Buy TCS for 3900/4000TCS trading in channel. From 4000 taken support at 3400 and now breaking out above 3680 range. keep sl at 3620 range
Channelbreakoutstrategy
JSW STEEL Daily Chart Pattern Analysis 09.12.2021JSW STEEL as per daily chart analysis has formed a pin bar on the channel. once the stock breaks 680 level then target 690 is achievable.
GRANULES INDIA Daily Chart Analysis 08.12.2021GRANULES INDIA as per daily chart pattern analysis today has formed bullish candle breaking the first resistance level of 310 along with break the down trend channel. Stock should move uptrend with next resistance at 335 level.
MEGHAMANI ORGANICS Daily Chart Pattern 27.11.2021MEGHAMANI ORGANICS as per daily chart pattern analysis is in the down trend channel and so far it tried twice to break the resistance level and thrice taken the support level. And on 26.11.2021 it has made strong candle. After breaking the channel once it crosses above 118 level then target 125 level. Considering market weakness be carefull in entering any new stocks as its all under correction. Keep short target and exit the positions to keep your capital safe.
IFBIND broke consolidation channelNSE:IFBIND broke a minor consolidation zone and is heading for a target of 1500.
Area of entry would be in between 1250 - 1300 and Stop loss can be 1100
Supporting factors
1. Huge Volume on Breakout
2. No Major Resistance until 1500
Bse ltdThis is for educational purpose only .
One should consult his advisor and should take decision if they want to invest .
As one can see there’s a Ascending triangle and a channel breakout.
One can buy at Current price of 1457 with a target of 1500 , 1525 and sl of 1350.
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KOTAKBANK channel breakoutit is trading near higher end of the channel on weekly chart.
RSI is above 60 on weekly chart.
#kotakmahindrabank:flag pattern&channel breakoutmomentum and trend indicator now showing that all timeframes are bullish
stock had earlier broken out of resistance zone back in nov 20 but had retraced back
to take support at previous resistance and then bounced from change in polarity aug 2021.
Monthly weekly had been retracing in a trendline channel forming a flag pattern
which broke out further up last week. There is likely for further up-move and an entry
above current candle high with stop loss close below neckline on resistance zone
could work out.
#IRTC trendline channel breakout with wide range bullish candle#IRTC Indianrailwaytourcorp trendline channel breakout with wide range bullish candle and volume. Good momentum and trend
on all timeframes. Could wait for a small retracement for entry.
CANFIN HOME - Channel BreakoutCanfin home breaking out of the channel pattern. Looks ideal for swing traders above 578.
PEL - Channel pattern breakoutPiramal Enterprise had taken a good breakout from its channel pattern and also retest done, so give an entry with appropriate Stop loss only after its breakout
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Sonata Software - Channel BreakoutSonata software has broken out of channels on the daily chart with decent volume. Looks good for positional for the next few sessions.
Solar Industries 4yr Channel Breakout with massive volumeThe stock attempted breakouts in Feb/Mar but could not get follow through volume. Dropped back to 20Wk VWMA, and this time managed to get massive follow through volumes on breakout. The stock is trading at ATH price, so sky is the limit. Nifty is in a definite trend, so this is likely to get good volumes in the coming days.
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.
MRPL CHANNEL BREAKOUT EXPECTED IN 1-2 DAYS- TARGET 56,76,136++With MRPL ready to setup oxygen generation plants across Karnataka, along with a channel breakout, a strong Bull run is expected.
Target-56 in a day or two, 76 in mid-term and 136++ in Long term.
CMP-48
SL-45
Please note that the above is for our analysis and educational purpose only. Do your research before investing
NLC India Buy on Dips, will touch All Time HIGH!NSE:NLCINDIA is a fresh new Breakout stock and near term target is Rs80+
Granules Daily - BreakoutGranules has broken out of ths channel with 20% potential to move upside. Managing risk is also important here.
Channel breakout in Tata metaliks#Tata Metaliks, 1050 (WEEKLY) look good for 1200/1320
-Channel breakout happening
-huge volume addition
-rounding bottom done
-metal sector roaring
#DISCLOSURE : shared personal view only. Keep suitable sl accordingly.
Channel breakout in Andhra sugars#ANDHRA SUGAR 385(WEEKLY) look good for 450/500
-Channel breakout happening
-huge volume addition
-sugar sector firing
#DISCLOSURE : shared personal view only. Keep suitable sl accordingly.
Delta should go ZOOM !NSE:DELTACORP just finished its correction and will repeat its history of gains!
HIKAL Breaks Out! No stopping it Now...NSE:HIKAL
Observations on the Chart.
The Channel it was trading has been subjected to breakout from. It will retest the upper channel trend line and then there's no stopping it before targets of 400!
All predictions are merely educational and not a trading advice whatsoever
