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Data Patterns: Potential Profits of More then 30%Trade Report: Unleashing Potential - Data Patterns Soar on Technical Breakout Introduction: Data Patterns, a stock under scrutiny, has recently exhibited compelling technical signals, igniting excitement among traders. The stock has not only broken out of a wedge pattern on the upper side but has also witnessed a simultaneous breakout of both the 50 and 100-day Exponential Moving Averages (EMA) on today's trading session. Disclaimer: This analysis serves for education, not as advice. Trading involves risks, so tread cautiously and make informed decisions. Best of luck in your trading endeavors! Technical Analysis: Wedge Breakout: Data Patterns has successfully breached a technically significant wedge pattern on the upper side, indicating a potential bullish momentum in the stock. EMA Breakouts: The breakout of both the 50 and 100-day EMAs signals a strong upward trend. This reinforces the bullish sentiment and suggests the potential for sustained positive price action. Above Major EMAs: Notably, the stock is currently trading above all major EMAs, including the 13, 20, 50, 100, and 200-day EMAs, affirming a robust bullish trend. Trade Entry and Retest Opportunity: Traders have two strategic options for entry: Immediate Entry: Take a position now at the current price of 1979, riding the momentum of the recent breakout. Retest Entry: Alternatively, patient traders may wait for a retest of the breakout level near 1890 before entering the trade, ensuring a more conservative approach. Risk Management: Stop Loss: Place a stop-loss order at the 200-day EMA , approximately at 1790, to mitigate potential downside risks. Upside Targets: Anticipated upside targets for Data Patterns: 1-2100 2-2300 3-2500 Conclusion: Data Patterns exhibits strong technical signals, suggesting a potential bullish trend. Traders can choose between an immediate entry or a more conservative retest entry strategy. Risk management is crucial, with a recommended stop loss at the 200-day EMA. Upside targets provide a roadmap for potential profits. Disclaimer: This analysis serves for education, not as advice. Trading involves risks, so tread cautiously and make informed decisions. Best of luck in your trading endeavors!
NSE:DATAPATTNSLong
by ZoneFlow
Reliance LongPlease note that I'm not a financial advisor, and investing in the stock market involves risks. It's important to do thorough research or consult with a financial professional before making any investment decisions. Reliance Stock Today at 2399 Rs. Better Risk to Reward Entry Condition Entry with 1/2 Quantity Stop Loss Below 2280 on Day Basis If Stock Cross Above 2475 Again Enter With 1/3 Quantity Trailing stop loss to Entry Price Wait for Target 1 and Target 2 Keep an eye on ADX on 4Hr Time Frame for Profit Booking there has been a consolidation over four quarters, which might indicate a period of stability before a potential breakout. Remember that market conditions can change rapidly, and past performance is not indicative of future results. It's essential to stay informed about the company, market trends, and other relevant factors that could impact the stock. Additionally, make sure your position size and risk exposure align with your overall investment strategy and risk tolerance. If you're not familiar with any of the terms or strategies mentioned, or if you have doubts, consider consulting with a financial advisor who can provide personalized advice based on your financial goals and risk tolerance.
NSE:RELIANCE
by CapitalGain360
1
BHANSALI ENG POLYM Breakout prediction long opportunityBHANSALI ENG POLYM is a Process Industries/ Industrial Specialties stock that have been consoladating for past 7-Months. by looking the volume spike it seems bulls will be taking the stock to outside the channel now. once breakout is successful, after little consolidation it can give a very nice Risk:Reward :: 1:3 Approx. Reasons: RSI is crossing 60 to upside. (Bullish) 200 EMA have been providing a nice support for very long time. In History also it has been a nice support and resistance. Rectangle Pattern breakout is about to happen. If it gives a popout candle then you may go long by putting a small stoploss. Price > EMA(13,50,200) which shows bullishness. but as it has been a trendy momentum for past 2 weeks. I am expecting it to give little consolidation outside the channel and then bullish momentum. Verdict: Bullish Breakout is about to happen Plan of action: Entry after consoladition BUY: 98-100 after consoladition Stoploss: 96 Target: 111
NSE:BEPL
by finnova_
Long setup in KPRMillAn Rounding Bottom Chart Pattern Breakout happened on the weekly Time frame of NSE:KPRMILL Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned on the charts. Stop loss will be on a weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Rounding Bottom Chart Pattern Technical Indicator :- Positive MACD Crossover
NSE:KPRMILLLong
by raigvivek
RICAUTO Breakout analysis on 22 NovRicoAuto has given a breakout after taking the support at 200 EMA. As it has given the breakout a nice bullish momentum is expected. The trade has a nice Risk:Reward :: 1:3. Reasons: High spike of voulme shows huge buy interest. Price > EMA(13,50,200) (Bullish) Nice Range Breakout next level of resistance is 109. RSI is crossing 60 to upside means heavy bullish momentum. Price is just above VWAP. Verdict: Bullish breakout Plan of action: Buy = 95.60 Stoploss = 91.40 Target = 109
NSE:RICOAUTOLong
by finnova_
