2 Breakout Swing Trading Ideas for 12 December MarketsI daily make educational content videos for swing / positional trading
Positional
IREDA - Positional target 300-> CMP 222 / 1d timeframe
-> Breaking out the channel trend
-> Bouncing from the support line
-> Crossing 20/50/100 EMA
-> Positional target will be 300
-> Good Luck, Traders!
Looking for Penny stocks to invest, have a look!! AIRAN LTDA glimpse of our analysis on AIRAN LTD chart on Daily Time frame.
1)We have price reacting to the weekly order block and Fvg and giving a good move upward with good volume indicating Smart money orders coming in.
2)Down charting on 1Day time frame, we were able to spot a Change in market structure. Shift of trend from bearish to bullish.
1WEEK TIME FRAME — BULLISH
1DAY TIMEFRAME — SHIFTED FROM BEARISH TO BULLISH
We are waiting for price to react back from FVG or ORDER BLOCK and ride with the trend targeting T1, T2, T3 and weekly High as the final target.
This is for educational purposes only. Please do your own research before investing.
Looking for Penny stocks to invest, have a look!! AIRAN LTDA glimpse of our analysis on AIRAN LTD chart on Daily Time frame.
1)We have price reacting to the weekly order block and Fvg and giving a good move upward with good volume indicating Smart money orders coming in.
2)Down charting on 1Day time frame, we were able to spot a Change in market structure. Shift of trend from bearish to bullish.
1WEEK TIME FRAME — BULLISH
1DAY TIMEFRAME — SHIFTED FROM BEARISH TO BULLISH
We are waiting for price to react back from FVG or ORDER BLOCK and ride with the trend targeting T1, T2, T3 and weekly High as the final target.
This is for educational purposes only. Please do your own research before investing.
LT - Long SetupCMP 3947 on 09.12.24
Since January 2022, the stock has been traveling in a rising wedge pattern. For the last many days, the price has been moving in a range (shown as a rectangular shape). This time looks like breaking the upper levels.
Immediate supports seem to be around 3860 and 3740.
One may start buying from the current price to as low as 3860, multiple times.
Always keep the position size in accordance with risk management.
The setup fails if the price sustains below 3730.
All this illustration is my own view, shared only for learning and observation purposes. It is not a piece of trading advice in any form.
All the best.
8 swing trading Breakouts and Fakeouts for 9 Dec Markets I daily make educational content videos for swing /positional trading
Zuari looks good for a long position. Wait for a close above 258. Volumes are picking up with price movement.
Risky trade as the stock tends to give deep pullbacks. At present, the breakout candle is forming an upper long wick.
Safe traders wait for a close, deploy 30-40% now and wait for a retest to deploy the rest.
POSTIONAL TRADE- CLEAN SCIENCE & TECH
Stock has arrived at all time low also a good demand zone expecting good reversal, hold for few months.
Target- 1400 1600 2000++
DCAL forming inverse H&S. Keep on the Radar.
-Good Volume today.
-Forming inverse H&S pattern.
-Dry volume when pulling back.
Watch for a breakout above 214. SL is very deep for positional players. Position size accordingly.
Aggressive players can try placing SL below today's candle (196-day closing basis).
The market is on a downtrend. The chances of fake breakouts are very high. Please do your due diligence. This is not a buy/sell recommendation.
Indiamart Again - Low Risk SetupCMP 2344 on 01.12.24
1. In recent sessions, the stock has formed a cup & handle pattern. But could not give a breakout of the formation.
2. At present, tested the lower level of HANDLE and formed a Double Bottom Pattern & gave a bounce back too.
3. If the momentum continues, may go into a bullish phase.
4. MACD is showing a reversal too.
5. The risk-reward ratio is quite good at the moment.
NOTE - The above illustration is my own view, shared here only for learning and observation purpose. it is not a bit of trading advice in any form.
All the best.
Marico | Bullish SetupMarico chances of moving 5% in coming days.
Back to back green candle
Increasing volume
Strong RSI
Sustain Above 650 might give 3-5% returns in 2-3 days.
Disclaimer: This post is for educational purpose. No trade/ buy/ sell signal is suggested or advised. Do your own analysis before buying or selling any stock/options.
Nifty Hourly View | Nov ExpiryNifty seems to be in corrective wave abc of B.
Price action making a complex structure. Price might oscillate between 24500-24000 supply and demand zone as shown in chart.
Directional move possible only above or below zones shown.
More price action can confirm the move. For intraday setup, shown a 15 min chart image.
Birlasoft - Positional setupCMP 599 on 12.10.24
A Pole and Flag pattern-like formation is in progress on the chart. But a trade setup should be backed by other parameters too.
The range of 550-580 has been acting as a good support zone for a long time. This time, it reversed from the zone again—a good time for a buy setup with a favorable risk-reward ratio.
Immediate targets seem 670, 710, and 740.
The setup fails if the price sustains below 550-540 levels.
Position size should be following risk management.
This is only for learning and sharing purposes, not trading advice in any form.
