TRENDLINE BRAEKOUT IN ABCAPITAL In chart as you can see previously trendline which I have drawn as a channel there in chart has acted as a strong trendline resistance, price got pushed down every time it touched the zone/trendline/resistance channel. A Strong Breakout with such huge/unusual volume can be seen in chart and also breakage in (Lower Low) LL- (Higher High) LH cycle, can be a good pick for medium term or for like 5-8 weeks. Can be bought here at these current levels or else go for buy on dip till 112-113 level for the given targets in the chart with strict Stop-Loss of 110 level (candle closing below basis only) . Consider booking partial profits at/near/around given targets.
ABOVE POSITION/ENTRY IS SUGGESTED ON THE BASIS OF DESCENDING TRENDLINE BREAKOUT. TAKE THIS STUDY AS A EDUCATION, DO YOUR ANALYSIS BEFORE TAKING/ENTERING INTO THE TRADE.
THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR ANY PARTICULAR STOCK/SECURITY.
Hugevolume
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON TATACONSUM.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON MAHASEAMLES.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
Likely to break monthly resistance and go for a huge bull runTatacoffee broke a major weekly trendline with good volumes. Now it is heading to break a monthly resistance which is at 183 levels. The stock also formed a rounding bottom pattern.
If the stock closes above 184 on weekly chart that is by breaking rounding bottom pattern and monthly resistance then we can expect a huge bull rally with 120 points as profit/ share.
IBULHSGFIN BULLISH ASCENDING TRIANGLEBreakout from ascending channel pattern
Logic:
1.Breakout in the higher time frame
2.Good volume
3.Market structure
4.Higher high and lower low
ZEEL BREAKOUT FROM CHANNELKeep an eye on this stock
logic
1. Weekly trendline support
2.Channel breakout
3.Huge volumes
4. Very good R: R
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
IOC | Long Term Trendline Breakout with Volume 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕
--Buy above =102.60 or CMP
--Target = 116.80 | 143.40
--Stop-loss = 84.80
--R:R =2.76
--Expected Profit = 39%
--Expected Holding = 1-3 Months only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Long term Trendline Break with volume
2) Long Term Resistance Breakout with volume
3) Volume is perfect
4) Stock has given the Triple Bottom Breakout
5) Fundamentals will support the stocks as well
6) Target is based on pattern height & S&R zone basis
Guys check out the related ideas as well, it will work really well GUARANTEED !
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PNB | Double Bottom & Accumulation zone 🎯⭕ Trading opportunity ! Chart Alert !!! ⭕
--Buy Above =35.85 or CMP
--Target = 56.75
--Stop-loss =30.20
--R:R = 3.7
--Expected Profit = 58 %
--Expected Holding = 3 months only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) pnb is in range now & having a really high volumes after the fake breakout
2) Kind of a double bottom & accumulation zone
3) Trendline is also broken
4) target is somehow based on resistance zone as well
Guys check out the related ideas as well, it will work really well GUARANTEED !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !