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Breakouttrade

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 >>>>>
NSE:COLPAL
by sankhyainvestments
2
Triangle Breakout!!TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. AC line will act as resistance line. BD line will act as support line. when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP LOSS: If the breakout is upwards then support line will act as stop loss. If the breakout is downwards then resistance will act as stop loss. PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days. The accuracy of this strategy is 80%.
NSE:BIOCON
by manyilakhil
4
Triangle Breakout!!TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. AC line will act as resistance line. BD line will act as support line. when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP LOSS: If the breakout is upwards then support line will act as stop loss. If the breakout is downwards then resistance will act as stop loss. PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days. The accuracy of this strategy is 80%.
NSE:IRB
by manyilakhil
3
QuickHeal: Falling Wedge Pattern This is the Chart of Quick Heal on the daily scale, A falling Wedge pattern did appear and the Prices breaks out downward. Though Falling Wedges patterns are supposed to breakout upwards, but here it breaks out downward. This pattern forms over a period of approx 6 months. Break out came with a gap , hence signalling price may go down further. Support for the stock is at 210-209 levels. And if i look at harmonic pattern i could see a probability of Bat pattern ,suggesting a support zone near 211-210 levels Hence , one should keep an eye on these levels to determine the further price action in this stock
NSE:QUICKHEAL
by manuagarwal21