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Breakouttrading

Ashapurmin- Breakout from a resistance. Ashapurmin- Not falling much in this weak market. Broke out of previous resistance. No resistance to the left. Good RSI Buy a small qty at CMP. Wait for a Weekly close above 485 to add more. Wait for a retest and reversal of 485 to add the rest. ⚠️Risky- since we are trading against the overall Market Trend. Beginners do not attempt the trade. Risk management and position sizing is key. Trade very Light. High probability of the trade going against us. ❗️Disclaimer: This is for educational purposes only. Consult your financial advisor before making any investment decisions.
NSE:ASHAPURMINLong
by sagartharayil
Univastu- Broke out of an Ascending Channel.Stock Analysis: UNIVASTU INDIA LTD Trend: The stock is currently in an uptrend. Breakout: It has successfully broken out of an ascending channel. Pattern: Forming a Volatility Contraction Pattern (VCP). Volume: The breakout is accompanied by high volume and a wide-range bullish candle. Entry Point Trigger: Above ₹302. Confirmation: Wait for a daily close above this level before entering. Stop Loss SL: ₹262 (Deep SL). Current Market Price (CMP) ₹312.45 (Almost at the upper circuit). Buy only test quantities to observe performance. Avoid large trades due to current weakness in the broader market. Focus on buying stocks with strong structures in small quantities to build a test portfolio. This approach will help gauge the overall market trend and prepare for potential reversals. Note When the broader market bottoms out and reverses, structurally strong stocks like this one have the potential for significant upside moves. Exercise caution and patience in the current market environment. .
NSE:UNIVASTULong
by sagartharayil
Double Bottom Alert: NIFTY 50’s Turning Point? The NIFTY 50 is approaching a crucial technical zone, hinting at a potential reversal with a double bottom formation in play. Will the bulls seize this opportunity to rally, or will the bears maintain their grip? Key Points: 1. Resistance Zones: - 23,758.05 - 23,647.05 - 23,570.60 - 23,458.50 2. Support Levels: - 23,268.75 - 23,153.60 - 23,037.15 3. Current Setup: The NIFTY 50 is hovering near a critical double bottom area, a historically strong reversal pattern if validated. The price action suggests a cautious optimism, with significant resistance levels overhead. A breach of these levels could signal a breakout, while a failure to hold support may lead to further downside. How to Trade This: - Bullish Strategy: Enter long above 23,458.50, targeting 23,647.05 and 23,758.05. Use 23,268.75 as a stop-loss. - Bearish Strategy: Enter short below 23,153.60, aiming for 23,037.15 and 22,900. Place a stop-loss above 23,268.75. Bottom Line: The double bottom pattern indicates a potential turning point for NIFTY 50. However, confirmation of a breakout above resistance is key for bullish momentum. Watch the support zone closely for invalidation signals. NSE:NIFTY Only for educational purposes. This content is not a recommendation to buy and sell. Not SEBI REGISTRAR.
NSE:NIFTY
by thetradeforecast
Anant Raj Ltd- Broke out of consolidation.📊 Stock: Anant Raj Ltd. 📅 Timeframe: Daily Chart 🚀 Breakout Alert! Key Observations: Breakout Zone: The price has recently broken out of a consolidation range (highlighted in the green box). The breakout appears clean with a strong bullish candle, indicating upward momentum. Entry Point: The suggested entry level is marked at ₹874.90 (highlighted with a dashed purple line above the breakout zone). The stock currently trades near this level, suggesting the breakout is still actionable. Stop-Loss (SL): The stop-loss level is set at ₹693.25 (on a closing basis), below the consolidation range, providing a safety margin if the breakout fails. SL is Deep so position sizing is key. Trend Indicators: The 50-day moving average (green line) and the 200-day moving average (yellow line) are sloping upward, signalling a strong bullish trend. Price remains significantly above both these levels, affirming bullish dominance. Volume Analysis: A visible spike in volume during the breakout suggests strong participation from market participants, adding reliability to the upward move. Target Levels: Though not explicitly marked, potential target levels could be extrapolated using Fibonacci extensions or prior resistance levels. The upward purple dashed lines may indicate rough target zones. Analysis: Risk-Reward Ratio: Assuming a target at ₹950 or above, the risk-reward ratio appears favourable considering the SL is at ₹693.25. Bullish Sentiment: The clean breakout with high volume is a strong bullish signal. The consolidation before the breakout adds strength to the move, as it represents accumulation. Strategy Recommendation: Entry: Enter above ₹874.90 if today's close sustains above this level. Stop-Loss: ₹693.25 (strictly on a closing basis). Targets: Short-term: ₹950 Medium-term: ₹1,000 or more, depending on broader market conditions. Monitor volume closely! -A continuation of rising volume will add confidence to this breakout. -Price pulling back with huge volume is a cause for concern. And remember the market is bearish. So please position size and manage risk properly. Do not scale everything in one go. It is better to trade light. If you are new to the market it is better to sit in the sidelines and watch until we get a clarity.
