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COLPAL RANGE BREAKOUT WITH MASSIVE VOL A range breakout occurs when the price of a stock moves outside a defined range of support and resistance levels. This can signal a potential trend change or continuation, depending on the direction of the breakout. Here are some key points to consider: Identifying a Range Support and Resistance: Identify the horizontal levels where the price has repeatedly bounced off (support) and where it has faced resistance. Consolidation: Look for a period where the price moves sideways within these levels, indicating a range-bound market. Types of Breakouts Bullish Breakout: When the price breaks above the resistance level, it may indicate a potential upward trend. Bearish Breakout: When the price breaks below the support level, it may signal a potential downward trend. Confirming the Breakout Volume: A breakout accompanied by high trading volume is more likely to be genuine. Retest: Sometimes, the price may retest the breakout level before continuing in the breakout direction. This retest can provide a better entry point. Trading Strategies Entry Point: Enter the trade when the price breaks out of the range with significant volume. Stop Loss: Place a stop loss just below the breakout level for a bullish breakout or just above for a bearish breakout. Target: Set a target based on the height of the range added to the breakout point.
NSE:COLPALLong
by Faizgazi
Godrej Agrovet - Flag Pattern!!Godrej Agrovet has given a breakout of its 2018 price and has not retesting the same. It has created a flag pattern and a breakout of same can give a massive 65% return. Other factors: 1. 2018 price breakout and retesting - strong set-up 2. Flag pattern on DTF 3. Largest palm oil plantation in India with 75000 hectares and by 2027 to increase to 100k hectares 4. Recent custom duty increase on import of palm oil will benefit Godrej Agrovet 5. Contracts with Nestle & Pepsi for purchase of palm oil 6. Best TTM results Stock may consolidate and a breakout will take the price to our TPs. Keep following @cleaneasycharts as we provide Right Stock at Right Time at Right Price!! Cheers!!
NSE:GODREJAGROLong
by Cleaneasycharts
6
Getting Accumulated Making A Flag and PoleNSE:INDIACEM is getting Accumulated and Making Flag and Pole Patterns a Breakout on the Upside we see a Swift Swing Trade. Keep in Radar. Check out my other stock ideas below until this trade gets activated, I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:INDIACEMLong
by Karanshah137
Midcap Nifty - Sep 30Price is consolidating in a small range and it has formed a bull flag which is a bullish pattern. Sustaining above 13300 is important to be bullish. Buy above 13320 with the stop loss of 13280 for the targets 13360, 13400, 13440 and 13480. Sell below 13240 with the stop loss of 13280 for the targets 13200, 13160 and 13120. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:MIDCPNIFTY1!
by vanathi
5
UBL bullish flag pattern breakoutUBL has great bullish triangle flag breakout and re-tested in day time frame. Targets are intact. Festival season also coming can boost this counter too. So price action is favourable. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
NSE:UBLLong
by ashishhc
Flag Pattern and Support LineThis appears to be a strong support line, as it has been tested more than three times, and a FLAG pattern has also formed. It seems to be creating BOXES. Waiting to see if it breaks below this box to make lower lows. In comparison to its peers, its P/E ratio is only 36.23, while Indian Hotels, Chalet Hotels, Lemon Tree Hotels, Juniper Hotels, and Mahindra Holidays have P/E ratios of 78.69, 80.92, 67.23, 176.39, and 66.61, respectively. Trident and Oberoi Hotels, renowned for their presence in the luxury segment, need no introduction. From a long-term perspective, this could be a solid investment, but the valuation still seems high, similar to the broader market. NSE:EIHOTEL
NSE:EIHOTELLong
by RZR22
JSW Steel channel consolidation breakout bullrunJSW steel has good move pending on higher levels. above 920 it can break the channel patten. Mostly bullish upmove possible. 760 is major support range below the channel breakdown it can give good fall till 400 which is more unrealistic. Expecting bull run in this stock. Jindal steel already given. JSW steel has pending move. Focus. Although this flag patten is slightly bearish pattern but now a days these pattern upper side breakout give rocket move too. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
NSE:JSWSTEELLong
by ashishhc
MANKIND -Flag and Pole -Daily - Breakout **Mankind Pharma Ltd.** shows a clear **flag and pole pattern**, indicating a potential continuation of the uptrend. Here's a breakdown of the technical analysis: ### Key Observations: 1. **Flag and Pole Pattern**: - The pattern consists of a sharp upward movement (the pole) followed by a consolidation phase (the flag), forming between parallel lines. - The breakout above the flag pattern suggests a bullish continuation, with a price target typically equal to the length of the pole added to the breakout point. 2. **Target Price**: - The length of the pole is measured at **660.85 points (34.81%)**, and applying this to the breakout level a target near **3,217 INR**, as marked on the chart. 3. **Volume Confirmation**: - The breakout has been accompanied by an increase in volume, confirming the validity of the upward movement. - Higher-than-average volume during breakouts adds credibility to the bullish scenario. 4. **Support Levels**: - Near-term support lies at **2,559 INR**, followed by a stronger support zone around **2,372 INR** if there’s a pullback. 5. **Resistance Levels**: - Immediate resistance is expected near **2,665 INR** (recent high), with the next target at the calculated level of **3,217 INR** based on the flag and pole projection. ### Conclusion: This chart suggests a bullish outlook for **Mankind Pharma Ltd.**, with potential for further upside as the flag and pole pattern points to a target of around **3,217 INR**. Traders may want to watch for price action around current resistance levels and ensure volume continues to support the move. Would you like any further analysis on this?
