Mahindra & Mahindra Finance - Bullish Consolidation with VolumesNSE: M_MFIN is closing with a 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 moving along the horizontal support for the past few days 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.
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Consolidation
FINEORG - Bullish Consolidation BreakoutNSE: FINEORG is closing with a 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 moving along the horizontal support for the past few days 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.
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Consolidation Over for DONEAR1. 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
After a consolidation of nearly 8 months NSE:DONEAR is showing signs of a new up move, buy with a stop at ₹100.
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.
GMMPfaudler- Big move on the cards?GMMPfaudler was on my watchlist from past couple of months because of its beautiful consolidation after a fall.
Recently, the company has announced good Q1 results due to which a breakout was seen in the stock. It was followed by some profit booking.
On friday, the stock gave a gap down opening due to news(GMM selling stake in the stock) followed by a huge buying momentum.
It seems like the gap down was a SL hunting move for the breakout buyers.
The chart is looking very strong at CMP for minimum target of 1750 and 1970. SL can be below 1400 DCB which is a strong demand zone.
However, since its a news based stock, the risk associated is higher.
Please note that I am sharing this idea only for educational purposes.
One can study and observe the chart as it could be a very beautiful example of how a big move is always preceded by SL hunting.
GIPCL will it finally break its consolidation GIPCL has been consolidating in a price range of 105-70 for almost 2 years now. Right now the price is nicely stabilizing near the supply range which is getting supported by good volume it looks like the supply is getting absorbed now and its ready to finally breach the resistance. Stop loss can be placed @ 90. This is a positional pick.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
Consolidation in HeritageFood - Hourly Time FrameThe stock of HERITAGEFOOD is currently consolidating within a 1-hour timeframe. There is potential for a breakout in either direction. This situation presents a trading opportunity. The long-side target is at 275.8, with a stop loss set at the middle of the range, which is 249. On the short side, the target is 226.55, and the stop loss remains the same at 249. This configuration results in a risk-reward ratio of approximately 2.7 on both sides.
EIH Bullish Bias 40% Upside PossibleSoon to be a blockbuster Stock
Consolidation was happening and the moment it went down from 200day EMA it pulled back
The Steam is still pending
Anchored VWAP also indicating a stop loss of 185s
Aim to buy when the stock pauses
It has a typical behavior of pausing after an upmove
Flag Pattern Potential 35 to 40% upside
Wipro Consolidation Phase Conditional BuyThe stock has been consolidating for a while and the RSI is moving up on a weekly time frame
If you look at the Support levels its hovering around 200day EMA
Aim for Buying either breaking out of the box range or retesting those levels again
Target 1 520
Target 2 626
Stop Loss 350s
Latent view can be a potent multibagger!Latent view was one of the highest rated stock during its IPO listing which had got 300x subscription. The overhyped IPO market of 2021 has trapped many investors in multiple stocks including Latent view.
However, we can see some positive bounce in the stock from the demand zone of 310-320 after a major consolidation near the same.
A short term trendline breakout is also visible. The stock can be added on dips at 355, 344 with a SL of below 310 WCB for minimum target of 430.
My observation of the stock is that The consolidation structure is similar to Happiest minds which has given multibagger returns after consolidation breakout. Can we see the same in this stock? only time can tell!
Idea is shared for educational purposes only and should not be considered as a recommendation.
Huge breakout in Morganite crucible.Hello Smart traders Hope you are doing exceptionally well in you Trading journey.
This time we will discuss about another beautiful breakout stock Morganite Crucible (India) Ltd.
Technical-
Morganite Crucible (India) Ltd has shown a rectangle channel pattern breakout. It spent six years in a consolidating phase. During this time, it consistently tested its resistance level, moving back to its strong support. Recently, it retested its resistance once again, undergoing a pullback. However, this time, it found support at its pivot point, resulting in a significant bullish candle that broke through the resistance with strong momentum and higher volume. We can anticipate a higher returns as consolidation phase was really long.
Entry and Stop-loss level.
Currently, the stock is trading above the trend line and maintaining its bullish trend. If this upward movement continues and remains above the line, particularly beyond the R2 level at 1246, it could be a favorable time to consider investing in this stock. To manage risk, setting a stop loss just below the R1 level, around 1130, is recommended.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Please note I am not SEBI registered. Do your own research before investing.
Prince Pipes Turning Around1. 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
After a long consolidation NSE:PRINCEPIPE is showing signs of upward movement, buy with a stop at ₹620.
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.
KIRLOSKAR OIL Trendline Break1. 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
After a mild pullback NSE:KIRLOSENG is trying to resume its uptrend, one can buy the share with a stop at ₹386.50
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.
TECH MAHINDRA | BREAKOUT🚀🚀🚀SWING TRADE OPPORTUNITY
Stock has corrected last year by approx 50% from its high, and then consolidating from last year. Stock clearly gives breakout of this consolidation to give some good upward move.
It is constantly taking supports from moving averages.
Note: All IT stocks like infosys, TCS, etc seem to be giving new breakouts, looks like new uptrend has just started in this sector.
BTC/USD trade in consolidation zoneHowdy Traders,
We can see that Bitcoin has been trading in a range for several days. This means that the buyer and seller are satisfied within this range. Bitcoin tried to break this range but failed and it was a fake breakout and many buyers were trapped in this breakout.
Looking at this fake breakout, I feel that the market may go down a bit.
Target: 30961, 30800, and more,
Thank You,
Money_Dictators
You would not want to miss this pattern in Persistent!Persistent systems has been in strong bull run from 2020 to end of 2021.
Since 2021, the stock is consolidating and has formed a beautiful inverted head and shoulder consolidation as a flag of flag pole pattern
The stock might start a new uptrend above 5000. However, buying at top in such volatile market is risky.
Kindly trade as per your own analysis.
BERGER PAINTS | Breakdown Or FakeoutAfter a good upside rally as can be seen in the chart, 'Berger Paints' went into a consolidation phase.
today it has broken the consolidation zone and also has changed the trend in the smaller time frame.
Now we can keep it on the radar for the coming days so we can see if this is a breakdown which is more likely to happen or a fakeout to trap sellers.
both side opportunities can be grabbed this week.
Keep in the watchlist.