Brigade Looking Good.NSE:BRIGADE is looking good to break key levels on the upside and continue its uptrend as per Weekly TF. Keep in Radar.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Brigadeenterprises
Brigade Ent cmp 1378.75 by Daily Chart view*Brigade Ent cmp 1378.75 by Daily Chart view*
- Stock Price is sustained well above EMA 21-50-100-200
- Volumes surged heavily today by demand based buying
- Daily Support at 1301 > 1215 > 1135 with Resistance only at ATH 1453.10
- *Stock formed repeat Bullish Double Rounding Bottoms entangled with same bottom levels*
Short Term Swing Trading idea in Brigade Enterprise 15% UpsideHi,
NSE:BRIGADE has given a Bullish Inverted Head & Shoulder Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Breakout in Brigade Enterprises...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
Potential Breakout in Brigade !!!!Brigade is giving consolidation breakout of more than 4 months above 505 on weekly basis,
after a strong uptrend and now it seems that it can resume its uptrend again.
RSI is also showing strength and breaching above a bullish signal.
Though, MACD is not showing signal but it's likely to show positive histogram in next week,
but if you are conservative trader you can wait till then.
Triangle Breakout In BrigadeLooking at the daily timeframe for Brigade Enterprises, we can clearly see a triangle breakout after 4 months of consolidation. Currently it has broken the upper trend line of the triangle. If we see, the breakout candle was a bearish doji candle but the next 2 candles have confirmed the breakout. The current closing is at Rs 517 which can be considered for buying. It is also near it's all time high. We might be seeing a price discovery from the next few candles. A very high probability of 5% to 10% push in price is possible.
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Brigade - Super Buliish !!Stock has broken previous swing high (acting as resistance) and also the rising wedge formation with high volumes.
Looks good to break ATH of 327 in coming sessions
SWING - Target 340, 350 SL 299
Intraday - 327 above 321
P.S. Can accumulate at lower levels as well if stock comes down to 305 levels for pullback before again moving up