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Consolidation-breakout

EXIDEIND - CHART SPEAKSPRICE HAS REACHED THE IMMEDIATE RESISTANCE, IF IT BREAKS, THERE IS GOOD CHANCE THAT THE BULLISH MOMENTUM WILL CONTINUE. BUT SINCE AUTO SECTOR IS WEAK SINCE THEIR WAS A HUGE MOMENTUM IN THE PAST COUPLE OF DAYS, MAYBE THE STOCK WILL HAVE A CORRECTION. BUT USE THAT TOO AS A BUYING OPPERTUNITY AS "BUY AT DIPS" IS THE STRATEGY WHICH SHOULD BE FOLLOWED NOW. IF YOU HAVE READ THE ABOVE STATEMENT, YOU HAVE SUCCESSFULLY BECAME MORE AWARE OF THE MARKET SINCE MOST DO NOT READ THESE STATEMENTS (AS THEY ARE SO BIG) BEWARE OF FALSE BREAKOUTS Look at the charts and make an informed decision. Thank You Happy Trading Beware of risk involved in stock market and this is for educational purpose only.
NSE:EXIDEIND
by FAHEEMSAM
Supreme Ind- Multi Year BreakoutThis stock has tested this high thrice already before and as mentioned Chart is of WEEKLY timeframe. Since Jan 2018 this stock is testing this level and returning back but as concept of resistance tells us that once a level is being tested again and again it starts becoming weak combining it with its halt near breakout gives this stock a better scenario and probability of success also increases. So sooner or later once this will break and close above 1430 it should be ready for a good move. Keep an eye folks.Happy Trading. Disclaimer : Please trade with your own risk and trade with caution.
NSE:SUPREMEINDLong
by LearnersParadise
5
AMARAJABAT - SYMMETRICAL TRIANGLEThis chart shows the consolidation of AMARAJABAT since the start of this month (august). So we expect either an up or downward move one it breaks the pattern. Wait for the breakout. Confirm it is clear breakout with volume . Buy with the help of technical indicators like macd , moving average, pivot points etc Or you could wait for a retracement and buy at retracement (if it happens) Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation. Trade at your own risk.
A
by FAHEEMSAM
2
Airtel Flag Formation [Explosive Breakout Due]Bharti Airtel has been in consolidation mode for weeks now, the big players are accumulating their long positions. Currently we're at the lower end of the flag channel ~560 Since we don't know how much longer it'll take for the upmove, we can use a BullPut Spread meantime to chow on Premium. A very strong support is present at 530 SELL AUG 550PE BUY AUG 530PE Max Profit : 16000 Max Loss : 20000 Major Brokerages have a BUY rating on Airtel with Short Term Targets ranging from 650-700. This is a great buy at current price levels for 2-3Yr Horizon
NSE:BHARTIARTLLong
by thewayofknowing
1