present.
SL can be placed according to personal risk management.
NB: This is not a stock recommendation, just sharing my view.
WIPRO | RR 1:4 | Pre-Breakout=====================================================
⭕ Positional Trading Opportunity ! Daily Chart Alert !!! ⭕
--Buy above = 368 (Breakout)
--Stop-loss = 355
--Target's = 400 | 420
--R:R = 1:4
--Pattern's = Triangle Pattern | Flag Pattern
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Wait For Clear Entry
2) Watch Out For Volume After Pattern Breakout / At Breakout Candle
3) All IT Stock's & IT Index Is In Uptrend , Stock Is Trading Above 200DMA
4) Overall Stock looking Bullish...
📈(Risk Must Be Managed.)
🙄Keep Your Eyes On Index
======================================================
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----------Any Suggestions----------
RELIANCE INDUSTRIES | RR 1:2.5 | Triangle Pattern(Intraday / Swing / Positional) | RR 1:2.5+ | Type:- Pre - Breakout/Retest
Reasons To Trade🤔 :- Stock Is In Overall Uptrend, Above 200DMA, Market & Sector Leader, Ready To Break - Triangle Pattern .
Entry :- 2040 (After Breakout)
Stop Loss :- 1985
Target's :- 2175 | 2300
(Risk Must Be Managed.)
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--Any Suggestions--
COLPAL VIEW - CONTINUATION 🎯🎯🎯IN MY PREVIOUS SHARED IDEA
WE COULD CATCH THE MOVE FROM 1535 TILL 1560 WHICH WAS THE TARGET LEVEL GIVEN
FOR NOW IT HAS MOVED BEYOND TARGET LEVEL
CMP @ 1570 +++
WHAT NOW FROM HERE ???
PERSONAL VIEW:-
ON DAILY CHART, SCRIPT IS RUNNING @ TOP OF A TREND LINE
WHICH HAS BEEN TESTED MANY TIMES AND NOT BREACHED SINCE MAY'20
LOOKING @ THE CURRENT MOMENTUM THERE CAN BE A POSSIBILITY TO BREAK THE TREND LINE
AND GO FURTHER UP OR A DIP BACK TO OLD ENTRY LEVEL
POINTS TO BE CONSIDERED :-
>>> LOOKING @ MOVING AVG'S - SCRIPT IS FAR AWAY FROM 20, 50, 200 MA - BREAKOUT FAR AWAY HAS MORE STRENGTH
>>> VOLUME PART AS OF NOW HAS THOUGH NOT BEEN GREAT WHICH CUD HAD BEEN A GREAT FACTOR
>>> OSCILLATORS OVERALL ARE NEUTRAL
PIVOT LEVEL SUGGESTION :>
RESISTANCE 1 = 1570
RESISTANCE 2 = 1625
RESISTANCE 3 = 1745
PIVOT = 1522
SUPPORT 1 = 1460
SUPPORT 2 = 1410
SUPPORT 3 = 1300
TRADE SUGGESTION :-
* BUY ON BREAKOUT KEEPING ABOVE PIVOTS IN MIND
* WAIT FOR A DIP BACK TO 1520-1535 TO ENTER
***DISCLAIMER - FOR STUDY PURPOSE ONLY***
BELOW IS OLD IDEA POSE FOR REFERENCE >>>>>
MINDTREE(Swing / Positional Trade) | RR 1:2+ | Type:- Breakout & Retest
Reasons To Trade 🤔 :- Pattern Breakout, Taking Good Support At 50 DMA, Bullish Stock.
Entry :- 1360
Stop Loss :- 1322
Target :- 1450
(Risk Must Be Managed.)
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--Any Suggestions--
BANDHAN BANK(Swing / Positional Trade) | RR 1:3+ | Type:- Breakout
Reasons To Trade 🤔 :- Head & Shoulders Pattern , Bullish Banknifty , Above 200DMA , Global Market Bullish.
Entry :- 334 (Only Enter After Clear Breakout Or Opening Above Trendline).
Stop Loss :- 313
Targets :- 1st= 365 | 2nd= 395
(Risk Must Be Managed.)
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--Any Suggestions--
PIDILITE INDUSTRIES(Swing / Positional Trade) | RR 1:3+ | Type:- Breakout
Reasons To Trade🤔 :- Weekly Resistance + Triangle Breakout, Big Candle + Volume Confirmation, Stock In Weekly Uptrend + Above 200DMA.
Entry :- 1520 - 1530
Stop Loss :- 1472
Target :- 1669
(Risk Must Be Managed.)
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--Any Suggestions--
DR REDDYS LABS(Intraday / Swing Trade) | RR 1:2.8+ | Type:- Breakout
Reasons To Trade🤔 :- In Uptrend, Making Higher High's, Above 200DMA, Forming Continuation Pattern, Overall Sector is Bullish.
Entry :- 5200
Stop Loss :- 5100
Target :- 5480
(Risk Must Be Managed.)
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--Any Suggestions--
Hindustan Petrol: AnalysisKeep an eye on Hindustan Petrol. Expected momentum is in upward direction.
.
Reason to Buy:
1) Forming a triangle pattern
2) Taking support on weekly as well as daily trend line.
3) Formation of 'W-Pattern' (wait for neck line break)
.
Stop-loss must be below the previous immediate swing. RR ratio must be calculated and traded accordingly.