NSE:MANKINDLong
by VCharts_TA
Stock Alert: IDFC First BankPotential breakout in the making! IDFC First Bank is showing a flag and pole pattern on the weekly timeframe, which indicates a strong continuation signal. This pattern generally forms after a sharp price move (the "pole") followed by a consolidation phase (the "flag"). We are now approaching a potential breakout point. 🔍 Key Highlights: Pattern: Flag and pole Timeframe: Weekly Potential breakout zone: Trendline Volume activity: Watch for a volume surge during the breakout. If this breaks out, we could see strong upward momentum. Keep an eye on this stock!
NSE:IDFCFIRSTB
by TechnoTrader10
M_M - Flag and Pole - WklyM_M - Flag and Pole - Wkly Let's analyze the key aspects: 1. Overall Trend: The stock has been in a strong uptrend since early 2023, with significant acceleration in late 2023 and early 2024. 2. Recent Price Action: - The stock recently broke out of a consolidation pattern (labeled "Flag and Pole" on the chart). - Current price is 2,950.85 INR, up 7.73% on the day. 3. Key Patterns and Levels: - A "Flag and Pole" pattern is identified, which is typically a bullish continuation pattern. - The breakout from this pattern suggests further upside potential. - Previous resistance around 2,739.95 INR may now act as support. 4. Price Targets: - The chart shows two potential targets: a) 3,013.50 INR (recent high) b) 4,160 INR (labeled "Can test 4160") - These targets represent potential gains of 68.55% and 41.73% respectively from the breakout point. 5. Volume: - Trading volume has been relatively consistent, with some spikes coinciding with major price moves. 6. RSI (Relative Strength Index): - The RSI has been declining recently despite the price increase, indicating potential divergence. - This could suggest the momentum might be slowing, but it hasn't affected the price negatively yet. 7. Long-term Support: - A long-term ascending support line (yellow) can be seen from early 2023, which the price has respected multiple times. Overall, the chart presents a bullish outlook for Mahindra & Mahindra Ltd. The recent breakout from the flag pattern, coupled with the strong overall uptrend, suggests potential for further gains. However, traders should be cautious of the RSI divergence, which could indicate a potential slowdown or pullback in the near term. The next key level to watch would be the recent high of 3,013.50 INR.
NSE:M&MLong
by VCharts_TA
1
Godrejpro reverse bullish flag patternVery good breakout in the reverse bullish flag pattern. Day candle with good volume too. Follow the target study in the chart. Looking very strong. Special diwali pick. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
NSE:GODREJPROPLong
by ashishhc
Bankex - Sep 16Price consolidated and formed bull flag. This pattern will be valid if it sustains above 59000. Pattern : Bull flag. Range : Medium. Trend strength : Normal. Buy Above : 59020. Stop Loss : 58920. Targets : 59220, 59300, 59380, 59460 and 59560. Sell below : 58820. Stop Loss : 58900. Targets : 58720 ,58620, 58520, 58400 and 58320. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
BSE:BANK
by vanathi