MAZDOCK BREAKOUT !
🔍 Technical Analysis Highlights:
Breakout Formation:
Price is testing the breakout zone (~₹5,041), signaling bullish momentum.
Volume Confirmation:
Increasing volume indicates strong buyer interest.
EMA Support:
The stock is trading above both the 21-day and 50-day EMAs, confirming bullish strength.
Bullish Trend:
The stock has shown strong recovery from lows, forming higher highs and higher lows.
📊 Trading Setup
Current Price: ₹5,030.65
EMA Levels:
21-Day EMA: ₹4,647.27 (Blue Line)
50-Day EMA: ₹4,452.96 (Purple Line)
✅ Entry Point
Buy above ₹5,041 (recent breakout zone).
🎯 Target
Target 1: ₹5,555 (near resistance level and marked profit area).
🛑 Stop-Loss
Place SL at ₹4,858.70 (recent swing low).
⚙️ Risk/Reward Ratio
Risk/Reward ratio is favorable, with clear upside potential and minimal downside risk.
Moving Averages
HOW LIQUIDITY WORKS!In trading, liquidity refers to how quickly and easily an asset can be bought or sold in the market without significantly affecting its price. It reflects the availability of buyers and sellers and the volume of trading activity for a particular asset.
Key Aspects of Liquidity:
1. High Liquidity:
The asset can be traded easily with minimal price changes.
Common in popular markets like major stocks (e.g., Apple, Tesla), forex pairs (e.g., EUR/USD), and widely traded cryptocurrencies (e.g., Bitcoin).
2. Low Liquidity:
It’s harder to find buyers or sellers, leading to potential delays or price changes during transactions.
Common in niche markets, lesser-known stocks, or illiquid crypto tokens
Importance in Trading:
Efficient Price Discovery: High liquidity ensures prices reflect market demand and supply.
Lower Risk: Traders face less risk of slippage (unintended price changes during execution) in liquid markets.
Flexibility: Allows traders to enter or exit positions quickly, especially important for day traders and scalpers.
In summary, liquidity is crucial for smooth and cost-effective trading.
#Stockmarketeducation
Coromandel International (COROMANDEL) - A Swing Trade SetupBullish Flag Pattern 🚩
Potential for a strong upmove 📈
Strong support from key moving averages 🚀
Accumulating buying interest 💰
Trading Plan:
Entry: Buy above ₹1,795 on a breakout with strong volume 🟢
Target 1: ₹1,950 🎯
Target 2: ₹2,000 🎯
Stop-Loss: ₹1,733 🛑
Risk-Reward: Favorable 1:2
NVDA | 200 EMA + trendline + Retest -> Support | long side TradeNVDA | 4H Chart | 200 EMA Long Setup 🎯
Here's a straightforward trend-following setup on NVIDIA (NVDA) using the 4-hour timeframe.
-Strategy:
1. 200 EMA (yellow line) acts as a dynamic support level, indicating a bullish trend.
2. Long Entry near the bounce off the 200 EMA, with price consolidating above key support.
3. Trend Line Support level
4. Stop Loss placed safely below recent lows to manage risk.
5. Two Target zones are marked for partial profit-taking:
- Target 1: The previous swing high.
- Target 2: A potential continuation towards higher highs, aligning with the broader uptrend.
- Why This Setup?
- Price respects the 200 EMA, Trendline and Support Retest level, signaling strong buying interest.
- The risk-to-reward ratio is favorable, with clearly defined entries and exits.
- NVDA remains in a structural uptrend, offering a solid opportunity for swing traders.
Trade with discipline, and always manage your risk! 🚀
Let me know your thoughts or suggestions in the comments. 👇
Radico Khaitan Ltd – Resistance Breakout Setup📊 Analysis:
The stock is consolidating just below a key resistance zone near ₹2,457, forming higher lows and indicating bullish pressure. Supported by the 21-EMA and 50-EMA, the price is preparing for a potential breakout with increasing momentum.
📈 Trading Plan:
Entry: Buy above ₹2,460 (on breakout confirmation with strong volume).
Target 1: ₹2,600
Target 2: ₹2,665
Stop-Loss: ₹2,372 (below recent support and EMAs for risk management).
🛑 Risk-to-Reward Ratio: Approximately 1:2
💡 Note: Look for a decisive candle above ₹2,460 with high volume to confirm the breakout. Stay cautious if the stock fails to sustain above resistance.
TCS: Bullish with Key Resistance at 4500Topic Statement: TCS is moving in a bullish direction, with resistance at 4500 and opportunities for channel trading.
Key Points:
1. The stock is trending within an up-trending channel, signaling continued bullish momentum.
2. A key resistance level exists at 4500, which may limit short-term gains.
3. Ideal buying opportunities are near the lower end of the channel, where the price aligns with the 180-day moving average.
AMBERAMBER has given approx 20% correction from the top. Retraced about 50% from recent rally. If it doesn't close below 5700 then it may take a good bounce and me resume its rally from this levels. Risk-reward is quite in favor. RSI reversal on daily time-frame also observed. Keep it on radar. AMBER is one of the stock which IMO seems fundamentally strong as well. Do your due diligence.
