MCDOWELL_N | Breakout after 7 years of consolidationMCDOWELL_N | Breakout after 7 years of consolidation
CMP : 827 (Dip : 800)
SL : 700
Target : 1400
Might need to hold atleast for 10-15 months.
Consolidation
SAGAR CEMENT looks good PositionallyChart Structure:
- Price broke out of a Darvas Box Consolidation on May Mid.
- After little consolidation, it again went up to All-Time-High range & consolidated again for a bit.
- Price broke an All-time-high and rallied again.
- Since Darvas Breakout, the stock rallied around 88%
- Post Rally, the stock has been consolidating again and took a 14% breather only.
Sectoral Performance:
- CNXINFRA has been outperforming Nifty in 1Y, 6M, 3M & 1M timeframes.
- In all the above timeframes, the stock is outperforming its Sector as well as Nifty50.
- The S&P Reality Index has broken out of its Range on 22nd September and rallying up along with the stocks.
- The current push in the Realty sector will also bring Sectoral Tailwinds for the stock.
Relative Strength:
- After becoming RS+ on 10th June (with the new ARS Date) the relative strength has significantly improved.
- The outperformance went up to 11th August, till the stock rallied and came down a bit.
- During the consolidation phase, the spread performance came down under 50MA.
- Yesterday, the spread value has crossed 21-MA, and again will try to cross over 50-spread MA.
- Public & Pro values have also seen positive crossover on 17th September.
Volume & Deliveries:
- Huge Accumulation was done on 15th & 16th June with 4.79 lac shares delivered (2.39 lac/day) while Avg. before was 17.2k shares per day.
- The POC of Rally between 20th July to 4th Aug is around Rs. 272/-
- Post Rally, 12.56 lac shares delivered with Avg. 2.51 lac shares per day just before dry volume consolidation.
- Between 20th July & 25th August for 24 sessions, the Last 30 minutes Volumes had significantly increased compared to other days. (This suggest Big Hands Buying)
- During consolidation the price tried to breach POC levels of 272/- 5 times, but every time good buying (Session) volume was witnessed, keeping the price above POC.
- Link for Volume Study -
Financial Performance:
- June Quarterly numbers were mostly flat with a slight decline in Sales.
- Sales Growth - QoQ: -6% / YoY: 49%
- PBT Growth - QoQ: 3% / YoY: 40%
- PAT Growth - QoQ: 2% / YoY: 42%
Consolidation Behaviour:
- From 24th August, the stock price is consolidating on a thin Range of 9.5% between 266.10 & 295.00 in 22 sessions.
- Price has been consolidating now above 50-MA for the last 10 sessions.
- This consolidation has seen 7 Blast-off Candles in Day TF & 2 Weekly Blast-off Candles.
- This behavior of Blast-offs has been seen 3 times during consolidation before 25%, 30% & 37% up move.
- The 21-day Average of Absolute value (Open-Close) during consolidation is Positive (43.70)
- The 14-day Average of Absolute value (Open-Close) during consolidation is also Positive (25.35)
- Both Absolute Value Averages suggest buyers are having the upper hand during the consolidation.
A good stock to study further & keep an eye upon.
Levels for - 27 Sep 2021EXPLANATION : This is a 2 hour time frame chart of HINDUNILVR . It has been in consolidate for days , If give a any side of breakout I'm expecting big move in HINDUNILVR . Down side levels marked in chart , for Up side levels use Fib Retracement .
If you like this analysis of Stock give a Like // Follow for more updates , let me know in comments below :)
CIPLA TRADE SETUP FOR TOMORROWCIPLA share has already given the breakout today, the stock crossed 967 and closed to 969.
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As you see in the chart, share is consolidating from the starting of the September.
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Now the time has come, share is already given the breakout, you can buy this share at the level of 971.
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Our short term target is 990.
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What's your view on this comment below in the box.
MANAPPURAM FINANCE TRADE SETUP FOR TOMORROWAs we already told you in the previous charts, once it break 170 level.
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We can see the upward momentum, so the stock has given breakout.
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You can make a position in MANAPPURAM FINANCE above 174.
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Our short term target is 185-190.
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What's your view on this comment below in the box.
Mentorship InstaView 22 Sept’21: Not Losing is a Gain
Nifty View: A flat close from the benchmark Nifty index in today’s session, up just 7 points to close at 17,567. Because we had a 175 point rally the day before, such low volume low-ranged trading session is not a surprise. We should look at today’s session as more of a consolidation and show of strength as it did not retrace from its recent gains. A move above today’s high will very likely infuse fresh buying impetus. Watch the video for a much detailed index and sectoral analysis.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
MANAPPURAM | Breakout from small range - Potential for 25%MANAPPURAM | Breakout from small range - Potential for 25%
CMP : 171
SL : 160
Target : 215
Almost 1:5 risk reward setup
UNITED BREWERIES (UBL) TRADE SETUP FOR TOMORROWUBL share is near to breakout, stock is consolidating from 1st September between 1570-1600.
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Stock get rejected four times from the level of 1600.
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So if stock is giving the BREAKOUT you can make a position once it cross 1607.
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Our Target is 1640, once it cross 1640 we can see more upward momentum.
TECH MAHINDRA TRADE SETUP FOR TOMORROWTech Mahindra Share consolidating after a good upward momentum.
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We can see the continue upward momentum once it cross 1480,
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Our short term target is 1520.
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What's your view on this comment below in the box.
HINDUNILVR TRADE SETUP FOR TOMORROWHindustaan Unilever Share is near to BREAKOUT.
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As you see in the chart, stock is consolidating near the 2800 level, once it cross the level.
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We can see the good upward momentum.
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Safe Trader can buy at 2803 level.
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What's your view on this comment below in the box
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Te le gram cha nn el : itstock0
M_MFIN | Bottoming out with RSI divergence in lower time frameM_MFIN | Bottoming out with RSI divergence in lower time frame
RSI divergence in smaller time frame (1 hour, 30 min's)
CMP : 154
SL : 149
Target : 188
1:7+ risk reward setup for 22%
Reliance Getting Ready for next rallyBuy Reliance when Daily Closes above 2480
Stop Loss Closing below 2350 on Daily Closing Basis
and low break with 5% Buffer
TGT Open and Book P&L when it daily closes below 20 SMA
and break low with 5% buffer
Techm Is Taking Rest to Fly AboveAFter aa Bull Run ..Techm is taking Rest to Fly Further ... So AFter Consolidation good to Buy
ROSSARI : Huge Breakout with Volume!!NSE:ROSSARI has broken out after long consolidation. The breakout is supported by good volume. Stock has taken continuous support from the trendline and has also provided an ascending triangle breakout. Do not chase breakout wait for the stock to retrace to some extent before entering the trade.
DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper risk management before taking your trade. Cheers! Happy Trading!
GALAXYSURF : Darvas box and resistance breakout with Huge VolumeGALAXY has broken out after more than 10 weeks of consolidation! Breakout is support by a good amount of volume. Wait for the price to retrace before entering into trade. This idea is for education purpose and please do your own analysis before you take up any trade. Please don't forget to follow position sizing and risk management. Cheers ! Happy Trading
Mentorship InstaView 14 Sept’21: Stuck … Time to be Careful
Nifty View: Range bound price behavior continues for the benchmark Nifty index. At a close of 17,385, the index slipped a bit, from its intraday high to manage a small gain of just 25 points. It is now six trading sessions that the index has stayed range bound which is nothing but a sign of consolidation after the recent rally. The underlying trend is very much UP and resilient and any correction, if at all, should be first looked upon as a buying opportunity.
Watch the video for a more detailed analysis.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
INTERGLOBE AVIATIO (swing)INDIGO looks bullish, has been in a consolidation for a long time, it broke darvis box, now trading above major resistances looks good for a positional trade, entry 1965, stop loss 1746, first target 2294
INDIGO | 9 Months consolidation breakout and retesting - 35%INDIGO | 9 Months consolidation breakout and retesting - Potential for 25% - 35%(Weekly TF chart)
CMP : 1920
SL : 1800
Target : 2600
Almost 1:4 risk reward setup
Kotak Bank Trade Setup Near BreakoutKotak Bank is consolidating from April so now it near to breakout.
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Kotak Bank can give the breakout on tomorrow if stock goes above 1823, then you can make a fresh entry.
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Target is 1900-200, as per your comfort.
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What's your view on this comment below in the box.
SBIN CONSOLIDATING IN A RANGESBIN is consolidating in a range from last 3-4 trading sessions ,psubanks sector is looking bullish can give a good breakout. Trade according to your analysis and risks.
#BZRX may breakout either side#BZRX/USDT 15 mins TF Consolidation is happening, may breakout either side.
Look for break resistance for Long opportunity followed by retest after breakout for a safe entry.
HCLTECH | Breakout after 7 months range - Looks good for 18%HCLTECH | Breakout after 7 months range - Looks good for 18%
CMP : 1068
SL : 1000
Target : Open or 1:3 minimum
1:3 risk reward setup
(Profit potential calculated based on consolidation range)
ConsolidationM_Mfin
After a long consolidation M_Mfinance showing trendline breakout with the momentum. We can go long from demand zone. Wait till the retest and we can get a good target with small stoploss.
