CGCL - Swing trade Breaking out after a good consolidation. A good RR ratio trade.
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...
SBI seems clear breakout in daily chart. Its look like a Inverted H&S, neckline breakout happened. keep concentrate for the upcoming mentioned 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.
ULTRATECH CEMENT looks like a clear channel breakout. If the price sustains above 6534, it will reach certain targets.
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...
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...
Moldtkpac gave a Channel Breakout on 1D timeframe. It is currently retesting its resistance. Enter after bullish confirmation.
INDOCO | Channal breakout - Looks potential for 25% CMP : 398 SL : 370 Target : 480 1:3+ risk reward setup P.S : Please read the company name properly its not INDIGO
We can see, already there was a Channel breakout in this stock. Previous High was 2740, Now in a daily chart it already broken that level with good Volume. Movement has a potential to reach 3100 Level. Now, If its coming for retest, 2740 should act as support. Next Support will be around 2610 and 2500 will be major psychological and important Support. Those who...
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...
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
ATUL | Channel Breakout - Looks potential for 15% CMP : 8727 SL : 8220 Target : 9800 1:3 risk reward setup
KAJARIACER | Channel breakout - Looks potential for 25% CMP : 1128 (Dip : 1080) SL : 1030 Target : 1350 1:4 risk reward setup
JUBLINGREA | Simple channel breakout and retest - Look potential for 20% short term CMP : 543 (Dip : 525) SL : 500 Target : 640, 810 1:3 risk reward setup for 1st target
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.
SUNPHARMA is breaking down from its long-term channel. It consolidated in the form of a triangle and is now seemingly breaking down from the base of the triangle. The 200DMA is also being rejected. A fall to 735 zone is possible on the stock.
Channel BO with 200 ema support on daily candle of Crompton Buy at 391 with sl of 367 for target of 452 and 513