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Momentumbreakout

#NationalAluminium ascending wedge breaking outside resistance#NationalAluminium ascending wedge breaking outside resistance The stock seems to be breaking out of a previous resistance zone within an ascending broadening wedge patterns where swing trading opportunities till upside of channel now.Wide range bullish breakout candle and momentum and trend give Indication that price could be heading ahead. Stop loss below alert candle and entry above it targeting channel top could be good be good.
NSE:NATIONALUMLong
by seekedgetrade
#interglobeaviation #indigo inverted weekly HNS breakoutThe stocks seem to be breaking out of an inverted head and shoulder pattern on weekly. Daily may be breaking out a flag pattern after earlier consolidation. The volumes are above moving average.The trend indicator is in dmi positive bull zones on all timeframes and trend strength is seen rising on all timeframes. Momentum also is bullish on all timeframes. With a stop loss below neckline of the pattern This swing /positional trade could further move reasonably good risk reward if pattern works out.
NSE:INDIGOLong
by seekedgetrade
#adityabirlafashion cup pattern and channel breakoutAditya Birla fashion and retail is breaking out from trendline channel and a cup pattern. Great momentum and rising trend can be seen on short medium and long timeframes. Volumes are also good above moving average and given that several resistances taken out earlier week goes back To 5 years may be indicating this stock currently at all time high levels could give much more on the upside Stop loss below breakout levels and entry in any daily retracement could still give reasonable risk reward
NSE:ABFRLLong
by seekedgetrade
#Bata weekly cup pattern breakout in progressBata is having a cup break out in progress since few weeks now. Stock at all time high price levels the momentum is bullish on all timeframes while trend indicators are bullish as well with strength seen rising on all timeframes.Weekly may be forming an unconfirmed momentum divergence need be cautious about. The stop loss below the breakout zone could be tried for a positional play with entry on the daily candle.risk reward for short swing trades may not be very favourable.
NSE:BATAINDIALong
by seekedgetrade
#Network18 Mahurat Trading Positional mid cap Momentum Breakout'Flag pattern' breakout on daily charts in progress.Also the weekly charts show that a 2011 year started 'Rounding pattern' breakout in progress Momentum bullish on all timeframes.Bullish reverse divergence in play on daily.weekly The trend indicator ADX showing that the trend strength rising up on weekly timeframe.Volumes on weekly are above moving average and walking on Bollinger bands indicating bullishness This small cap media stock promotors includes reliance with big bull Rajesh Jhunjanwalla investment too. latest Financials shows debt reduction and current year turning profitability as well. This could be good swing or positional bet with rounding pattern neckline should be stop loss
NSE:NETWORK18Long
by seekedgetrade
#ICICIBANK Breakout, bullish divergence &gap support with a doji#ICICIBank 18% breakout from previous resistance in just 2 weeks following earnings but gave up half of it forming a indecisive gravestone doji at a gap support.what else to do when even index gives up >5% in same time. Daily timeframe has a bullish reverse divergence that could lift it up. Momentum is very good on all timeframes intact in bullish zones ADX trend strength rising up on weekly and dmi positive in bullish zones and rising as well. Above moving average volumes on weekly.Banking index also is at a support forming a hammer bounce candle. Be cautious on the dojo on weekly as it indicate the bear pressure. Therefore gap support should be stop loss for swing trades with entry above previous candle high.
NSE:ICICIBANKLong
by seekedgetrade
#kotakmahindrabank. Breaking out from resistance The stock has broken out to create all time high levels from a previous resistance zone that was tested earlier multiple time this year. It is currently walking on Bollinger band after a squeeze breakout seem to be bullish. Momentum is good on all timeframes and ADX trend strength is see rising up which is bullish. Banking sector as such is very bullish same time. Keeping the breakout neckline as stop loss swing/positional trades could be made with entry on a Small retracement candle or above previous candle high if aggressive.
NSE:KOTAKBANKLong
by seekedgetrade
#larsen&toubro trending up from rounding breakoutThe stock continue trending up well within a channel after the rounding pattern breakout many weeks back. Momentum and trend indicators are in bullish zones on all timeframes.Volumes are decent above 20 moving average. Have tight stops for short swing trades as there could be weekly bearish divergence that could pull it down. However the pattern could eventually retrace to form a cup and handle also for positional trades where breakout neckline could be stop loss
NSE:LTLong
by seekedgetrade
#INDIANHOTELS INVERTED HEAD&SHOULDER BREAKOUT The weekly charts for the stock shows an inverted head and shoulder pattern that ha clearly broken out. Can u believe that it moved more than 41% . It also had taken out a major previous resistances since 2008 and 2018 while breaking out. The price momentum and trend indicators are bullish on every timeframe. An entry could be made on daily retracement candles and FIB levels 23 could be stop loss for swings while Neckline of HNS pattern can be positional long term play in this counter.
NSE:INDHOTELLong
by seekedgetrade
# HDFCBANK ON THE EDGE OF A POTENTIAL BREAK OUTHDFCBANK one of the largest constituents of the market index is at the edge of a potential big breakout if it works out. There is a rounding pattern formed and it already has cleared the previous 1641 resistance and is at all time high but just need a green candle close above for confirmation. The Fibonacci extension levels indicates 1800 levels possible even if 50% FIB levels are met. The trend indicators ADX is DMI + bull zones and strength of it seen rising on all timeframes short/medium/long. The price momentum also is clearly bullish all around.However put tight stops below neckline of the breakout zone below entry candle. If this breaks out really you could image where nifty /bank nifty could get to.
NSE:HDFCBANKLong
by seekedgetrade
#kotakmahindrabank:flag pattern&channel breakoutmomentum and trend indicator now showing that all timeframes are bullish stock had earlier broken out of resistance zone back in nov 20 but had retraced back to take support at previous resistance and then bounced from change in polarity aug 2021. Monthly weekly had been retracing in a trendline channel forming a flag pattern which broke out further up last week. There is likely for further up-move and an entry above current candle high with stop loss close below neckline on resistance zone could work out.
NSE:KOTAKBANKLong
by seekedgetrade