Consolidation-breakout
MCX GETTING CHARGED UP FOR THE NEXT RALLY?MCX broke it's monthly resistance and has retested it very well and is consolidating for a big movement ( high chances of upside movement ). BUY once it breaks out the trendline resistance on a weekly chart with good volumes.
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Minda Industries - Looks good for an upmoveStock was consolidating. Today the stock has shown a strong candle. The stock looks ready for a decent upmove
Will growth convert into momentum ? - MSTCLTDLong long consolidation of 8 months.
great results in last 2 quarters with high EPS growth
probable candidate for BO
3T VCP
good accumulation in base
SL - below 300
TGT - 400-418
MCDOWELL TRADE SETUP FOR TOMORROWMCDOWELL share is near to breakout either it goes down or up.
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We also gave this old Setup around one week and it gives a good profit to the trader.
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Now for tomorrow if MCDOWELL share goes above 834 you can buy this trade.
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If stock goes down below 815 we can sell this trade.
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What's your view on this comment below in the box.
India Glycol Multiyear BreakoutSimple 13 year old consolidation with high volumes.
Stocks give multibagger returns after breakout of such long consolidation.
Longer the consolidation more powerful is the breakout.
Below is Weekly chart.
Perfect high volume breakout bar & Retest.
Never miss out on such setups!
MANAPPURAM FINANCE TRADE SETUP FOR TOMORROWAs we already told you in the previous charts, once it break 170 level.
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We can see the upward momentum, so the stock has given breakout.
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You can make a position in MANAPPURAM FINANCE above 174.
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Our short term target is 185-190.
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What's your view on this comment below in the box.
HINDUNILVR TRADE SETUP FOR TOMORROWHindustaan Unilever Share is near to BREAKOUT.
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As you see in the chart, stock is consolidating near the 2800 level, once it cross the level.
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We can see the good upward momentum.
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Safe Trader can buy at 2803 level.
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What's your view on this comment below in the box
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Te le gram cha nn el : itstock0
ROSSARI : Huge Breakout with Volume!!NSE:ROSSARI has broken out after long consolidation. The breakout is supported by good volume. Stock has taken continuous support from the trendline and has also provided an ascending triangle breakout. Do not chase breakout wait for the stock to retrace to some extent before entering the trade.
DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper risk management before taking your trade. Cheers! Happy Trading!
GALAXYSURF : Darvas box and resistance breakout with Huge VolumeGALAXY has broken out after more than 10 weeks of consolidation! Breakout is support by a good amount of volume. Wait for the price to retrace before entering into trade. This idea is for education purpose and please do your own analysis before you take up any trade. Please don't forget to follow position sizing and risk management. Cheers ! Happy Trading
Kotak Bank Trade Setup Near BreakoutKotak Bank is consolidating from April so now it near to breakout.
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Kotak Bank can give the breakout on tomorrow if stock goes above 1823, then you can make a fresh entry.
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Target is 1900-200, as per your comfort.
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What's your view on this comment below in the box.
SOME OF THE SIGNALS FOR SUUCCESFUL BREAKOUTSZensartech has shown some beautiful indications of long-term bullishness, usually, these types of breakouts sustain for longer periods of time, have a full conviction on these types of trading setups.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
CONSOLIDATION-ACCUMULATION-BREAKOUT-PRICE-ACTION-VOLUME-PROFILEDisclaimer-:
1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED.
2. Do ask your questions in the comments if any.
Volume Profile-:
Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price.
2. If the current volume is low, its mostly a pause before the trend resumes
3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case
OBSERVATION-:
Previously stock rallied rapidly after years of consolidation.
Now we can see a significant consolidation happening where buying volume (blue) is greater than selling volume (yellow)
1. Moreover the current region volume has highest volume since the previous rally started. Definitely another round of accumulation is taking place.
2. So breakout above 815 will confirm and uptrend may resume.
3. Note the last breakout had low volume and RSI>80 suggesting it was a fail breakout. But now RSI <70 and volume has increased.
So this time breakout might not fail
ENTRY-:
Above 840 confirmatory breakout
STOP_LOSS
Around the support of consolidation 604.
TARGET-:
Due to more accumulation the expected uptrend could be more than the previous rally. So 168% Fib-Ext Target.
EXIT
Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals.
1. If there is bearish candlestick pattern in 1W timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low)
2. If there is RSI Divergence in 1W timeframe, better to exit at close of 1W since afterwards there can be long consolidation or reversal.
3. If the trailing stop-loss is hit, please exit
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**I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC.
TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT.
**YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES
**ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
NSE:AARTIDRUGS
Titan Long | Consolidation BreakoutAfter a consolidation, the stock has given the breakout from the previous huddles and tested the previous resistance with a successful pullback. Now, on the previous resistance levels, good green candles are been formed, showing the signs of a new uptrend.
Stock has been consistently making higher highs.
An hourly closing above 1860 can be a good opportunity for the swing trade
SRTRANSFIN ACCUMULATION 1D PRICE-ACTION-VOLUME-PROFILEDisclaimer -:
1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED.
2. Do ask your questions in the comments if any.
NSE:SRTRANSFIN used to consolidate for a very very long time between 700 and 1300.
After the rally since last year we can see currently its in a sideways region. This could be accumulation or distribution. We are not sure yet. But chances are high it is a small pause and a small accumulation region. Nonetheless confirmation is absolutely essential.
1500 and 1265 are important levels within which the sideways region is currently in. Breakout with high buying(green) volume will confirm accumulation and the opposite could signal possible distribution.
Volume Profile -: ACCUMULATION REGION:
Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price.
2. If the current volume is low, its mostly a pause before the trend resumes
3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case
IMPORTANT OBSERVATIONS
1. From 17Mar-20 to 30Oct-20 A Nice accumulation took place in the rectangular region with ample of volume.
2. Then rally happened with in between small pause where accumulation happened since in those small pause green volume was more than red volume (more buying than selling).
3. Now its in sideways but with very low volume compared to historical accumulation. So there is a high chance that its a brief pause and soon it will breakout and resume the trend.
TARGET WITH LOGIC
Mark the brief pause that happened between 22nd Nov and 23rd Dec (2020). The volume at that level is comparable to the volume at current level.
Two things can happen
1. It breaks out with this amount of volume. In this case, it makes sense to assume a rally to be little more than the rally since 23rd Dec 2020 level since the accumulation volumes are almost same. So i used a Fib Extension from 23rd Dec 2020 and marked 168% as target level.
2. It continues in this region for a long time. Then afterwards if it breaks out we have to consider rally to be much longer because the accumulation now is much stronger. I will update target level with image if that happens
Entry
Wait for a breakout above 1537 level with high volume, 1D, closing at 320PM and then take position.
I will update here before or during possible breakout.
You may use breakout above 1537 + ATR(Average True Range) for additional confirmation.
-> The best way to enter would be to partially after breakout and the add after (throwback + continuation). i will update when addition can be done.
STOPLOSS
Best to place stop-loss at or below 1276 for conservative approach. Then trail as per your strategy or best use MA in 1H or 1D timeframe with ATR Buffer.
EXIT
Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals.
1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low)
2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal.
3. If the trailing stop-loss is hit, please exit
Note-: This analysis is for NSE:SRTRANSFIN to be put in watchlist not immediately taken position in.
**I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC.
TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO LIKE AND FOLLOW THE POST AND MY ACCOUNT.
**YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES
**ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
NSE:SRTRANSFIN