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Consolidation-breakout

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
Mold-Tek Technologies 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 30 (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 May 2022, NSE:MOLDTECH has given a breakout today. Buy with a stop just below ₹109. (One can use the low of the previous bar/supertrend indicator/fixed percentage from the buy price as stop loss also) Strengths: - 1. Quarterly sales growth is at 48% and quarterly profit growth is at 87% 2. Debt to equity at 0.08 (less than 1 is good), Interest Coverage at 49.6 (greater than 3 is good), Current Ratio at 3.81 (greater than 1.5 is good), FCF to CFO at 73.6% 3. Promoter holding has increased from 47.83% to 48.36% over the last quarter and FIl holding has increased from 0.01% to 0.17% over the last quarter 4. The company has been maintaining a healthy dividend payout of 45.9% Weaknesses: - 1. The company has delivered a poor sales growth of 8.76% over the past five years 2. Debtor days are high at 81 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:MOLDTECHLong
by akashbothra
VIJAYA - Bullish Consolidation BreakoutNSE: VIJAYA is closing with a strong bullish consolidation breakout candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:VIJAYALong
by BrahmaBull31
Chembond Chemicals 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 30 (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 October 2021, NSE:CHEMBOND has given a breakout today. Buy with a stop just below ₹238. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also) Strengths: - 1. Quarterly sales growth is at 31% and quarterly profit growth is at 62% 2. Debt to equity at 0.02 (less than 1 is good), Interest Coverage at 25.2 (greater than 3 is good), Current Ratio at 3.13 (greater than 1.5 is good) 3. Debtor days have decreased from 111 to 94 4. Promoter holding has increased by 1.21% over the last quarter 5. Company has been maintaining a healthy dividend payout of 69% 6. Stock is trading at 1.20 times its book value Weaknesses: - 1. The company has delivered a poor sales growth of 3.74% over the past five years 2. Company has a low return on equity of 4.27% over the last 3 years 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:CHEMBONDLong
by akashbothra
RALLIS - Bullish BreakoutNSE: RALLIS is closing with a strong bullish breakout candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:RALLISLong
by BrahmaBull31
Revathi Equipment 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 30 (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 April 2017, NSE:REVATHI has given a breakout on 18th November 2022. Buy with a stop just below ₹975. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also) Strengths: - 1. TTM Sales growth is at 60%, TTM Profit growth is at 333%, quarterly sales growth is at 138% and quarterly profit growth is at 153% 2. Debt to equity at 0.15(less than 1 is good), Interest Coverage at 5.17(greater than 3 is good), Current Ratio at 1.81(greater than 1.5 is good), FCF to CFO at 82% 3. Debtor days have decreased from 144 to 81 4. FII stake increased from 0.00 to 0.03 in Sep'22 Weaknesses: - 1. The company has delivered a poor sales growth of -2.77% over past five years. 2. Company has a low return on equity of 5.37% over last 3 years 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.
RLong
by akashbothra
KENNAMET - Bullish Consolidation BreakoutNSE: KENNAMET is closing with a strong bullish candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days and moving along the trendline which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
KLong
by BrahmaBull31
BSL Ltd 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 30 (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 April 2022, NSE:BSL has given a breakout today. Buy with a stop just below ₹144. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also) Strengths: - 1. on 21st October, credit rating agency Brickwork Ratings has said in its credit rating report, "Brickwork Ratings (BWR) has reaffirmed the long-term rating at BWR BBB+ and the short-term rating reaffirmed at BWR A2 for the bank loan facilities of BSL Limited (BSL or the company). The rating reaffirmation continues to factor in the extensive experience of the management, established position of the company as an integrated textile player in India on account of being part of LNJ Bhilwara group, established brand in domestic and exports market, improved scale of operations and decent order book position, comfortable debt protection metrics, besides improved profit margins in FY22.(please go through the credit rating report for better understanding) 2. The co markets its products under the brands BSL Suitings, Linfab, Belfast and Geoffrey Hammonds. The domestic business is being completely revamped with the introduction of a new direct to retail brand ‘Geoffrey Hammonds - INSIGNIA’. The existing two brands named Geoffrey Hammonds & BSL are also being revamped with extensive expansion of network. 3. During FY22, the co plans to modernize its PV Spinning Division by replacing old imported Ring Frames with new generation of LMW Ring Frames. It also plans to make the Vortex Spinning division more versatile. It is also proposed to add some Modernizing Machines in the Spinning & Processing Division. Weaknesses: - 1. The company has delivered a poor sales growth of -0.18% over past five years 2. Company has a low return on equity of 6.08% over last 3 years 3. Debtor days are high at 75 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:BSLLong
by akashbothra
MANAPPURAM - Consolidation BreakoutNSE: MANAPPURAM is closing with a strong bullish candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days and moving along the trendline which is indicating demand. One can look for a 8% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:MANAPPURAMLong
by BrahmaBull31