WIPRO - broken out of an Ascending Wedge patternASCENDING WEDGE PATTERN -
wipro has broken out of ascending wedge pattern with gap-up opening indicating strong bullish momentum for the stock
100D MOVING AVERAGE -
price has tested the 100D simple moving average several times and have gone upwards indicating strong potential for upward movement
HIGHER HIGHS & HIGHER LOWS -
price has formed multiple higher highs & higher lows indicating price is having bullish momentum
TARGET PRICE -
price will go till 317 level
Nifty analysis for 11/12/2024.
Nifty is in a range bound cycle after the bullish move from the recent low. 50% Fibonacci levels is acting as a crucial resistance level for the market.
Overall market seems bullish but still the market can take the resistance form fib levels and revert to continue the bearish trend.
The moving averages on the hourly charts are near to the trading price and it can move either way.
Major support levels :- 24500, 24330, 24170
Resistance levels :- 246660, 24770
Wait for the price action near the levels before entering the market.
JSW Energy RSI positive divergene and HARMONIC ANTI BAT patternHello Everyone,
Jsw energey taking support of trendlines and demand zone of 600 and 640 small bounce is there RSI positive divergence and BULLISH harmonic pattern ANTI BAT formed so its overall confluence set up EMA50 will act as resistance breaking above that will go for bullish upto 780++ gor both swing as well as positional is overall reverasl set up
Nifty weekly expiry intraday levels for 25/12/2024Nifty has given a nice closing around the resistance zone and a good support on 20 EMA is there on 30 minutes.
Tomorrow is weekly expiry and a volatile trading day will be there as all the volume will be in this only index tomorrow.
Support levels :- 24460,24345
Resistance :- 24570, 24670
If market consolidate in the first half and gives a break out, trending move can be capture either side.
Wait for the price action near the levels before entering the market.
Union Bank of India Triangle BreakoutThe stock is breaking out of a descending triangle pattern and has successfully retested the breakout level. A bullish momentum is expected as the retest holds strong, supported by rising volume and favorable technical indicators.
Trade Setup:
Entry: ₹126.06 (current price near breakout zone)
Stop Loss: ₹117.50 (below key support level)
Target: ₹159.88 (measured move based on triangle height projection)
Technical Observations:
200 EMA Support: The price has reclaimed the 200 EMA, indicating strong bullish sentiment.
RSI: The RSI is trending upwards near overbought territory but has room to rise further.
Volume: Increasing volume confirms breakout strength.
Strategy:
Long Entry: Enter above ₹126.06 after a breakout confirmation.
Risk-Reward: Favorable with a target near ₹159.88 offering significant upside potential.
Position Management: Trail stop loss once the price reaches ₹140 to secure profits.
Coforge - Bullishness on overextentionTopic Statement: Coforge is on a robust bull run but currently overbought, signaling a potential correction ahead.
Key Points:
1. The price has overextended above the 360-day moving average, indicating a likely pullback.
2. The stock has strong fundamentals, reinforcing its long-term potential.
3. Ideal buying opportunities arise when the price is near or below the 360-day moving average.
Bullish Breakout in Castrol India Ltd: Falling Wedge Pattern ConCastrol India Ltd has shown a strong bullish signal by breaking out of a falling wedge pattern on the daily chart. The breakout is accompanied by a significant surge in volume, confirming the strength of the move.
Suggested Trading Levels:
Entry: Near ₹220.34 (current breakout level).
Stop Loss (SL): ₹195.00 (below the breakout zone and support level).
Targets:
Target 1: ₹250.00 (initial resistance level).
Target 2: ₹280.00 (based on the height of the falling wedge added to the breakout point).
Rationale:
Breakout Confirmation: The price has clearly broken out of the falling wedge pattern with strong volume, indicating bullish momentum.
Stop Loss Placement: Below ₹195.00 ensures protection against false breakouts while respecting the wedge boundary.
Target Calculation: The pattern's height provides a projection toward ₹280.00, with ₹250.00 as the intermediate resistance.
Nifty analysis for 03/12/2024Nifty has been trading in a range for last five trading session and there are possibility of a trend reversal as the chart seems to me.
It is trading around the Hourly EMAs and has closed above it after good fall on Thursday.
If there is a break out of the resistance zone, 24500 can also be breached and new highs around 24730 can be seen.
A base and W pattern formation is there around the low created. Buy on dip can be done once the crucial round number figure is taken out.
Resistance :- 24350, 24500, 24940
Support zone :- 24090-24140
The market is looking strong for the coming days. Market reaching 25k this week or the next can be seen.
Wait for the price action near the levels before entering the market.
OFSSThe chart is self-explanatory and is shared for educational purposes.
OFSS STOCK has shown a gradual upward movement, trading above the 50, 150, and 200 moving averages. After the breakout, the resistance became a support. Considering these factors, it is possible for the upward movement to continue.