The Phoenix Mills Limited - Breakout Setup, Move is ON...#PHOENIXLTD trading above Resistance of 3131
Next Resistance is at 3567
Support is at 2769
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Chartpatterntrading
Railtel Corporation of India Ltd - Long Setup, Move is ON...#RAILTEL trading above Resistance of 360
Next Resistance is at 466
Support is at 296
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Indian Hume Pipe Company Limited - Breakout Setup, Move is ON...#INDIANHUME trading above Resistance of 353
Next Resistance is at 410
Support is at 287
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ISGEC Heavy Engineering Ltd - Long Setup, Move is ON...#ISGEC trading above Resistance of 958
Next Resistance is at 1232
Support is at 704
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Nava Limited - Breakout Setup, Move is ON...#NAVA trading above Resistance of 583
Next Resistance is at 673
Support is at 431
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Karur Vysya Bank - Long Setup, Move is ON...#KARURVYSYA trading above Resistance of 136
Next Resistance is at 209
Support is at 91.50
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
STEELXIND Channel & Falling Wedge BreakOutSteelxind had earlier given a channel breakout on 1D timeframe with higher volumes. It started consolidation after breakout and is now attempting to breakout from a falling wedge pattern on 1D timeframe. Go long after bullish closing confirmation. Follow stop loss rules.
#Reliance Industries Stock Trading Important levelsOn 1 Hour Timeframe, Reliance Industries stock trading important levels. Time to wait for either breakout or Breakdown (reversal) for the Reliance Industries.
Breakdown Move
- Confirmation for breakdown will be if Relinace industries stock starts trading and sustain below 2956 level
- Downside rally nearly 50-60 points expected in case of breakdown
- Intermediate support expected near 2927- level
- Short Trader can place there stop loss if Reliance Industries Stock starts trading above 2973+ level
Breakout move
- Long side movement expected in case Reliance Industries Stock starts trading and sustain above 2973+ level
- Above this level Reliance Industries Stock can go upto the 3236+ level.
- Intermediate resistance expected near 3145+ level
- Long trader can place there stop loss if Reliance Industries Stock starts trading below 2956- level.
Double Bottom pattern breakout in GNFCGujarat Narmada Valley Fertilizers & Chemicals Limited.
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Double Bottom Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 865+.
✅Can Go Long in this Stock by placing a stop loss below 687-.
HFCL - Breakout Setup, Move is ON...#HFCL trading above Resistance of 111
Next Resistance is at 185
Support is at 75
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Descending Channel pattern breakout in UBLUNITED BREWERIES LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Descending Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2145+.
✅Can Go Long in this Stock by placing a stop loss below 2095-.
Reversal Uptrend Wedge Pattern in CIPLACIPLA LTD
Key highlights: 💡⚡
📈 On 1 day Time Frame stock Showing Reversal of Uptrend wedge Pattern.
📈 It can give movement upto the Reversal Final target of Below 1480-.
📈 There have chances of breakdown of Support level too.
📈 After breakdown of Support level this stocks can gives strong downside rally upto below 1348-.
📈 Can Go short in this stocks by placing a stop loss Above 1640+.
Breakout in Mahindra EPC Irrigation Ltd...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IEX Rounding Bottom PatternIEX has formed a bullish chart pattern called Rounding Bottom.
A rounding bottom, also known as a saucer bottom, is a technical analysis pattern that signals a potential reversal from a bearish to a bullish trend. It is characterized by a gradual decline in price followed by a gradual rise, creating a shape resembling a "U." Here's a detailed guide on how to trade this pattern, inspired by principles often discussed in trading academies like Arvind Share Academy:
Identifying a Rounding Bottom
Formation Period: This pattern typically forms over a long period, ranging from several weeks to months. Here it takes approximately 2 years
Volume Analysis: Volume usually decreases as the price declines and remains low during the bottoming process. As the price starts to rise, volume typically increases.
Pattern Shape: The price action creates a U-shaped curve, indicating a gradual shift in sentiment from bearish to bullish.
Trading Strategy for Rounding Bottom
1. Confirmation of the Pattern
Wait for the price to break above the resistance level formed at the beginning of the rounding bottom. This breakout confirms the pattern.
Increased volume on the breakout reinforces the validity of the pattern.
2. Entry Point 180
Enter the trade when the price closes above the resistance level on strong volume.
Some traders may wait for a pullback to the breakout level to enter a trade for a better risk/reward ratio.
3. Setting Stop-Loss below 160
Place a stop-loss order below the lowest point of the rounding bottom to protect against false breakouts.
Alternatively, a more conservative approach is to place the stop-loss below a recent support level after the breakout.
4. Profit Target 280
Measure the distance from the lowest point of the pattern to the resistance level. This distance can be projected upwards from the breakout point to estimate the potential price target.
Some traders may use trailing stops to lock in profits as the price continues to move in their favor.
5. Monitoring Volume
Continuously monitor volume to ensure it supports the price movement. Declining volume during the breakout or subsequent uptrend can signal weakening momentum.
Thanks & Regards
Arvind Yadav, Cfa
Arvind Share Academy
Breakout in Himachal Futuristic Communications Limited...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Ge T&d India Limited - Breakout Setup, Move is ON...#GET_D trading above Resistance of 1564
Next Resistance is at 2168
Support is at 1047
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Shipping Corporation Of India Ltd - Breakout Setup, Move is ON..#SCI trading above Resistance of 268
Next Resistance is at 418
Support is at 171
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Exide Industries Ltd - Breakout Setup, Move is ON...#EXIDEIND trading above Resistance of 527
Next Resistance is at 595
Support is at 445
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Supreme Industries Ltd - Breakout Setup, Move is ON...#SUPREMEIND trading above Resistance of 5802
Next Resistance is at 7722
Support is at 3880
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Elecon Engineering Company - Breakout Setup, Move is ON...#ELECON trading above Resistance of 1189
Next Resistance is at 1655
Support is at 987
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Gravita India - Breakout Setup, Move is ON...#GRAVITA trading above Resistance of 1157
Next Resistance is at 1625
Support is at 886
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Shipping Corporation Of India Ltd - Long Setup, Move is ON...#SCI trading above Resistance of 199
Next Resistance is at 268
Support is at 150
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.