Longtrade
ADANIPORTS | BREAKOUT | ACCUMALATE EVERYTHING ABOVE 400!!!Stock has given clear inverse head and shoulders pattern breakout over the levels of 400 on the weekly charts and has confirmed it with the following bullish candles. Stock can definitely be accumulated for a good long position on the lower levels with the stop-loss of 400 for the targets of 600.
ANOTHER INVERSE HEAD AND SHOULDERS, POSSIBLE BREAKOUT OVER CMP!!As clearly seen, stock has completed the inverse head and shoulders pattern on weekly charts and is ready to give a breakout if it breaches the current market price. Fresh position can be taken on these levels with the stop-loss of 85 for the targets of 135 from here.
Buy Adani Ports - Double cup with Head and Shoulder1. Respected 1st Cup and Handle
2. Formed Head and Shoulder inside 2nd Cup and Handle
3. Awaiting resistance line breakout with volume support. RSI is in good levels
4. Two possible outcome marked in blue arrow lines
4. Reported rise in net profit
5. Krishnapatnam Port purchase
6. Strictly for someone looking for long term investment. Could yield good results until Modi;s government doesn't topple
ICICIPRULI Can give good move if it breaks channel decisivelyNSE:ICICIPRULI Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Learn before executing the trade..
4. Always wait for candle close..
5. To learn more about patterns and trading... contact us.. Thanks..
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AMBUJA CEMENTS - BULLISH BREAKOUT SETUP NSE:AMBUJACEM
Stock has given a good bullish breakout supported by massive volumes and good RSI and relative strength.
-> 195 has been a good previous support. When it was breached, after a short correction stock has shown a quick v-shaped recovery and
consolidated again at its previous levels and has given a good breakout. Now if has to move up, 195 would act as a good support again.
My View: Long for a short term view if it sustains 200 levels
PS: Trade with caution or wait for some more price action. (It could result into a failed breakout)
Diclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
Equitas Holdings: Bullish break-outEquitas holdings has been forming a triangle pattern where 56.50 level has been acting as a strong resistance since late April.
Price tested the upper resistance zone of 56.50 around 3 times in late April, once in mid May and multiple times in the last week of June. Thus, making it a strong resistance. Further, in the lower side, price has been obtaining support along the trend line ranging from 41 to 45 to 48 thereby reducing the size of the triangle.
On 7 July 2020, Equitas holdings broke the strong resistance of 56.50 with a huge volume spike (largest in 3 months) and closed above the resistance line at 58.90 signalling a bullish break out. Measuring the average height of the triangle, the stock is expected to gain at least 10 points from the break out zone.
Long: 59 (or if there is a pullback - close to 57)
Target 1: 66; Target 2: 69
SL: 52
Technicals:
1. MACD: Steep divergence in the making as the MACD level line cuts the MACD signal line from below.
2. Price strongly cuts and closes above 200 EMA