Longposition
AartindAartind has been falling since 149 days and has reached its previous long term support and has formed a beautiful bear trap.
Bear trap logic- it has broken the support causing people to go short and after a few days the market moved higher on very high volume
trapping sellers and has broken the falling trednline
STOP LOSS: below the trap
Traget: 707.75
reliance bear trap reliance has been falling since 74 days and has reached its previous long term support and has formed a beautiful bear trap.
Bear trap logic- it has broken the support causing people to go short and after a few days the market moved higher on very high volume
trapping sellers and has broken the falling trednline
STOP LOSS: below the trap
Target: green line
PNB housing - daily After a rounding bottom breakout from 465-70 levels, it has tested 533-40 range and even done multiple retests.
Targets of 533-550-585 on daily charts and even higher targets of 585- 640- 695 possible after breakout from 585 levels.
SL can be around 460 for now but use trailing SL for positional trades.
Swing entry chance in LICHSGFINNSE:LICHSGFIN
There's a trendline which acts as support for the stock in 1 hour time frame, chances are that it might take support at the trendline again, if that happens we can take a short term entry on the stock and hold it till it reaches 143 levels as there is a resistance. If the price doesn't go back to the trendline to take support instead moves up and a breakout happens then we can enter above the resistance zone drawn using the rectangle and keep a target till 143, which might give 2-2.5% returns.
Reliance at a crucial levelBroken long tern trendline, can it regain it?
Will reliance take support on the neckline or break it?
RSI on hourly chart shows positive divergence
I think it will bounce from here or will it take nifty to lower levels along with it.
Can be weak after a close below 2285
Stay tuned
Granules on Daily and Weekly ChartHello Traders keep Granules on radar ....
Granules makes a Rounding Bottom pattern on a daily chart.
If it gives a breakout of 326.10 and holds it strongly.
Then we will see the levels of 362.20, a move of more than 11%.
362.20 is a Resistance on the weekly chart.
Happy Trading
Possible Cup and handle Breakout in ICICI SecStock has given breakout from its cup and handle pattern with good volume in Daily time frame.
If stock is coming for retest its previous resistance of 540-530 should act as immediate support. For further upside movement, stock has to close above 557.
All the possible targets are marked on the chart. Maintain strict stop loss at 490.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
NSE:ISEC
THOMASCOOKA beautiful Consolidation Breakout on counter.
Thomas cook Volume price Action.
Looking spurt in volumes can be a good chance to acquire from this levels.
Oct to Jan consolidation time now ready to Break his previous levels of 2019 C.I.P levels.
BUY - 70-21
Stop Loss (closing Basis) - 62
Positional Targets - 82 & 90+
Keep holding and keep patience.
@TheBreakOut
@vivek_mashrani @TheBreakOut @ExtremeVolume @volumetrader