Get started

Consolidation-breakout

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
This auto ancillary stock has broken out of consolidation!NSE:GNA GNA Axles is an established company in the automobile component space with wide variety of products for the 4-wheeler auto industry. Total revenue, net profit and earnings have been growing impressively for this company in last 12 months. EBITDA and Net margins are also on the growth trajectory. Promoter holding pattern is healthy, albeit with a little bit of pledging <~5%. On the leverage front, debt to equity ratio is good with more than sufficient interest coverage. Price hit a 52-week high breaking out of a consolidation base with heavy volumes. Relative to the benchmark index, price is showing good strength and in an uptrend. Source: tickertape.in, screener.in 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:GNALong
by UnknownUnicorn23435789
AUTOAXLES - Breakout --> Consolidation --> Another BreakoutThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:AUTOAXLESLong
by TradewithAditya
Confidence Petroleum Breakout1. 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 RSI close below 45 (if you are a short-term trader) or RSI close below 30 (if you are a long-term investor (or use any other method of your liking) 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 After a consolidation since January 2022, NSE:CONFIPET has given a breakout today. Buy with a stop just below ₹74. (One can use the low of the previous bar/supertrend indicator/fixed percentage from the buy price as stop loss also) Strengths: - 1. Debt to equity at 0.25 (less than 1 is good), Interest Coverage at 7.55 (greater than 3 is good), Current Ratio at 2.49 (greater than 1.5 is good) 2. Debtor days have improved from 23.7 to 17.4 days 3. Promoter holding is continuously increasing since Dec'19 Weaknesses: - 1. Company has a low return on equity of 12.6% over last 3 years 2. Promoters have pledged 30.6% of their holding 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.
NSE:CONFIPETLong
by akashbothra
Closely watching HDFC BANKNSE:HDFCBANK From this weekly chart of HDFC Bank we could see how the stock has been consolidating within the tight range of 1590 - 1650( yellow lines) The stock is just 6% - 7% away from its all-time high. So I will be watching this tight range ( expecting a breakout) considering support for bank nifty at the 42850 - 42700 level. Apart from technical aspects, it is important to closely watch the monetary policy for tomorrow. The market expects a 25 - 35 points hike. *Analysis is completely for educational purposes and not any kind of stock recommendation.
NSE:HDFCBANKLong
by RamRaju61968