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Channel Breakout in Mahanagara Gas LtdFrom few months stock was trading in a sideways channel, now it has given breakout with good volume. If we observe short-term chart, stock has already given a symmetrical triangle breakout for which final target is not yet achieved. We can expect a good upside momentum if price closes above 905. 830-845 levels should act as strong support. Considering the spike in volume we can expect a good rally in upcoming days. Stop loss can be placed at 800 for risk takers and 830 for risk averse. All possible targets are marked on the chart. This is not an recommendation. Do your own analysis before investing. NSE:MGL
NSE:MGLLong
by KaravaliTradingZone_Official
2
Channel pattern breakout in Devyani ?Possible Channel pattern breakout in Devyani. Stock is at important Supply zone, today we can see a breakout candle which is also supported by decent Volume. Stock has a potential to reach 250 range (Channel Breakout pattern) Stock has to close above 200 (Psychological price level) as well as today's High. If the follow up of candle close above these level, then we can see bullish rally in the coming days. Stock has made its all time high Today. 187 will the SL for Risk averse and 170 for Risk takers. Overall analysis is given in the chart This is just a view, not recommendation to trade. Do your own analysis before taking any trade. Share your opinion in the comment section. NSE:DEVYANI
NSE:DEVYANILong
by KaravaliTradingZone_Official
5
Possible trend breakout in Nazara? Stock is at Very Curial Level. Keep an eye on this stock. If price close above 730 and sustain in that range, then we can see a good bullish movement in the stock. Reason is very simple, if price close above that range, then major resistance as well as supply zone will break. Which confirms buyer's control over the stock. Wait for the breakout, then only enter stock with proper Risk- Reward. Will Update once the breakout is confirmed. This is just a view, not a recommendation to trade. Do your own analysis before taking any trade. NSE:NAZARA
NSE:NAZARA
by KaravaliTradingZone_Official
Ascending triangle breakout in PAYTM ?Ascending Triangle Breakout in PAYTM in Daily Chart. After the continues down fall from the listing, now, the downside momentum was paused. Bulls are slowly taking control of the stock, Previously they tired for breakout but stock was stuck in 750-770 range. Then stock came around 680 range where there was a strong trend line support. Next day formed inside bar candle, by that again bulls paused further downside movement. Now, the stock broke its previous 750-770 range with good candle supported by volume. So, 770 range will be immediate support, 720 will be next Important support Stock has a potential to reach 930 level in coming days. If any one taking trade now, 730 will be SL. Any one taking position for retest, then Risk taker keep 678 as SL. For less Risk taker 697 will the SL. Overall analysis is given in the chart. This is just a view not a recommendation to trade. Do your own analysis before taking trade. NSE:PAYTM
NSE:PAYTMLong
by KaravaliTradingZone_Official
SONACOMS - Multibagger stock BreakoutTo speak about the fundamental of the company, Sonacomstar is among the Top 10 Global Differential Bevel Gear Suppliers, Among the Top 10 Global Starter Motor Suppliers for PVs, and the Largest manufacturer of differential gears for PVs, CVs & Tractors in India. Sona Comstar has an 8.7% market share in the global market in Battery Electric Vehicle (BEV) Differential Assembles, 5% in Differential Bevel Gear, and 3% market share in Starter Motor. Now about technical, Price has already corrected nearly 30% from all-time heights of 840. We can see the price has taken support exactly at Fib Retracement levels of 0.618, which is one of the most respected levels in Fib series. Adding to this, in a short-time frame price is in an uptrend with the support of SMA. We can enter trade when price closes above 595 in the daily time frame. All possible targets are mentioned on the chart. This is not a recommendation. Do your own analysis before investing. Please share your view on this in the comment.
