Symmetrical triangle idea explained for 12 July markets I daily make educational content videos for swing / positional trading
Consolidation
SCI - 3 Months Downtrend Breakout Shipping Corporation of India Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Downtrend since (February, 2024). Now It has given a Downtrend breakout & Closed with good bullish momentum candle & with good volume in weekly Time Frame.
3) The next resistance would be It's previous Life Time High (290.75 - 10.75% from the price 262.50).
5) Recommendation - Strong Buy
1 Amazing positional trading idea for July Month I daily make educational content videos for swing / positional trading
CHENNPETRO on breakoutCHENNPETRO coming out of consolidation with volume breakout. upside 15-18% possible
4 Weekly breakout stock ideas for 8 July markets I daily make educational content videos for swing / positional trading
DMart-Is the breakout for ATH done?Dmart has been consolidating in an ascending triangle pattern since it had tested its strong demand zone of 3200-3300.
Stock managed to give a weekly closing above the resistance of 4200.
It is a high risk, high growth stock, so trade accordingly. Valuation at current price is not good for investing.
Stock can touch ATH if we see a bullish market again.
Thyrocare , long viewMore than six months of consolidation, base conformation, expecting a breakout. Healthcare sector has given breakout. Long trade can be initiated.
EPL-Do not miss this consolidation breakout!Essel Propack Ltd(EPL) is sector leader stock among packaging sector and looks like a breakout of triangular consolidation is done.
We can expect a quick move above 240 but today, stock has shown good volumes as well.
This is a relatively slow stock and hence, can test your patience.
But, the risk reward is very good and stock provides a dividend yield of around 2% at CMP.
Positional traders should keep this stock in watchlist.
MAXESTATES - 1 Month Consolidation Breakout Max Estates Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (May, 2024). Now It has given consolidation breakout & Closed at It's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock will find It's next resistance around the price (490 - 18.95% from the price 411.95).
4) Recommendation - Strong Buy .
IEXI'm not a SEBI registered analyst, Views are personal, not any buy or sell recommendations.
Today i found IEX ,which has given breakout in Weekly, Based on current price action movement in the IEX chart, I anticipate a short-term upswing. Please refer to the chart for a detailed analysis.
PKTEA was give good breakout with volume.PKTEA was give good breakout with volume. lets see next moves of stock.
Educational purposes only
Make sure add "LGBFORGE" in your Watch list.Because , in "LGBFORGE" previous month Volume and Price movement is solid . Most probability its consolidation face is over in future week and months.. lets see Next Qtr results , if Qtr result will good so high probabilities for take entry in bullish Stock.
Educational purposes only.
Will NIFTY consolidate or will show a strong SELL OFF ?Nifty has touched the upper trendline, previously whenever Nifty has touches the upper trendline it has give a correction or a sideways movement and slow downward movement.
23800 looks like a strong support zone also a breakout point for the Flag pattern. It can touch it and have a strong retest at that level and start its journey towards 24800 levels !!
GRWRHITECH - 3 Months Downtrend Breakout Garware Hi Tech Films Ltd
1) Time Frame - Daily.
2) The Stock has been in a Downtrend since (February, 2024). Now It has given a Downtrend / Consolidation breakout & Closed with good volume & good bullish momentum candle in Daily Time Frame.
3) The next resistance would be it's Previous Life Time High (2200 - 6.25% from the price 2070.30). If the stock gives another breakout at (2200) It may move higher and find resistance around (2680 - 29.45% from the price 2070.30).
4) Stock with good fundamentals.
5) Recommendation - Strong Buy
Gujarat Fluorochem ConsolidationNSE:FLUOROCHEM is in a solid consolidation phase. This is picture perfect. Eagerly awaiting for a breakout in this one. With chemical companies rallying, maybe the breakout will come sooner than later.
Bombay dyeing- Breakout might be coming soonBombay dyeing is looking strong to give a multiyear breakout.
If breakout is successful, we might see explosive moves in this stock.
Hence, prebreakout entry is always beneficial since we get better risk reward as well.
Medium probable setup and bad technicals of company are red flags which makes this idea more riskier.
Not a recommendation, just a personal opinion.
THANGAMAYL - 10 Months Consolidation Breakout / All Time HighThangamayil Jewellery Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (July, 2023). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (2050 - 24.50% from the price 1646.10) .
4) Recommendation - Strong Buy.
PRECWIRE - 9 Months Consolidation Breakout / All Time HighPrecision Wires India Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (September, 2023). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (200 - 26.45% from the price 158.16).
4) Recommendation - Strong Buy.
RKFORGE - 10 Months Consolidation Breakout / All Time HighRamkrishna Forgings Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (August, 2023). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (1100 - 22.30% from the price 899.10).
4) Recommendation - Strong Buy.
INOXGREEN - 6 Months Consolidation Breakout / All Time HighInox Green Energy Services Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (January, 2024). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (210 - 22.90% from the price 170.82).
4) Recommendation - Strong Buy.
VISHNU - 1.5 Years Downtrend Breakout Vishnu Chemicals Ltd
1) Time Frame - Daily.
2) The Stock has been in a Downtrend since (September, 2022). Now It has given a Downtrend / Consolidation breakout & Closed with good volume & good bullish momentum candle in Daily Time Frame.
3) The next resistance would be it's Previous Life Time High (434 - 16.60% from the price 372.10).
4) Recommendation - Strong Buy .
EPACK - 5 Months Downtrend Breakout Epack Durable Ltd
1) Time Frame - Daily.
2) The Stock has been in a Downtrend since (January, 2024). Now It has given Downtrend breakout & Closed with good volume & good bullish momentum candle in Daily Time Frame.
3) The next resistance would be It's Previous Life Time High (224.50 - 8.90% from the price 206.10).
4) Recommendation - Strong Buy.
Another Flat week or a breakout is coming in Indexes ?Nifty and Bank nifty have been trading in the range for last whole week. It was due for a sideways movement after a massive movement in the Election result week.
Nifty above 23550 level will open for a new zone and head towards 23900-24200-24800, down side is majorly capped as of now till 23200-23000 level.
Bank nifty above 50500 will open doors for 51200-51800, down side again has a good support at 49600 level.
Trend is mixed but having a minor downside trend.
