Godfrey Phillips India - Breakout Setup, Move is ON...#GODFRYPHLP trading above Resistance of 3317
Next Resistance is at 4339
Support is at 2294
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.
Breakouttrading
Himadri Speciality Chemical Ltd - Long Setup, Move is ON...#HSCL trading above Resistance of 301
Next Resistance is at 471
Support is at 160
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.
Rossari Biotech-A reversal in yet another chemical sector stock?Rossari Biotech has given a breakout of horizontal resistance of around 890-900 is sustaining above it.
Stock is looking attractive for good reversal and might reach its ATH in medium term if broader markets are supportive. However, there is an immediate resistance near 1000 as well.
As we have seen this week, there are lot of global tensions leading to high market volatility.
Focus on managing your risk and saving your capital.
Cera is on a bull run, chart indicates further rise in price!Weekly Chart
The stock has been experiencing a strong upward trend, consistently pushing its highs and lows to new heights.
We've noticed that the bullish pole and flag pattern appeared twice in a row, indicated a solid presence of buyers in this stock.
Recently, a breakout occurred on the weekly chart with high trading volume, suggesting that the price is set to rise again.
Daily Chart
Following a notable rejection around the 9,600 mark, the stock experienced a considerable correction.
The formation of a Double Bottom pattern signaled a reversal in the downtrend, leading to a robust upward movement.
This impressive rally brought the price back to its former resistance level, but it struggled to break through, leading to a period of consolidation just beneath that threshold.
In an unexpected turn, the stock gapped up and successfully surpassed its immediate resistance, maintaining its position above this critical level.
With trading volume on the rise, there is a promising outlook for a significant upward surge in the stock price.
Inverted Head and Shoulders Bullish Pattern - "Gokaldas Exports"
✅ Small cap stock
✅ Above 20 moving average (blue line)
✅ Near Breakout Point
✅ Bullish Pattern (Inverted Head and Shoulders)
✅ High ADR
✅ Good Liquidity
⚠️ Earnings Release Date soon (6th August)
Note - Volumes on 11th July were extremely high 4.6M compared to ~300K average daily volume.
Symbol - NSE:GOKEX
Disclaimer - Sharing this for my own research and study. I am not SEBI certified.
CUMMINS INDIA - Swing Trade Analysis - 7th August #stocksCUMMINS INDIA (1D TF) - Swing Trade Analysis given on 7th August, 2024
Pattern: SYMMETRICAL TRIANGLE SETUP
- Strong Pullback candle from Support Trendline - Done ✓
- Weekly Volume buildup near Resistance Trendline - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
Please Note:
- This is an early entry to give for a better RR
- Resistance Trendline Breakout - In Progress
* Disclaimer
AURUM PROPTECH - Swing Trade Analysis - 3rd August #stocksAURUM PROPTECH (1W TF) - Swing Trade Analysis given on 3rd August, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Weekly Resistance Zone Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
IOC LONG (167-170), AT UPTREND SUPPORT LINE AND READY TO BLOWTechnical Analysis of Indian Oil Corporation (IOC) - Daily Chart
Note: I bought at 168 and find next major support at 155.
1. Support Zone: The stock has consistently found support around the 160-165 range, as indicated by the green arrows. This shows strong buying interest in this zone, preventing the price from falling further.
2. Volume Spikes: Noticeable volume spikes occurred when the price moved upwards, highlighted by the green arrows. This is a bullish indicator, suggesting increased buying activity and investor confidence.
3. Uptrend Support Line: The stock has been respecting an uptrend support line (blue), which indicates a gradual increase in price and a bullish trend.
4. Resistance Zone 1 (Purple): The stock faced resistance around the 180-185 range multiple times (red arrows). Although there were attempts to break out of this zone, they failed, indicating this area as a significant resistance level.
5. Resistance Zone 2 (Green): The next resistance level is around the 195-200 range. Breaking through this zone would signal further bullish momentum.
6. Short-term Target: The short-term target for the stock is around 189, which is just above Resistance Zone 1. If the stock breaks this level, it could see further upward movement.
7. Long-term Target: The long-term target is set at 225, indicating potential for substantial gains if the bullish momentum continues.
Conclusion
The technical indicators suggest a bullish outlook for Indian Oil Corporation, with strong support levels, volume spikes on upward movements, and potential breakout targets.
Disclaimer: I am not SEBI certified, and this is not financial advice. Always conduct your own research before making any investment decisions.
Amazing breakout on Weekly / Daily Timeframe - CAPLIPOINTCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Amazing breakout on Weekly / Daily Timeframe - NAUKRICheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
PS: People who missed my first BO level, can re-consider this BO level when a proper candle close is seen in Daily TF.
Potential upmove | CANFINHOMECheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
Retracement is done, hence its a great time to accumulate!!!!
Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run.
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
Black Box Ltd - Breakout Setup, Move is ON...#BBOX trading above Resistance of 514
Next Resistance is at 779
Support is at 293
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.
Zen Technologies Limited - Breakout Setup, Move is ON...#ZENTEC trading above Resistance of 1663
Next Resistance is at 2143
Support is at 1263
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.
GHCL : Descending Triangle Pattern Breakout with huge volumesGHCL breaking out from a triangle pattern breakout in a weekly timeframe with a decent buying volumes. It can rise upto the initial triangle pattern target 🎯 of 900.
🔰 I've indicated two scenarios of the stock to reach its target 🎯.
🟢 Range : 620-630
🎯 Target : 700 / 800 / 900
🛑 Stop : below 500 (wcb)
⚠️ Disclaimer : it's not a buy/sell advice, it's only a view on the stock for the educational purposes.
RUSHIL DECOR - Swing Trade Analysis - 3rd August #stocksRUSHIL DECOR (1W TF) - Swing Trade Analysis given on 3rd August, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Weekly Resistance Trendline Breakout & Retest - Done ✓
- Strong Pullback candle after retest - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
Please Note:
- There is a stock split expected on the 9th of August
- Only working on the momentum for this trade
* Disclaimer
Sms Pharmaceuticals Limited - Breakout Setup, Move is ON...#SMSPHARMA trading above Resistance of 299
Next Resistance is at 404
Support is at 194
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.
Mindteck (india) Limited - Breakout Setup, Move is ON...#MINDTECK trading above Resistance of 428
Next Resistance is at 550
Support is at 319
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.
Epigral Ltd - Breakout Setup, Move is ON...#EPIGRAL trading above Resistance of 1736
Next Resistance is at 2545
Support is at 1235
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.
TCPL Packaging Ltd - Breakout Setup, Move is ON...#TCPLPACK trading above Resistance of 2747
Next Resistance is at 3613
Support is at 2365
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.