Highvolume
A high return setup This stock has been consolidating for the past few days and Have given a wonderful breakout with a Big green candle supported with Large volumes on a Daily chart.
Suggestion would be to buy it on a dip somewhere around 211-213. Targets can be set Till 235. There are high chances that the stock might hit the target in a very short time.
BSE - Inverted Head and Shoulder breakoutBSE weekly chart shows inverted head and shoulder pattern. Breakout is seen in the chart. There is high volume too. I would not suggest wait for some correction for buying. You can also accumulate in dips. Can go long with trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
KOTAK BANK | Doji Pattern with Really High Volume 🎯NSE:KOTAKBANK
Swing trading opportunity ...4hrs chart alert !!!
👉👉WAIT FOR RETRACEMENT OR TRADE ACTIVE RECOMMENDATION👈👈
--Sell below =1850
--Target = 1740
--Stop-loss = 1915
--Lot Size = 400
--R:R = 1.68
--Expected Profit = 43,600 ₹ per lot ( 6 % )
Technical Reasons to trade :- 🧢
1) Kotak bank has breakdown the support area .
2) Volume is ULTRA high in DOJI candlestick pattern.
3) trendline is already broken as well as support zone .
4) All the possible support & resistance is mentioned on the chart.
Guys check out the related ideas as well, it will worked really well !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
LONG POS. ON DRREDDY (NSE)!!!This analysis is only for educational purposes, Invest at your own risk!
The New 52 week high created by DRREDDY at the price 4,132.20 INR will serve as the resistance.
A Doji candle was seen on the 19th of May(yesterday) which on the next day (20th May)rose the price with an abnormal Volume.
The Market closed with a big green candle for DRREDDY, This opens a great long opportunity for traders buying in at price 3910-3915 INR.
The target should be kept just bellow the Resistance at 4,132.20INR i.e. around 4010-4050INR.
Any kind of criticism is highly appreciated !
CHEERS!
DABUR - Ascending Triangle BreakoutIn the Hourly charts of DABUR, we see a clean Ascending triangle breakout with high volumes. Encouraging aspect is the fact that the stock has now managed to break above a crucial price band which acted as a source of support and now resistance. First Fibonacci target is at 350
TATACHEM: Triangle BreakoutTATACHEM breaks out of a COIL (a symmetrical triangle) with fine participation from volumes. Add to this fact, that on the daily chart, there was an Inside Candle on Friday's close. The underlying trend is UP and well established, which is clear from MACD. Fine support from momentum indicators too - CCI and RSI suggests further upside on the cards. Looking for a target of 770-775 on a positional basis.
samkrg piston & rings looks bullish in medium termIn weekly, price broke the previous peak with high volume, also price closed above upper BB and BB is expanding,
In daily also price broke out of horizontal resistance with good volume,
fundamental view - healthy growth in profit, positive cash flow, cheaper valuation in comparison to peers, healthy dividend payout,
with an initial sl - 290, one can ride the uptrend here,
Mahi Mahi: If A Stock Is Down 2%, It Can Be Down by 4 %That's true..down 2% doesn't mean it can not go down further. But the conditions are that: It should be in a strong downtrend on a higher time frame; and we should have proper tools and system to manage our trade.
M&M has been in a strong downtrend on Daily, 4H and H. So I thought it could be nice short. But by the time I could open my lappy, stock was already down 2%..how lame.
I opened up my Ichimoku System and saw that stock had given a fresh break down below the cloud with higher volumes on 15 min chart (See candle A) and it was already in bearish territory on higher time frames. All I need to do was to find a better opportunity to enter.
Candle B went deep into the cloud and then sold off quickly. I placed a sell order below the small swing @ 1319.50 and got hit in the very next candle C. My initial stop was above the high of candle B.
Then I kept on trailing. The doji pointed in the chart had a nice volume but price was able to breach only a few paisas above this doji, and I was not stopped.
# I always give some room above the high of the candles when I trail so that I am not hit easily.
Finally I was thrown out of the trade @ 1303.60. It was a nice 16 point trade or 1% of the stock value. Whenever I get 1% of the stock value as profit I call it a good trade. Without a good system in hand, I might not have touched the stock.
Above trade does not mean that I dun lose. I had a small loss in SRT buy, which I covered later in the session by shorting it. Sometimes it takes time for daily trend to clarify itself. I was breakeven in Tataglobal and you all know about Mindtree :)
The above experience would definitely help me to be more disciplined in future. I hope the same for all traders.
Have Fun, and happy weekend.
Hit like and comment.
Regards
Bravetotrade
jp power looks bullish in medium term to long term.in longer time frame, it had a long down trend then it formed a horizontal channel in weekly, and price moving sideways for months, and recently it broke out of the channel with high volume, confirming the start of uptrend. It is having a U type recovery, and got a good probability to form a round bottom.
with a sl - 4 1st tgt - 12 2nd tgt - 25
kitex garments looks bullish in short to medium termin weekly, price is moving sideways, it looks like a symmetrical triangle.
price recently bounced from the trend line support with good volume,
in daily , there is a symmetrical triangle formation and then break out with good volume.
there was a BB squeeze , now price closed above upper BB with good volume and BB is now expanding.
sl - 260, 1st tgt - 310 2nd tgt - 350
axis bank looks bullish in short to medium termin daily, price broke out with good volume, after consolidating in a horizontal channel, also BB is expanding.
in weekly, after a BB squeeze, price closed above upper BB, and BB is expanding.https://in.tradingview.com/x/fxIlBukX/
Also it broke the resistance zone after a long consolidation.https://in.tradingview.com/x/RXizbYav/
with a sl - 492, 1st tgt - 565, 2nd tgt - 610.
ksb pumps looks bullish in medium term to long termit was range bound and consolidating since 2015, now it has given breakout with good volume in weekly time frame, unless it is a fake breakout it has good upside potential.
with a sl of 650, 1st tgt to expect - 965
nila infrastructure looks bullish in short to medium term.in daily, it has given a breakout with good volume and crossed previous high.
Also BB is expanding with good volume after a long squeeze/consolidation.
with a sl -17.3, 1st tgt - 23.2