Breakout Expectation, Swing Trade, COFORGEGood consolidation near resistance , showing strength of buyers and also 20 DMA aligning with Trend line. Strict SL can be followed and later it can be trailed.
Consolidation
COROMANDEL | Breakout after 135 days consolidationCOROMANDEL | Breakout after 135 days consolidation, simple channel breakout. Also looks Flag in weekly time frame.
Looks good for 18%
CMP : 845
SL : 790
Target : 980
P.S : Ideal to enter near 840 zone for better risk reward, hope to see some retracement in a couple of days.
Coromondal Internal Consolidation...it has been consolidating since Aug-2020 between 700-830 levels.
Stock has formed morning star pattern on daily basis at support trendline.
Stock has closed above 800 level on weekly scale.
it has given breakout on hourly chart at resistance trendline.
It is forming Higher lows on daily basis.
RSI is at 55 levels, bullishness intact.
breakout at 830 levels could bring 20% upside.
Track this stock for breakout.
AXISBANK Weekly Consolidating.......AXISBANK has consolidated at current level for 9 weeks in the past, currently it has consolidated for 6 weeks. breakout is possible in the next 3 weeks.
if it encounters unexpected down move, 530-550 range could be a support.
it took support at 50EMA and closed above 20EMA on daily scale.
630 has been key resistance on monthly scale too. 637 has been resistance for weekly scale. breakout on side can take this upto 730 levels.
Weekly RSI is above 60, indicating bullishness.
Double top has formed at 637 level on daily chart
Stock is consolidating at higher levels. so potential breakout.
Have this stock on watchlist for consolidation breakout.
HEIDELBERG Cement at Multiweek resistance -Weekly break for longNSE:HEIDELBERG Wait for Weekly breakout or else enter with pyramiding near lower trendlineSafe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
STERLITE Technologies consolidation support for upsideNSE:STLTECH Levels are mentioned in the chart...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
IBULHSGFIN Breakout!!! Huge Target upsidestock has given beautiful breakout after several weeks of consolidation
AVT Natural Product!!! Consolidation breakout 55-60+stock has given breakout and we recommended @51, today itself achieved 1st target and target of 60+ remains intact
BHARTI AIRTEL Consolidation!Bharti Airtel is consolidating in a zone. The no trade zone and targets for either side breakout is mentioned.
SEQUENT SCIENTIFIC entered uncharted territoryThe scrip SEQUENT SCIENTIFIC has been outperforming nifty and has given a break out after small consolidation.
Consider buying SEQUENT SCIENTIFIC for target of 200-205.'
Keep stop loss at around 150-152 on weekly closing basis.
***ideas are my own *** please take risk as per your risk appetite ***
HUL VIEW - POSITIONAL TRADE 🏁breakout after long consolidation
trend line breakout
buy for target 2550 +
stop 2200
disclaimer - trade @ own risk
TATASTEEL CONSOLIDATING 30MTATASTEEL is currently showing a correction. It is healthy to have a correction after a bullish rally & it offers more chances for the share price to go up. You can add TATASTEEL to your watchlist and monitor it. You can initiate a positional trade when it gives a breakout. Enter the trade after price crosses the high of the breakout candle and keep your SL on the nearest swing low. Risk management is the key so you should keep your SL in place & keep trailing your SL tightly to maximise your profits. Happy Trading!
BANK OF BARODA - GOOD BET FOR LONG TERM 80+We have already recommended this at 41 levels and still its good bet to go for long. one can even accumulate on dips, Improvement in earnings and fundamentals in the last few quarters. Do your own research before investing
Flag and Pole pattern in TATASTEELTATASTEEL has formed a flag and pole formation. It has the potential for a huge move on the upper side.
The pole was a move of almost 50%. Soon after breakout, it could give another move of 50% and test its all time high of around 900.
Could be a good buy and more quantity can be added on dips.
TATACHEM LOOKS GOOD ABOVE SUPPLY ZONETATACHEM HAS BEEN CONSOLIDATING IN A NARROW RANGE FOR A LONG PERIOD. LOOKS GOOD ONCE IT CLEARS THE SUPPY ZONE
INFOSYS (INFY) - SELLERS BECOMING WEAKNSE:INFY
AFTER A LONG RALLY ,PRICE STARTED TO CONSOLIDATE FROM MID OF OCTOBER
FORMED A TRIANGLE PATTERN,WITH STRONG SELLERS INITIALLY
PRICE DID NOT BREAK BELOW REF. POINT A, ALSO IT FORMED KIND OF HIGHER LOW FORMATION,INDICATING SELLERS ARE BECOMING WEAK
PRICE HAS TESTED RESISTANCE LEVEL 1148-1150 FOUR TIMES.
NEW RALLY MIGHT START ONCE PRICE BREAKS ABOVE RESISTANCE LEVEL WITH RELATIVELY HIGH VOLUME
Will it just go off the roof or will it contract further ?good long 14 weeks consolidation of 20 % depth.
It's a flat base as per Marketsmith India. if so, its definitely ready for BO.
quiet volume thr' out base and contraction in handle.
Pocket pivot before BO. Good sign.
Tcs - Let's Play MomentumTcs has been silent for quite some time now.
Reason was Banknifty pumping up. Now bank nifty is halting so some other sector has to go up if nifty needs to go and sustain above 13150 and at higher levels.
Let me show the chart of IT index.
As per the chart it is visible that NIFTY IT index is slowly and gradually picking some momentum. It has broke a triangle pattern and heading towards all time highs. So if Index will reach all time highs then major constituents will also perform.
Another chart to understand price action:-
In this chart we can clearly see that even in price action it has stopped making lower lows and has been testing levels of 2760 again and again.
I have marked few rejection on the main chart to show that someone is pushing this stock up.
Keep an eye folks. Cheers and Happy Trading.
Disclaimer:- I am not SEBI registered. All the levels mentioned are for educational purposes. Trade with your own caution and with your own risk.
Coromandel-Potential Box Breakout Another stock that has created a perfect box at the top. It has touched it's resistance 4-5 times already and even touched it's support multiple times but now it is sticking to higher levels and looking like soon the breakout is to happen.
Target is as usual difference of the box which i have marked with green marking.
I have already posted some charts in same pattern. Look at them for the movement tracking that what happens when this kind of box is formed.
Kuch log dekh ke kehte honge kya ek hi type ki chiz baar baar post karta rehta hai.
But remember agar ek chiz pata ho aur acche se pata ho to wo akela more than enough hai stock market mein paise banane ke liye.
Cheers and Happy Trading Ladies and Gentleman.
Bajaj Auto- Long Term Breakout(Investment Option)Bajaj Auto is one of the renowned names in 2 wheelers segment.
If we look at this chart which is weekly it is showing that it has been in a consolidating phase since last Oct 2017 which is more than 3 years of consolidation. Now it is trying to go out from the consolidation zone. It has tested its resistance already for 4-5 times.
Even in Monthly chart signs of consolidation and breaking out is visible.
Monthly Chart:-
Rectangle marked near resistance is showing that stock is now sticking to higher levels.
look at daily chart as well.
Anything unusual?
I will say yes because price is now not even able to come down 200 ema and sticking at higher levels.
Finally the Target part. Target of the consolidation breakout is usually the difference of the consolidation.
Don't forget to check the volumes which is being generated even at higher levels. What was the last time when we saw these kind of unusual volumes? (I have marked already).
Keep an folks. Happy Trading and Cheers.
