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Tata Communication - Breakout of consolidation📈 Key Details 📈 Tata Communication is a prominent member of the Tata group, a leading business conglomerate in India with a major presence in telecommunications. The stock is currently trading at its all-time high levels, indicating strong bullish momentum. After a consolidation phase lasting over 40 days, the stock has broken out. 📈 Technical Analysis 📈 Tata Communication's chart reveals an exciting trading opportunity. The stock has recently experienced a bullish breakout on the 75-minute timeframe, accompanied by significant trading volume. The breakout candle opened with a gap up and formed a Marubozu, indicating strong buying pressure throughout the session. 📊 Trade Plan 📊 To capitalize on this breakout, consider the following trade plan: Enter a long trade above the high of the breakout candle. Set a Stop Loss (SL) below the marked supply area on the chart to manage risk effectively. Consider trailing your Stop Loss to protect potential profits as the trade progresses. If you find this analysis helpful, don't forget to like and share your observations in the comments section. Your support, likes, follows, and feedback keep me motivated to write consistently. 📢🚀 Follow me on TradingView for more insightful articles and trade setups: in.tradingview.com 💪💹 Happy trading, and remember: every trade is an opportunity for growth! 💹💪 Please note that this analysis is for educational purposes only, and I am not a SEBI registered analyst.
NSE:TATACOMMLong
by AfnanTAjuddin
2
Beautiful Breakout in UCO BANK.Good morning Traders. Here is the technical analysis of UCO Bank we all should know. >> Chart is self explanatory but to elaborating more Stock was consolidating in Symmetrical tringle pattern since 9 months. Where it has made a beautiful support and resistance lines in triangular shape and gave a Nit and clean breakout. >>In the weekly time frame, we can observe that it had previously given a rectangular breakout after 15 months of consolidation and went up by more than 150%. Now, after this previous rectangle breakout, a recent triangle pattern has emerged, appears more of a flagpole pattern in weekly TF. These increase the likelihood of success for this stock. >> Over the past decade, the stock has undergone a substantial correction of over 90%. However, upon examining its financials, it appears to be more stable and promising, as its non-performing asset (NPA) ratio has consistently decreased. >>Now, we can consider entering the trade if it continues to sustain above the breakout line. Our target could be a minimum of 20% at the 37 level, while it's important to set a stop-loss at 13% below, around the 26.80 level. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Please note I am not SEBI registered. Do your own research before investing.
NSE:UCOBANK
by BullishLine
RUSTOMJEE - Bullish Consolidation with VolumesNSE: RUSTOMJEE is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:RUSTOMJEELong
by BrahmaBull31
1
CHEMPLASTS - Bullish Swing Reversal with VolumesNSE: CHEMPLASTS is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:CHEMPLASTSLong
by BrahmaBull31
Breakout alert in CSB bank.>>Stock has been in an uptrend since last year. >>Over one year, it has been following a special trend line. >>Since January 2023, it has slightly changed its direction and is now forming a beautiful symmetrical triangle pattern. >>Today, it has reached its resistance level and appears promising to break it. >>If it breaks the trend line, we can initiate positions with a 1:1 risk-reward ratio as explained in the chart. >>PSU banks were in the limelight today due to their exceptionally good Q1 results. >>CSB banks also performed well, suggesting a brighter future for this stock.
NSE:CSBBANK
by BullishLine
A remarkable breakout in Escorts KubotaWelcome back! This time, we will analyze our third breakout stock, which is Escorts Kubota. Chart is Pretty self-Explanatory so we are going keep it short. Here are some pointers. >>Escorts has spent the past two years consolidating within a bullish parallel channel. >>Today, it experienced a notable breakout, suggesting potential for a substantial upward movement. >> In terms of fundamentals, the company is achieving its highest-ever sales and profits. >>Also the promoters have doubled their holdings, and both FII and DII participation is increasing. These factors point to a promising outlook for this stock. Entry & Targets- >>If this breakout candle sustains above the line quite well in the 1-day time frame, we can consider purchasing this stock. >>We will place our stop loss below the breakout candle at the 2500 level. >>Considering the promising growth, we can take a long position in this stock. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Please note I am not SEBI registered. Do your own research before investing.
NSE:ESCORTSLong
by BullishLine
2