NSE:SONACOMSLong
by SWING2TRADER
6
Everest Kanto major resistance breakout in a daily chart? Major Resistance breakout in Everest Kanto. After the continues fall, the momentum was paused from 12 May 2022 @140-155 range. This range is tested multiple time, which helped in forming important Demand zone. Which confirm buyer are slowly taking control, and now, we can see there is a breakout of major resistance. Stock is having potential to reach 260 range, If it is coming for retest 175 range must act as support, for the upside rally stock has to close today's high. Ideal SL will be 163. This is just a view, not a recommendation to trade. Do your own analysis before taking any trade. NSE:EKC
NSE:EKCLong
by KaravaliTradingZone_Official
4
Is Maruti Suzuki getting ready for the breakout ?Maruti Suzuki IND Daily Chart View Stock is @ important supply Zone, It has to break 9050 level comfortably in daily chart, then only we can see further bullish movement in this stock. After the breakout, stock has a potential to reach 10000 range. Take entry only after breakout (9060-9085). 9050 Should act as important support if the breakout is genuine then 8400 will be the ideal stop loss. This is just a view not a recommendation to trade, do your own analysis before taking any trade. NSE:MARUTI
NSE:MARUTI
by KaravaliTradingZone_Official
Symmetric triangle breakout in Bharatforgh daily chart? Symmetric Triangle breakout in Bharat Forge in a daily chart frame Which is also supported by volume. wait for the following candle, It should close above 720, then Stock can see bullish rally, stock has a pretension to reach 835-850 Level. Stop-loss 678 Range. This is just a view not a recommendation to trade, do your own analysis before taking any trade. Share your opinion in the comment section, Happy Trading. NSE:BHARATFORG
NSE:BHARATFORGLong
by KaravaliTradingZone_Official
2
Flag and pole breakout in ujjivan This is best example for Flag and pole breakout in a daily chart frame in Ujjivan fin Ser. 157-163 was a major resistance, stock consolidated in that range and on 26-07-2022 we saw a breakout candle with good volume, which confirmed flag and pole breakout. Stock has a potential to reach 192 range. 164 should be the first support and 155 will the next important support. 147 range should be the stop-loss. This is just a view not a recommendation to trade, do your own analysis before taking any trade. Share your opinion in the comment section, happy trading.
ULong
by KaravaliTradingZone_Official
Major Resistance Breakout In Infy Daily ChartOn 20-07-2022, we can see breakout of recent resistance, Supporting to that now we can see good candle is forming , morning it retested its previous resistance , which now turned as support. For the confirmation it should close above 1526 level today(21-07-2022). If you watch properly we can see head and shoulder pattern and its neck line also broken. Which is supporting for upside movement. But problem is only with its zone. Now it has a potential to reach 1554 range. If it broke that level properly then only we can see Upside. Gap may act as major resistance. Once it break that it will go till 1732 range. This is just a view not recommendation to trade. Do your own analysis before taking trade. NSE:INFY
NSE:INFYLong
by KaravaliTradingZone_Official
RBA is in IMPORATNT Level?Today Stock broke its recent (Apr 6) High), Now Stock is facing Major Resistance. If it break LONG Term resistance with good candle and volume, then we may see strong upside movement in coming days. It has a potential to reach 150, after the breakout. Wait for the proper breakout to enter. Recent chart gives clear picture how bull are in control. Now its a testing time, whether it is a profit booking or genuine bullish movement. This is just a view not recommendation to trade. Share your opinion in comment Section. NSE:RBA
NSE:RBA
by KaravaliTradingZone_Official
Possible Channel breakout in Garware TechnicalWe can observe price is moving in a channel. As the channel narrows down price started to move toward a higher range along with the support of the 20 & 50 moving average. Also, the price is taking support before reaching the lower end of the channel. If the price closes above 3279 we can expect a bullish move. Trade Set-up 1) We can buy if the stock manages to close above 3279 in a daily time frame. 2) Stop-loss can be at 3005. 3) All possible targets are mentioned on the chart. This is not a recommendation. Do your own analysis before investing. Please let me know your view on this trade in the comment section.
NSE:GARFIBRESLong
by SWING2TRADER