NSE:ANANTRAJLong
by sagartharayil
4
Stock Analysis: #ASHAPURMIN – A Comeback to Breakout LevelsHello, Traders! 👋 After falling nearly 60% from its previous high, #ASHAPURMIN is back at its breakout level. Here's what stands out: 📈 Technical Overview: 🔹 My ILTF indicator signaled an entry back in November amidst strong volume candles, and the stock has risen 34% since then. 🔹 Currently at a potential breakout zone, making it an interesting setup for breakout traders. 💡 My Position: I’m not holding any position in this stock. Sharing this for learning purposes only. ⚠️ Disclaimer: 🔹 I am not a SEBI-registered advisor. 🔹 This analysis reflects my personal views and is not a recommendation to buy or sell. 🔹 Please do your own research or consult a professional before making any trading decisions. What’s your view on #ASHAPURMIN? Could this be the next breakout trade? 🚀 #TradingView #StockAnalysis #BreakoutTrading #MomentumStocks #ASHAPURMIN
NSE:ASHAPURMINLong
by Inwardlocus
Morepen Lab Near Key Support – Big Move Ahead?Morepen Laboratories (NSE: MOREPENLAB) - A Critical Technical Setup In-Depth Chart Analysis 1. Descending Trendline Resistance: • The stock is moving within a descending triangle pattern, with a clear downward trendline acting as resistance since the peak around ₹120. • Currently, the stock is approaching this trendline near ₹80. A breakout above this level, supported by strong volume, could trigger bullish momentum. 2. Key Moving Averages: • 200-Day EMA (Exponential Moving Average): The 200-day EMA is positioned at ₹69.66, which serves as a critical long-term support. The stock has tested this level multiple times, indicating its importance. • The price is hovering slightly above the EMA, suggesting the stock is at a decisive point for trend confirmation. 3. Support Levels: • ₹69.66: Immediate support lies here, aligning with the 200-day EMA. If this level holds, the stock could see a bounce toward higher resistance levels. • ₹65.00 and ₹55.00: If the stock fails to hold ₹69.66, it could slide to ₹65.00, a psychological support, and then to ₹55.00, which marks a previous consolidation zone. 4. Resistance Levels: • ₹80.00: The descending trendline converges with this resistance. A breakout above ₹80.00 could open the path to ₹95.00. • ₹95.00: A crucial horizontal resistance zone. Beyond this, ₹115.00 could be the next major target. 5. Volume Profile: • Recent volume spikes near support levels suggest accumulation by long-term investors. • Watch for increasing volume during any breakout above ₹80.00, which would confirm strong buying interest. 6. Bollinger Bands: • The price is trading near the lower Bollinger Band, indicating oversold conditions. • A rebound toward the middle or upper band could align with a breakout above the ₹80.00 resistance. 7. RSI (Relative Strength Index): • The RSI is nearing the oversold zone, typically a precursor to a potential reversal. 8. Symmetrical Triangle Formation: • The stock’s current price action within a triangle pattern indicates consolidation. A breakout above the upper trendline or a breakdown below the lower support will dictate the next directional move. Possible Scenarios: Bullish Scenario: • A breakout above ₹80.00 with high volume can propel the stock to test ₹95.00 in the short term. • Sustaining above ₹95.00 could lead to a rally toward ₹115.00, marking a significant reversal of the bearish trend. Bearish Scenario: • A breakdown below ₹69.66 would indicate the continuation of the descending triangle, leading to lower levels like ₹65.00 and ₹55.00. • Increased selling pressure or market weakness could exacerbate the downside. About Morepen Laboratories Company Overview: Morepen Laboratories is a pharmaceutical and healthcare company specializing in Active Pharmaceutical Ingredients (APIs), formulations, and diagnostics. With a strong domestic presence and growing exports, the company’s key products include Loratadine (an anti-allergic API) and well-known OTC brands like Burnol and Dr. Morepen. Financial Highlights: • Revenue: The company has demonstrated consistent revenue growth, driven by exports and rising healthcare demand in India. • Margins: Operating margins are moderate, with scope for improvement as exports scale up. • Debt Levels: A low debt-to-equity ratio reflects strong financial stability. • Cash Flow: Positive operating cash flow highlights effective financial management. Growth Drivers: 1. Increasing demand for APIs globally, especially in regulated markets. 2. Expansion into diagnostics and OTC segments, with a focus on high-margin products. 3. Government incentives under the “Make in India” initiative for the pharmaceutical sector. 4. Investment in R&D to create niche formulations and increase market penetration. Conclusion: The stock is at a pivotal technical and fundamental point. A decisive breakout above ₹80.00 could signal the start of a bullish trend, while a breakdown below ₹69.66 might lead to further downside. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and consult a certified financial advisor before making investment decisions.
