Consolidation-breakout
How to make 6% fast in Voltas - Logic and trade entry Voltas is trading between the zones of supply and demand and currently on demand zones and moving towards the supply zones, we can make a good 1:2.5 RR trade
here on a 1HR tf close near 1060 levels target for 6% and risk can be set near 2% to 2.5%
wait for 1hr close and let it close bullishly on 1hr :) trade with proper risk rules and follow them also let the trade initiate :)
Any problems regarding the trade plz comment and feel free to discuss
ALKYLAMINE, darvas box consolidation breakout, coming up?Hello traders,
ALKYAMINE, a chemical stock which rallied huge on based of some news.
same rally might come up again if it breaks this 3 month consolidation box.
can go for first target of 14% upmove and 2nd target of 75% upmove.
keep a watch on this. can be best for swing and intraday.
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
#VGUARD .. Watch for bounce back from supportVGUARD is a fundamentally strong company. It has come out of a 4 year long consolidation in range and has given a breakout with retesting completed.
Currently the price lacks momentum however, current structure is very bullish and can easily resume moving upwards during next week.
VGUARD has almost 2X twice after giving similar breakouts. See below -
Maharashtra Scooters Rounding Bottom Breakout (Consolidation)Maharashtra Scooters Ltd has a tendency to consolidate an then give a move . Previously before twice it has done the same thing . This time the consolidation has extended but looks like breakout has happened . Though there has been a little correction selling but if it retest's it can give an upward move or it can directly move upwards. Looks like a decent chart with good potential.
LINDE INDIA CUP AND HANDLE CHART PATTERN- Bullish Trend SoonThe following chart shows the CUP and HANDLE Chart Pattern of Linde India, Expect a Bullish Reversal Soon. A perfect Rounded Bottom was Converted into a Cup And Handle Pattern, giving more clarity towards the overall trend.
Make sure to Place your stop losses correctly, because last year we have seen a huge rally in this Stock. The Monthly Charts show a Perfect Evening Star. So make sure to go somewhere between Mid and Long Term.
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.
Manappuram Finance Breakout! NSE:MANAPPURAM Manappuram Finance Breakout
Breakout from a consolidation. Bullish.
Good Risk to Reward Ratio.
Will buy if takes support and moves further.
I would appreciate your thoughts on it.
PS. - I am not SEBI registered. This is for analysis and educational purpose only.
TATACOFFEE potential breakoutTATACOFFEE has been consolidating in this range for a few sessions now.
we can expect a breakout out of 195 if its accompanied by good volumes.
1HR chart also shows the same.
kindly perform your own analysis and enter trade above 195.
JK tire in simple consolidation See the graph, but formed last red candle so only enter in trade after 150.50 or 151 crossing , or else oppose of it, it may go to deep oversell zone , good to buy for short-medium term , just an idea i have...follow me for more genuine ideas on standard stocks only...
Booked 10% in TATAMETALI - In 21 hours ;)Posted a well-explained analysis some days back, the execution was good :)
Idea linked below :
End of Consolidation seems to be close nowHavells is consolidating after making 52W high in Jan.
It has bounces back from short term support.
Maybe Q1 numbers will also affect it in any side. Keep in mind.
Bullish momentum may be seen after breakout.
Post just because I like to share my analysis.
This post is for information purpose only.
GRASIM 1D Indicating Strong Demand1) Price consolidating for more than a month
2) Two recent pullback with 2nd pullback with higher low indicating stocks is in strong up move
Watch for upside breakout after consolidation (accumulation phase at top). If it breaks down (distribution phase) then wait for price to retrace back to any of the previous pullback level and then reversal.
HCLTECH 1D - What Else You Need for good setup1) Price approaching multipoint support
2) Price approaching 200DMA
3) High volume on 26Apr2021 with no major follow up
4) High volume low and 200DMA price level is almost same. So possibility of high volume area test along with 200DMA support test
5) Quarterly results on 19July2021
Keep this on your radar. Can be a possible candidate for short term positional (first resistance 1060) if you see good wide range bullish candle after any of the above point is tested.
Alternatively, one can take short term position if we see consolidation breakout with good volume.
Swing for Tata Steel BSL!!!1. At 6 year resistance breakout
2. Price moving in tight range which can result in a good impulsive move
3. Average volume during consolidation
4. Target around 10%
10 Star analysis on NBCC - 10% possible move 👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges, and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone, the prices are higher than the bid price, and in the demand zone, they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Late night Technical analysis talk - Give me 12 mins if possible👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
👑 Important levels ( also most of it depends on your entry and mindset during trading hours )
✣ A 1hr close on 685-687 levels can trigger a breakout as explained in the terms section above
✣ Risk of 3% can be taken at the point = 660 points to be specific from entry
✣ Targets can be 1- 722 and 2- 750 for your 5% and 10% up move profit booking of the initiated swing trade
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