Alert: Consolidation Breakout - Consolidation Period 2 monthsDisc: This is not a trading recommendation. Please do your own research or consult your financial advisor. Charts are for educational purposes only.
Consolidation-breakout
Prince Pipes - Breakout after a strong consolidation - Breakout candle on 9 Apr with higher volumes followed by a volatile consolidation
- Another bullish candle on 30 Apr with volumes
- 510 can be a nice entry however the price structure indicates uptrend
- Buying at 530 levels is quite risky, it is better to wait for another breakout candle above 550
- Price trending with shallow retracements
EIDPARRY into breakout zone355 to 370 can be seen as beakout zone.
+ADX cross over on daily on daily chart
raise with good volume.
has been in consolidation for quite some time.
it is trading near all time high.
RSI above 60 on daily chart.
Range breakout expectedStock consolidating since 9 months.
longer is the consolidation more powerful is the breakout.
since stock is up today 10% buy only partial qty
wait for dip till 400 or
wait for range break and enter on testing.
All other observations on chart.
Many times I have covered range & consolidation breakouts.
Advantages
1. Stop losses are low.
2. Kicking out by hitting SL is occurs rarely.
3. Breakouts are of high intensity, Quick gains.
4. If you have entered in the lower end of the range &
breakout fails, you still get good exit.
5. Profit probability is higher.
Check similar ideas below
SUVENPHARMA Consolidation BreakoutSUVENPHARMA has given good consolidation breakout with above average volume.
Longer the Consolidation Stronger the Breakout* I like those chart pattern when price hug many times its upper boundary before breakout with high volume . Accumulate slowly this stock .
Kindly Let us know if you have any questions .
Just dial has a jackpot pattern emergingBuy Just Dial till 775 for target of 1100/1225. Classic consolidation pattern breakout above 775 on weekly chart with smart rounding bottom pattern. Move invalid below 750 on weekly closing basis.
Biocon - Box Breakout tradeAfter the fall Biocon has is consolidating a price range, rejecting near 407. So breaking that range will bring buying interest. So buy when it breaks 410 with SL of 400 spot.
It can trigger sell also if the lower levels break but it is near support area so I won't be taking sell trade.
Triangle pattern in TitanAs per triangle pattern goin on in Titan, we should wait and watch for breakout and then create fresh long or short position depending on which side it gives breakout. I am personally looking for upside breakout
Axis Bank - Descending triangle after run up - Buy @726Buy axis bank at the bottom of the pattern for small sl and big target. There is very less chance that this stock will fall below the pattern support. Banks are looking strong after this correction and as infra projects will be starting so more lendering is expected. Therefore no sign of bearness in this stock.
Target 824
Sl 700
KOTAK BANK ANALYSISExplanation on the chart.
The price seems to be rejecting lower levels very sharply and seems to be consolidating above the 200MA on the 1 hour chart. 1900 is also a psychological level that is acting as a good support over the last couple of sessions.
I would consider the current price to be a good entry point on the stock with a medium term perspective and the price could re-test 2,000 soon.
These are my personal views and I reserve the right to be wrong. Please trade with appropriate risk management.
CumminsInd- A good breakout ?Cummins Ind has been consolidating at the higher range for a while. Last time it broke out from resistance it gave a good move and it is doing same thing for now.
Weekly chart for the reference:-
Keep an eye folks .Fingers crossed.
BPCL - Triangle with Resistance.This stock is making a trend continuation pattern in weekly timeframe. A triangle pattern is always a good sign for a investor/trader.
Weekly chart for the reference:-
Some of its peers are also showing some good signs as well.
For Example Hpcl is trying to break a longer term trendline and is trying to break a previous swing as well.
If peers are also trying to break the trend then there must be something going on. HPCL Weekly attached:-
Lets come to Daily now on BPCL where it has been testing resistance again and again.Levels of 440 will play important role as it is a resistance and will create a confluence zone as trendline is also there.
Do not enter in stock until and unless it holds at those levels for a while because if new positions are not built before breaking out then it might lead to false breakout.
Avoid the stock if it keeps on going one way without stopping.
Keep and eye folks. Cheers and Happy Trading.
Disclaimer:- I am not SEBI registered.Trade with your own risk and trade with caution.
VBL- A Possible rise?Varun beverages has been testing its breakout levels and and interestingly it has been consolidating near retest.
Price has stopped making lower lows and now volume is pushing prices up again and again.
A price action for the reference:-
We can call it a triple R concept as well but not until it breaks out the red line marked at 933.
Keep an eye folks fingers crossed...
Shoppers Stop- Let's do some shopping Same old concept but worth looking at.
Resistance tested multiple times.
Stock creating higher lows.
Ascending triangle pattern.
Don't forget to checkout weekly chart as well. Most interesting part is volumes being generated in all these weeks.
Don't know who is generating all these volumes :P
Take entry only and only it stock stays at breakout level for 2-3 days atleast.
Keep an eye folks. Fingers crossed.
SOLARIND Weekly consolidationSOLARIND has been consolidating between 970-1300 in the last 3 years on weekly scale. sustaining above 1300 on weekly basis can unlock a portential 25% upside. keep on radar for breakout.
Silver inside candle analysis ! Silver formed inside bullish candle in 4 hour time frame, and breached consolidation zone.
Possible targets:
1) 67,500 (that is 50% Fibonacci level), if it sustain on that level then we can hold to achieve the next target.
That is
2) 68,500.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
MARUTI SUZUKI FRESH BREAKOUT FOR POSITIONAL,SWING AND INVESTMENT1> Major Resistance Break out after after consolidation near resistance level
2> Bollinger Band Squeez Break Out with high volume
3> RSI sustained above 50 since Nov 2020 and now crossed above 60
NESCO - Watch for Consolidation Breakout Explanation in Chart. NESCO for Short/Long term possible post breakout. Keep Watch. SL 470. TGT 780.
