Unlock KNRCON’s : Riding the Bullish Breakout to New HighKNR Construction Ltd (KNRCON), a few key features can be observed:
Weekly High: Around 415
Weekly Low: Around 202.53
Current Price: Around 352.95
Breakout Structure (BOS): The stock seems to have experienced a breakout above resistance.
Here’s a potential trading strategy based on the current data:
1. Support and Resistance Levels:
Resistance Level: ~415 (near the weekly high) – if the stock moves towards this level, it could face selling pressure.
Support Level: ~308 (50% Fibonacci retracement) – this can act as a strong buy zone in case of a correction.
Long-term Support: ~202 (weekly low) – strong support level.
2. Entry Strategy:
Breakout Trading: Since the stock has broken out from a previous resistance (BOS), a good entry point would be around the current price (352.95), with a target near the next resistance level (415).
Pullback Entry: If the stock retraces, consider entering around the 50% retracement level (308) with a stop loss below the next support level (255).
3. Stop Loss:
For an aggressive trade, place the stop loss around 308.
For a more conservative approach, place the stop loss around 255 (75% Fibonacci retracement).
4. Target Levels:
First Target: ~388 (previous highs)
Second Target: ~415 (weekly high)
Long-Term Target: If momentum remains strong, potential breakout beyond 415 could lead to a higher upside.
Contains IO script
12 Sep 2024 Bank Nifty Predictions1. What was Today's Scenario?
The market moved down today. This is evident from the 5-minute chart showing a consistent downward trend throughout the trading session.
2. What level of support and resistance exists on Next Trading Day?
Based on the daily chart:
• Support Level: Around 50,800 (previous low)
• Resistance Level: Around 51,400 (previous high)
3. What is the Next Trading Day Scenario?
Based on the current chart patterns and today's downward movement, the next trading day scenario could be:
Time Market| Condition
Opening | Slight Gap Down
Morning | Bearish
Midday | Range Bound
Afternoon | Slight Recovery
4. Strategy or STRIKEs for Next Trading Day
As an option buyer , the following strategy could be effective:
• Morning Session: Buy 51000 PE if the market opens with a slight gap down and shows bearish signs.
• Afternoon Session: Consider buying 51000 CE if there is a slight recovery.
Additional Analysis
• Volatility: Expect higher volatility in the morning session.
• Stop Loss: Set a strict stop loss to manage risk, especially in a volatile market.
By following these specific strategies and levels, you can make more informed decisions for the next trading day.
Disclaimer : Do Follow you Risk and Money management, We are not providing any TIP or IDEAS, Just Sharing My views.
SBICARD - WILL IT RETEST ITS BREAKOUT OR NOT ?SBI Cards And Payment Services Ltd. an interesting chart with Harmonic Pattern under progress
1. Narrowing Bollinger Bands on Weekly chart and price started moving on upper band last week
2. Break out from base formation after 8-9 month's consolidation within 680 - 750 levels.
3. Daily and Weekly RSI above 60
4. Next minor resistance between 830-870 zones
A chart to keen on radar and to watch
Will it RETEST its breakout levels or
Will it complete its pattern journey without any RETEST
Lets see How it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
ZYDUSLIFE - A NEGATIVE RSI DIVERGNCE LETS SEE HOW IT EVOLVESZydus Lifesciences Ltd. Negative RSI Divergence on weekly chart
1. A picture Perfect negative RSI divergence on weekly chart
2. Price forming higher highs where as RSI is sliding downwards
3. Super Trend Turned sell on weekly chart
4. Fall in price followed by huge volume candles
5. RSI on daily near 40
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to have some with my own Risk Reward matrix
TILAKNAGAR INDUSTRIES- 3 MHTS BREAKOUT WILL IT SUSTAIN ?Tilaknagar Industries Ltd. is an interesting Breakout on weekly chart to keep in radar
1. RSI in all time frames above 60
2. Price rise with huge volume
3. Three months long consolidation breakout
4. ABCD pattern under formation on weekly chart
FUNDAMENTALLY
Company has reduced debt.
Company has delivered good profit growth of 23.5% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.2%
will this breakout Sustain ?
or
Will it fizzle out and continue its consolidation ?
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Chart of the weekChart of the Week: Deep Dive into Technical Analysis Join us for our weekly chart analysis where we dissect the most trending stocks and indices. This week, we'll delve into the intricacies of technical analysis. Learn how to: Identify patterns: Spot classic chart formations like head and shoulders, triangles, and flags. Use indicators: Understand the significance of moving averages, RSI, MACD, and more. Determine support and resistance: Pinpoint key price levels for potential buy and sell opportunities. Whether you're a seasoned trader or just starting out, this episode will equip you with valuable insights to make informed investment decisions. Don't miss out!
IOC: An interesting consolidation since jan24 will it breakout?Indian Oil Corporation Ltd. an interesting chart under price consolidation and an interesting chart to keep on radar.
1. RSI on all time frames above 60
2. Narrowing Bollinger Bands on weekly chart
3. Price Consolidating in zone of 147-189 since jan-2024
4. Major Price support near 164-170 zones
Will it breakout ?
or
Will it fizzle out ?
or
will it continue its consolidation in Sep also ?
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
ORIENT HOTEL - CONSOLIDATION BREAKOUT WITH VOLUMEOriental Hotels Ltd. is an interesting chart with following
1. RSI on all time frames above 60
2. Narrowing Bollinger Bands on daily chart and price moving on upper Bollinger Bands
3. Price breakout from its 6 months long consolidation with huge volume
4. Major Support exists at 129-139 zone being multiple cluster of moving averages.
Can be a good risk reward to fetch on dips and dips only if it tests its break out zone
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
SHYAM METALICS - CONSOLIDATION BREAKOUT ON RADARRSI on all time frames above 60
Breakout with volume
Narrowing Bollinger Bands on weekly charts
Long consolidation breakout after a trending move
Breakout supported by strong volume
Major support near 660-710 zone
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
PLASTIBLEN - A CONSOLIDATION BREAKOUT WILL IT SUSTAIN OR FIZZLE RSI on all time frames above 60
Price breakout with high volume
ABCD pattern under formation on weekly charts
Narrowing Bollinger Bands on weekly and daily charts
Price moving on upper Band
Major support 282- 308 zone
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
ADF FOODS near Breakout Zone; Will it Breakout or consolidate ?ADF Foods Ltd. is an interesting chart with following
1. Price consolidating for last 11 month's and is near breakout levels.
2. RSI on all time frames above 60
3. Narrowing Bollinger Bands with price walking on upper Bollinger Band
4. Price Rise with huge Volume bars
5. Major Support near 215- 228 zone being cluster of moving average supports.
A stock to keep on Radar ; A Consolidation ;
Will it breakout or continue consolidating ?
CAUTION : RSI Negative Divergence visible on charts
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
PRAKASH INDUSTRIES -A BREAKOUT : WILL IT SUSTAIN OR FIZZLE OUT ?Prakash Industries Ltd. is an interesting chart with following
1. Price Breakout from last 10 month's Consolidation
2. RSI on all time frames above 60
3. Narrowing Bollinger Bands with price walking on upper Bollinger Band
4. Price Rise with huge Volume bars
5. Major Support near 170- 192 zone
A stock to keep on Radar ; A breakout will it Sustain or fizzle out
CAUTION : RSI Negative Divergence visible on charts
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
SARDAEN a consolidation breakout will it sustain or fizzle out Sarda Energy & Minerals Ltd. is another consolidation breakout
1. RSI on all time frames above 60
2. Breakout of one year long consolidation
3. Major cluster of supports near 258-295 zone which can be good risk reward zones to buy on dips
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
VETO a long consolidation breakout will it sustain or fizzle outVeto Switchgears And Cables Ltd. an interesting breakout from 4 years long consolidation
1. RSI on all time frames above 60
2. Price Breakout with volume
3. Major support with cluster of moving averages in the zone of 135 - 165
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
SH KELKAR BREAKOUT WILL IT SUSTAIN OR FIZZLE ?SH Kelkar And Company Ltd. is an interesting chart breakout
1. 6 month's Consolidation breakout in the chart
2. RSI on all time frames above 60
3. Price Breakout with huge Volume candles
4. ABCD pattern on weekly chart
5. Major supports with cluster of moving averages in zone of 185 - 200 which can act as multiple support area.
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
SHAYM METALICS 7 MTHS CONSOLIDATION WILL IT SUSTAIN ?Shyam Metalics And Energy Ltd. is another interesting chart
1. 7 month's Consolidation breakout in the chart
2. RSI on all time frames above 60
3. Price Breakout with huge Volume candles
4. ABCD pattern on weekly chart
5. Major supports with cluster of moving averages in zone of 665 - 720 which can act as multiple support area.
Fundamentally
Company has reduced debt.
Company is almost debt free.
Company's working capital requirements have reduced from 34.1 days to 12.1 days
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
KOPRAN 12 MONTH LONG CONSOLIDATION BREAKOUT Kopran Ltd. is an interesting consolidation breakout stock
1. 12 month's Consolidation breakout in the chart
2. RSI on all time frames above 60
3. Price Breakout with huge Volume candles
4. ABCD pattern on weekly chart
5. Major supports with cluster of moving averages in zone of 247 - 273 which can act as multiple support area.
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
2500O OR 24600? Weekly Wrap #nifty 26th Aug 2025 #tradeplanFirst Step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
*Trend is UP
*Trade plan: Buy on Dip
*for Critical levels see the video
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade.