Head & Shoulder breakout of Akshar chem with Volume on weekly TF. In daily TF consolidation after the breakout is there with low volume. Two Target are there one based on Range Calculation and one based on the fib retracement of 61%.
1. Breakout at 94 level then consolidation and then again breakout
2. Good buildup before breakout
3. increase in volume during consolidation
4. high volume on green candles and low volume on red candles
5. high volume candles in daily TF during breakout
Breakout in motilal after two year. As with covid lockdown many people entered stock market so this is also support financial companies like motilal. I think for now motilal may consolidate for few time in the channel and can be accumulated. Once it breaks the channal it can move upwards. SL is weekly closing basis.
Head and shoulder breakout in heritage foods. Target on basis of REsistance . SL is on weekly closing basis. Volume increasing on green candle. In daily TF the volumes are very dry during retest. Wait to form a bullish candle or hammer or doji type candle near the breakout to confirm the retest.
Time for the trade will be 3-6 months with 6 month as time stoploss.
Very high volume from last few weeks also price is moving higher after the breakout. A good build up before the breakout. SL will be on weekly closing basis. Targets are based on the nearest resistances. The time stoploss will be 6 months.
IOC | Nice retracement after Swing High breakout (Dow theory)
CMP : 106
SL : 98
Target : 150, 160
P.S : I'm taking it for long time, allocated a small capital. Unless SL is hit i'm planning to hold for 1-2 years
buy above 315 in intraday and positional
for positional stoploss - 285 and target1 355
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as...
KRBL | Investment opportunity - Potential for 3-4 time as per current price action setup.
Simple breakout above the trendline.
Price action and RSI momentum both have big room to go.
CMP : 293
Target : 660, 1056
P.S : Not a trading scipt for short term.