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STEELCAST✦✦ BREAKOUT STOCK ✦ ✦ #STEELCAS CMP 828.60 The stock was in a long, 52-week consolidation phase before breaking out. 9-Week Small Base Formation 2x Average Volume on Daily Chart Rising EMAS Indicating Strength Entry Point: The ideal entry would be near the breakout level of 830-850, confirming the breakout above resistance with strong volume. Targets: 910, 1020, 1150 Stop-Loss: Set a stop-loss around 735, below the consolidation range, to manage risk in case of a false breakout.
NSE:STEELCASLong
by EmpireCrown
Shardha Cropchem aiming for a ATH Breakout!✅Aiming for a fresh breakout from previous ATH levels. ✅No resistance to the left if broke out. ✅Trading above key DMAs ✅Good Volume and wide candles on DTF. ❗️Little bit stretched. Ideal entry was 635 and 708. ❗️Negative Sentiments in market. Watch 770 levels for a fresh entry. And do not bet big in these market conditions. Have your risk management rules in place. The chart is shared only for educational purposes. Please consult your financial advisor before investing. ➡️Market Cap₹ 6,855 Cr. ➡️Current Price₹ 760 ➡️Stock P/E31.5 ➡️ROCE4.27 % ➡️ROE1.42 %
NSE:SHARDACROPLong
by sagartharayil
Borosil Ltd. All set for an ATH breakout?✅Trading above key DMAs ✅Consolidating above 50 DMA. ✅Forming inside candles ✅Contracting Right at 50 DMA a ✅Trading near ATH ❗️Bearish sentiments in the market. ❗️Deep and prolonged pullback after each upmove. ▶️Market Cap---₹ 5,378 Cr. ▶️Current Price---₹ 450 ▶️Stock P/E---76.6 ▶️ROCE---14.3 % ▶️ROE---12.1 % Early entry with a limited quantity is possible at the level mentioned in the chart. A further addition is possible if the stock breaks the ATH with good volume and candle. Keep such stocks on the radar. It could move really well once the long base is broken. Trade lite with proper risk management. Remember we are in a downtrending market. The best bet sometimes is no trade and sit on the side lines. Protect your capital. Respect your SL and trade safe. Chart shared only for educational purposes.
NSE:BOROLTDLong
by sagartharayil
Nifty riding on a trendline. 23300 imminent??It is so funny, the more you watch the more pattern you see in NIFTY 50. Reminds me of our childhood where we used to see different shapes and forms up in the clouds. Nifty is trading on a trendline from Jun 2022. So far it has been respecting that trendline. 23300 range could act as a good support if Nifty reach that level. Let us watch if Nifty is reversing from 23700-900 rang. Let us wait till the trendline is broken down before assuming Nifty will fall till 21K 20K 18K 15K.
NSE:NIFTY
by sagartharayil
HOW TO TAKE TRADE IN UPTRENDAs we analyze the price movement, we observe a consistent pattern of higher highs without any break of structure (BOS) on the lows, indicating a clear uptrend. After a BOS, an optimal entry point may emerge at strategic retracement levels, such as 0.5, 0.618, or within a Fair Value Gap (FVG) or Order Block. Detailed Breakdown: Current Trend: Price consistently moves upward, forming higher highs. Without breaking key lows, it signals the strength of the ongoing trend. Entry Strategy After BOS: Following a break in structure, look for retracement points such as 0.5, 0.618 levels, FVGs, or established order blocks. This approach aligns with seeking high-probability entries with potential for significant returns. Sell Setup Logic: Why Not to Sell: Although we observe the price hitting minor order blocks post-BOS, attempting a sell in an uptrend goes against the primary trend logic. Major lows remain intact, meaning that downward moves here are only temporary pullbacks. Optimal Setup: We wait for the price to approach a major order block, ideally near a retracement point, which provides a higher probability of continuation. Confirmation for Buy: Once price reaches the major order block and begins reversing, look for confirmation through a bullish engulfing candle on a lower time frame. Place a stop-loss at the swing low and target buy-side liquidity to capture the maximum potential of the setup. Multi-Time Frame Analysis: Multi-time frame analysis is essential for precision. Analyzing across different time frames provides insights into minor and major trends, allowing you to confirm entry points and enhance trade accuracy. For more insights on high-probability trade setups, follow and engage with our content.
Education
by munmeeth
Price action The upcoming earnings report for Loblaw Companies Limited on November 13, 2024, could significantly impact its stock price. Currently, the stock is trading in a tight and shrinking range, suggesting a period of consolidation. This limited movement reflects caution in the market, with investors awaiting confirmation of a breakout or breakdown. If the earnings report meets or exceeds expectations, this may trigger upward momentum, breaking the current range and setting a bullish trend. However, a disappointing report could lead to a sharp downside, especially if investor sentiment shifts negatively. Technical traders should watch closely for a trend line break in either direction, as this will likely signal the next major price movement. As the stock has shown limited range-bound activity recently, the breakout from this trend could result in a substantial price shift.
TSX:LLong
by shyambhatasna
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