HFCL : Breakout Soon#HFCL #VCPpattern #Breakout #Trendingstock #patterntrading #swingtrading
HFCL : Swing Pick
>> Beautiful VCP pattern visible
>> Breakout candidate
>> Good strength & volumes
>> Low Risk High Reward Trade
Swing Traders can Lock profits at 10% and keep trailing
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Disc : Trade Ideas Shared are for Educational Purpose, not a Trade Recommendation. Pls do ur own analysis and consult your Financial Advisors before thaking position in any stock.
Patterntrading
Idea purely on technical basis + NewsThis idea is purely basis current price action + volume and news. No other factors considered.
NSE:DHANI has shown promising signs of a potential turnaround, indicating a shift in sentiment following a period of indecision or stabilization.
The Diamond Bottom pattern emerges amidst a downtrend, characterized by the formation of higher highs and lower lows within a widening pattern.
Over time, this pattern evolves as the highs reach a peak and the lows begin to ascend, leading to a gradual narrowing of the trading range.
Upon the breakout above the boundaries of the diamond pattern, there's a notable indication of a substantial reversal, marking the onset of a fresh uptrend.
Other things to consider at current situation
- Volume is increasing
- Trading above 10 EMA, 50 EMA and 100 EMA
News
Dated: March 18, 2024
- Submitted the building plans to the Directorate of Town and Country Planning (DTCP) for approvals of 60 lac sq ft of residential development saleable area in Sector 104, Gurugram located on 8 lane Dwarka Express way. The Project is proposed to be launched in July’
- Submitted the building plans for development of saleable area of 2.6 lac sq ft of office space in Worli, Mumbai. The Project is expected to be launched in August’ 2024.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
Polygon long-term analysis, Total potential profit +416% ROIPolygon is currently supported and trading within a channel pattern. The first target is the top of this channel, offering a potential profit of +79% ROI. A breakout above the channel could lead to a second target of $1.56 USD, with a potential profit of +179% ROI. If the market closes above this second target, a significant price movement in Polygon is expected. The third target of this analysis is $2.8900 USD, offering a total potential profit of +416% ROI. This is a long-term analysis, and it's essential to follow trend continuation techniques. This presents a significant opportunity, good luck!
Ethereum Next Target 3055 USD, Triangle Pattern BreakoutEthereum has formed a Triangle Pattern and breakout above it. It is also expected to Breakout of the Falling Channel, with the Next Target being the 0.5 Fibonacci Retracement level at 3,055 USD.
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Gulf Energy Development : Next Target is 69 THB, Fibonacci levelIn Gulf Energy Development, Falling Wedge Pattern Breakout and Reached the Target with +34% Profit. Now market Breakout above the Resistance level, so Next Target is 1.6 Fibonacci levels 69 THB.
I want to help people to Make Profit all over the "World".
Upside Breakout in Privi Speciality Chemicals LtdPrivi Speciality Chemicals Ltd NSE:PRIVISCL
The price has broken upward out of a trading range, suggesting the beginning of a new uptrend.
The Upside Breakout pattern features a trading range where prices move sideways between two parallel horizontal lines. This pattern typically indicates a pause or congestion area within an existing trend, though occasionally it results in a reversal of the previous trend.
Regardless, an upside breakout through the upper resistance line signals the end of the consolidation period and the onset of an uptrend.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
EURNZD SHOWING HEAD AND SHOULDER PATTERN WITH 1:5 RISK REWARD EURNZD SHOWING A GOOD DOWN MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Bangkok Bank, Next Target is the Channel TOP, Gain +78% PROFITBangkok Bank has been Trading within a Channel Pattern for the past 24 years. A Rising Wedge Pattern formed within the Channel, and last year, it Breakout of the Wedge Pattern and Reached its Target. The market is now continuing its Uptrend, with the NEXT TARGET being the Top of the Channel Pattern, around 280 THB, although this may vary depending on the timing.
Take advantage of this Great Opportunity to Earn a Potential Profit of +78% ROI. As this is a Long-Term Analysis, it's important to follow Trend continuation techniques.
I want to help People to Make Profit all over the "World".
Triangle Pattern Breakout after 25 years, Gain +112% PROFIT A Triangle Pattern has formed in Krung Thai Bank Public, and a Breakout is Expected after 25 years. This suggests a very Bullish Uptrend in the market. Take advantage of this Great Opportunity to Earn a Potential Profit of +112% ROI. As this is a Long-Term Analysis, it's important to follow Trend continuation techniques.
NASDAQ Bank AnalysisNasdaq Bank experienced a Breakout after 7 months of Sideways movement and reached the top of the Trendline. The market has now returned to the Breakout point, retesting the Sideways range or the 0.6 Fibonacci Retracement level. A Triangle Pattern is forming, and if the Uptrend continues, the target is R1. If the market closes above R1, it is likely to move toward the top of the Trendline.
VERANDA Giving a Good BreakotVeranda Learning Solutions Ltd. engages in the sale of comprehensive learning programs. It offers training programs in test preparation for all competitive exams in India and abroad. The company was founded on November 21, 2018 and is headquartered in Chennai, India.
Keep Stoploss at 278 and I'm for a first target of 10% and the Trail it with 10 or 20 EMA...
ADANIGREENADANIGREEN
Resistance Line (Red):
The upper red dashed line is acting as a resistance line, where the price has previously struggled to break through (as indicated by the red arrows).
Support Line (Red):
The lower red dashed line is the support level, where the price has bounced back up (as indicated by the green arrows).
Possible Breakout Scenarios
Bullish Breakout (Scenario 1): If the price breaks above the resistance line, the stock could potentially move higher towards the next resistance level around ₹3,050, as indicated by the dashed blue line with label "1".
Bearish Breakdown (Scenario 2): If the price breaks below the support line, it could drop significantly, potentially moving towards the lower level around ₹400, as indicated by the dashed blue line with label "2".
Scenario 1: Bullish Breakout
Breakout Level: Around ₹2,000 to ₹2,050.
1First Target: ₹2,400 - This is the first level of resistance, where the stock previously faced selling pressure.
Second Target: ₹3,050 - The upper resistance level, marked as "High" on the chart. This could be a medium-term target if the bullish momentum continues.
Extended Target: ₹3,600 - If the momentum is strong and supported by increasing volume, the stock could potentially reach this level, which would be a measured move based on the height of the triangle pattern.
Scenario 2: Bearish Breakdown
Breakdown Level: Below ₹1,750.
First Target: ₹1,400 - This is a key support level from the previous swing low, and it might act as a buffer before further decline.
Second Target: ₹800 - This is a more substantial support level that aligns with previous significant lows in 2022.
Extended Target: ₹400 - This is the lower extreme marked by the chart, which could be reached in a severe bearish scenario, possibly driven by a market-wide correction or negative news specific to the company.
Stop-Loss Strategy:
Bullish Trade: Place a stop-loss just below the breakout point, around ₹1,750, to protect against a false breakout.
Bearish Trade: Place a stop-loss just above the breakdown point, around ₹2,050, to safeguard against a false breakdown.
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epro-bullswings dt02/09/24