All the best.
Tata Motors - Positional SetupCMP 780 on 22.11.24
The chart is self-explanatory. It shows the consolidation in recent sessions at support levels. If it gives an upward move, it may go to 880.
A reversal in MACD is awaited now.
One has to keep the position size according to the risk management.
This illustration is my own view, shared only for learning purposes. It is not a piece of trading advice in any form.
All the best.
Supriya- A breakout done for potential multibagger returns!Supriya Lifescience stock has given a beautiful rounding bottom pattern breakout in weekly TF
Stock has consolidated above the breakout level which shows strength of breakout.
Above 650, stock can fly towards 1000 levels.
Keep in watchlist. Not a recommendation.
LTIM - Getting ReadyThe chart is self explanatory. Since Nov. 21, the price has been forming a Triangular pattern. Already given a breakout of that.
Since Jan. 24, A Cup & Handle pattern is formed and a breakout is seen on the charts.
At present time, we can observe the retest of the both breakouts.
If the price gives a bounce back from present range of 6000-5800 and sustains above, may see a bullish run upto 7000/7500 and even more.
If sustains below 5600, the setup goes weak.
One should mind the position size according the risk-management.
The above illustration is my own view, only for learning and sharing purposes, not a trading advice in any form.
All the best.
ABB - Keep An EyeAll points are mentioned on the charts.
In the last session, the stock has shown a bounce back from the multiple support levels as indicated on the above chart.
If momentum continues, may go to 8150/8650.
Above 8800, a breakout of flag pattern will be there.
The setup remains active until the price sustains above 7200.
This illustration is only my view, only for learning and sharing purposes, not a trading advice in any form.
All the best.
Moil - Low Risk Setup
CMP 334.60 on 02.11.24
The price has been corrected by around 40% from the higher levels.
All important levels are marked on the charts. If crosses the area of 340-370 and sustains above, may go into a bullish phase again. targets may be 380/480 and even more.
If sustains below 310 and sustains below, the setup goes weak.
At present point, the risk-reward ratio is quite good.
This is my view only for learning and sharing purposes, not trading advice in any form.
All the best for your trading journeys.
KELLTONTEC - 2.5 year long Cup & Handle Pattern BreakoutHere's a technical analysis of the KELLTONTEC stock chart:
Key Observations
Cup and Handle Pattern:
The chart shows a cup and handle formation, which is a bullish continuation pattern indicating the potential for an upward breakout. The "cup" forms after a rounded bottom, and the "handle" represents a minor consolidation before a breakout attempt.
Major Resistance Area:
There is a well-defined major resistance area that the stock previously tested. After breaking above this level, the stock is now consolidating, creating a strong base before possibly moving higher.
17-Week Small Base:
The stock has been consolidating for 17 weeks, forming a small base just above the major resistance area. This base suggests that the stock is stabilizing, and this consolidation could provide support for a strong breakout.
128-Week Strong Base:
The stock is building on a much larger 128-week base. This extended period of accumulation signifies that the stock has gained a significant foundation, increasing the probability of a sustained move if it breaks out.
Volume Analysis:
High volume during upward moves and low volume during pullbacks indicates healthy demand. The low volume during consolidation suggests that selling pressure is minimal, while high volume spikes during upward movements indicate buyer interest.
Volume also picked up around the 20-week EMA, showing support from buyers near this level.
Bounce from 20-Week EMA:
The price has consistently bounced off the 20-week EMA, showing it as a strong support level. This reinforces the uptrend and indicates buying demand whenever the stock approaches this EMA.
Trade Setup with Key Levels
Entry Point:
Breakout Entry: Enter above the high of the handle at around 160-165 for breakout confirmation.
Targets:
Target 1: 225 – Based on initial resistance.
Target 2: 280 – A higher resistance level, achievable if the breakout gains momentum.
Target 3: 373 – A longer-term target that aligns with the larger base breakout potential.
Target 4: 450 – For a longer-term position, based on the depth of the cup and potential for an extended move.
Cello World - PositionalIn the last few months, the stock had been traveling in a rising wedge pattern. Recently breached the channel in downside. At present trying to enter the channel again, after taking support at the 860-870 zone. That has been a good support level in the recent sessions.
If crosses 930, with good volumes and sustains the momentum, further targets may be 1000/ 1120.
If sustains below 860, the setup will go weak.
This illustration is only my view, only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Swing Trading Idea :: 02The daily chart forms a cup and handle pattern. The stock has recently made a higher high with volume buildup, a significant technical milestone, This indicates the potential for sustained upward momentum, especially as volume supported the breakout.
The stock could face psychological resistance around INR 2000. If momentum continues and the stock decisively breaks above INR 2000, a further target could be set around historical levels.
For a stop-loss level, consider placing it slightly below the retest level.
These levels can be adjusted based on risk tolerance and evolving market conditions.
Disclaimer: The information and publications are not meant to be, and do not constitute financial, investment, trading, or any other types of advice or recommendations.
