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Consolidation-breakout

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.
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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
BANK NIFTY ANALYSISThe upper and lower trend lines on the 30 min chart are narrowing for BankNifty. Last week we saw that the range was very tight for the market and it proved to be a good consolidation period for the market, after the post-COVID volatility. The price right now is at the lower end of the trend, and may see a move towards 23,000 again. This has proved to be a very strong resistance and the prices reversed sharply from those levels. If the retest fails, and the price moves lower, we may see 22,150-22,250 towards the end of the week. If 23,000 is broken, the price may move toward the upper trend line and approach levels of 23,400-23,500. Financials have been very weak and the stocks have under-performed in the past couple of weeks. With only a few stocks like the HDFC twins making significant gains. IMPORTANT LEVELS: Support: 22,30 Resistance: 22,750. Like and Follow if you found this analysis helpful. :)
NSE:BANKNIFTY
by ArcherDAVIS
Ashok Leyland - Imminent breakoutThe stock has seen a nearly 10 day consolidation and has reversed to 38.2% from the previous high. On the weekly chart, there is a nice double bottom and indicators have turned positive. Other indicators like MACD and Ichimoku are also bullish.Currently the stock is at a resistance level. Market Facilitation index is also confirming a trend reversal. Any break above Friday's high of 54.9 is a good place to go long with a target of 64 and a stop of 51
NSE:ASHOKLEYLong
by s.arun.natesh
Infy | Breaks out of ConsolidationInfosys has broken out of a long consolidation range and further we could look at a trendline resistance cracked. Daily candles have been solid for past couple of days. Noticeably, breakout candle had massive volume. These factors advocate strong bullish bias. Potential magnitude of upward movement can be derived from the depth of the consolidation which suggests a 72 pts move towards north i.e. to 844. Though the stock will most likely hit 840 region, it will not be without minor corrections. Even round number 800 could be a point of such a pull back. Hence longs are advised to have trailing stop loss. If trailing stops are hit, further longs can be initiated if the previous highs are broken in lower time frames, say Hourly or 4 Hour chart. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:INFYLong
by AkhilSuryaFS