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...
1. 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...
Consolidation Breakout on charts
The stock has been consolidating for a while
Breakout after closing from Box
Target 1500s
Stop Loss 1075
Buy above 1290 absolute conviction
Indiamart is set to break out/down because it has been consolidating in tight parallel channels for a while, a big move can be anticipated on either side !
look for additional trend confirmation !
1. 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...
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...
Howdy 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: ...
63 moons technology stocks in making a different pattern having big resistance above 400 if stock closed above that level on monthly basis then there will be positive indication that price will move in north.
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.
After 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...
Techmahindra has been consolidating for a year.
The break out on closing basis has been done. currently retesting.
Once the retest is successful. we can go long
all the levels and analysis is for educational purpose only. use them at your own discretion
Shoppers stop has been in a bull run since 2020 and has given multibagger returns to its investors.
The stock has beautifully consolidated and formed a rounding bottom pattern and is currently near its ATH.
A weekly closing above 820 will push the stock to levels of 850,880+
However, there is always higher risk involved in stocks at ATH so trade accordingly.
This...
1. 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...
In this assessment I will try to answer a few questions:
1️⃣where is the market trading?
It is trading near its all-time high 18887.60
2️⃣How it is behaving near this resistance?
🚩It reacted sharply from near the resistance level but took support near a previous swing low of 18670.
🚩Then it rallied even much sharper back to the resistance and this time the...
Trade Wisely. We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
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