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Consolidation-breakout

Seshasayee Paper ready for upmove1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price) 4. Sell on initial Stop Loss hit or RSI close below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop NSE:SESHAPAPER has given a breakout today with high volume. It's a buy with a stop at ₹269. Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
BSE:SESHAPAPERLong
by akashbothra
Nifty AnalysisIn this assessment I will try to answer a few questions: 1️⃣where is the market trading? It is trading near its all-time high 18887.60 2️⃣How it is behaving near this resistance? 🚩It reacted sharply from near the resistance level but took support near a previous swing low of 18670. 🚩Then it rallied even much sharper back to the resistance and this time the reactions have been not that strong. 🚩It seems consolidating/absorbing whatever supply is left near the highs. 3️⃣Is there any pattern or range that can be traded? 🚩Yes, there is a triangle pattern formation as shown in the chart. It is probably best to buy near the lower edge and wait for an up move. 🚩There could also be a range formation in which market can oscillate for a while. This range is between 18780 (an important support-resistance level) and 18875-18900. 4️⃣Is there any chance of massive crack from all-time highs? 🚩At this point of time I don’t see any indication of a fall. As I said that the reactions are getting smaller, and price is hugging the resistance zone. There are higher chances of a breakout in the direction of primary trend on the weekly timeframe (see chart on the right). 5️⃣What should be the trailing SL to protect gains in the market? 🚩The swing low of 18660 could be a good stop loss to protect or lock the gains (if any) in the markets. Do like🚀 share 🔊 or comment 📃 for more such ideas in future. Disclaimer: The views shared above are not a trading or investment advice. You need to apply your due diligence before investing your capital.
NSE:NIFTY
by Bravetotrade
15
GESHIP - SWING TO SHORT TERM ENTRYGESHIP * Perfect Cup N Handle pattern Breakout * Best to enter near around 715-720 in retracement Financial trend Operating Profit To Interest (Q) Highest at 11.03 times Roce (HY) Highest at 20.80 % Debt-Equity Ratio (HY) Lowest at 0.36 times Pbdit (Q) Highest at Rs 847.04 cr. Operating Profit To Net Sales (Q) Highest at 58.18% Pbt Less Oi (Q) Highest at Rs 602.76 cr. Pat (Q) At Rs 721.94 cr has Grown at 41.4 % A Cash And Cash Equivalents (HV) Highest at Rs 3,799.35 cr 1 Net sales (Q) Highest at Rs 1,455.98 Cr
NSE:GESHIPLong
by YASHSINCE1995
2
Trade Idea on Ambuja Cement with Price action notes In the above chart, the price action goes like this. 1) 50-60% Fibo retracement zone - Stock after a substantial fall getting lots and lots of demand from this zone 2) Its fibo retracement - Used from a swing low to swing High 3) Its called a counter trendline - stock currently getting demand on the extended CT, as a result of breakout and bigger time frame retest 4) It's called a trendline, made from a swing low point to another swing low, extended forward, giving a demand zone 5) Its called a Confluence zone, Candlestick pattern is bullish pressure, lower wick multiple rejection on W time frame and cluster of many other demand areas 6) 3 Yellow lines are potential Target zones from CMP.
NSE:AMBUJACEMLong
by Averoy_Apoorv_Analysis
6
This IT service provider may breakout of big accumulation phase!This IT service provider may breakout of big accumulation phase! NSE:DATAMATICS • Datamatics Global Services is a provider of IT, BPO, and consulting services, and has demonstrated strong profitability and efficiency. • The company's current stock price is below its intrinsic value, making it a potentially attractive investment opportunity. • The stock is not overbought, indicating that it may be a good time to consider purchasing. • Datamatics Global Services is not included on the ASM or GSM lists, which can be a positive sign for investors. • There is minimal promoter holding pledged, suggesting a lower level of risk for potential investors. • Datamatics Global Services made more money this quarter than they did in the same quarter last year. The amount of money they made this quarter was 25.06% higher than what they made last year. • The company also earned more profit this quarter compared to the same quarter last year. Specifically, the profit they earned was 24.07% higher this year compared to last year. • Additionally, the company's earnings before interest, taxes, depreciation, and amortization (EBIDTA) for this quarter increased by 23.82% compared to the same quarter last year. This means that the company was more profitable in terms of its core operations this quarter compared to the same quarter last year. Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:DATAMATICS
by UnknownUnicorn23435789
Potential Range BreakoutAnother very simple technical analysis which works wonders in the markets. We have heard of BREAKOUTS. It could be upside or downside. It could be a breakout of any zone, consolidation, range, trendline, any indicator or anything. The Important thing is that a breakout BREAKS OFF an Important Level in the market. There can be many indications when there can be a potential breakout, out of which one is a simple CONSOLIDATION around the Zone. CONSOLIDATION is a PRICE ACTION which says that buyers and sellers are accumulating in a tight range and obviously one has to win after a tussle, so whosoever wins will take the price with him. Now in case of a Resistance or Support if the price is consolidating near its resistance and support and attracting to it multiple times (in this case the Price is going to its resistance 4th time), it becomes weak and it may mean that it is continuously trying to break that level . And if it fails to do so it will again come back into its range. ENTRY can be made at the same price i.e 1657 for aggressive trading or whenever it gives a closing out of the Consolidation zone in weekly candle. STOPLOSS - If it gives closing below the consolidation zone.(However Closing below this zone will also give an opportunity to go short) Reward/Profit - It can be projected by plotting the same price range upside the resistance as it was trading before. In this case it shows a target of Rupees 2000. **Market is a game of probability, No-one is 100% right here, no one needs to be, to become profitable. The ultimate goal is to make money and to trade taking only calculated losses.
NSE:HDFCBANK
by rohitbansal1212
1