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Channelbreak

Possible Supply Zone Breakout in Anant Raj (W)Finally stock has managed to break above the previous supply zone which was sustained for almost 8 years. For breakout confirmation stock has to close above 88 with good volume in the weekly chart. In the hourly chart, the price has given a flag and pole breakout with the first target of 100. SL for the trade can be placed at 77. All the possible targets are mentioned in the chart. This is not a trade recommendation, Do your own analysis before investing. Do share your views on this.
NSE:ANANTRAJLong
by SWING2TRADER
All time high breakout in Astramicro Updated View All time high as wells channel breakout in Astra Microwave Pr in daily chart frame. Stock broke its important Supply zone with good volume and candle. For the upside movement stock has to close above 313 Level with good candle & Volume. There is high chance for a retest , if it is coming for retest then 290 level should be strong support and good chance for re-enter. Stock has a potential to reach 380-400 level, 268 will SL. This is just a view not a recommendation to trade. Do your own analysis before making any trade. Share your opinion in the comment section. NSE:ASTRAMICRO
NSE:ASTRAMICROLong
by varun_devadiga
6
HCLTECH Strong breakout on daily timeframeHCLTECH looks super bullish and can be bought as a swing trade for the upcoming 3-4 months and a target of around 15-20% can be expected given that the overall market remains bullish. Even when Nifty IT was performing low, HCLTECH held its ground and today it has finally given a breakout from its channel pattern. The breakout can be confirmed with volumes and the breakout from the last resistance level and further from the breakout of 50 EMA. The trade can be sufficed as - Entry above Rs. 980.00 Stoploss - Rs.940.00 Targets - Rs. 1068 / Rs. 1133 / Rs.1214
NSE:HCLTECHLong
by Apex_Trading69
Channel Breakout in Mahanagara Gas LtdFrom few months stock was trading in a sideways channel, now it has given breakout with good volume. If we observe short-term chart, stock has already given a symmetrical triangle breakout for which final target is not yet achieved. We can expect a good upside momentum if price closes above 905. 830-845 levels should act as strong support. Considering the spike in volume we can expect a good rally in upcoming days. Stop loss can be placed at 800 for risk takers and 830 for risk averse. All possible targets are marked on the chart. This is not an recommendation. Do your own analysis before investing. NSE:MGL
NSE:MGLLong
by varun_devadiga
2
RESTAURANTS BRAND ASIA - SWING TRADE IDEARESTAURANTS BRAND ASIA - SWING TRADE IDEA 1. Uptrend Channel Breaks out at 115. 2. Comfortable open and close above 115, so the next target will be at 125... 3. Quick Swing trade for 10 points. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:RBALong
by ravi15684
Channel Breakout in Mold Tek Packaging?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 in coming days. If price is coming for retest 840-870 levels should act as immediate support. Stop loss for this trade can be placed below 775. All possible targets are mentioned on the chart. This is just a view, not a recommendation to trade. Do your own analyses before taking any trade. NSE:MOLDTKPAC
NSE:MOLDTKPACLong
by varun_devadiga
4
All-Time High Breakout in PVRPVR 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 Limited (PVR) is India’s largest and most premium film exhibition Company. In March 2022, Inox merged with PVR becoming the largest cinema exhibition company in India operating more than 1500 screens across 110 cities. All possible targets are given in the chart, maintain SL at 1650. This is not a recommendation, do your analysis before investing. Do share your views on this.
PLong
by SWING2TRADER
2