Tata Power looking strong above 115. Target - 135/160 SL - 90 Note: For educational purpose only
HLVLTD (WEEKLY):- 10.85 CMP LOOKS GOOD FOR MORE UPSIDE :) 1) Multiyear Breakout :) 2) Volume Breakout
Bullish Above 314 Target : 348, 379+++ SL: 280 Risk is yours and Reward is too yours totally
ORISSAMINE (Monthly):- 3484.20 CMP LOOKS GOOD FOR UPSIDE :) 1) Multiyear Breakout Candidate :) 2) Volume spurts
NMDC is nearing its 9 year resistance, as the metal sector looks positive it is likely to break the multiyear consolidation.
On the daily charts of MOIL Ltd. a simple Inverted Head Shoulders pattern can be seen!! This is followed by a perfect breakout and then a perfect retrace too!!! Plus, this breakout is also the breakout of 5 year old resistance line!! (OPEN THE CHART FOR DETAILED VIEW) LEVELS: Entry: CMP (183) Target 1: 213 Target 2: 238 Target 3: 250-252 STOP LOSS: 173 TRAIL...
Suggested by @monkmaxims The stock had been in a down trend since forever (7yrs on monthly chart). Since 2020 crash, the stock was in low volume accumulation in a parallel channel. Suddenly, the accumulation volumes began to shoot up in November while the price continued to trade in the channel. Finally, this week it has broken out and how! Highest weekly volume...
The stock shot up one day post earnings. We can see massive volume accumulation in the past 6-8months. The whole sector is on an upmove. The company has very low debt and can multiply from here. Moving along with sector. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a...
As the chart shows, Indian Oil Corporation has given a BREAKOUT from a 3 year old resistance. (OPEN THE CHART FOR DETAILED VIEW) LEVELS: Entry: CMP (111-112) Target 1: 127.50 Target 2: 144.50 Target 3: 155.50 STOP LOSS: 102 TRAIL STOP LOSS VOLUMES ARE TOO GOOD!! Risk-Reward Ratio favorable I would recommend a long swing trade. FOLLOW IF YOU LIKE THE...
Self Explanatory. Riding a multi year breakout.
Pattern within a pattern. Huge accumulation over a year and a half. Good delivery volume seen in the last few days. Any positive development could take the stock higher above the all time high. Moving along with sector. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a...
The stock is forming multiple patterns on weekly as well as daily charts, with good volume inflow. In January it staged a failed breakout, and went down forming a down trending channel of 6 months (also the Handle of the log term C&H Pattern). After yesterday's earnings result, it broke out of the channel, and followed up with great price action and even higher...
The stock is showing some very interesting price action despite the sector being quiet in the last few days. A Gap up opening one day before earnings. Notice the massive volume clusters during the rounding bottom formation. It broke out of long time resistance on very high volume and followed through with absorption volume. Came back on low vol to test the...
RUPA (Weekly):- CMP 411.95looks good for upside :) 1) Multiyear Breakout :) 2) Volume Breakout
UNIVCABLES (Weekly):- CMP 191.5 looks good for upside :) 1) Multiyear Breakout :) 2) Strong volume Buildup
The stock has made a bullish breakout from a technical pattern of a Head and Shoulder on a weekly chart. Breakout is supported by its volumes where there has been an increase in volume near the breakout level. Thus, one can consider a buying opportunity in this stock Price consolidated for a 3 years Price was facing major resistance at 250 Price has taken out...
SCHNEIDER (Weekly):- CMP 130 Looks good for more upside :) 1) Multiyear breakout :) 2)Textbook pattern + volume spurt
Redington (Weekly):- CMP 219.75 Looks good for more upside :) 1) Multiyear breakout :) 2) Volume build up