Stock was trading in a sideways channel, now it has given breakout with good volume.
In the short term, price is moving in an uptrend with support which is marked on the chart. Also, there was a triangle pattern breakout which has already reached its target.
If daily candle of 10th Aug manages to close above breakout candle high, we can expect a good up move...
Yesterday after the breakdown Banknifty took support around 37700 range but today that range is broken and reached channel target of 37250 level.
Today morning banknifty tested its previous high 38200, unable to sustain in that range, which confirmed double top. Then we can see the sell off, after it came near yesterday low 37700 couldn't sustain. So breakdown...
MOL | Breakout from the consolidation
CMP : 141 (Dip : 135)
SL : 125
Target : 165 (Based on Fib)
But usually this kind of breakouts are highly potential for trending moves.
PVR has successfully broken the all-time high price of 2086, with considerable volume. Prior to this, the stock was moving in a channel for almost 2 years. Now, this has been broken along with an all-time high. If the candle next to the breakout manages to close above 2170, we can expect a sharp upside move in the coming days.
About its fundamentals,
PVR...
LARSEN & TOUBRO has already given channel breakout in a daily timeframe on 7th July. Currently, it is forming a flag and pole pattern in 15mins time frame, which is a continuation pattern.
Enter trade if the price closes above 1675 with proper candle and volume. Because it was a strong resistance right now.
Possible targets are mentioned in the chart. For Less...
fundamentally strong stock
channel: trading inside channel. Probability for bullish is high
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
trendline is not broken yet,
if you are intrested in investmet, go for it with small risk,
more possibility is there to breakout.
The Strategy Aims To Generate Long-Term / Short-Term Positions When The Price Breaks Outside Of An Established Trading Channel. When The Price Breaks Out Of The Upper Or Lower Line, It Signals That A New Directional Move Has Started – Up Or Down.
Buy ~ 3165, Stop ~ 3050, Target ~ 3350, 3400
DABUR INDIA LTD seems to have closed well last week. It tries to break the current channel. Watch for channel breakout confirmation. If the daily price sustains above 576, look for upcoming targets.
BAJAJ FINANCE LTD looks like Channel breakout on daily chart and Double BOTTOM on weekly chart. The primary trend line runs between the breakout, pay attention. If the price sustains above 6311, the pattern will be executed. View upcoming destinations.
SBI seems clear breakout in daily chart. Its look like a Inverted H&S, neckline breakout happened. keep concentrate for the upcoming mentioned targets.
