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Channelbreakoutstrategy

Fortis forming good pattern. Watch for long opportunities. Good pattern. ✅Stock is trading inside a channel ✅Stock is in an uptrend. ✅Picking good volumes on the way up. ✅Trading above key DMAs. ✅Group movement in the pharma healthcare sector. CMP: 683. One can accumulate from CMP or watch for a breakout of the channel. Understand the risk involved. The market moving up today very well could be a trap, to lure the retail investors. This view is just for educational purposes and please do your due diligence before investing. #tradingmarket #niftytoday #healthcare
NSE:FORTISLong
by sagartharayil
PARADEEP - Range Breakout PARADEEP - Range Breakout 4-Month Range: The stock was trading within a clear range for approximately 4 months, between ₹76 (support) and ₹95 (major resistance). During this period, the price was consolidating, indicating indecision or accumulation by market participants. The price tested both the upper and lower boundaries of the range several times, but never made a decisive breakout until recently. Minor Resistance: There was a minor resistance around ₹88, which the price had difficulty breaching during the consolidation phase. This level also acted as a support level during the later stages of the range-bound movement, holding up the price when tested. Major Resistance and Breakout: The stock encountered major resistance around ₹95 multiple times but was unable to break through decisively until recently. After consolidating for a while near this level, the price finally broke out above ₹95, signaling a shift in momentum from consolidation to a potential new uptrend. The breakout was accompanied by increased volume, which adds further validity to the breakout, as higher volume confirms stronger market participation. Post-Breakout Action: The price spent some time just below the major resistance (around ₹92) before the final breakout, indicating the market was gaining strength. After the breakout, the price has shown a strong move, confirming a successful breakout and marking the start of a potential bullish run. Targets: Target 1: ₹100 – This is a psychological resistance level where traders might start booking some profits. Target 2: ₹107 – A higher resistance level based on prior price action, suggesting the next potential price target if the stock continues its upward trajectory. Stop Loss: Stop Loss: ₹88 – Placing the stop loss just below the minor resistance/support level is a conservative way to manage risk. If the price drops below ₹88, it might signal that the breakout is failing, and the stock could return to the consolidation zone. Volume and Momentum: The breakout is supported by an increase in volume, as seen by the volume bars rising during the breakout, which confirms strong buying interest. The RSI (Relative Strength Index) is currently at 64, which indicates that the stock is in a bullish zone but not yet overbought, giving further room for upward movement before it faces any potential selling pressure.
NSE:PARADEEPLong
by Profit_Trader25
CHAMBLFERT - Ready for Channel Breakout* Chambal Fertilizers Ltd is a part of the agrochemical sector, primarily engaged in the production and distribution of fertilizers. It is a significant player in the Indian agricultural market, providing various types of fertilizers like Urea and other crop nutrients to support the farming community. *The chart shows a consolidation pattern forming a rectangle or a channel, with the following key observations: 1. Consolidation Zone: The price has been moving sideways within a rectangular pattern, as marked by the points (1 to 6). This range has acted as both resistance and support multiple times. 2. Breakout Indication: The stock price has recently shown a breakout on the upside with momentum candles, indicating a bullish trend continuation. The rising volume supports the breakout. *Entry: A good entry point would be on a retest of the breakout zone near ₹520–₹540. *Target 1: Around ₹615 *Target 2: Around ₹675 *Extended Target: ₹750(if the momentum continues strongly) *Stop-Loss Levels: ₹480
NSE:CHAMBLFERTLong
by Profit_Trader25
4
BSHSL double channel breakout BSHSL chart is growing with double down rising channel symbol of double strong reversal Technical points 1- Double channel breakout 2- strong bottom at 180 that is support zone 3 - resistance at 220 that is supply zone 4 -breaking down rising channel at 250 5 - Any time big investors came in that share and zoomed in on life time high 665 BUY above 220 TRG 1st - 300 TRG 2nd -400 TRG 3rd - 500 final trg life time high 650 and 663 SL 180 - 148 for the short term and long term investors
NSE:BSHSLLong
by Share-Mechanic
sbi cards now open his cards to reached life time high soon Sbin cards i follow last several years something is cooking inside the candle and chart pattern what is key 1-First he follow fab. point 2- hold 2 down rising channel parallel way which is sign on reversal 3- there is flag on 2021 at the price of 1060 that will reached that price as early as possible supply zone and resistance at the 820 and 840 FLY zone above 1000 ONLY for the long term holding position Strong support at 650 and 620 SBI cards jackpot delivery trade taken from my last previous charts like ITI and Voltas which almost double and three times return in really quick time same I expect from the sbi cards charts now price is 702 TRG 1 - 820 TRG 2 - 920 TRG 3- 1000 above 1000 that will reached to 1220/1420/1620/2000 trg for next 2 year For shor term share holder SL 620 for long term and medium risk taker 500 is final SL that all research and parameter those want to learn can contact me on my number [/
NSE:SBICARD
by Share-Mechanic
ARIHANT SUPERSTRUC : Short term (1-3 months)#Arihantsup #channelbreakout #channel ARIHANTSUP : >> Good strong Channel breakout, need followup >> Good Volumes & Strength in stock >> Low Risk High Reward Trade ( 60% upside possible) >> Swing traders can lock profits at 10% & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:ARIHANTSUPLong
by moneyfesttrading
GUJARATPOLY Analysis(H&S Pattern)! BSE:GUJARATPOLY Analysis! Inverted Head and Shoulders Pattern Formation in GUJARATPOLY on Daily Timeframe! Inverted Head and Shoulders Pattern Breakout in GUJARATPOLY! Trend Reversal in GUJARATPOLY! GUJARATPOLY has made INVERTED HEAD AND SHOULDERS PATTERN on a daily timeframe. We can see the price was moving in Falling Parallel Channel . Price has given breakout to the channel on 11 May but it hasn't sustained so we can considered it as a Fakeout . Again prive has given breakout to the channel on 29 May and it has sustained. Also given breakout to the Neackline but we have experienced a selling pressure around it's necklevel. Entry = Aggressive investors can buy at current levels, Conservative investors can wait for small retest. Stop Loss = Below 37.40 Targets = 1) 49.70 2) 56.99 3) 65.01 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
BSE:GUJARATPOLYLong
by Avinash9087
4
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%
NSE:TEXRAILLong
by FalgunPrajapatiTrading
Channel pattern breakout in Devyani ?Possible Channel pattern breakout in Devyani. Stock is at important Supply zone, today we can see a breakout candle which is also supported by decent Volume. Stock has a potential to reach 250 range (Channel Breakout pattern) Stock has to close above 200 (Psychological price level) as well as today's High. If the follow up of candle close above these level, then we can see bullish rally in the coming days. Stock has made its all time high Today. 187 will the SL for Risk averse and 170 for Risk takers. Overall analysis is given in the chart This is just a view, not recommendation to trade. Do your own analysis before taking any trade. Share your opinion in the comment section. NSE:DEVYANI
NSE:DEVYANILong
by varun_devadiga
5