NSE:MOREPENLAB
by Veersoni108
Deccan ready for another leg of upmove?-Trading right below a resistance. -Volume spikes with price movement -Close to previous ATH -After a brief upmove stock pulled back and now trying to break a resistance. Entry: 769 T1-849 Positional Target: 1056 Safe traders wait for a close above 850( ATH) for entry. SL 666 Closing basis. The market is weak and breakouts are susceptible to failure. So please do your analysis before entering. Risk Management is imperative, please do not forget this. Conservative Traders Wait for the Nifty 500 to close above 24900 to initiate a new trade.
NSE:DECCANCELong
by sagartharayil
Stock Analysis: #LLOYDSENTHello, Traders! 👋 Let’s dive into #LLOYDSENT, a stock I personally hold and continue to monitor closely. Here’s what I see: 📈 Technical Overview: 🔹 The stock is trading near key levels that I’ve marked on the chart. 💡 Current Position: As a holder, my view might be biased, but I believe these levels could define the stock’s next major move. Watching closely for confirmation before making any adjustments. ⚠️ Disclaimer: 🔹 I am not a SEBI-registered advisor. 🔹 This analysis reflects my personal views and is not a recommendation to buy or sell. 🔹 Shared for learning purposes only—please do your own research or consult a professional. Let me know if you’re tracking #LLOYDSENT or have thoughts on its movement! 🚀 #TradingView #StockAnalysis #LLOYDSENT #KeyLevels
NSE:LLOYDSENTLong
by Inwardlocus
ESTER. VCP Pattern, Wait for a breakout.Key Levels: Entry Level: ₹178.72 (Breakout level above the resistance). Stop Loss (SL): ₹147.80 (Below the consolidation zone's support, ensuring risk management). Target 1: ₹215 Target 2: 243 Strategy: Entry Confirmation: Wait for a daily close above ₹178.72 with strong volume to confirm the breakout. Risk-Reward Ratio: Favorable, as the potential upside to ₹215 outweighs the downside risk to ₹147.80. Volume: Increasing volume during the breakout will strengthen the bullish signal.
NSE:ESTERLong
by sagartharayil
Coromandel International - Breakout Setup, Move is ON...#COROMANDEL trading above Resistance of 1938 Next Resistance is at 2310 Support is at 1545 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:COROMANDELLong
by MandeepSinghKohli
Blue Star Ltd - Breakout Setup, Move is ON...#BLUESTARCO trading above Resistance of 2154 Next Resistance is at 2798 Support is at 1782 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BLUESTARCOLong
by MandeepSinghKohli
PB Fintech Ltd - Breakout Setup, Move is ON...#POLICYBZR trading above Resistance of 2158 Next Resistance is at 3272 Support is at 1470 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:POLICYBZRLong
by MandeepSinghKohli
Firstsource Solutions Limited - Breakout Setup, Move is ON...#FSL trading above Resistance of 380 Next Resistance is at 603 Support is at 242 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:FSLLong
by MandeepSinghKohli