Long Setup in NAM IndiaAn Inverted Head & Shoulder Chart Pattern Breakout happened on the weekly Time frame of NSE:NAM_INDIA NSE:NAM_INDIA Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned on the charts. Stop loss will be on a weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern Technical Indicator :- Positive MACD Crossover
NSE:NAM_INDIALong
by raigvivek
1
CUB Bullish breakout analysis 21 Nov 23 CUB has given the breakout as can be seen on the chart. we can make a entry once it give us a retrace and then it goes bullish. you can buy the stock once it drops to price 144-146. and hold it till 160 with Risk:Reward :: 1:3 approx. Reason: Stock has given the breakout of rectangle pattern range 120-142. (Bullish) Just EMA(13,200) crossover, also golden crossover. (Bullish) Price > EMA(12,50,200). (Bullish) RSI > 60 crosing to upside. (Bullish) Verdict: Bullish Breakout done Plan of action: Entry after retrace BUY: 144-146 after retrace Stoploss: 141 Target: 160
NSE:CUBLong
by finnova_
Sequent swing bullish Prediction Sequent is performance based stock. It gave a breakout earlier and now after a nice consolidation it seems to move again in bullish direction. Reasons: Taking support at trendline near 200 EMA and VWAP. Moving in Higher HIGH Higher LOW. Important level are marked in the chart. RSI breaking 50 to upside shows Bullishness. Re-Breakout after 3 month of consolidaiton. Verdict: Bullish Movementum Continuous Plan of action: Buy: 101 Stoploss: 98 Target: 112-114
NSE:SEQUENTLong
by finnova_
IRCTC looks good for investingThe long-term prospects for IRCTC appear promising, supported by its historical bullish trajectory. Following a substantial correction, the stock has retraced to a key demand zone, signaling a potential trend reversal. The price action suggests that the corrective phase may be concluding, laying the groundwork for a renewed upward movement. Investors are keenly observing these developments, considering the favorable positioning within the demand zone as an opportune moment to capitalize on potential future gains.
NSE:IRCTCLong
by anuragAnand321
1
CAMS - LONG ENTRYCAMS Looking very good for Swing as per my Analysis :- Volume: Volume is greater than previous session by 1475.32%. Volume is greater than last 10 sessions average volume. Volume is greater than last 10 sessions volume. That is a high volume. Highest volume marked in last 20 sessions. That is a volume spurt. Highest volume marked in last 50 sessions. That is unusual volume. Highest volume marked in last 100 sessions. That is unusual volume. Highest volume marked in last 1 year. That is huge and unusual volume. Volatility: ATR% of the stock is 3.14% Average of last 20-day is 3.07% Volatility is high. Moving Average Observations: Price remains above 200-day Moving average. Price above 50-day, 100-day and 200-day Moving average. Moving average alignment is bullish. It is an uptrend & a bullish setup. RSI Observations: The Daily RSI indicator has remained above 50. This is a bullish zone. Current Daily RSI reading is 68.29. The Weekly RSI indicator has remained above 50. This is a bullish zone. Current Weekly RSI reading is 63.56. The Monthly RSI indicator has remained above 50. This is a bullish zone. Current Monthly RSI reading is 61.21. ADX Observations: The Daily DMI position remains bullish. The Daily ADX went up by 10.38%. Current ADX reading is 17.01. The Daily distance between DMI lines is 54.87%. The Weekly DMI position remains bullish. The Monthly DMI position remains bullish. Donchian Channel Observations: Price is above middle Donchian channel (Bullish). Price is at Upper Donchian channel band. Upper band is rising. 20-day new high marked. Difference between bands is 22.35%. Ichimoku Observations: Price above Ichimoku clouds. Clouds are bullish. Tenkan line went above Kinjun line in current session. Bullish crossover. Tenkan line is above Kijun line. Ichimoku setup is bullish. Current cloud range is 0.17% and Future cloud range is 0.22%. Bollinger Band Observations: Price is above middle Bollinger band (Bullish). Price is above Upper Bollinger band. Bands are expanding. Difference between bands is 21.96%. The Setup will change below 2470.
NSE:CAMSLong
by YASHSINCE1995
HSCL Bullish Breakout analysis 13 NovHSCL is a process industry. By looking at the chart data, it has given a confirmed breakout. After a nice bullish move, it has been consolidating for the past two months. It now again has given the breakout of the descending triangle pattern, which is a continuation pattern. HSCL might be making a nice, bullish move. Reason: Price > EMA(13,50,200) seems continuation of the trend.. RSI > 50 crossing 60, means bullish trend. Price > Vwap (just Near the VWAP to upside) Descending triangle pattern BREAKOUT to upside Volume is more than average(20) that shows heavy bulls intrest in buying side. Verdict: Highly Bullish R:R :: 1:3 Plan of Action: Buy: 259 Stoploss: 245 Target: 295
NSE:HSCLLong
by finnova_
New week yellow: The trend of reducing the gameSamson greets everyone! The downward trend in prices continues at the beginning of the new week. Currently, at the opening of the week, precious metals are trading around $1938. There are no new developments in the tense situation in the Middle East, and the USD continues to strengthen. The Federal Reserve has not clearly determined the possibility of an interest rate hike, which negatively affects the price of gold. On the 4-hour chart, Gold is showing signs of a reversal and is trading below two downward trend channels. Therefore, the downward trend is playing a favorable role in the market this week. The expected support level for this decline is $1915.
OANDA:XAUUSDShort
by Samson-FX