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Momentumbreakout

#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
#AXIS bank .potential breakout candidate on watchlistAXIS bank shows a potential breakout from a previous 2 year old resistance zone. Looks like it is forming inverse Head and should pattern on weekly timeframes with neckline same as the resistance zone with potential to break out upside If it worked out.Momentum and Trend indicators are showing bullishness on all timeframes now.Enter only on confirmation of breakout with a green candle close above and tight stop loss below entry candle.
NSE:AXISBANKLong
by seekedgetrade
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#deepaknitrate : momentum and trend breakout#deepaknitrate This stock looked good on august 11 when it had bullish reverse divergence but the up move didn't sustain and could have stopped out for if had a swing trade with a tight one below entry candle. However it took support on channel low and regained it momentum again with above average volumes and made a +15% up move. Looks like we can expect a channel trending move henceforth and therefore an entry on next retracement levels could be a good bet as it moves further up. The momentum and trend indicator are showing bullishness on short medium and long term timeframes.
NSE:DEEPAKNTRLong
by seekedgetrade
#polycabindia momentum breakout in progress#polycabindia momentum breakout momentum and trend indicators indicate bullishness on all timeframes. momentum seen breaking out of a parallel channel with large volumes too. bullish divergence currently being played out has met the target on last move and need give some space since diluted momentum divergences exit at the same time.swing trade and entry only if any retracement comes and 2030 is a resistance zone from where it breakout should be stoploss
NSE:POLYCABLong
by seekedgetrade