DABUR INDIA LTD-BULLISH MOMENTUMDABUR 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.
Channelbreak
Channel Breakout in MCXFrom past few months stock has been trading in a channel. Finally it has broken from its previous resistance with significant volume.
Also, recent quarter results were good. we can expect a good upside move from current levels.
At this price risk reward is not attractive. So, it is better to wait for retest near 1435-1400 levels.
Maintain strict stop loss at 1290.
All possible targets are marked on the chart.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
NSE:MCX
Looks like breakout with good volume This stock gave a upword breakout from channel pattern, let's wait and watch
NIFTY - Analysis.NIFTY moving in a downward channel with base formation at
16950 & resistance @ 17150. Price has to cross 17150 to
give a meaningfull upmove. Below these levels nifty would
be bearish / sideways.
SUN TVINTRADAY TRADE - ANALYSIS OF SUN TV NETWORK
Stock has run up fast in a narrow channel. Facing resistance at 543 levels.
In Case price sustains above 543 levels after 9.45 AM.
Then a trade can be taken with around 538 (Todays Closing) as stop loss.
Other way round if price does not sustain above 543 levels
then the same stock can be shorted as well. Do check the
nifty whether going up or down as well.
This is no buy or sell recommendation , just analysis.
Please note the probability is higher that it will go up , so u can only trade on the upside.
Experienced traders can do the down side trade as well.
GRASIMDownward Channel is breaking on the upside.
target of 7 % from the levels mentioned in the chart.
Educational purpose onlyThis scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum.
Granules channel breakout #granules
Gave a very good close on weekly and a strong candle.
Can buy in dips with sl of 300.
#vr
Breakout Day with support of High VolumesLooking forward for the Long Position after the stock manages to close above its parallel channel. Buy NSE:APCOTEXIND at the End of the day after the confirmation of close above the channel line.
BULLISH on INDIAMARTNSE:INDIAMART
The price has given a breakout from the channel pattern. The breakout is with good volume. The MACD is bullish and RSI is above 50 showing good momentum. The MACD and RSI also showing the divergence from he prices which implies that this correction is over and bottom has been made. The view is for 6 to 9 months. SL levels is around 4165.60 and the Target levels is around 5981.50
The price is still below 200 dma and can face resistance there so it is recommended to buy in a staggered way, some on the breakout and rest when price crosses the 200 dma.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
Channel breakout in Sterling & Wilson Ltd?Channel breakout in Sterling & Wilson Ltd.
Earlier stock was trading in a sideways channel, now it has given a breakout with good volume.
Price level of 310-315 should act as immediate support, in case stock is coming back for retest. For any further strong upside movement, price has to close above 326.
All possible targets are marked on the chart. Maintain strict stop loss @ 300
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
NSE:SWSOLAR
Ascending channel breakdown in COROMANDELAs you can see ascending channel already broken now just need to wait to let it break the level of 994 we expect a good fall.
Kirloskar Ferrous Ind Ltd - Bullish viewHi all,
KIRLFER is in small consolidation pattern, and it is expected to break the resistance.
Entry, Exit and Stoploss is given in the chart.
CHANNEL BREAKOUT IN POWERGRIDHello traders , here is the analysis for this stock let me know in the comment section below if you have any questions , the entry will be taken only if high of today is taken out . I suggest you keep this stock on your watchlist and see if the rules of your strategy are satisfied.. According to me, an up move can be expected in POWERGRID . Moreover it has consolidated near the channel high many days before breakout.
Keep trading ❤️
Hustle hard ✅
Channel breakout in BATA INDIAChannel breakout in higher time frame then great consolidation then again breakout very good long opportunity
coromandel - Equity / F N O / Intraday - swing - long termNSE:COROMANDEL
INTRADAY - SWING - LONG TERM
Date of analysis : 27 January 2021
Time Frame : 60 Minutes
Graph Pattern : Double Bottom
RSI Indicator : RSI Bullish Divergence
Observation :
1. Accumulation between 745 - 750
2. Trendline Breakout in zone of 745 - 750
3. Important support 725 -730.
4. After channel breakout Trend will be bullish.
5. Price action, indicator and pattern indicates possible Bullish move after channel breakout.
Intraday : 768 - 770 / or as soon as channel breakout/ or accumulation zone 745 - 750.
