Carborundum-A quick breakout swing tradeLogic:Breakout retest done and fresh flag breakout of consolidation
Targets are based on Fibonacci retracements.
Company has strong fundamentals. Good stock to invest on dips as well.
Idea is shared as a swing trade for educational purposes. It will help you understand power of flag breakout and continuation patterns.
FLAG
Birla Soft - Bsoft getting ready for big Party Bsoft
Observed : Parabolic Trend along with Bullish Flag pattern.
Tgt expected
1 : 866±
2 : 983±
3 : 1047±
4 : 1125±
5 : 1353±
6 : 1546 ±
Shared it for educational /Reference purpose based on chart pattern.
Do your analysis from your side too
This is not a BUY or SELL RECOMMENDATION.
Paras Defence waiting for good volumeAlways remember, Breakout and breakdown with low volume is of no use.
Yesterday I posted update on paras Defence.
It closed below previous day low and before that, it has given flag pattern breakout.
Both break out and breakdown happened with low volume. so strength was missing.
Today There's an inside candle formed on closing basis.
I am very bullish on paras defence in next 6 months, However waiting for a good correction till 1300 (+-20).
If it breaks today's inside candle in any direction with High volume, the it will be a good sign for trend ( up or down).
What should we learn here.
Longer the accumulation time, stronger will be the breakout.
JK PAPERI'm not a SEBI registered analyst, Views are personal, not any buy or sell recommendations.
Today I discovered JKPAPER, which has experienced a breakout in the Weekly chart. Additionally, I noticed that it is currently in its 5th wave, which is an impulse wave. Considering the wave structure and the strong performance of consumption-based stocks , I predict a short-term upward movement in the stock. Please refer to the chart for a detailed analysis.
Reliance right opportunity for Swing Trade.Huge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "3050"
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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Follow for regular updates.👍
IDFC BANKNSE:IDFC stock is waiting for flag pattern breakout. Buying entry is break and close above the flag pattern in day candle (around 128 rupees).
First Target is 140 to 145 rupees,
Second Target is 150 to 155 rupees,
Stoploss is close below the flag pattern.
Hindustan Food Stock - Bullish Flag Pattern
Hindustan Food (HINDUNILVR) is exhibiting a classic bullish flag pattern on the daily chart, indicating a potential continuation of the upward trend. Here’s a detailed analysis and structured description for trading targets once the pattern is broken with significant volume.
Key Points:
Pattern Identification:
Hindustan Food stock is currently forming a bullish flag pattern, characterized by a sharp price rise (flagpole) followed by a consolidation phase (flag) with downward sloping trendlines.
Volume Confirmation:
A breakout from the flag pattern should be accompanied by high trading volumes to confirm the bullish momentum. Watch for volume spikes at the breakout point.
Entry Point:
Enter the trade when the stock price closes above the upper resistance trendline of the flag pattern with significant volume. This confirms the breakout.
Target Levels:
T1 - 739: The first target is set at 739, derived from the height of the flagpole added to the breakout point.
T2 - 1000: The second target is set at 1000, a psychological level and an extension of the initial flagpole projection.
SL - 436: The stop-loss is placed at 436, below the lower support trendline of the flag pattern to manage risk.
Trade Management:
Monitor the trade actively and consider trailing the stop-loss to lock in profits as the stock moves towards the target levels.
If the stock shows signs of reversal or fails to sustain above the breakout level, reassess the position to minimize losses.
RKFORGEI'm not a SEBI registered analyst, Views are personal, not any buy or sell recommendations.
Today i found RKFORGE ,which has given breakout in Daily along with good volumes, Based on volume and current price action movement in the RKFORGE chart, I anticipate a short-term upswing. Please refer to the chart for a detailed analysis.
STEELXIND Channel & Falling Wedge BreakOutSteelxind had earlier given a channel breakout on 1D timeframe with higher volumes. It started consolidation after breakout and is now attempting to breakout from a falling wedge pattern on 1D timeframe. Go long after bullish closing confirmation. Follow stop loss rules.
MapMyIndia-A multibagger stock for a swing tradeMapmyIndia is one of my favourite stock among small cap IT sector which has now done a breakout retest and is available at an amazing price.
If stock gives weekly closing above 1900, we will see ATH levels soon. However, I expect bigger targets from stock as given on chart.
A very good investment stock as well since the company provides API solutions as a cheaper alternative to google maps. Just a personal opinion shared for educational purposes.
Heritage foods-A swing trade to watchout forHeritage food has given good move, around 100% returns in past 12 months.
Currently, stock is consolidating and can give good move once breakout of flag is done.
FMCG sector is looking strong and it can support the breakout in this stock.
Do keep in watchlist.
Is the Volatility over in Nifty and is it ready for 24000 ??Nifty was moving in a parallel channel for almost 6 months, last week it tested the bottom channel as well it tested and broke out on the upper level channel on a daily chart.
In 30 mins chart Nifty has created a 1200 points Flag pattern and has also given a strong break out as well!! Accorinding to the flag pattern Nifty can hit 24K level soon !
REC LTD Going to make REC(ORD) by flying High REC LTD looks awesome in Parabolic uptrend pattern along Bullish Flag inside in it.
Targets expected.
Tgt 1 : 569± (Near term)
Tgt 2 : 639± (Short term)
Tgt 3 : 732± (Short term)
Tgt 4 : 810± (Short to Longterm)
Tgt 5 : 898± (Longterm)
Shared it for EDUCATIONAL /REFERENCE PURPOSE based on Chart Pattern and My STUDY.
This is not a BUY or SELL RECOMMENDATION from my side.
Do your analysis from your side also.
CIEIndia-A flag breakout you shouldn't miss!CIEIndia has formed a beautiful flag & pole pattern whose breakout is expected soon.
If stock gives weekly closing above 500, we can see quick big bullish move in this stock.
Keep in your watchlist.
Stock has very good fundamentals and is in auto ancillary sector.
For long term investors, SL should be below 400 MCB and targets should be 1000++
JSFB, a strong name ready to danceA Good Setup:
Jana Small Fin Bank (JSFB) after giving 60% move in just 15 days from first base after IPO, didn't fall much, only 13%.
Instead went contracting between trendlines (TL), suggesting supply is low.
-Forming HTF(high tight flag, when move significantly but didnt fall much and contracts)
-Hovering near 10 ema
-Tight closes with volume contracting
-Green vol > Red vol
- VCP 3W-13/4-3T (meaning in 3 weeks contracting from 13% to 9% to ~4%, these 3 contraction are 3T in notation)
Read if you haven't: Volume Contraction Pattern (VCP), a good concept by sir Mark Minervini (his books are highly recommended)
Waiting patiently for breakout(BO) of trendline(TL) with some vol.
IRCTC Bullet Train Started IRCTC
Looks good in Parabolic uptrend pattern. Also good for Long term investment.
Expected tgts are
Tgt 1 : 1285± (Short term)
Tgt 2 : 1314±
Tgt 3 : 1743± (Longterm)
Shared it for educational purpose based on chart pattern and My STUDY.
This is not a BUY or SELL RECOMMENDATION from my side
Do your analysis from your side also.
Bharti Airtel - Bullish Flag PatternBullish Flag chart pattern formed in Bharti Airtel and breakout above 1129 confirm that price will up to 1400 target as per measurement rule.
While Robert Kiyosaki and other said that in march 2024 there will be big crash, so keep away from noise and focused on chart and market structure. If chart turned negative we will definitely exit.