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Potentialbreakout

BAJAJHIND - Possible 12-Year Breakout?Bajajhind (Bajaj Hindusthan Sugar Ltd) closed yesterday at 36.25, bringing it close to the critical level of 39. A monthly close above 39 could potentially push the stock to 50 or even 58 levels. This stock attempted to break past 39 in February 2024 but failed to close above it. Since then, it has been trading within the range of 26.80 - 40.50. Keep an eye on volumes and the monthly close for confirmation of this breakout. While technical indicators look promising, always conduct your own research and consider fundamental factors before making any investment decisions.
NSE:BAJAJHINDLong
by PriteshPal
1
SHANKARA BUILDCON looks ready for a breakoutShankara Buildcon is nicely absorbing the supply, and looks like slowly the bulls are going to control this scrip. Looks good for 15-20% move from here on. Stoploss 740 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
NSE:SHANKARALong
by nishant_bhatt
'GOLDIAM' ready to boom like 'GOLD' !!!We all have witnessed the bombastic rally of Gold & Silver, now it seems that companies that are engaged in business related to gold & silver are going to buzz. Let's have a detailed overview of the stock in prominent timeframes. Daily Timeframe: - Goldiam has shown a breakout from a right-angled broadening wedge pattern which was under construction for the last 4 months. Thunder Volumes supports the breakout. Also, there is an RSI breakout which indicates the strength of the stock. All moving averages were been converged, and now slowly 20DEMA is diverging and crossing above all important moving averages this indicates that the stock has finished the choppiness and is ready for a fresh move. Weekly Timeframe: - Goldiam is breaking from a time-long consolidation phase after base building formation. Record Volumes this week indicate strong interest in market participants. RSI is also given a breakout from a channel and now sustaining above 60 which confirms the strength. My Observation: The only thing to ponder is the Daily RSI is at 79, and Goldiam has shown a continuous move of almost 20% in the last 4 days, so I must suggest to deploy 50% position now and wait to cool off i.e. accumulate around 155-150 which is the breakout level.
NSE:GOLDIAMLong
by Chaser30
2
ITC - The Rise....ITC the 'rising giant' is showing its heroic move with very much similarity as the 'Puspha' character, who was misunderstood in the movie as inefficient man and same here 'ITC' was assumed as slow mover but now it has changed everyone mindset with a strong move. ITC has formed rising three method pattern in daily charts after a breakout which is a positive signal. ITC has given a weekly breakout above 263 which was a strong resistance. Both RSI and MACD supporting the up move . Weekly RSI :- Daily RSI :- Though ITC is trading in a channel but it seems that this time it could break the channel. #Enjoy_trading
NSE:ITCLong
by Chaser30
'PICKS FOR WEEKS' !!!!Hello traders, ------------------------------------------------------------------------------------------------------------------------------------------------------- 'Picks for weeks' is a new series where you would get some awesome breakout picks every Sunday, which could give handsome return in coming weeks. All picks given are on basis of potential breakouts. ----------------------------------------------------------------------------------------------------------------------------- 1. NSE:MAITHANALL :- It has given a range breakout of 7 months after formation of a huge cup pattern, already it was in strong uptrend which was at halt and now it can resume its uptrend again. ----------------------------------------------------------------------------------------------------------------------------------------------------- 2. NSE:AVADHSUGAR :- It has given a breakout from 'N' pattern after retesting its previous breakout level, also overall sugar sector is in strong bull run which could provide it extra benefit. ---------------------------------------------------------------------------------------------------------------------------- 3. NSE:GAEL :- It has given a breakout of rising trendline, where it was facing resistance for many times also it has given retracement earlier which confirms its strength. ------------------------------------------------------------------------------------------------------------------------------------------------------- #Enjoy_trading.
NSE:NIFTYLong
by Chaser30
#TCS Potential breakout towards Weekly channel top#TCS Potential breakout towards channel top This IT sector stock has been moving in a weekly trendline channel and had done an wedge pattern breakout back in august Post which it had a pullback to channel bottom and now it seems to be heading back to channel to again by way of potential Breakout from a previous resistance zone.Positional entry above a confirmation candle above the resistance 3990 levels Could give good swing trading opportunities atlas till channel top .The FIB extension indicate possible targets upto 4350 if Breakout sustains. The stop loss should alert candle of breakout above resistance low.
NSE:TCSLong
by seekedgetrade
#SBI trending up &could breakout from resistnce#statebankofindia #SBI Any Breakout from previous resistance of 464 for SBI and a green close about it could indicate good moves upside and may be the time for going for a long entry on this stock. trending on a parallel channel with Momentum and trend indicators indicating bullishness on short ,medium and long term Channel breach or entry candle low at resistance breakout zone r Fib 23 could be swing trade stop loss. if bank nifty index breakout from the all time high then SBI would also do same and trail stop loss if that happens.
NSE:SBINLong
by seekedgetrade