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Falsebreakout

Stock Market Analysis Report: Lupin Limited (NSE: LUPIN) Introduction Greetings, traders! If you're looking for a pharmaceutical stock that might just cure your portfolio blues, look no further than Lupin Limited. This stock is brewing up an interesting pattern that’s worth a closer look. Let’s dive into the technical details and see what’s in store! Price Action Overview Chart Analysis Current Price: ₹1,759.30 Daily High: ₹1,767.00 Daily Low: ₹1,598.25 Volume: 10.039M Key Technical Indicators Bearish Gartley Pattern: The chart reveals a bearish Gartley pattern, suggesting a potential reversal. Rectangle Pattern with Potential False Breakout: The price is within a rectangle pattern, hinting at a potential false breakout. Decreasing Volume: The volume is on a decline, which could signal weakening momentum. Detailed Analysis Bearish Gartley Pattern Formation: The Bearish Gartley pattern, marked by points X, A, B, C, and D, indicates a potential reversal from the current uptrend. Implications: This pattern suggests that the stock might face resistance at the current levels and could potentially see a pullback. Rectangle Pattern with Potential False Breakout Rectangle Pattern: The stock price is trading within a rectangle pattern, showing consolidation between support and resistance levels. False Breakout: The current breakout might be a false one, as indicated by the rectangle pattern and the resistance at point D. Decreasing Volume Volume Trend: The decreasing volume trend suggests that the current upward momentum might be losing steam. Significance: Lower volume during a breakout can indicate a lack of strong buying interest, increasing the chances of a reversal. Price Targets and Support Levels Immediate Resistance: ₹1,800.00 - This is the next resistance level to watch closely. Support Levels: Primary Support: ₹1,600.00 - A key level to maintain for bullish sentiment. Secondary Support: ₹1,400.00 - A more conservative support level aligning with previous consolidation areas. 💊📉 Conclusion Lupin Limited is showing a bearish Gartley pattern with a potential false breakout within a rectangle pattern. The decreasing volume adds caution to the current bullish momentum. Keep an eye on the resistance level at ₹1,800.00 and monitor the volume to gauge the strength of the current trend. Happy trading, and may your portfolio stay healthy and robust! 🌿💰 Disclaimer This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions.
NSE:LUPIN
by TRADING-NASA
Bank Nifty Analysis 17th Jan'24As mentioned previously avoid and beware of false break outs and traps same happend today in morning unable to break 48280 to 42300 false breakout and then back to days low at 48000 Stills looks buyer have controlled from falling below 48000. looks tomorrow may have gap opening in Bank nifty. See Bank nifty also making range between support & resistance keep eye on opening for tomorrow also expiry may turned out to be trend day. Support 48000 Resistance 48200 to 42300
NSE:BANKNIFTY
by Price_actiontaker14
Nasdaq 100- Bull Trap, SELL!Attached: NDQ Daily Live Market Chart as of 20th March 2023 - Price has triggered a Bearish Anti Butterfly Harmonic Pattern - Price has also broken Previous Day Low with Previous Day being a Doji Candle - And this Sell Off today comes after a Run up which is potentially a False Breakout from a Bull Flag - The saying goes like, "From False Moves come Fast Moves in the Opposite Direction" - The Divergence between S&P 500 and Nasdaq looks like Nasdaq will resolve on the Downside to align with the S&P 500 Plan of Action: Price Holding below 12680 has a Downside📉 Target🎯 open to: T1= 11830 to 11700 T2= 11250 to 11100
TVC:NDQShort
by T_Harth
IS MARUTI LOOKING FOR A BREAKOUT ?Maruti Suzuki , under retracement trying to find its way to the original uptrend. Currently moving under the channel from 8635.20 and 8966.25 . Here recently we saw a false break out the support, which in turn implies that buyers will not let it come down now. The stock is also supported by two EMAs and thus we may probably see a break out at resistance this time. Small stop loss , make a good risk reward ratio and hence, I firmly believe that it a nice trade to enter. Technical Indicators : CMP : 8,696.25, RSI : 48.78 ADX(14) : 34.70 ( Directional Strength ) ATR (14) : 126.6 ( Less Volatile ) MACD ( 12,26) : 35.25
NSE:MARUTILong
by chakraveer1104
Orient Electric -Getting ReadyOrient Electric -Triangle pattern formation Orient Electric after trading in a consolidation triangle pattern on Friday gave huge momentum on the upside with good volume. How to identify false breakout? On the initial breakout from a range or other chart pattern, a rise in volume indicates strength in the move. Little change in volume or declining volume on a breakout indicates a lack of interest and a higher probability for a false breakout. If the price gives a breakout on the upside and respects the upper trendline confirmed by good volume, traders can go long. Let's see what happens. Note= Get in the habit of focusing on your trading system and following the process for entries, exits, and position size, rather than the money you are making or losing at any particular moment
NSE:ORIENTELEC
by Indrajit08
3
BANKNIFTY ANALYSIS 18/2/2021Last week in the market, we were looking a possible breakout or breakdown situation on both Nifty and Bank Nifty. It turns out, it was a breakout towards 15,400 and 37,700. Now it looks there is a possibility of a false breakout as well. If the market fails at one at one end of the range, it generally tests the other extreme side. Here, we also have a head and shoulders pattern. The call writing in today's expiry for BNF 37,000CE was 106K. DIIs have also been net sellers for a while now. For the coming week, it will be interesting to see how the market reacts at this level. If the breakdown occurs below 36,400, there could be some selling pressure to re-test 36,000. If the market does move higher again, there is strong resistance at 37,000. I do not have a bias on the possibilities, because the market is too overstretched with heavy liquidity.
NSE:BANKNIFTY
by ArcherDAVIS
ApolloHosp : false breakout possible?APOLLOHOSP has given weak breakout of Channel Drawn(By Menka), May result in False Breakout! Entry : After Closing Below last candle ,look for shorting from Given Red Zone Near.1250 Stoploss : 1285 (Closing Basis) Basic Target: 1200 Then Trail till lower white Trend line A Good read for all : why-teamwork? if you have any queries regarding above idea or any other stock feel free to D'M Recently we launched, TruStox Community a community driven platform for Traders with almost all features that a trader needs. Here are some of them:- Regular Study Conferences Collective Fundamental Research Access to Tools from Trader's Toolkit & many more. For More information : Click Here! Note : Trading in any financial market is very risky. We post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
NSE:APOLLOHOSPShort
by TruStox