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Channelbreak

SBI - Weekly BreakoutSBI had its wonderful breakout and also finished its retracement level in a weekly timely frame, so give an entry with appropriate Stop loss Aggressive traders enter at the breakout and conservative traders may give entry after retracement After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
NSE:SBINLong
by PrakWorld_Traders
Cummins India - Channel BreakoutCummins India had taken a good breakout from the channel pattern, Give an entry with appropriate Stop loss Aggressive traders enter at the breakout and conservative traders may give entry after retracement After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
NSE:CUMMINSINDLong
by PrakWorld_Traders
1
LONG-TERM-ACCUMULATION-CHANNEL-BREAKOUT-VOLUME-PROFILEDisclaimer-: 1. Long-Term Bets can be solely made from technical analysis if done correctly. Nonetheless this can be used in combination with Fundamental Analysis . So readers feel free to comment fundamental ideas if any, either in support of long or short, both will be highly appreciated. 2. **FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 3. Do ask your questions in the comments if any. VOLUME-PROFILE-: Can be used to identify accumulation/distribution regions when we compare the current region volume to previous/historical volume. During trend-reversal if the previous trend volume is lower as compared to current region volume then high chance that reversal will take place and will face less resistance to previous trend. By spotting the regions at the right time we can enter and not miss out on the nice trend. OBSERVATIONS-: NSE:IBULHSGFIN was in a downtrend. it broke out of the channel whose trendlines have been tested at least 3 times. Thus giving a strong breakout. Recently it formed a nice triangular pattern and has given a breakout. The volume of current region is very very high compared to the volume of fall. It means trend -reversal will happen and now accumulation is happening. Moreover as it moves forward it will face weak resistance. A nice breakout above 300 level will confirm and uptrend may start. TARGET WITH LOGIC Since the all the time high level, 1370 , stock has been falling with very low volume . While now the volume of accumulation is too high, so there is a high chance it can reach the all-time high. ENTRY-: Above 300 breakout with confirmation. You can also do position sizing . STOP-LOSS-: Since 55 is a nice support level so for a long-term bet a conservative and wide stop-loss is essential. In this case since the target is high enough, it makes sense to have a deep stop-loss. EXIT Sometimes we have to exit before target. Following can be taken as signs of bearishness-: 1. If there is bearish candlestick pattern in 1W timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1W timeframe, better to exit at close of 1W since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED. NSE:IBULHSGFIN
ILong
by VPA_TRADER
Castrol India - 5yr Down Trendline Breakout / 1.5yr Channel BOSuggested by @monkmaxims The stock had been in a down trend since forever (7yrs on monthly chart). Since 2020 crash, the stock was in low volume accumulation in a parallel channel. Suddenly, the accumulation volumes began to shoot up in November while the price continued to trade in the channel. Finally, this week it has broken out and how! Highest weekly volume seen since last year, in the breakout week. The weekly closing candle looks like a decisive candle. Good fundamentals, likely to do well in the coming weeks/months. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA Short term TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better. SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:CASTROLINDLong
by raavigeorgian
18
HBL Power 6mth Breakout RetestThe stock has been trading in a channel for 6 months. Big accumulation volume bars could be seen throughout the channel. Finally gave a breakout on huge volume. The price has now come back to retest the breakout area. It may take support at the 20VWMA (Green line) and bounce back once the earnings are announced in a couple of days. RSI is above 50, Relative strength line is above NIFTY. Moving along with sector. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better. SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:HBLPOWERLong
by raavigeorgian
6
V-Guard 3.5yr Channel BO / 2yr H&S BO / Double Bottom / ATHUp on earnings. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better. SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. For educational purposes only.
NSE:VGUARDLong
by raavigeorgian