BOMDYEINGBOMDYEING:- Breakout is going to give after 4 years, wait for breakout and plan something only after that.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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Nsestocks
EVERESTIND's Recent Breakout - A Dive into the Technical📈 EVERESTIND's Breakout Analysis 📉
Hello, fellow traders! Today, we're diving deep into EVERESTIND's breakout that occurred on 7th August 2023, shortly after the company announced impressive financial results. The stock has shown some intriguing patterns, and I'm here to break it all down for you, especially if you're new to the world of trading. Let's get started!
🔍 Key Observations
EVERESTIND announced stellar financial results, leading to a breakout on 7th August 2023, accompanied by impressive volume.
Before this breakout, the stock maintained a robust base hurdle, with previous swing lows remaining unbroken.
High volume on bullish candles indicates potential accumulation .
Despite the price decrease over the past two days, the last candle is an inside candle , with its mother candle being a large bearish one. However, the selling volume is minimal.
The price seems to be retesting the breakout, possibly due to RSI bearish divergence.
📉 Trading Strategy
First Entry: Buy if the high of the inside candle is broken, around 1030.
Stop Loss for First Entry: Below the inside candle.
Second Entry: On a retest of the breakout, around the 1000 level.
Stop Loss for Second Entry: Below the plotted support zone on the chart, which was previously a resistance.
📚 Let's Learn Some Technical Terms!
1. Inside Candle: A candlestick pattern where the current candle's high and low are within the previous candle's high and low.
2. RSI Bearish Divergence: When the price makes a new high, but the RSI fails to make a new high, indicating potential weakness in the trend.
3. Accumulation: A phase where investors buy or "accumulate" a stock in anticipation of a future price increase.
🚫 Disclaimer
This analysis is for educational purposes only. I am not a SEBI registered analyst. Always do your research before making any trading decisions.
"In trading and in life, patience is not just a virtue, it's the key."
🔗 Connect with Me!
For more insights and analyses, follow my TradingView profile: in.tradingview.com
Thank you for your support and feedback! If you found this analysis helpful, please like, comment, and follow. Happy trading!
VMARTVMART:- Trendline + Resistance is going to give breakout, wait for proper breakout
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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Ajay.
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INDIACEMINDIACEM:- Cup and handle pattern has been formed, breakout has also been given, if the price sustains the upside, we may see upside movement
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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BRIGADEBRIGADE:- Wait for the breakout till then keep an eye on the stock
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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TV18BRDCSTTV18BRDCST :- Head and shoulder pattern has formed, breakout has also given, keep an eye on the stock
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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ASTRALASTRAL:- Wait for breakout only after planning something
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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Apollo Hospital Trending Up holding Major AveragesApollo Hospitals have been trending up holding 20 & 40 DMA now it has pulled back to 40 EMA at 5080 & previous swing low of 5000 should be major support for next leg up & wave structure is also bullish we are in Wave 3 Up.
Charts shared for Educational purpose.
Kingfa Science and Technology Bullish on the BreakoutKingfa Science and Technology (KINGFA) is a leading manufacturer of medical devices in India. it is showing signs of a breakout. This is a good opportunity to buy the stock and ride the upside potential.
Kingfa Science and Technology (KINGFA) is a leading manufacturer of medical devices in India. The company has a strong track record of growth, and it is well-positioned to benefit from the growing demand for medical devices in India
The stock has been consolidating in a range for the past few months, and it has recently broken above the resistance level of 2180. This is a bullish signal, and it suggests that the stock is poised for further upside.
Kingfa Science and Technology, NSE, stock idea, breakout, bullish, medical devices, India, earnings growth, product portfolio, new markets, demand
Disclaimer:
This is not investment advice. Please do your own research before making any investment decisions.
NATCOPHARMNATCOPHARM:- Stock has given strong breakout, if stock comes back for retesting then you can plan something
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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GRANULESGRANULES:- Pole flag pattern showing wait for breakout
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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ICILICIL :- Pole flag pattern is showing formation, wait for breakout and watch
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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BOROLTD BOROLTD :- Stock is about to breakout of neckline by forming double bottom pattern, keep an eye on the stock
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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Ajay.
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PNCINFRAPNCINFRA:- Consolidation is happening in a range, if we get a breakout, we can see a strong movement to the upside.
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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HDFCLIFEHDFCLIFE:- Stock has given breakout, with very strong candles, breakout after 1.5 years
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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GRAPHITEGRAPHITE:- Wait for breakout, upside movement may be seen
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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Ajay.
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IEX Buy, based on Weekly chart.IEX is finally showing signs of a consolidation and also a potential breakout after a healthy correction from ATH. With RSI at 50+ on weekly charts, this makes it a good candidate for buying on dips for as long as trend is up.
To ascertain if trend is up please keep track of certain indications -
1] Price action - Higher high and higher low formations
2] Moving averages sloping upwards
3] RSI above 50.
Please keep an appropriate stoploss based on either support zones, moving averages or ATR and make sure to implement proper position sizing.
RELAXORELAXO:- Wait for breakout, Upside movement can be seen, keep an eye on the stock
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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Ajay.
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CHEMPLASTSCHEMPLASTS:- Stock is about to give breakout after almost 1 year, wait for breakout
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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Ajay.
keep learning and keep earning.
DCBBANKDCBBANK:- Wait for the breakout, plan something only after that, till then keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.