IFBIND - Beautiful weekly breakout IFBIND - Weekly breakout with huge volumes after 3 years! Great price action with good upside potential. Waiting for a good dip to buy would give a nice 1:2 Risk reward.
Bullishpattern
JHSJHS:- Stock has given breakout after 5 years, volumes are also good
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Paras Defence making inverted Head & Shoulder patternAs you can see from the chart provided, an inverted H/S pattern is currntly emerging on this share, as soon as it breaks the necklin(i.e. - 800-805 level) it will start a journy towards it,s all time High.
A good point for
entry - 805
Target - ALL time high (1250) or 1:3 RR (1180).
SL - 680 ( just below support @Daily TF)
N.B. - This is for education & informational only, Do your own research before investing.
Mtnl Flag and Pole pattern breakoutMtnl Flag and Pole pattern breakout can look for
positional above 32.35 for tp of 39-40
risk reward ration will be 1.34
JUBLFOOD - Is the channel brokenJUBLFOOD -1D timeframe: It seems like the channel is broken down, however, there is a 200 DMA which could act as a support.
Shorting Opportunity: If 200 DMA is taken away in Daily timeframe
Long Opportunity: If the stock comes back into the channel
NFLNFL:- The stock has given a breakout after 11 years. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
PAKKA / PAKKA LIMITED - All Time high - BreakoutPAKKA
1) Time Frame - Weekly.
2) Stock has given a breakout with huge volume & strong bullish candle close in weekly.
3) The next target would be around the price (460 - 19%) from the current price 385.45.
4) Recommendation - Strong Buy
SHANKARA - Next swing is here SHANKARA - Is in the bottom of the channel in the weekly timeframe. The stock has been trading in the channel for 4+ years and takes support at the bottom of the channel. It is back to the bottom of the channel and has been in the accumulation phase for the past 15 weeks.
The risk-reward is looking very handsome and the company has stable fundamentals.
CMP: 744.40
Stoploss: 663
Target: 930
MANAKSKIA STEELS LTD - Triangle Pattern & Previous ATH BreakoutMANAKSTEEL
1) Time Frame - Weekly.
2) Previous Life Time High was 64. It has been consolidating in a triangle pattern since 2022 & given a breakout in weekly time frame currently.
3) It's a Triangle pattern & All Time High breakout with strong bullish candle & Good volume.
4) Stock will find its next resistance around the price 80 (17%).
5) Recommendation - Strong Buy
A stock for momentum traders!Quickheal has given a trendline breakout today with very heavy volumes.
Stock has also managed to close above 61.8% fib retracement which clearly indicates a strong buy signal.
However, the SL for positional traders is very far below 230 DCB. A retracement is favourable for short term traders. Best buy level can be 250-255 for targets of 330+.
However, risky momentum traders can look for quick 5% returns at CMP. Stock might touch 295 levels in this momentum.
Idea shared for educational purposes!
Bullish H&S breakoutBreakout from sideways to continue previous uptrend:
1. Inverted H&S
2. Prior uptrend
3. More than average volume
Take Godrej Properties for major upsideTake entry at cmp 1870
Target : 2285
Next average at 1592
You can invest big amount in this counter.
Inverted Head and Shoulder Zeel Weekly chart PatternInverted Head and Shoulder pattern in weekly chart.
Mid Term Bullish.
Neckline 296.70 Breakout done, close of this week waiting.
Zeel
CMP 289.05
Target : 411
SL : 236.
Risk is yours and Reward is too yours totally.
This idea is for educational purpose only
RCF - Monthly breakout after 15 yearsRCF gave a monthly breakout in December 2023 after trading within the same range for 15 years. The company has decent fundamentals, with the Government of India owning a majority of 75%.
LAURUSLABS - Weekly breakout - Good Risk Reward Weekly breakout in LAURUSLABS after 3 years, good upside and a nice 1:1+ Risk reward.
Cherry on the cake: FIIs and DIIs increased their share in this stock in the last quarter
NIFTY50 Bullish Breakout: Adapting Strategies for Market SuccessTechnical Analysis:
Breakout Above 21750:
The market has successfully breached the 21750 resistance level.
This breakout signals a potential extension of the bullish trend.
New Trading Levels:
With the breach of 21750, the market might establish new support and resistance levels.
Traders should identify these levels for better precision in their entries and exits.
Updated Momentum:
The breakout above 21750 enhances the bullish momentum.
Confirmatory indicators such as moving averages or other technical tools should be re-
evaluated to align with the current market conditions.
Risk Management:
Adapt to New Levels:
With the breakout, reassess and adapt your risk management strategies to the new trading
levels.
Consider setting revised stop-loss orders based on the updated support levels.
Volatility Awareness:
Breakouts can sometimes lead to increased volatility.
Factor in potential price swings and adjust position sizes or leverage accordingly.
Continuous Monitoring:
Stay vigilant and monitor price action closely.
Be prepared to adjust risk management strategies based on evolving market dynamics.
AUBANK - Watchout for weekly breakoutAUBANK - Add to your watchlist and watch out for a weekly breakout from a channel that has been around for the last 3 years.
GUJGASLTD - Weekly breakoutGUJGASLTD - Weekly breakout with nice price action and clean triangle breakout - Decent fundamentals and a good swing trading opportunity with a upside of 30+ %
12 Jan ’24 — Traders are cold-blooded, Bias changed to Bullish🐂Nifty Analysis - Stance Bullish ⬆️
Recap from yesterday “Nifty looks perfectly neutral from here, the moment the support of 21491 gives away — we can start looking for bearish opportunities. To go bullish the ATH has to be taken out. With the IT majors TCS and INFY declaring the results — we should have a strong swing direction tomorrow.”
4mts chart link
Major highlights today
Gap-up of 120pts ~ 0..56%
NiftyIT gains 5.14%
Nifty50 takes out the ATH, new value = 21928
Nifty goes from neutral to bullish
Today’s stop came right at the ascending channel top-line
Never seen NiftyIT so stubborn to go up, a gain of 5.14% far exceeds expectations, and that too when the IT majors are at their all-time highs. What we still do not understand is the reason for outperformance when the results were average. Anyway, this was the major reason Nifty50 broke out from the neutral zone to the bullish zone.
63mts chart link
Today’s price action was along the top trend line of the ascending channel, and careful enough not to break it. There is no shame in saying traders are cold-blooded. We cannot stick with our bias, direction, or opinions and expect the market to behave as per our analysis. If the markets have turned, we need to adapt. Till yesterday, we were looking for neutral trades with a possibility of going down. See how the tables have turned today. For Monday - we need to look out for bullish opportunities now.
APLAPOLLO - Weekly breakout - Great price actionA channel breakout on a weekly time frame with great price action in APLAPOLLO. There is an immediate upside of 15% (first target)... The company has good fundamentals and the risk-reward in this swing trade is very good!
RELIANCEWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
SYNGENE - Weekly breakout retest successful SYNGENE - Beautiful price action in the weekly timeframe. Nice upside potential of 15%
Good opportunity to enter now. Decent fundamentals.
