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Consolidation-breakout

AXISBANK Weekly Consolidating.......AXISBANK has consolidated at current level for 9 weeks in the past, currently it has consolidated for 6 weeks. breakout is possible in the next 3 weeks. if it encounters unexpected down move, 530-550 range could be a support. it took support at 50EMA and closed above 20EMA on daily scale. 630 has been key resistance on monthly scale too. 637 has been resistance for weekly scale. breakout on side can take this upto 730 levels. Weekly RSI is above 60, indicating bullishness. Double top has formed at 637 level on daily chart Stock is consolidating at higher levels. so potential breakout. Have this stock on watchlist for consolidation breakout.
NSE:AXISBANK
by VijayBabuA
Tcs - Let's Play MomentumTcs has been silent for quite some time now. Reason was Banknifty pumping up. Now bank nifty is halting so some other sector has to go up if nifty needs to go and sustain above 13150 and at higher levels. Let me show the chart of IT index. As per the chart it is visible that NIFTY IT index is slowly and gradually picking some momentum. It has broke a triangle pattern and heading towards all time highs. So if Index will reach all time highs then major constituents will also perform. Another chart to understand price action:- In this chart we can clearly see that even in price action it has stopped making lower lows and has been testing levels of 2760 again and again. I have marked few rejection on the main chart to show that someone is pushing this stock up. Keep an eye folks. Cheers and Happy Trading. Disclaimer:- I am not SEBI registered. All the levels mentioned are for educational purposes. Trade with your own caution and with your own risk.
NSE:TCSLong
by LearnersParadise
2
Coromandel-Potential Box Breakout Another stock that has created a perfect box at the top. It has touched it's resistance 4-5 times already and even touched it's support multiple times but now it is sticking to higher levels and looking like soon the breakout is to happen. Target is as usual difference of the box which i have marked with green marking. I have already posted some charts in same pattern. Look at them for the movement tracking that what happens when this kind of box is formed. Kuch log dekh ke kehte honge kya ek hi type ki chiz baar baar post karta rehta hai. But remember agar ek chiz pata ho aur acche se pata ho to wo akela more than enough hai stock market mein paise banane ke liye. Cheers and Happy Trading Ladies and Gentleman.
NSE:COROMANDELLong
by LearnersParadise
12
Bajaj Auto- Long Term Breakout(Investment Option)Bajaj Auto is one of the renowned names in 2 wheelers segment. If we look at this chart which is weekly it is showing that it has been in a consolidating phase since last Oct 2017 which is more than 3 years of consolidation. Now it is trying to go out from the consolidation zone. It has tested its resistance already for 4-5 times. Even in Monthly chart signs of consolidation and breaking out is visible. Monthly Chart:- Rectangle marked near resistance is showing that stock is now sticking to higher levels. look at daily chart as well. Anything unusual? I will say yes because price is now not even able to come down 200 ema and sticking at higher levels. Finally the Target part. Target of the consolidation breakout is usually the difference of the consolidation. Don't forget to check the volumes which is being generated even at higher levels. What was the last time when we saw these kind of unusual volumes? (I have marked already). Keep an folks. Happy Trading and Cheers.
NSE:BAJAJ_AUTOLong
by LearnersParadise
10
ALEMBIC Ltd: Trying to break out of consolidation patternALEMBIC Ltd: Trying to break out of consolidation pattern with a spike in volumes. Momentum pick. Levels are plotted on the chart. Please follow the rules. Happy trading folks “Past performance is the best predictor of success.” – Jim Simons Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
NSE:ALEMBICLTDLong
by rajesh066060
Raymond- Another Breakout to watchout for.This stock has been consolidating since long long long longgggggg time. Interestingly even when nifty regained itself at top but this stock is still fishing at bottom so question is why this stock suddenly? Let me show you something in weekly chart. Just look at those goddamn volumes which is being generated right now. In whole chart of weekly we can hardly see these much of volumes consistently. So my question is same:- Who is buying all those quantities? You? Me? Someone Hidden? Along with this look at daily chart now. It has already Tested resistance level of 340 multiple times. All the swing Lows are making Higher Lows. Very surprisingly 200 EMA also exactly at 340 Levels. Slope of 200 Ema is now changing from downward to flat. Keep an eye Ladies and gentleman. Cheers and Happy Trading. Hope it helped.
NSE:RAYMONDLong
by LearnersParadise
9
Ratnamani- Trendline Breakout With ConsolidationThis stock is breaking a trendline which it has already tested thrice. And most important thing to consider is this is the first time it closed above 1330 and that is with the closing near it's high. Some other points to consider is:- 1) Consolidated before breakout for good 4-5 weeks. 2) Volume was gaining while consolidating. 3) Today's Closing with high volume shows some good interest of buyers. Weekly chart for the reference:- I hope it will help someone in the community to understand. Keep an eye ladies and gentleman. Cheers and Happy Trading.
NSE:RATNAMANI
by LearnersParadise
2