Stop loss : Not more than 2%
Target For short term / SWING = 466 - 780 - 795 - 800 (Strong Resistance) - after managing to break 800 underlying will move very fast
Long term Target - 466 - 780 - 795 - 800 - 815 - 880 - 910 - 950
Note : FnO Trader can go long in Future with Married Put strategy (Buy Future + ATM Put)
Texrail Ascending Channel BreakoutNSE:TEXRAIL
Pattern : Ascending Channel
What is Ascending Channel?
An ascending channel is the price action contained between upward sloping paralle lines.
We can draw trendline by connecting Higher high and higher lows to form a channel.
Support and resistance zone can be seen by connecting wicks.
Ascending channel shows uptrend of an undelying.
Breakout above Ascending channel can idicates Uptrend continuation with aggresive upper target.
Breakdown below and ascending channel can indicate a possible trend change.
Use : Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals.
How to trade ?
1. Breakouts : Trade breakout of channel.
2. Support and Resistance : Trade reversal if back from Resistance or Support.
3. Breakdown: Trade breakdown of Channel.
Trendline : Weekly Trendline Breakout - 4 December 2022
Ascending Channel Support Zone:
Successful accumulation can be seen
Ascending Channel Resistance Zone :
Tested 3 Times.
4th time boom and back in the channel.
5th time inside Resistance zone indicates Possible breakout.
Traget 1 = 60
Target 2 = 62 -63
Target 3 = 74 - 77
Target 4 = 90 + + + + + + +
How to Trade ?
1. Buy Set up - Trade Breakout : Buy above Red Ascending Channel Breakout.
2. Risky trader can buy >= 46.40
3. Inside Red lower zone sell intraday or short term with target at least 3%
Stop loss:
LONG OR BUY
1. Long term stop loss not more than 4%
2. If buy at 46.40 stop loss 44.50
3. Intraday stop loss for short not more than 1.28%.
Target For Long term buy :
Traget 1 = 60
Target 2 = 62 -63
Target 3 = 74 - 77
Target 4 = 90 + + + + + + +
Reentry criteria:
If fail or forget to enter or sl hit reenter with the same logic.
Intraday stop loss 1.28%. Long term stoploss 4%
[Positional] HCLTECH Long IdeaHCLTECH has been trading in the narrow channel range from almost last 6 months. The Channel was a descending channel. HCLTECH Was trying to break the channel from last few days- it was trading very little above the edge of the channel. Today HCLTECH has convincingly broken the channel.
Once can LONG HCL with below details:-
Entry:- 980-982 (Trade can be taken now)
SL:- 913 (Ideally the SL should have been placed at 880-881 range i.e. the channel low, but am placing the SL at the mid of channel)
Target:-
T1- 1053
T2- 1116
T3- 1213
Target can be achieved within next 4-6 months.
Cheers,
Santosh
Channel Breakout in WockhardtFrom past one year stock was trading in a channel and finally it has managed to close above this channel.
Breakout happened on 19th Aug, today price have closed above breakout candle indicating a strong upside momentum in the stock.
Price level of 270-260 should act as immediate support. All possible targets are marked on the chart. Ideal Stop loss can be at 230.
This is just a view not a recommendation to trade. Do your own analysis before making any investment.
Share your opinion in the comment section.
NSE:WOCKPHARMA
Channel Bo in Exide Industries daily?Channel breakout in Exide Industries
Stock has broken its previous major resistance with significant volume.
Also, we can observe a Inverted Head and shoulder breakout in hourly time frame. For further strong momentum in the stock, price has to close above 174 in daily chart.
Price between 165-170 is a good range to enter the trade. Stop loss can be placed at 149.
This is just a view, not recommendation to trade. Do your own analysis before taking any trade.
NSE:EXIDEIND
JAYBARMARU | Channel breakout + Decent demand zone - 40%JAYBARMARU | Channel breakout + Decent demand zone - Looks potential for 40%
CMP : 180 (Dip : 170)
SL : 150
Target : 245, 330
Almost 1:4 risk reward setup (First target)
